Stax

APRIL 3, 2025

Payment processor – Handles the technical aspects of the payment. 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.

Payment Methods 88

Payment Methods Merchant Services Payment Solutions Payment Services 88

Payrix

APRIL 3, 2024

Before we dive into the risks associated with payments, let’s review why embedding payments is good for SaaS businesses and the three payment processing solutions available to software companies today. What are the benefits of adding payments to vertical software? What is a PayFac® developer?

Payment Services 100

Payment Services Merchant Services SaaS Payments Payment Facilitation 100

Payrix

JULY 24, 2024

An overview of the Payrix Embedded Payments solution Embedded Payments come in various forms, but customers of Payrix have specifically sought out our PayFac-as-a-Service solution for its perfect balance of customization, control, and time-to-value.

Payments 130

Payments Embedded Payments Merchant Services Payment Services 130

Payrix

APRIL 25, 2025

However, those engaged in a partnership with a payment processor like Worldpay will have the support and technology to implement the KYC workflows needed to ensure the correct customer verification steps are taken. Customer Due Diligence (CDD): This is an examination of a customers financial background.

Payment Services 100

Payment Services Merchant Services Payments Software Review 100

Payrix

AUGUST 14, 2024

Step 2: Review application The underwriter will review your merchant’s submitted application. The time it will take for them to complete their review may depend on a variety of factors, and it can take a few days up to a few weeks. In the next section, we touch upon these specific documents.

Merchant Services 100

Merchant Services Payment Services Payments Software Review 100

Natalia Luneva

APRIL 22, 2025

To start your PayFac journey, you’ll need to do several important things. Now, lets take a look at the steps of how to become a PayFac. Pre-Assessment The PayFac pre-assessment phase will help you check if you’re ready to be a payment facilitator. Make sure your business model fits the payment processing needs.

Payment Services 40

Payment Services Merchant Services Payfac SaaS Payments 40

Payrix

FEBRUARY 4, 2025

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. eCheck, PayPal, etc.)

Payment Services 100

Payment Services Merchant Services Payment Solutions Payment Methods 100

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

Payrix

JANUARY 30, 2024

So we provide an all-in-one software platform with everything they need to focus on running their storage facility as opposed to being a technology expert. Payrix also provides Storable the option to become a fully registered payfac when the time is right. They’re not technologists. GET A DEMO

Payment Services 130

Payment Services Payments Merchant Services Payment Solutions 130

Stax

DECEMBER 20, 2023

The first step is to find a partner that can provide the right payment technologies and services to your customers. How a PayFac like Stax can help A business can choose to open a merchant account on their own but the process can be laborious and time-consuming. How exactly can you get your users started with payments?

Merchant Services 88

Merchant Services Payment Services SaaS Payments Payments 88

Stax

AUGUST 26, 2024

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 be approachable, friendly, and easy to understand while also being tech-forward and smart.

Payment Services 88

Payment Services Merchant Services Stax Payment Solutions 88

Natalia Luneva

APRIL 24, 2025

The number of Payment Facilitators (PayFacs) has grown 13.8% PayFac as a Service lets companies add payment processing to their platforms. Key Takeaways PayFac as a Service reduces PayFac setup time from years to days, slashing costs by millions. PayFacs, on the other hand, let businesses use a master account.

Merchant Services 40

Merchant Services PayFac as a Service Payment Services Marketplace as a Service 40

Payrix

MAY 14, 2024

A lot of software companies over the last couple of years and still today are facing a slowdown in new business growth due to market conditions. I mean, we have a PayFac customer right now, that’s transitioning their whole payments model. The other side of it is companies are still faced with challenging market conditions.

Payments 147

Payments Payment Services Payment Solutions SaaS Payments 147

Natalia Luneva

MAY 12, 2025

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. They offer customer service support, too.

Merchant Services 40

Merchant Services Payment Services Payfac SaaS Payments 40

Payrix

FEBRUARY 25, 2025

Tapping into the potential of a tokenization strategy Many software platforms add payments due to investor pressure or customer demand, often without fully considering the long-term implications. Most of his early career was at Worldpay where he held product and strategy-based roles across ecommerce, integrated payments and PayFac.

Payment Services 130

Payment Services Payment Solutions Payments Payment Methods 130