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Payment Facilitator: Definition, FAQ, and examples

Payrix

What is a payment facilitator? 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.

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Cyber Weekend Benchmarking Data: 2024 SaaS and Software Holiday Spend Report

FastSpring

We provide an all-in-one payment platform for SaaS, software, video game, and other digital product businesses, including VAT and sales tax management, payment localization, and award-winning consumer support. Learn more about FastSpring’s global payments. Set up a demo or try it out for yourself.

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Master merchant: Definition, types, and examples

Payrix

A master merchant, often referred to as a payment facilitator or merchant aggregator, is a third-party agent that acts as the link between acquirers and online merchants. The master merchant simplifies the onboarding process for sub-merchants by handling the complexities of payment integration, security requirements, and compliance.

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Glossary: 117 software-led payments terms to know

Payrix

Interested in learning more about software-led payments or joining the current Embedded Payments conversations in your organization? This blog post is your ultimate guide to understanding the most used payments terms today. This blog post is your ultimate guide to understanding the most used payments terms today.

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Compliance 101: What You Need to Know as a Payfac

Payment facilitators are obligated to follow rules and regulations from the multiple entities that govern the payments ecosystem. Download today! Compliance is achieved by implementing the appropriate processes needed to adhere to these rules and remaining aware of changing conditions.

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Payment processor: Definition, types, and examples

Payrix

What is a payment processor? A payment processor facilitates the flow of transactions typically made with credit cards, debit cards, and other digital payments. The processor is responsible for processing and settling the transactions initiated by the payment facilitators merchants, but they can also offer so much more.

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Integrated software vendor: Definition, types, and examples

Payrix

An integrated software vendor more commonly known as an ISV is a software company that engages in a partnership with a payments provider in order to integrate payment processing capabilities into their platform. Doing so enables their customers to accept and manage payments for their businesses, all from the same platform.

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The Economics of Payment Facilitator Registration

As the popularity of becoming a PayFac (payment facilitator) grows, it's crucial to understand the intricate economics involved. Download now to gain a comprehensive understanding of payment facilitation and optimize your payment processing approach for sustainable growth and profitability.

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Your Guide to Embedded Payments

Right now, the embedded payments conversation can be downright confusing. Part of the reason for this owes to the sheer volume of terms used to describe some of the approaches within the space, like payfac, payment facilitator, merchant of record (MOR), embedded payments, software-led payments––and that's just to name a few.