Agile Payments Blog

Wayne Akey

Wayne Akey works collaboratively with SAAS providers whose clients have recurring billing needs to create innovative payment solutions and new revenue streams. He has partnered with dozens of software providers to create integrated payment solutions that solve recurring billing problems and generate significant recurring revenue. He has experience in: ACH Processing | Payment Partnerships | Payment Gateway Integration | Credit Card Decline Mitigation | Payment Aggregation. Wayne is the author of “Explode SAAS Revenue by 84%: A Guide to Geometric Growth using Integrated Payment Processing”. To learn how your software application can become a billing solution for your users as well as generate additional revenue streams, contact Wayne today at wakey@agilepayments.com. We guarantee you will learn how to improve revenue per client by at least 10% or we will donate $500 to the charity of your choice.

Recent Posts

2 min read

SMS Payment Provider

By Wayne Akey on May 13, 2019 3:25:07 PM

SMS Payment Provider | Pay by Text Provider 2019

Topics: IVR Payments
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3 min read

SMS Payment Gateway

By Wayne Akey on Apr 29, 2019 7:48:38 AM

SMS Payment Gateway Solutions | Pay by Text Payment GatewaySolutions 2019
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4 min read

MarketPlace Payments : What you must know

By Wayne Akey on Apr 17, 2019 9:43:00 AM

Looking to leverage or provide MarketPlace Payments? What you must know

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2 min read

MarketPlace Payment Solution Challenges

By Wayne Akey on Apr 16, 2019 9:42:17 AM

MarketPlace Payment Solutions

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1 min read

The role of the Payment Gateway for MarketPlace Payments 2019

By Wayne Akey on Apr 15, 2019 10:41:15 AM

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.

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3 min read

Understanding the Benefits of Hybrid Payment Aggregation

By Wayne Akey on Mar 21, 2019 2:05:00 PM

The decision to become a Payment Aggregator or Payment Facilitator (Payfac) has massive implications for a SaaS application provider.

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3 min read

5 Things You Must Have To Become A Payment Facilitator in 2019

By Wayne Akey on Mar 21, 2019 9:46:00 AM

Payment facilitation is the process by which one entity, a master merchant, processes or facilitates payments on behalf of a base of sub merchants.

Topics: payfac
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3 min read

Payment Aggregation: What Can Possibly Go Wrong?

By Wayne Akey on Mar 21, 2019 9:00:00 AM

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.

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6 min read

Payment Aggregation

By Wayne Akey on Mar 20, 2019 3:41:00 PM

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.

Topics: White Papers
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3 min read

5 Things You Must Have To Become A Payment Aggregator in 2019

By Wayne Akey on Mar 20, 2019 2:14:00 PM

Payment aggregation or payment facilitation allows one entity, or master merchant, to process or facilitate payments on behalf of sub merchants.

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3 min read

Payment Facilitation: What Can Possibly Go Wrong?

By Wayne Akey on Mar 19, 2019 12:22:10 PM

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.

Topics: payfac
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2 min read

Why the Payment Facilitator Business Model is Compelling

By Wayne Akey on Mar 19, 2019 12:15:54 PM

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].

Topics: payfac
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4 min read

3 Ways to Become an ACH PayFac

By Wayne Akey on Mar 19, 2019 12:14:48 PM

 

 

Topics: payfac
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4 min read

Payment Facilitation and MyEvent.com : An interview with Rob Hirscheimer

By Wayne Akey on Mar 19, 2019 12:14:04 PM

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.

Topics: payfac
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4 min read

Payment Facilitation and Property Management SaaS applications

By Wayne Akey on Mar 19, 2019 12:13:30 PM

 

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3 min read

Two key ways Payment Facilitation can change your business. Why SaaS platforms should consider becoming a PayFac.

By Wayne Akey on Mar 19, 2019 12:12:04 PM

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.

Topics: payfac
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4 min read

So You Want To Be a Payfac? The Number One Question You MUST Ask

By Wayne Akey on Mar 19, 2019 12:10:44 PM

So you want to be a PayFac? The 1 question you must answer

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3 min read

Another Reason for SaaS platforms to become a PayFac or Payment Facilitator

By Wayne Akey on Mar 19, 2019 12:09:52 PM

We get frequent inquiries from SaaS platforms and start ups about becoming a PayFac or Payment Facilitator.

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3 min read

Is Frictionless Onboarding Worth the Risk?

By Wayne Akey on Mar 18, 2019 12:50:00 PM

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.”

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3 min read

Looking to become a Payment Facilitator as an SaaS application?

By Wayne Akey on Mar 18, 2019 12:34:00 PM

Steps to becoming a Payment Facilitator are outlined below.

Topics: payfac
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9 min read

Why Every SaaS Platform Should Consider Becoming a PayFac

By Wayne Akey on Mar 18, 2019 12:31:00 PM

EXECUTIVE SUMMARY

SaaS platforms and Software vendors have a unique opportunity. Whether you already offer some type of payment collectionoption or have an application that has the potential to leverage payments there has never been a better time to explore your options.

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2 min read

3 Sure Signs that becoming a Payment Facilitator IS NOT for Your SaaS App

By Wayne Akey on Mar 18, 2019 12:24:00 PM

Payment facilitation or payment aggregation allows one entity, the master merchant, to process or facilitate payments for a base of sub-merchants. For SaaS providers these are typically application end users or customers.

Topics: payfac
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2 min read

ACH Transfer API - 2019 Guide

By Wayne Akey on Feb 25, 2019 2:26:53 PM

How can an ACH Transfer API help your business or SaaS?

An ACH Transfer API provides an additional payment option: Using the ACH network allows a business to debit or credit checking and savings accounts.

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2 min read

P2P Payment Apps and Challenges

By Wayne Akey on Jan 29, 2019 12:14:30 PM

We receive regular inquiries from start-ups as well as established businesses that believe they have a killer app that can be the next Venmo or Zelle.

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2 min read

Payment Facilitation Problems: What you should know about potential funding issues

By Wayne Akey on Jan 8, 2019 2:14:17 PM

Payment Facilitation Problems: What you should know about potential funding issues

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