article thumbnail

The Best FinTechs for PayFac-as-a-Service: Because DIY is Overrated

USIO

Becoming your own Payment Facilitator (PayFac) sounds greatuntil you realize its a regulatory nightmare , a financial black hole , and takes longer than your last DIY home improvement project (which, lets be honest, is still unfinished). So, which fintechs offer the best PayFac-as-a-Service? Lets break it down. Eventually.

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Payfac-as-a-Service: A Smarter Way to Handle Payments at Scale

USIO

The embedded finance market—including Payfac-as-a-Service—is projected to exceed $7 trillion in global transaction volume by 2030. The compliance. What Is Payfac-as-a-Service? But your provider (like Usio) handles the compliance, risk, and infrastructure behind the scenes. The onboarding headaches.

article thumbnail

Integrated Payments vs. Payfac-as-a-Service: What Developers Need to Know

USIO

Two prominent solutions that have emerged in recent years are integrated payments and Payfac-as-a-Service. Payfac-as-a-Service: Payfac-as-a-Service, short for Payment Facilitator as a Service, is a model where a third-party service provider facilitates payment processing on behalf of multiple sub-merchants.

article thumbnail

Integrated software vendor: Definition, types, and examples

Payrix

When a software company becomes an ISV, because theyve introduced payments into their environment, they must uphold the compliance requirements of the PCI DSS and empower their users to do the same. Learn more about PCI compliance management. On the other end of the spectrum is payment facilitation (PayFac).

Payments 130
article thumbnail

Thanks to Capchase, Intellum, Pilot, SafeBase, and Tilled for Sponsoring SaaStr Annual 2022!

SaaStr

Share security advisories, compliance updates, and more in various channels using Trust Center Updates. Welcome to Payfac-as-a-service. For far too long, options like Stripe and Braintree have had a monopoly on the market, and have charged far too much for their services. appeared first on SaaStr.

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.