ACH PayFac Providers, short for Automated Clearing House Payment Facilitators, are entities that have streamlined the process for businesses to accept electronic payments directly from bank accounts. A Payment Facilitator essentially acts as a master merchant, facilitating transactions on behalf of sub-merchants. They are an integral link between merchants, customers, and financial institutions, managing the […]
Payment Facilitator Solutions are often a great fit for SaaS platforms.HealthCare applications with payment solutions are often interested in Payment Facilitation because of the frictionless onboarding experience.
Becoming a Payment Facilitator, Payment Service Provider [PSP] or Payment Aggregator. In Payment Aggregation, being a Payment Facilitator can be thought of as being a Master Merchant, facilitating credit and debit card transactions for sub-merchants within your payment ecosystem. Becoming a PSP (also known as PayFac) lends itself well to some businesses that fall into […]
The number of SaaS companies looking into payment processing on behalf of their customers is growing rapidly. More and more companies are looking at Payment Aggregation | Payment Facilitation as an attractive option to provide a service that offers fast, easy onboarding for their customers and generate new revenue streams in the process.
For the SaaS provider, potential advantages in becoming a Payment Facilitator (aka Payment Aggregation) are compelling: payment facilitation drives ease of client onboarding and unlocks a new stream of revenue generation.
Payment facilitation, or operating as a “PayFac” allows a SaaS company to act as a master merchant for its client base. The SaaS provider onboards clients via a non-intrusive application process — making it simple for the user base to quickly begin accepting customer payments by credit card or ACH Payments [some providers offer].
An interview with MyEvent.com. Early adopters of the PayFac business model MyEvent.com has successfully implemented payment facilitation and used it to grow their business and acquire new clients.
Payment Facilitator Solutions are often a great fit for SaaS platforms.HealthCare applications with payment solutions are often interested in Payment Facilitation because of the frictionless onboarding experience.
MarketPlace Payment Solutions
Payment facilitation is the process by which one entity, a master merchant, processes or facilitates payments on behalf of a base of sub merchants.
The number of SaaS companies looking into payment processing on behalf of their customers is growing rapidly. More and more companies are looking at Payment Aggregation | Payment Facilitation as an attractive option to provide a service that offers fast, easy onboarding for their customers and generate new revenue streams in the process. 
An interview with MyEvent.com. Early adopters of the PayFac business model MyEvent.com has successfully implemented payment facilitation and used it to grow their business and acquire new clients.