Remove Operational efficiency. Remove Payfac Remove Payment Features
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How to Become a PayFac: A Detailed Guide

Natalia Luneva

To start your PayFac journey, you’ll need to do several important things. Now, lets take a look at the steps of how to become a PayFac. Pre-Assessment The PayFac pre-assessment phase will help you check if you’re ready to be a payment facilitator. Check if your systems can handle this new role.

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Distinguishing Dynamics: Navigating the Realm of Merchant of Record vs Seller of Record

Subscription Flow

In essence, the MoR manages the entire transaction process, from regulatory compliance to payment authorization, offering businesses and customers a simplified and safe environment. Also Read: How to Choose Between a Payment Facilitator (PayFac) and a Merchant of Record (MoR) for Your Business What is the Seller of Record (SoR)?