Payment Facilitator vs Payment Gateway: Key Differences and Similarities
Stax
JANUARY 22, 2024
In this article, we’ll dive into the intricacies of two types of players in the eCommerce ecosystem: payment gateways and payment facilitators. The high-level difference is when and how to deploy them as part of the payment process. A PayFac, by contrast, handles the bank’s interaction with a number of merchants.
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