Stax

FEBRUARY 15, 2024

FIS Global reports that in Norway, Sweden, and other Scandinavian countries, more than 90% of transactions processed at point-of-sale (POS) in 2023 were cashless. In this article, we’ll break down two popular terms used in the payment processing industry—ISV and PayFac —and see what they exactly mean.

Payment Services 88

Payment Services Merchant Services SaaS Payments Payment Methods 88

Stax

APRIL 3, 2025

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.

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Payment Methods Merchant Services Payment Solutions Payment Services 88

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.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

JANUARY 22, 2024

TL;DR Payment gateways and PayFacs are both players in the digital payment process with similar goals in mind: secure and low-risk payments while providing seamless, fast, and positive customer experiences. A PayFac, by contrast, handles the bank’s interaction with a number of merchants. What is a Payment Facilitator (or PayFac)?

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

DECEMBER 20, 2023

SaaS companies can avoid having to integrate their software with that of gateways and banks, undergo thorough merchant underwriting, and submit mountains of documents by working with a trusted PayFac like Stax to make their software more comprehensive for their clients. What Is Merchant Underwriting?

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Merchant Services Payment Services SaaS Payments Payments 88

Stax

MAY 6, 2024

In our latest webinar, Garrek Harris, Director of Platform Management at Stax, discussed the ins and outs of data security for merchants and ISVs. The importance of PCI compliance PCI DSS applies to any organization—small businesses, payment processors, payment gateways, ISOs, PayFacs, and more. How are we taking that information?”

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Payment Services Merchant Services compliance SaaS Payments 88