Remove Banking Remove Onboarding Remove PayFac as a Service
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Essential Guide to ISV Integrated Payments: Benefits and Best Practices

Stax

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). This involves: Merchant onboarding: Collecting business details and verifying accounts so your users can start accepting payments.

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PayFac as a Service: What Is It and How to Offer It

Natalia Luneva

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. This makes onboarding much faster, often in just hours.

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How to prepare your software users for merchant underwriting

Payrix

One point of consideration is the merchant underwriting process and the onboarding experience you’re creating for your customers. Step 5: Onboarding and implementation The merchant onboarding and implementation begins.

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Payment facilitation and risk management: What do vertical software companies need to know?

Payrix

We will explore the risk s in more detail in the next section. What is PayFac-as-a-Service? In between referral partnership and PayFac is PayFac-as-a-Service. When false merchants onboard onto your platform, they can hit you pretty hard and fast, and the financial damage can add up quickly.

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Master merchant: Definition, types, and examples

Payrix

This setup is commonly used in marketplaces, software platforms, or businesses that facilitate payments for a network of sellers, service providers, or smaller businesses. The master merchant simplifies the onboarding process for sub-merchants by handling the complexities of payment integration, security requirements, and compliance.

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Glossary: 117 software-led payments terms to know

Payrix

Association Group of card-issuing banks or organizations that set common transaction terms for merchants, issuers, and acquirers. Card brands Member-based corporations that connect consumers, businesses, and banks through electronic payments; establish and enforce rules amongst members; and promote the brands (e.g.,