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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

The writing on the wall is clear—businesses need to start accepting digital payments and software providers need to start offering payment services one way or another. In this article, we’ll break down two popular terms used in the payment processing industry—ISV and PayFac —and see what they exactly mean.

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A cut above the rest

Payrix

The company’s clients depend on cash flow, and having a credit card on file means technicians in the field can immediately invoice from their mobile app and see cash in their bank account 24 hours later. We realized how much opportunity we bring to the table, as the nature of our industry is reliant in large part on recurring payments.

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Payment Facilitator vs Payment Gateway: Key Differences and Similarities

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In this article, we’ll dive into the intricacies of two types of players in the eCommerce ecosystem: payment gateways and payment facilitators. The high-level difference is when and how to deploy them as part of the payment process. A PayFac, by contrast, handles the bank’s interaction with a number of merchants.

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Payment Aggregator vs Payment Facilitator Demystified

Subscription Flow

Read more: Using SubscriptionFlow to Improve B2B Cross-Border Payment Processing What is a Payment Facilitator? Consider a payment facilitator—PayFac for the cool kids—as the reliable payment partner for your company. At that point, the payment process begins.