article thumbnail

Payment facilitation and risk management: What do vertical software companies need to know?

Payrix

Before we dive into the risks associated with payments, let’s review why embedding payments is good for SaaS businesses and the three payment processing solutions available to software companies today. What are the benefits of adding payments to vertical software? What is a PayFac® developer?

article thumbnail

How software companies can leverage value added services to deepen customer relationships

Payrix

This combination allows you to provide your customers with new payment services built right into the platform they know and love with ease. SaaS success today is about more than just addressing your customers current needs. It’s now an expectation that is carrying through into the B2B and B2B2X landscapes.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Pumped up profits, with less heavy lifting

Payrix

Nick realized that adding payments to the software product was the only way he could continue to compete in the space, so he took the opportunity. Nick considered partnering with an ISO, but was reluctant to hand off his studio owners — and the relationships he built with them — to a payment processor. It’s too much work,” Nick said.

article thumbnail

Embedded Payments explained: Everything software companies need to know

Payrix

Among the most recent strategies proving successful for software companies is Embedded Payments. In fact, a recent report from IDC estimates that by 2030, 74% of global digital payments will be processed through platforms owned by non-financial institutions, including software companies. What are Embedded Payments?

Payments 147
article thumbnail

How to build your Embedded Payments strategy Part 3 | Ep 35

Payrix

A comprehensive Embedded Payments strategy isn’t complete without value added services. And when should you start thinking about these solutions and infusing them into your payment ecosystem and experience? On this episode of the PayFAQ: Embedded Payments podcast we delve into just that.

Payments 124
article thumbnail

6 Vertical SaaS Examples that Integrate Payments

Stax

Business owners are increasingly showing an overwhelming preference for SaaS platforms with embedded payment capabilities as part of their offerings. Manual payment processing and disconnected software and payment solutions are dying out, and research by Sifted shows that the integrated financial services market will grow to $3.6

article thumbnail

The Benefits of SaaS and Implementing SaaS Payments

Stax

In this article, we’ll explore the many benefits of SaaS and how to implement SaaS payments. Because of their many benefits, businesses have realized the need for implementing SaaS payments as well. Security and compliance SaaS providers put a lot of effort into protecting their applications as well as business data.