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PayFac as a Service: What Is It and How to Offer It

Natalia Luneva

The number of Payment Facilitators (PayFacs) has grown 13.8% For businesses, this means they can use payment systems without starting from scratch. PayFac as a Service lets companies add payment processing to their platforms. This turns payments into a way to make money, not just a cost.

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Glossary: 117 software-led payments terms to know

Payrix

Terms related to payment types and tools Alternative payments Payment methods that are used as a substitute to traditional card payment; these third-party payment brands use traditional payment systems for settlement of transactions and are typically used in an eCommerce environment (e.g.,