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You’re here because someone—maybe your CEO, maybe your investor, maybe your gut—told you that owning payments could be a game-changer for your platform. But here’s the part that gets glossed over: how you own payments matters. Should you become a full Payment Facilitator (PayFac)? They’re right. You control the flow.
The embedded finance market—including Payfac-as-a-Service—is projected to exceed $7 trillion in global transaction volume by 2030. That’s not a blip—it’s a massive shift in how businesses are managing money. The compliance. The onboarding headaches. What Is Payfac-as-a-Service? It’s a lot. It’s seamless.
Ian Hillis welcomes David Blair, Senior Director of Product Management at Worldpay for Platforms, on PayFAQ: The EmbeddedPayments podcast to explore the critical roles of merchantunderwriting and onboarding for software providers.
The world of EmbeddedPayments saw remarkable developments in 2024, shaping strategies and innovations across the industry. In a compelling discussion on PayFAQ: The EmbeddedPayments podcast, Ian Hillis hosted payments veterans Ella Aguirre and Michael Veatch to reflect on the past year.
Simplify omnichannel payments with a solution that unifies every channel through your platform. By integrating front-end systems like online, mobile, and in-store payments with robust back-end infrastructure, you can deliver a seamless payments experience without the need for heavy engineering.
Interested in learning more about software-led payments or joining the current EmbeddedPayments conversations in your organization? This blog post is your ultimate guide to understanding the most used payments terms today. This blog post is your ultimate guide to understanding the most used payments terms today.
What are integratedpayments? Integratedpayments are paymentprocessing capabilities that are incorporated into a software companys platform to provide their user base with the ability to accept and manage payments for their businesses. Learn more about Embedded Finance.
In the latest episode of PayFAQ: The EmbeddedPayments Podcast, Ian Hillis speaks with Brad Pinneke , VP of Business Development at Payrix and Worldpay for Platforms, about one of the most important decisions software companies face today: choosing the right payments partner.
Ensuring secure, seamless paymentprocessing is more essential – and complex – than ever today. At Payrix from Worldpay, we have an internal team of risk management experts dedicated to helping software companies, like yours, manage paymentprocessing, fraud prevention, and compliance. compliance.
As software companies become a larger part of the payments world, you will have to determine how much of a role you want to play and how far up the paymentsrevenue food chain you want to go.
Whether youre a product leader, fintech founder, or payments partner, understanding the language behind embedded finance platforms is mission-critical. This blog post is your jargon-free guide to all the advanced embedded finance terminology you’ll encounterfrom OAuth to multi-rail payment strategies.
Software tailored to your industry? Unlike horizontal SaaS solutions that serve a broad range of businesses, vertical SaaS solutions are designed with deep knowledge of specific markets—making them more intuitive, efficient, and impactful. Since vertical SaaS platforms are niche-focused (e.g.,
Becoming your own Payment Facilitator (PayFac) sounds greatuntil you realize its a regulatory nightmare , a financial black hole , and takes longer than your last DIY home improvement project (which, lets be honest, is still unfinished). So, which fintechs offer the best PayFac-as-a-Service? Lets break it down.
For most businesses, the paymentprocess is relatively straightforward. But in healthcare, payments are more complexlayered with government programs, private insurers, co-pays, and patient responsibility. Your software plays a critical role in streamlining that process.
From emerging payment technologies to the importance of intuitive software design, the world of embeddedpayments is rapidly evolving. How do you stay ahead while serving up what merchants really want in your software offerings? It analyzes responses from over 500 merchants in the U.S.
What is a payment processor? A payment processor facilitates the flow of transactions typically made with credit cards, debit cards, and other digital payments. To operate as an integratedsoftware vendor (ISV) or payment facilitator, a software company requires a relationship with an acquiring bank and a payment processor.
What is a master merchant? 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. Whats the relevance of a master merchant in software-led payments and financial services?
Supporting country-specific debit networks, mobile wallets, and bank transfer schemes gives buyers seamless and trusted payment options. In turn, businesses gain access to the entire global market, boosting conversion and revenue along the way. Websites that localize pricing twice the conversion rate of those that do not.
What is white label merchantprocessing? White label merchantprocessing enables third parties like integratedsoftware vendors (ISVs) or independent sales organizations (ISOs) to customize and sell the paymentprocessing technology and services of a payments provider under their own brands.
For the Independent Software Vendors (ISVs) providing businesssolutions to their merchants, the legacy payments ecosystem does not operate in their favor. ISVs have no control over the processes that touch their merchants every day.
In this episode of PayFAQ: The EmbeddedPayments Podcast, host Ian Hillis welcomes Matt Downs, President of Worldpay for Platforms, to discuss software-led payments predictions for 2025 and beyond. remains the largest interchange and software market, Matt predicts a loosening of regulatory constraints.
Selling internationally can get complicated very quickly if you’re trying to manage cross border payments yourself. And typical paymentservice providers won’t help you with most of those concerns. Read on to learn: Why cross border payments are key to taking your business global.
