Remove compliance Remove Document Remove PayFac as a Service
article thumbnail

PayFac-as-a-Service vs Full Payment Facilitation: A Developer’s Guide

USIO

Should you become a full Payment Facilitator (PayFac)? Or should you partner with a PayFac-as-a-Service provider? PayFac-as-a-Service gives you all the benefits of embedded payments —but without the regulatory weight and operational lift. You’re building an entire financial infrastructure. Abstracted away.

article thumbnail

Payment processor: Definition, types, and examples

Payrix

Many technologies and services are involved from POS terminals to card networks to payment gateways so its essential that the payment processor can work closely with them to help authorize and settle every transaction as securely, efficiently, and quickly as possible and stay in compliance with regulations and industry standards.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A sneak peek at how Payrix implements Embedded Payments

Payrix

An overview of the Payrix Embedded Payments solution Embedded Payments come in various forms, but customers of Payrix have specifically sought out our PayFac-as-a-Service solution for its perfect balance of customization, control, and time-to-value. It goes far beyond the traditional DIY, documentation-driven approach.

Payments 130
article thumbnail

PayFac as a Service: What Is It and How to Offer It

Natalia Luneva

The number of Payment Facilitators (PayFacs) has grown 13.8% PayFac as a Service lets companies add payment processing to their platforms. Key Takeaways PayFac as a Service reduces PayFac setup time from years to days, slashing costs by millions. each year since 2018.

article thumbnail

How to prepare your software users for merchant underwriting

Payrix

Step 1: Gather documentation Your merchants will need to gather all necessary documentation and submit their merchant account application. In the next section, we touch upon these specific documents. It is common for underwriters to ask for more documentation at this point in the process.

article thumbnail

Essential Guide to ISV Integrated Payments: Benefits and Best Practices

Stax

It can also make it easier to manage compliance, automate reporting, and scale operations. A modern, well-documented API and SDKs across languages will make it faster to build and maintain your integration. Are there white-label or PayFac-as-a-Service options? Can you set custom pricing for your merchants?

article thumbnail

Payment processor: Definition, types, and examples

Payrix

Many technologies and services are involved from POS terminals to card networks to payment gateways so its essential that the payment processor can work closely with them to help authorize and settle every transaction as securely, efficiently, and quickly as possible and stay in compliance with regulations and industry standards.