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Understanding Risk Management Strategies as a PayFac

Stax

For SaaS companies, becoming a payment facilitator (or PayFac) offers a ton of advantages—including but not limited to—boosting retention and profitability while exercising greater control over the customer experience. Even the organizational shake-up that comes with the decision to become a PayFac may disrupt your core business.

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Webinar Recap: Deconstructing the Myths About the Payfac Model – March 2023

Infinicept

Deconstructing the Myths About the Payment Facilitator Model Being a Payfac has many touted benefits: you bring payments in-house, increase gross revenue, and have more control over the merchant experience. However, there has been quite a bit of fearmongering about the investment (time, labor, costs) it takes to be a Payfac.

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Webinar Recap: Deconstructing the Myths of Becoming a Payfac – December 2022

Infinicept

However there has been quite a bit of fear-mongering about the investment. Deconstructing the Cost of Becoming a Payment Facilitator (Part 4 of the Payments Education Webinar Series) Being a payment facilitator has many touted benefits: you bring payments in-house, you get more revenue, and more control over the merchant experience.

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Payfacs Continue to Expand Financial Inclusion, the Heart of Embedded Payments

Infinicept

Last year, investment in embedded finance companies tripled and. The rise of embedded payments opened the door to offering even more financial services through software platforms, and the space has since become the darling of the fintech sector.

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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. Our article delves deep into the costs, complexities, and risks associated with PayFac registration. Explore upfront investment expenses and the long-term financial implications.

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What Is an ACH Payment Facilitator?

Stax

TL;DR A payment facilitator (PayFac) is essentially a SaaS vendor or software provider that enables its users (businesses) to accept online payments from their customers through the platform itself. An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network.

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Checking all the boxes

Payrix

It is a platform that’s being invested in that will continue to advance and provide us with the functionality we need without having to go build the direct integration into a single processor,” Durrett said. Payrix also provides Storable the option to become a fully registered payfac when the time is right.