Becoming a Payment Aggregator
A Payment Aggregator or Facilitator [Payfac] can be thought of as being a Master Merchant-facilitating credit, debit card and ACH transactions for sub-clients within their payment ecosystem. The Payment Aggregator can quickly onboard a new merchant (typically a user of the SaaS offering) and they can begin accepting payments almost immediately. The Payment Aggregation model is particularly attractive to SaaS platforms that offer some form of payments acceptance where the ability to onboard a new user in a simple, unobtrusive way becomes a client acquisition tool.