This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
Enabling small businesses to accept payments through a SaaS platform or integrating payments into physical point-of-sale experiences, the master merchant can create seamless experiences for both merchants and their customers. What industries commonly use the master merchant model?
Two prominent solutions that have emerged in recent years are integrated payments and Payfac-as-a-Service. This approach enables businesses to streamline their operations by consolidating payment functionality directly into their point-of-sale (POS) systems, e-commerce platforms, or other software applications.
With the rise of Embedded Payments, payment processors have a new role as a powerful sales tool for software companies that strive to become the everything platform empowering them with essential digital finance tools to manage and grow their business as well as generate new revenue streams.
Our comprehensive article delves into the merits and challenges of Payment Facilitators (PayFac) versus Independent Sales Organization (ISO) registration. Understand the nuances of speedy onboarding with PayFacs and the enterprise value advantages of ISOs. Delve deeper into issues of scalability, compliance, and setup.
A payment facilitator (or PayFac) is a software platforms all-in-one payment processing solution. Instead of your customers needing to create their own merchant account to process payments, you as the PayFac developer handle all the payments setup and complexity for them. What is a payment facilitator?
The setup connects payment processing with a point-of-sale (POS) system software that can sync with other business-critical systems and streamline processes. Often, software customers have to hop from system to system and spend time reconciling their payments against their sales. 3 things you should know about integrated payments 1.
SafeBase enables sales and security teams to efficiently collaborate and close enterprise deals faster. Welcome to Payfac-as-a-service. For B2B software companies looking for a better option that provides all of the benefits with none of the hassle, it’s time to Get Tilled and experience Payfac-as-a-Service.
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.
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. What Is an ISV vs PayFac?
The typical trade and field service business relies on revenue from sales and service to run operations, manage headcount, and drive operational growth. If you already have payments volume on your platform, you may be finding that these sales just arent generating the kind of revenue you need to scale.
Referral partnerships Often referred to as Integrated Payments , this model connects the payment processing with point-of-sale (POS) system software that can sync with other business-critical systems. Embedded vs. integrated payments: What’s the difference between referral partnerships, PayFac, and PayFac-as-a-Service?
of retail sales in 2025, amounting to $6.862 trillion. Talk to sales Understanding Ecommerce Payment Solutions An eCommerce payment solution is the underlying infrastructure that allows eCommerce businesses to accept and process card and online payments seamlessly and securely. This is expected to grow to 22.6%
It’s not just about the product or payments teams—developers, finance, sales, and operations team members should be engaged in the payments conversation early on. I can imagine, there’s some around technical capability and integrations across all of that, or what is the maturity of my sales team and go to market motion?
Behind the scenes: key components of integrated payments In order for integrated payments to work, youll typically integrate with a payment gateway or payment facilitator (PayFac). Are there white-label or PayFac-as-a-Service options? Contact sales 2. Payment processing: Authorizing and settling transactions in real time.
Enabling small businesses to accept payments through a SaaS platform or integrating payments into physical point-of-sale experiences, the master merchant can create seamless experiences for both merchants and their customers. What industries commonly use the master merchant model?
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.
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? And so, we chose to do a PayFac-as-a-service, or “PayFac in a box,” if you’d like. Ian Hillis That’s really helpful.
With the rise of Embedded Payments, payment processors have a new role as a powerful sales tool for software companies that strive to become the everything platform empowering them with essential digital finance tools to manage and grow their business as well as generate new revenue streams.
The setup connects payment processing with a point-of-sale (POS) system software that can sync with other business-critical systems and streamline processes. Often, software customers have to hop from system to system and spend time reconciling their payments against their sales. 3 things you should know about integrated payments 1.
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.
Applications may be rejected due to falsified or inconsistent information provided on the application, sales of prohibited or high-risk items, or known links to fraudulent or risky activities. Step 4: Application decision The payment processor will approve or reject the application.
