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What are Merchant Accounts and How Do They Work?

Stax

In this blog, we’re going to explain how merchant accounts work in both eCommerce and offline settings and what businesses need to consider when selecting a merchant services provider. A merchant account refers to a business bank account that allows businesses to accept electronic payments for goods and services. Chargeback fees.

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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. PayFacs typically partner with a payment processor or a bank to provide merchant services. Let’s get started.