Agile Payments Blog

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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3 min read

Why the Payment Aggregator Business Model is Compelling

By Gene Krause on Mar 21, 2019 8:00:00 AM

Payment Aggregation, or Payment Facilitation (Payfac), allows a SaaS company to act as a master merchant for its users. The SaaS provider onboards its clients via a fairly non-intrusive application process, and this easy, fast onboarding makes it simple for the SaaS company’s users to begin accepting customer payments very quickly.

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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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Payment Aggregation

By Agile Payments News on Mar 20, 2019 2:20:00 PM

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 software provider classification. However, with the many advantages come some unique challenges.

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3 min read

Checklist for Finding the Best Payment Aggregation Partner

By Gene Krause on Mar 20, 2019 2:16:00 PM

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.  

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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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2 min read

What is a Managed PayFac?

By Coleman Akey on Mar 19, 2019 2:09:00 PM

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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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5 min read

Why WePay is Wrong About PayFac ROI

By Gene Krause on Mar 19, 2019 12:12:42 PM

Recently, PYMNTS, a leading payments and commerce industry news site published a piece on PayFacs based on an interview with WePay co-founder Richard Aberman.

Hyperbole aside, we want to examine Mr. Aberman’s view and provide some balance to the conversation for companies exploring payment facilitation.

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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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2 min read

Managed Payfac Solutions

By Coleman Akey on Mar 19, 2019 12:08:41 PM

Businesses that are Payment Facilitators [Payfacs] are in essence Master Merchants that process credit and debit card transactions for their sub-merchants within their payment application.

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2 min read

Where are the ACH API Providers?

By Gene Krause on Mar 18, 2019 2:40:00 PM

ACH API Providers are organizations that provide an API for the purpose of integrating a software application to originate and manage ACH transactions. 

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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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4 min read

7 Must-Haves in a Payment Facilitation Partner

By Gene Krause on Mar 18, 2019 12:40:00 PM

As the idea of Payment Facilitation gains traction, more and more SaaS companies are exploring becoming a PayFac. Conceptually, it is an attractive feature to introduce: fast, easy, onboarding and new means of revenue generation. In fact, independent software vendors and SaaS companies are poised to generate $4.4 billion in revenue from payment processing alone by 2021.

There exists a number of issues that need consideration prior to becoming a Payment Facilitator or Payfac, however.  While the benefits of facilitation are clear, companies cannot overlook the essentials of selecting a facilitation partner. The nature of your partnership will be key in ensuring appropriate customer service, profit generation and risk or liability mitigation.

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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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