I think that pressure is about to start to emerge, and I won’t name names, but there’s multiple cart present point of sale companies that at scale are starting to show that we’ve seen a number of marketplaces and other players start to bring that to fruition. We were the original author of the PayFac model on the trademark.
Their first payment processing solution was a white-labeled ISO sales agent. Kellie Kucik Head of Payments, Real Green Planting the seed of embedded payments Eventually, moving payments in-house became Real Green’s goal. The search was on for a middleware partner to help Real Green become a payment facilitator.
Talk to sales Let’s start at the beginning Stax—then called Fattmerchant—launched in July 2014 and was immediately viewed as a disruptor in the payments space due to its subscription-based model and transparent pricing for SMBs. This was around the time that Fattmerchant decided we were going to be a Payfac.”
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?
A birds-eye-view o f the PayFac journey Payments data: Your company's most valuable asset | Episode 17 Everything there is to know about software-led payments Download now Table of Contents 01 What is Know Your Customer? Read now report 2025 Merchant Insider Report Based on a comprehensive survey of 500+ U.S.
Adam Tesan, CRO at Worldpay for Platforms, is a seasoned executive leader with decades of experience in sales, marketing, and revenue in the software space. I mean, we have a PayFac customer right now, that’s transitioning their whole payments model. They had a separated sales org, customer success, partnerships teams.
Those partners should enable omnichannel capabilities that connect a broad range of payment acceptance devices to different sales channels and deliver on preferred payment methods that meet evolving customer demands, including digital wallets like Apple Pay and Google Pay.
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. Additionally, they are established independent sales organizations (ISOs) with sponsorship from an acquiring bank.
Also Read: How to Choose Between a Payment Facilitator (PayFac) and a Merchant of Record (MoR) for Your Business What is the Seller of Record (SoR)? The organisation in charge of carrying out a sales transaction and supervising the delivery of products or services to the client is known as the Seller of Record (SoR).
Be a Payfac® Grab a coffee and join us for a discussion on how ISOs (independent sales organizations), payments companies, and acquirers can remain competitive in an evolving payments world. ISOs have been providing payment processors with sales reach into additional markets since the 1990s.
Be a Payfac® Watch this discussion about how ISOs (independent sales organizations), payments companies, and acquirers can remain competitive in an evolving payments world. The ISO is Dead. Tom Tucker of Till Payments, joins the conversation and covers Till’s journey and the initiatives they are taking to remain competitive.
After all, the topic of security doesn’t sound as exciting as that latest Instagram hack and isn’t as immediately impactful as a new sales tactic. The importance of PCI compliance PCI DSS applies to any organization—small businesses, payment processors, payment gateways, ISOs, PayFacs, and more. the CRM or ISV software.
Whether youre a CFO decoding a board deck, a startup founder building embedded payments, or just trying to survive your first PayFac meeting Usio is here to simplify your payments (and your acronyms). Youre now officially bilingual: English and FinTech. Want to see what happens when payments actually make sense ?
What is an independent sales organization (ISO)? An independent sales organization commonly referred to as an ISO is a third-party organization that sells products or services on behalf of another organization. An ISO is purely a sales organization focused on acquiring merchants and selling only payments-related products or services.
As businesses increasingly rely on diverse payment processing solutions, you should understand the distinctions between Payment Facilitators ( PayFacs ) and Independent Sales Organizations (ISOs). Key Takeaways Understanding the roles of PayFacs and ISOs helps in effective payment processing.
That means sales enablement, compliance guidance, onboarding help, and actual humans you can talk to. Time to Market Becoming a registered PayFac can take over a year and cost more than $1M. Some providers (like Stripe) often dont offer revenue share unless youre massive. Others, like Usio, work with startups to help you grow into it.
How the Usio Platform Helps SaaS Companies Serving Nonprofits Unlock Revenueand Boost Valuation This Usio partner began as a volunteer-run SaaS platform supporting school clubs and community volunteers with fundraising, ticket sales, communications, event management, and more. There was no upfront costjust new revenue.
We organize all of the trending information in your field so you don't have to. Join 80,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content