Here are some of the most FAQs software companies ask Usio about integratedpayments, along with comprehensive answers to help you navigate this critical aspect of your business. What are integratedpayments? Why should my software company consider integratingpayments?
If youre a software provider looking to boost revenue, streamline operations, and deliver more value to your users, ISV integratedpayments can be a game-changer. Embeddingpayments directly into your platform can unlock tremendous benefits both for you and your users. The best part?
Software companies are looking, feeling, and acting more like merchantservices providers. They risk losing a source of stable, low-cost deposits and non-interest revenue market share, but don’t be fooled. It’s everywhere. This can be sobering for financial institutions – for good reason.
What is a payment facilitator? A payment facilitator (or PayFac) is a softwareplatforms all-in-one paymentprocessingsolution. Think of it as becoming the payments "master account" for all your customers. Think of it as becoming the payments "master account" for all your customers.
As a software company committed to your customers, you want to do everything you can to set them up for success. 60% of merchants (your software customers) cited adverse effects on their companys reputation, staff workload, and expenses associated with tracking and resolving failed payments. What are false declines?
For many, daily activities are now often accompanied by apps we cant live without. As the attachment to these apps grows, theres an expectation that theyll consistently deliver convenience and flexibility. That expectation has driven software companies to build and grow their platforms rooted in customer centricity.
The term SaaS platform gets tossed around a lotbut what does it actually mean, and why does it matter for today’s software companies? Whether you’re building your first product or scaling an established solution, understanding the SaaS platform model is essential for long-term growth.
Embeddedsolutions have taken the software industry by storm and disrupted the traditional distribution network for financial services, like paymentprocessing. The payment facilitation (payfac) model and partnership offerings create a near- and long-term roadmap for SaaS growth and transformation.
But launching your eCommerce store is just half the equationaccepting payments efficiently and effectively is a whole different ball game. On the surface, it seems effortless, with customers only taking a few seconds to initiate and complete payments. The eCommerce paymentsolution infrastructure involves several key players.
Because of these developments, mobile game companies are investigating more options for monetizing their games than just the App Store or Play Store. So where do you start if you want to provide more global paymentsolutions to your player base while chipping away at the hefty 30% fees that mobile marketplaces charge?
According to the US Federal Reserve in 2022, general-purpose card payments reached $153.3 On top of that, 69% of Americans online in 2023 said they used digital payment methods to make a purchase. As a business owner, you just cant afford to ignore these statistics. But selecting a good paymentsolution can be overwhelming.
Real-time payments: Funds move instantly between financial institutions, even on weekends and holidays. B2B & B2C friendly: Ideal for consumer-to-business, business-to-business, and government disbursements. FedNow Solution: Instantly disburse funds upon loan approval. What is FedNow?
Right now, the embeddedpayments conversation can be downright confusing. Part of the reason for this owes to the sheer volume of terms used to describe some of the approaches within the space, like payfac, payment facilitator, merchant of record (MOR), embeddedpayments, software-led payments––and that's just to name a few.
Setting up a web shop for players to buy subscriptions or in-game items outside of mobile app marketplaces is a great way to create additional revenue streams for your game while saving on steep marketplace fees. There are solutions that make this process much easier — more on that below.)
A seamless, localized checkout process is crucial for converting potential customers, especially in global markets. Focusing on these three key areas can help your SaaS business win more customers: Language. Payment methods. FastSpring is a merchant of record that can help you easily grow your business internationally.
Credit card merchantservices are often viewed as a back-office function or necessary cost. When leveraged strategically, these services can become a key driver of business growth. With the right provider, merchantservices can improve your checkout experience, increase cash flow, and unlock valuable business insights.
It’s almost time again for Cyber Weekend, and November sales spikes aren’t just for holiday gifts and physical goods — SaaS and software companies also benefit from this annual increase in sales. trends in year-end SaaS and software sales data. trends in year-end SaaS and software sales data. dollars for simplicity’s sake.
FastSpring is proud to announce a partnership with Nexus , a leading platform for supporting content creators and monetizing games, where both companies have joined forces in order to help game publishers materially grow profits with their own creator-powered, custom designed, and hosted web shops.
The company must make several changes regarding its Play Store for Android apps according to AP News , after a jury found in Dec. Note: FastSpring provided support regarding alternative payment methods in the case. 2023 that Google Play and Google Play Billing represent an illegal monopoly run by Google.
It seemed such an easy way to bolt on more revenue to an underlying SaaS platform. Shopify now gets 2x the revenue from payments and merchantservices than it does from SaaS subcriptions. It processed $300+ Billion in transactions in the first half of the year. And indeed, sometimes it can be.
The merchantunderwritingprocess is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification.
Industry data shows that 70% of consumers say the availability of their preferred payment method is very or extremely influential when choosing an online store. A payment processor and payment gateway are both crucial components in transactions, as they enable the various ways that shoppers want to pay.
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