Stax

JANUARY 22, 2024

Each day, it becomes increasingly crucial for every business to accept online payments in order to remain competitive and avoid being left behind. You’ll learn the similarities, differences, and when and where to employ each type of solution for your business.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

SaaStr

SEPTEMBER 8, 2022

Pilot’s leading team of US-based experts, supported by elegant software, delivers world-class bookkeeping, tax, and CFO services trusted by growing businesses like yours. Let Pilot focus on your financials, so you can focus on your business. Welcome to Payfac-as-a-service. appeared first on SaaStr.

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SaaS Payments Payment Services PayFac as a Service Payfac 202

Agile Payments

MARCH 19, 2019

Payment facilitation, or PayFac allows a SaaS company to act as a master merchant for its client base. The SaaS provider onboards clients via a non-intrusive application process -- making it simple for the user base to quickly begin accepting customer payments by credit card.

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SaaS Payments Payment Services Payment Facilitation Merchant Services 77

Stax

DECEMBER 20, 2023

Offering payment processing services is a move that makes sense for a lot of SaaS companies, particularly if your software helps your customers run their business. Not to mention, payments serve as an additional (and highly lucrative) revenue stream for SaaS companies, so your business will also enjoy a healthier bottom line.

Merchant Services 88

Merchant Services Payment Services SaaS Payments Payments 88

Payrix

JANUARY 30, 2024

Back to customer stories A cut above the rest Why Real Green Systems, the leading software platform for lawn care businesses, chose Payrix. We realized very quickly with the other partner that their solution was not what we needed to scale our business efficiently and successfully,” Kellie said. “A It was time to pivot again.

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Payments Payment Solutions Payment Features Merchant Services 130

Payrix

JANUARY 30, 2024

That simple idea eventually led to fitDEGREE, Nick’s growing software startup for class-based fitness studios that want a more community-driven way to manage their local business. I work with small, local business owners. These are people who value their family as much as they value owning a business.

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Payment Services Payments Merchant Services Payment Solutions 130

Agile Payments

MARCH 18, 2019

Businesses that want to leverage their invoicing solution complete a simple application and 15 minutes or so later they are approved and set up to accept customer payment. For our example let’s say the business name is “Best Landscapers”. As an example: A SaaS offers an invoicing solution eg QBooks.

SaaS Payments 77

SaaS Payments Payfac Payment Services Merchant Services 77

Infinicept

AUGUST 15, 2023

We discuss the history of integrated and embedded payments, the emergence of PayFac and Payfac as a service, and what software companies really need to drive their payments businesses ahead. Brian is the founder of Utopaya, a boutique firm helping vertical SaaS companies with their payments. Read the full transcript below.

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Payments Payment Solutions SaaS Payments PayFac as a Service 52

Infinicept

FEBRUARY 9, 2023

Complying with card network rules (and demonstrating that you are) is a critical part of doing business in payments. Whether you’re an acquirer, a Payfac, or an ISO, you have to have solid processes and procedures in place to proactively guard against risk.

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Payment Services Payfac compliance Business 93

Agile Payments

MARCH 19, 2019

Payment facilitation, or operating as a “ PayFac ” allows a SaaS company to act as a master merchant for its client base. The SaaS provider onboards clients via a non-intrusive application process -- making it simple for the user base to quickly begin accepting customer payments by credit card or ACH Payments [some providers offer].

Payment Services 77

Payment Services SaaS Payments Payment Facilitation Merchant Services 77

Agile Payments

JANUARY 9, 2020

A Payment Facilitator or PayFac acts as a the Master Merchant. In the past the only Payment Facilitator Provider offering was to become a “True PayFac”. In essence you become a payment business in addition to to your core SaaS offering. Payment Facilitator Provider: Who do you work to become a Payment Facilitator?

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Payment Services SaaS Payments Payment Facilitation Merchant Services 100

Agile Payments

MARCH 21, 2019

Payment Aggregation , or Payment Facilitation (Payfac), allows a SaaS company to act as a master merchant for its users. The SaaS provider onboards its clients via a fairly non-intrusive application process, and this easy, fast onboarding makes it simple for the SaaS company’s users to begin accepting customer payments very quickly.

