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Payment processor: Definition, types, and examples

Payrix

What is a payment processor? A payment processor facilitates the flow of transactions typically made with credit cards, debit cards, and other digital payments. But at the most basic level, this is how the payment processor is involved in a credit card transaction: 1.

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Payment Facilitator: Definition, FAQ, and examples

Payrix

What is a payment facilitator? A payment facilitator (or PayFac) is a software platforms all-in-one payment processing solution. Instead of your customers needing to create their own merchant account to process payments, you as the PayFac developer handle all the payments setup and complexity for them.

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Glossary: 117 software-led payments terms to know

Payrix

Interested in learning more about software-led payments or joining the current Embedded Payments conversations in your organization? This blog post is your ultimate guide to understanding the most used payments terms today. This blog post is your ultimate guide to understanding the most used payments terms today.

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Best Credit Card Processing Companies

The Daily Egg

Every business that accepts credit cards needs to have a processing company to facilitate these transactions. Whether you’re selling online, in-person, over the phone, or on-the-go, businesses across all industries must use a payment processing service. This can make it challenging to find the […].

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How Becoming a Payment Facilitator Improves Your Merchant’s Experience

How does becoming a payment facilitator help them achieve this? Many business-to-business software companies were founded for a single, fundamental purpose: to improve the business solutions available to a certain industry or vertical.

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Frequently Asked Questions: Integrated Payments for Software Companies

USIO

Here are some of the most FAQs software companies ask Usio about integrated payments, along with comprehensive answers to help you navigate this critical aspect of your business. What are integrated payments? Why should my software company consider integrating payments? What types of payment methods can be integrated?

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Optimizing the Healthcare Payment Process: 4 Key Opportunities for CRMs, ERPs, and ISVs

USIO

For most businesses, the payment process is relatively straightforward. But in healthcare, payments are more complexlayered with government programs, private insurers, co-pays, and patient responsibility. Your software plays a critical role in streamlining that process.

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5 Myths - and the Truth - About Becoming a Payment Facilitator

Being a payment facilitator is not for everybody. But the single biggest factor that gets in the way of becoming a payment facilitator is the obfuscation (lies, to tell the truth) circulating within the industry about what it takes to be a PF. The timing might be wrong.

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Payments 101 Webinar: Demystifying Payments

Speaker: Tracie Poland and Ted Vandeburg

For lots of people, accepting payments looks complicated. So much jargony talk about things like processors and interchange, right? Then you’re in a better position to look at your options and see how you can really take advantage of what payments have to offer your company. We don’t think this should be hard.

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Compliance 101: What You Need to Know as a Payfac

Payment facilitators are obligated to follow rules and regulations from the multiple entities that govern the payments ecosystem. Compliance is achieved by implementing the appropriate processes needed to adhere to these rules and remaining aware of changing conditions.

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Your Guide to Embedded Payments

Right now, the embedded payments conversation can be downright confusing. Part of the reason for this owes to the sheer volume of terms used to describe some of the approaches within the space, like payfac, payment facilitator, merchant of record (MOR), embedded payments, software-led payments––and that's just to name a few.

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PayFac vs. ISO: What Is the Optimal Integrated Payment Strategy in SaaS?

Our comprehensive article delves into the merits and challenges of Payment Facilitators (PayFac) versus Independent Sales Organization (ISO) registration. Delve deeper into issues of scalability, compliance, and setup. Equip your business with the knowledge to choose the right payment strategy.

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How Investors & Strategic Buyers Evaluate Integrated Payment Strategies

Explore how integrated payment strategies impact investor and buyer evaluations. Payments are more than a feature — they’re a key to long-term success and market differentiation. They help SaaS companies offer seamless user experiences and efficient operations.

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Is Your Partnership Toxic?: Evaluating Integrated Payments Partnerships in SaaS

Is your integrated payments partnership maximizing your software company’s value or stifling its growth? Discover whether your payment processor is a true collaborator or a limitation on your company's aspirations by delving into our informative article.

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Get More Help With Merchant Onboarding and Get Payments Going Your Way

As software companies become a larger part of the payments world, you will have to determine how much of a role you want to play and how far up the payments revenue food chain you want to go.