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How to Choose Between a Payment Facilitator (PayFac) and a Merchant of Record (MoR) for Your Business

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The success of your business can be greatly impacted by your choice of payment processing model in the dynamic world of eCommerce and online business. To simplify the intricacies of payment processing, two well-known solutions have surfaced: Payment Facilitators (PayFacs) and Merchants of Record (MoRs).

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What Is Merchant of Record (MoR)? How It Can Become the Backbone of Your Online Transactions

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In essence, a memo of requirements (MoR) simplifies the financial parts of business dealing with the intricacies of payments and guaranteeing legal and regulatory compliance for a smooth client experience. Also, there are many integrations that are offered by our subscription management platform. And that’s how the MoR works.