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What Is an ACH Payment Facilitator?

Stax

JANUARY 17, 2024

TL;DR A payment facilitator (PayFac) is essentially a SaaS vendor or software provider that enables its users (businesses) to accept online payments from their customers through the platform itself. An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network.

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Payment Services SaaS Payments Merchant Services Payment Facilitation 88
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Payment Aggregator vs Payment Facilitator Demystified

Subscription Flow

JANUARY 19, 2024

Consider a payment facilitator—PayFac for the cool kids—as the reliable payment partner for your company. PayFacs are your go-to friends for managing the finer points of both online and offline transactions. This is a software that specifically enables you to manage billing, invoicing, reporting.

Payment Services 59
Payment Services SaaS Payments Merchant Services Payment Facilitation 59
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