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Understanding Risk Management Strategies as a PayFac

Stax

Digital payments are increasingly becoming the norm. According to Forrester’s data, digital payments are the most used payment method today, with 69% of American adults using them to make payments online. Businesses must therefore adapt and be able to accept such payments.

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Payment Facilitator vs Payment Gateway: Key Differences and Similarities

Stax

That’s the value of eCommerce transactions that took place in 2023 in the U.S. In a world where we’re spending more and more time online and every click is a potential transaction, it’s no surprise the eCommerce and digital payments sectors are experiencing exponential growth.

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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. However, several complex types of risks come along with this.

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A sneak peek at how Payrix implements Embedded Payments

Payrix

With their sights set on elevating the customer experience, deepening user engagement, and driving sustainable growth, there’s one thing software companies are making room for in their roadmap: Embedded Payments. However, not all Embedded Payments solutions are built under the same standards.

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How to Maintain Anti-Money Laundering Compliance as a PayFac

Stax

For any merchant selling products or services online, it’s always a good idea to allow customers to make payments on their platform itself—instead of redirecting them to a third-party website or gateway. With the global economy moving online, corruption, fraud, trafficking, and other illicit activities continue to rise.

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How to prepare your software users for merchant underwriting

Payrix

As a software company getting ready to or thinking about embedding payments into your platform, there is much to consider. Merchant underwriting is a risk evaluation that every merchant must go through before they can accept electronic payments. Step 4: Application decision The payment processor will approve or reject the application.

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Stax Celebrates 10 Years: Looking Back at a Decade of Growth and Payment Innovations

Stax

The year 2024 is a special one for everyone at Stax because we’re celebrating a decade of transforming the payments industry and supporting our merchants and partners with innovative technologies and unwavering support. We wanted to provide value to other players in the payments ecosystem, so we launched PayFac solutions in 2019.