Remove Marketplace as a Service Remove PayFac as a Service Remove Payment Features
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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% For businesses, this means they can use payment systems without starting from scratch. PayFac as a Service lets companies add payment processing to their platforms. This turns payments into a way to make money, not just a cost.

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Master merchant: Definition, types, and examples

Payrix

The master merchantis the primary account holder for a payment processing system, overseeing and managing multiple subordinate accounts, often referred to as sub-merchants. This setup is commonly used in marketplaces, software platforms, or businesses that facilitate payments for a network of sellers, service providers, or smaller businesses.

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Glossary: 117 software-led payments terms to know

Payrix

They provide the infrastructure necessary for their merchants to accept credit card payments. They underwrite and onboard the sub-merchants and provide them with the products and services required to process electronic payments. eCheck, PayPal, etc.)