article thumbnail

Master merchant: Definition, types, and examples

Payrix

Some examples include: Software-as-a-Service: think tools for appointment scheduling or invoicing for gyms, fitness and wellness studios, or other vertically focused software providers Point-of-sale providers: solutions for restaurants (example: Toast) Gig economy platforms: such as ride sharing or freelance platforms that connect service providers (..)

article thumbnail

Integrated software vendor: Definition, types, and examples

Payrix

Their journey as an ISV began as a referral partnership with a third party but as they continued to build out their payments strategy, shifted to implement a PayFac-as-a-Service model that would grow their revenue potential. On the other end of the spectrum is payment facilitation (PayFac). Learn more about PayFac-as-a-Service.

Payments 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Payment Facilitator: Definition, FAQ, and examples

Payrix

A payment facilitator (or PayFac) is a software platforms all-in-one payment processing solution. Instead of your customers needing to create their own merchant account to process payments, you as the PayFac developer handle all the payments setup and complexity for them. What is a payment facilitator?

article thumbnail

Integrated payments: Definition, types, and examples

Payrix

Within the Embedded Payments structure, integrated payments are also known as referral partnerships.

Payments 130
article thumbnail

Payment processor: Definition, types, and examples

Payrix

Embedded Payments Embedded Payments include three types of payment models that SaaS platforms use to manage their transactions: integrated payments or referral partnerships, PayFac-as-a-service, and payment facilitation, or PayFac.

article thumbnail

Integrated software vendor: Definition, types, and examples

Payrix

Their journey as an ISV began as a referral partnership with a third party but as they continued to build out their payments strategy, shifted to implement a PayFac-as-a-Service model that would grow their revenue potential. On the other end of the spectrum is payment facilitation (PayFac). Learn more about PayFac-as-a-Service.

Payments 100
article thumbnail

Master merchant: Definition, types, and examples

Payrix

Listen now Events Driving growth through seamless payments implementation Watch this on demand webinar to learn strategies for a friction-free launch of PayFac-as-a-Service. Read now View all resources The post Master merchant: Definition, types, and examples appeared first on Worldpay for Platforms.