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Understanding Risk Management Strategies as a PayFac

Stax

Businesses must therefore adapt and be able to accept such payments. Two of the most popular payment solution providers for businesses looking to accept digital payments are payment processors and payment facilitators (PayFacs). This makes it much easier and quicker for businesses to start accepting payments.

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The Ultimate Guide to Ecommerce Payment Solutions

Stax

Like most business owners, your instincts tell you to hop on the bandwagon and launch an online store for your business. From different types of online payment gateways and key features to look for, to tips to help you choose the right payment solution for your business and implement it. This is expected to grow to 22.6%

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Stax Celebrates 10 Years: Looking Back at a Decade of Growth and Payment Innovations

Stax

To the incredible Stax community: allow us to take a moment to recognize a milestone that we are extraordinarily proud of—our 10th anniversary. Sprinkled throughout this article are quotes from some of Stax’s long-standing employees, because who better to tell the company’s story than the people who help make it happen?

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Understanding Risk Management Strategies as a PayFac

Stax

For SaaS companies, becoming a payment facilitator (or PayFac) offers a ton of advantages—including but not limited to—boosting retention and profitability while exercising greater control over the customer experience. However, several complex types of risks come along with this. could also be classified as operational risks.

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How to Maintain Anti-Money Laundering Compliance as a PayFac

Stax

For obvious reasons, the issue is even more pronounced for businesses in the financial services industry such as insurance companies or money services businesses. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). of global GDP. Let’s get started.

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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

The writing on the wall is clear—businesses need to start accepting digital payments and software providers need to start offering payment services one way or another. In this article, we’ll break down two popular terms used in the payment processing industry—ISV and PayFac —and see what they exactly mean. What Is an ISV vs PayFac?

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What Is an ACH Payment Facilitator?

Stax

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.