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

Natalia Luneva

Becoming a payment facilitator can really boost your business’s earnings. It also lets you handle customer payments more directly. Plus, it makes payment processing smoother for your customers. To start your PayFac journey, you’ll need to do several important things. Then, figure out the licenses you need.

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

Subscription Flow

The MoR takes on financial and legal responsibilities as the designated entity for payment handling , guaranteeing regulatory compliance and reducing risks for the selling entity. 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)?