Merchant Services 77

Merchant Services SaaS Payments Payment Services Business Model 77

Stax

FEBRUARY 15, 2024

The writing on the wall is clear—businesses need to start accepting digital payments and software providers need to start offering payment services one way or another. In this article, we’ll break down two popular terms used in the payment processing industry—ISV and PayFac —and see what they exactly mean. What Is an ISV vs PayFac?

Payment Services 88

Payment Services Merchant Services SaaS Payments Payment Methods 88

Agile Payments

MARCH 19, 2019

Early adopters of the PayFac business model MyEvent.com has successfully implemented payment facilitation and used it to grow their business and acquire new clients. An interview with MyEvent.com.

Payment Services 77

Payment Services Payment Facilitation Interviewing Payfac 77

Agile Payments

MARCH 20, 2019

Becoming a PSP (also known as PayFac) lends itself well to some businesses that fall into the software provider classification. In Payment Aggregation, being a Payment Facilitator can be thought of as being a Master Merchant, facilitating credit and debit card transactions for sub-merchants within your payment ecosystem.

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Merchant Services Payment Services Payment Solutions Payfac 68

Finix Payments

FEBRUARY 17, 2021

increased revenue, increased business valuation, and ownership over the merchant relationship), the daily operations can be confusing and unclear. At Finix we are on a mission to demystify payments. Payment facilitation is now ten years old, and while the benefits of this model are well known (e.g.

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Payment Services Merchant Services Payfac Payment Facilitation 52

Subscription Flow

JANUARY 1, 2024

Establishing a smooth and streamlined online transaction processing setup is important for every business. Also, businesses that need to hunt investors for their innovative projects must opt for Merchant of Record (MoR) services. MoR service providers take complete responsibility of payment processing for a business.

Merchant Services 52

Merchant Services Payment Services Payment Methods Payments 52

Agile Payments

MARCH 20, 2019

Becoming a PSP (also known as PayFac) lends itself well to some businesses that fall into the software provider classification. Being a Payment Facilitator can be thought of as being a Master Merchant, facilitating credit and debit card transactions for sub-merchants within your payment ecosystem.

Merchant Services 68

Merchant Services Payment Services Payment Solutions Payment Facilitation 68

Subscription Flow

NOVEMBER 10, 2023

Beyond simple semantics, the relationship between Merchant of Record (MoR) and Seller of Record (SoR) involves legal frameworks, financial ramifications, and operational nuances that influence how business transactions are conducted. To comply with them is important if you want to get paid from your customers in time.

Merchant Services 52

Merchant Services Payment Services Payment Facilitation Payment Features 52

Payrix

MARCH 20, 2024

Referral partnerships Often referred to as Integrated Payments , this model connects the payment processing with point-of-sale (POS) system software that can sync with other business-critical systems. Embedded vs. integrated payments: What’s the difference between referral partnerships, PayFac, and PayFac-as-a-Service?

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Payments Embedded Payments Payment Services Payment Solutions 147

Stax

JANUARY 17, 2024

TL;DR A payment facilitator (PayFac) is essentially a SaaS vendor or software provider that enables its users (businesses) to accept online payments from their customers through the platform itself. An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Payrix

JANUARY 30, 2024

You never think about self-storage businesses until you need one. And like many businesses, Storable has seen credit card payments go through the roof since the start of the pandemic. Payrix also provides Storable the option to become a fully registered payfac when the time is right.

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Payment Services Payments Merchant Services Payment Solutions 130

Subscription Flow

JANUARY 19, 2024

If the process is not secure, then you run the risk of losing your customers’ trust resulting in catastrophic consequences for your business. When it comes to the payments space, many business owners are unclear about the differences between Payment Aggregator vs Payment Facilitator. It is not just about processing payments.

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Payment Services SaaS Payments Merchant Services Payment Facilitation 59