Wayne Akey
Recent Posts
2 min read
Payment Facilitation Solutions For Property Management Platforms
Payment Facilitation allows a SaaS application the ability to accept payments on behalf of its end users. The platform users complete a simple application and in minutes can begin accepting credit cards and in some cases ACH Payments.
This ability to onboard clients without having the user apply for a traditional merchant account [that can take days and require supporting documentation like bank statements and tax returns] offers a friction-free onboarding experience.
Payment Facilitation at its core offers instant onboarding of platform users. If that is not an absolute necessity there are alternative that will better meet needs. See Payment Processing Partnerships.
2 min read
Hybrid Payment Facilitation for SaaS Platforms
A Payment Facilitator can be thought of as a Master Merchant that facilitates and processes credit and debit card transactions for their platform users.
2 min read
Managed Payment Facilitation : What is it and is it right for your SaaS?
Managed Payment Facilitation : What is it and is it right for your SaaS
5 min read
The ACH Payment Aggregator Debate: Why Your Business Should Consider a Partnership
For a business owner, selecting the best and most cost-effective method of accepting customer payments can be confusing and overwhelming, particularly as the range of payment options continues to grow.
A payment aggregation solution offers a platform the ability to act as a master merchant and instantly onboard application sub-users. These users can complete a simple form and in minutes begin accepting payments.
3 min read
Reducing Credit Card Declines: How Subscription Billing Management Providers Can Address Business’s Biggest Revenue Threat
The 2019 payments landscape has inherent risks for any SaaS applications.
For example, imagine you are a business owner with 500 customers that you bill $100 per month on a recurring basis. Your business runs and plans based on $50,000 per month coming in the door on a regular basis. It took a long time and a lot of work to get to the point where your business generates that amount of reliable predictable income. You pay salaries, rent, handle plan development, and manage marketing campaigns ALL around that recurring revenue.
2 min read
SMS Payment Provider
SMS Payment Provider | Pay by Text Provider 2019
3 min read
SMS Payment Gateway
4 min read
MarketPlace Payments : What you must know
Looking to leverage or provide MarketPlace Payments? What you must know
1 min read
The role of the Payment Gateway for MarketPlace Payments 2019
The role of the Payment Gateway for MarketPlace Payments
When evaluating technical payment solutions that address the primary needs of a MarketPlace Payment solution the integration to the Payment Gateway plays a vital role in the MarketPlace success. For platforms considering launching or monetizing their MarketPlace payments play a vital role in both the success [or failure] of the platform as well as a primary revenue driver6.
3 min read
Understanding the Benefits of Hybrid Payment Aggregation
The decision to become a Payment Aggregator or Payment Facilitator (Payfac) has massive implications for a SaaS application provider.
3 min read
5 Things You Must Have To Become A Payment Facilitator in 2019
Payment facilitation is the process by which one entity, a master merchant, processes or facilitates payments on behalf of a base of sub merchants.
3 min read
Payment Aggregation: What Can Possibly Go Wrong?
For the SaaS provider, the potential advantages of becoming a Payment Aggregator can be compelling. The Payment Aggregator model can seem very attractive, both for ease of onboarding and potential revenue generation.
6 min read
Payment Aggregation
Becoming a Payment Facilitator, Payment Service Provider [PSP] or Payment Aggregator. 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 software provider classification. However, with the many advantages come some unique challenges. We’ll discuss both in this article.
3 min read
5 Things You Must Have To Become A Payment Aggregator in 2019
Payment aggregation or payment facilitation allows one entity, or master merchant, to process or facilitate payments on behalf of sub merchants.
3 min read
Payment Facilitation: What Can Possibly Go Wrong?
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.
2 min read
Why the Payment Facilitator Business Model is Compelling
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].
4 min read
Payment Facilitation and MyEvent.com : An interview with Rob Hirscheimer
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.
4 min read
Payment Facilitation and Property Management SaaS applications
3 min read
Two key ways Payment Facilitation can change your business. Why SaaS platforms should consider becoming a PayFac.
Payment facilitation, or 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.
4 min read
So You Want To Be a Payfac? The Number One Question You MUST Ask
So you want to be a PayFac? The 1 question you must answer
3 min read
Another Reason for SaaS platforms to become a PayFac or Payment Facilitator
We get frequent inquiries from SaaS platforms and start ups about becoming a PayFac or Payment Facilitator.
3 min read
Is Frictionless Onboarding Worth the Risk?
If you’ve considered becoming a Payment Facilitator (PayFac) for your SaaS customer base, you’re familiar with the term “KYC,” or Know Your Customer. As the payment processing industry continues its trend of explosive growth, however, KYC might be more accurately termed “CYA.”