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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. each year since 2018. This is up from $32 billion in 2023.

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How to prepare your software users for merchant underwriting

Payrix

However, for our Payrix partners, we use innovative technology, machine-learning, and automation to streamline the underwriting process, alleviating the pains traditionally associated with the merchant boarding experience. But it doesn’t have to continue like this.

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Software-led payments predictions: A look back on 2024 and insights for 2025

Payrix

Were seeing huge growth around and renewed focus on vertical-specific software adoption, AI and machine learning, Embedded Finance solutions, and user experiences. 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.