Agile Payments Blog

Top 75 SaaS Blog.png

Payment Facilitator Tools

Payment Facilitator Tools

A Payment Facilitator takes on the role of Master Merchant. This allows them to set up their application users to accept payments. The major benefit to becoming a Payment Facilitator is to quickly and easily onboard sub clients or SaaS platform users to facilitate credit, debit card  and in some case ACH transactions .

An example: A SaaS offers an business management solution for Yoga Studios. The software is call Yoga101.  Yoga 101 uses Payment Facilitator Tools to allow quick sign up and provide payout and compliance functionality.

Studios that want to leverage their solution complete a simple application and 15 minutes or so later they are approved and set up to accept customer payment. For our example let’s say the business name is “B

est Yoga Studio”.  They applied to be a sub merchant of Yoga101 and are now approved and ready to bill/invoice there customers using the Yoga101 platform.

They bill their customer an invoice for a $100 recurring payment.Best Yoga will not  be funded the entire $100. The payment fees are taken from this so they might see $96.80 assuming a 2.9% and 30 cent proc

essing fee.

Yoga101 would receive a portion of the $3.20 fee being assessed. The amount will vary but a typical amount could be 40 cents.

So you have two attractive components: first the ease of enrolling a new client and second a revenue stream from every payment processed.

What are Payment Facilitator Tools?

In summary your search for a Payment Facilitator Tools should start with a conversation.Our strength is creating partnerships that help your business be more profitable.

That’s a question best answered by having a conversation with you guessed it: Agile Payments

Contact us today

Follow me

Wayne Akey

Wayne Akey works collaboratively with SAAS providers whose clients have recurring billing needs to create innovative payment solutions and new revenue..

Contact Us

Follow Us On Social!

Subscribe to Our Blog – Strategies and Insights for SaaS