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Adding software-led payments can offer various benefits to an ISV, and the decision to do so is largely based on a payments strategy that is developed to drive growth and revenue. Perched in the middle of those two models is payment-facilitation-as-a-service (PayFac-as-a-Service). Learn more about PayFac-as-a-Service.
Business development: Partner with like-minded individuals who support your growth 3. Within the Embedded Payments structure, integrated payments are also known as referral partnerships. Platform technology: Leverage technology that can transform your platform 2. Software support: Fine tailored solutions to meet your needs and goals 4.
Payment facilitation (PayFac) Today, many software companies have a pulse on the opportunities of becoming a payment facilitator, also referred to as a PayFac® developer. If you’re considering PayFac-as-a-Service for your company, there are a few questions you’ll want to ask yourself, and we’ve outlined them for you here.
Adding software-led payments can offer various benefits to an ISV, and the decision to do so is largely based on a payments strategy that is developed to drive growth and revenue. Perched in the middle of those two models is payment-facilitation-as-a-service (PayFac-as-a-Service). Learn more about PayFac-as-a-Service.
What is a PayFac® developer? As a PayFacdeveloper , software companies become their own payment facilitator , and therefore, can offer payment processing services directly to their merchants. We will explore the risk s in more detail in the next section. What is PayFac-as-a-Service?
Business development: Partner with like-minded individuals who support your growth 3. 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. Customer support: Ensure your customers are always prioritized 5.
A company releases its API to the public so that software developers can design products that are powered by its service. Integrated software vendor (ISV) A company specializing in developing or selling software that runs on one or more operating systems; ISVs often embed payment technology into point-of-sale systems for merchants.
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