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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. However, several complex types of risks come along with this. Let’s get started.

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Best Merchant Services

Neil Patel

Merchant services exist to help businesses process credit card payments. Regardless of what you call them, choosing the best merchant service isn’t easy. That’s why, in this guide, I’m catering to each type of business and finding the right merchant service for your needs. Aggregators.

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Card Machines: 6 Ways to Save Money on Payment Processing Equipment

Stax

Then when you layer in the need for payment processing, the complexity of managing your finances escalates significantly. The leasing agreement is often between the merchant service provider. Small businesses can also benefit from t ax deductions on their lease payments more than they would if they paid in full.

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SaaS Companies: Four Signs You’ve Outgrown Stripe

FastSpring

When you’re using a DIY payment solution like Stripe, making it work for your business falls on your developers. From testing out plugins to setting up new payment methods, maintaining Stripe can be very time-consuming. Fred is a prior customer of FastSpring and now serves as an advisor. And this leads to our third point.

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8 Best Chargebee Alternatives and Competitors (And How They’re Different)

FastSpring

However, there are certain aspects of collecting recurring payments that you would still be responsible for when using Chargebee, such as: Connecting to payment gateways manually. While Chargebee supports several different payment gateways, you have to set up and configure each one. Responding to and processing chargebacks.

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In-House or Outsourced: Which Ecommerce Solution is Best for Your Business?

FastSpring

There comes a point in your company’s lifecycle when you must decide between outsourcing your ecommerce operations or continuing to keep everything in-house. Keep costs under control — An outsourced agency can mean big bucks, especially if you’re just getting your footing. Outsourced Ecommerce Solution.

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Top 10 Shopify Merchant Pain Points and App Ideas to Solve Them

Baremetrics

However, that doesn’t mean that Shopify merchants don’t have pain points. In fact, Shopify would be the first to admit that Shopify merchant pain points still exist. With over one million merchants using Shopify, there are tons of opportunities that third-party app developers can create solutions for. That’s right.