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Integrated Payments vs. Payfac-as-a-Service: What Developers Need to Know

USIO

Two prominent solutions that have emerged in recent years are integrated payments and Payfac-as-a-Service. Integrated Payments: Integrated payments refer to the seamless incorporation of payment processing capabilities within existing software or systems.

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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 merchantis the primary account holder for a payment processing system, overseeing and managing multiple subordinate accounts, often referred to as sub-merchants.

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Glossary: 117 software-led payments terms to know

Payrix

They underwrite and onboard the sub-merchants and provide them with the products and services required to process electronic payments. Chargeback reduction service Screens presentments and chargebacks and returns certain invalid items to the acquirer or issuer, as appropriate. eCheck, PayPal, etc.)