article thumbnail

ISVs vs SaaS: What’s the Difference?

Stax

Examples of popular SaaS apps include Shopify, an eCommerce platform, Dropbox, a cloud storage service, and Stax Bill, an automated payment processing system. Consider Stax’s partner program. ISVs that integrate their solutions with Stax Connect gain access to the platform’s global reach, co-selling opportunities, and support.

article thumbnail

What Is an ACH Payment Facilitator?

Stax

The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. Most ACH PayFacs offer instant onboarding , making it quick and easy for merchants to start accepting payments.

Insiders

Sign Up for our Newsletter

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

article thumbnail

ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

PayFacs also provide a streamlined onboarding experience, manage underwriting, and handle compliance for its sub-merchants. They handle merchant onboarding, including underwriting and meeting regulatory requirements like Know Your Customer (KYC) mandates. Contact us today for a consultation and learn how we can help.

article thumbnail

How to Maintain Anti-Money Laundering Compliance as a PayFac

Stax

Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. Transaction monitoring and reporting Onboarding sub-merchants following thorough KYC isn’t enough.