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5 ISV Partner Program Considerations SaaS Companies Should Keep in Mind

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An ISV partner is a software vendor that partners with an ISV and provides additional services or technology. However, the significance of selecting the right ISV partner program for cloud services or SaaS companies can’t be overstated. Participating in ISV partner programs offers several advantages.

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ISVs vs SaaS: What’s the Difference?

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Independent Software Vendors (ISVs) and Software-as-a-Service Providers (SaaS) operate within the same market, thus creating a push-and-pull revenue dynamic. Some well-known examples are Adobe, a design and creator platform, Autodesk, a leading construction management system; and Meditech, a healthcare information systems solution.

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What Is an ACH Payment Facilitator?

Stax

The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. PayFacs typically partner with a payment processor or a bank to provide merchant services.

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What are Merchant Accounts and How Do They Work?

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In this blog, we’re going to explain how merchant accounts work in both eCommerce and offline settings and what businesses need to consider when selecting a merchant services provider. A merchant account refers to a business bank account that allows businesses to accept electronic payments for goods and services. Chargeback fees.

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Payment Facilitator vs Payment Gateway: Key Differences and Similarities

Stax

Consider the following: Merchants are the sellers, businesses, or service providers seeking payment for their offerings. The payment gateway acts as a virtual bridge, securely transmitting payment information between the merchant, customer, and acquiring bank. What is a Payment Gateway? This is the payment gateway.

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Understanding Risk Management Strategies as a PayFac

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Reputational risks Risks associated with things like data breaches, poor customer service, company controversies, etc. Merchant onboarding and vetting procedures To authenticate prospective sub-merchants, PayFacs must collect all relevant information about their business—in line with all applicable laws and regulations.

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What’s the Best Payment Processor for Small Business?

Stax

Beyond compliance, look for processors that offer advanced security features like tokenization and encryption, which add layers of protection to payment information. This initial interaction can provide valuable insight into the level of service you can expect once you become a customer.