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Welcome to Payfac-as-a-service. For far too long, options like Stripe and Braintree have had a monopoly on the market, and have charged far too much for their services. For far too long, options like Stripe and Braintree have had a monopoly on the market, and have charged far too much for their services.
Payment facilitation-as-a-Service (PayFac-as-a-Service) For those not quite ready to become a full PayFac but interested in more control over the payment experience than the referral partnership offers, this model can become the perfect ‘sweet spot.’ How can software companies embed payments?
Their journey as an ISV began as a referral partnership with a third party but as they continued to build out their payments strategy, shifted to implement a PayFac-as-a-Service model that would grow their revenue potential. Perched in the middle of those two models is payment-facilitation-as-a-service (PayFac-as-a-Service).
If you’re still on the fence about how Embedded Payments can advance your organization, delight customers, and make your software offering more competitive, check out this blog post that explains what Embedded Payments are and how they benefit software companies. What payment models are available to SaaS companies?
04 Examples of integrated payments Share: Explore more blogs Podcast Breaking down tokenization strategy for software companies | Episode 48 As software companies look to integrate payments, understanding tokenization is essential for security, compliance, and long-term strategy.
Embedded Payments Embedded Payments include three types of payment models that SaaS platforms use to manage their transactions: integrated payments or referral partnerships, PayFac-as-a-service, and payment facilitation, or PayFac.
For more information on what merchant underwriting is, check out our blog: The essential elements of merchant underwriting for software companies. Merchant underwriting is a risk evaluation that every merchant must go through before they can accept electronic payments.
02 Prediction #2: Payments fraud is increasing, there will be a continued focus on support and services to help software companies mitigate threats. Listen now Events Driving growth through seamless payments implementation Watch this on demand webinar to learn strategies for a friction-free launch of PayFac-as-a-Service.
02 Whats the relevance of a master merchant in software-led payments and financial services? Listen now Events Driving growth through seamless payments implementation Watch this on demand webinar to learn strategies for a friction-free launch of PayFac-as-a-Service.
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? This blog post is your ultimate guide to understanding the most used payments terms today. Youve come to the right place.
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