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Payment facilitator (PayFac) A merchant registered by an acquirer to facilitate transactions on behalf of sub-merchants. They provide the infrastructure necessary for their merchants to acceptcreditcardpayments. airline itinerary data, fuel transaction data, itemized purchase data, etc.).
Making it all work together puts a massive strain on the development team. Or, if you want to outsource the entire checkout process, you can choose the web storefront option where your customers will be redirected to a FastSpring website to complete the purchase. Fraud protection. Handling chargebacks. Organizing customer contacts.
Payment facilitator (PayFac) A merchant registered by an acquirer to facilitate transactions on behalf of sub-merchants. They provide the infrastructure necessary for their merchants to acceptcreditcardpayments. airline itinerary data, fuel transaction data, itemized purchase data, etc.).
Look for a payment gateway with developer-friendly and well-documented APIs, SDKs, and plugins that allow you to add the gateway to your eCommerce website, mobile app, or POS system. You dont have to commit to a lengthy contract and you can terminate without paying early termination fees. The percentage ranges from 0.2%
Some also have the bad habit of imposing hidden fees carefully buried in the contract document that can add up over time to eat up your cash flow. Setup fees, chargeback fees, and contract cancellation fees are examples of hidden fees. To make your case, you must first do your research and develop a winning negotiation approach.
Payment Processor: The creditcard processing company handles the processing and batching of purchases made with credit, debit, or gift cardpayments. They typically assist with technology needs and customer service as well, acting as an intermediary to the card associations and banks.
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