article thumbnail

Glossary: 117 software-led payments terms to know

Payrix

Do you find yourself listening to industry leaders and colleagues use terms like PayFac, PCI DSS, and tokenization and casually scratching your head in confusion? Payment facilitator (PayFac) A merchant registered by an acquirer to facilitate transactions on behalf of sub-merchants. Youve come to the right place.

article thumbnail

Usio + ues.io: App Development with Integrated Payments

USIO

Usio Payfac-as-a-service solution offers a comprehensive suite of features designed to simplify payment processing for businesses of all sizes. Competitive Rates and Flexible Contracts: Benefit from Usio competitive pricing and avoid long-term commitments. application. Key benefits for ues.io applications using a single API.

Payments 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to grow your field service platform’s revenue up to 3x with payments

Payrix

This is common when outsourcing payments. By leveraging Payrix Pro , our PayFac-as-a-Service solution, this software platform was able to achieve their vision quickly all while delivering a superior product and customer experience. Theres more to this strategy than just the nice revenue bump.

Payments 100
article thumbnail

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. Even the organizational shake-up that comes with the decision to become a PayFac may disrupt your core business.

article thumbnail

The Ultimate Guide to Ecommerce Payment Solutions

Stax

This requires the merchant to become a registered payment facilitator or PayFac. A PayFac is a payment service provider for eCommerce merchants. On top of being a new pillar of revenue for your business, the PayFac model also gives you more control. This is considerably faster compared to a traditional merchant account provider.

article thumbnail

Software-led payments: What’s on the horizon for platforms in 2025? | Episode 46

Payrix

But I think it’s going to create new vectors and one of the ones that I’m personally bullish on is I think we’re going to see Embedded Finance platforms be able to play in that space at scale where we’ve maybe only seen a dozen or so vertical or horizontal platforms really create outsourced opportunity there.

Payments 130
article thumbnail

Revolutionizing software: The impact of Embedded Finance and lending | Episode 40

Payrix

This engaging conversation provides valuable insights into the evolving landscape, with Ian and Renn tackling important questions, like: What are the benefits of implementing a PayFac-as-a-service model? So, we really wanted to streamline our own internal development. How should software companies be thinking about Embedded Finance?

Payments 100