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An overview of the Payrix Embedded Payments solution Embedded Payments come in various forms, but customers of Payrix have specifically sought out our PayFac-as-a-Service solution for its perfect balance of customization, control, and time-to-value.
Before we dive into the risks associated with payments, let’s review why embedding payments is good for SaaS businesses and the three payment processing solutions available to software companies today. What are the benefits of adding payments to vertical software? In between referral partnership and PayFac is PayFac-as-a-Service.
Step 2: Review application The underwriter will review your merchant’s submitted application. The time it will take for them to complete their review may depend on a variety of factors, and it can take a few days up to a few weeks. In the next section, we touch upon these specific documents.
Point-to-point encryption (P2PE) Technology standard created to secure electronic financial transactions. Terms related to integrated payment technology Application programming interface (API) A set of routines, protocols, and tools that are used for building software applications. eCheck, PayPal, etc.)
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