For SaaS applications with payment needs, eg Rentlee, a landlord platform offering rent collection, Payment Facilitation as a Service allows the platform to act as a master merchant account. This allows landlords to be set up as sub-accounts and begin accepting rent payments instantly. In the past Rentlee would have had to spend hundreds of thousands of dollars and 6+ months to register with the card associations to act as a true Payment Facilitator.
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How does a Software Platform make money from Payment Facilitation As A Service?
Topics:
hybrid payment facilitation
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Top 5 Things To Look For In Your Payment Facilitation as a Service Provider Search
Top 5 Things to look for in your Payment Facilitation as a Service Provider Search
Topics:
hybrid payment facilitation
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Payment Facilitator or Payments Partnership? Which option is the better fit for your SaaS
SaaS companies that offer payment processing solutions must decide whether or not becoming a Payment Facilitator or engaging in a Payments Partnership is the more viable solution for their business. Neither option is “better” per se, the pros and cons of each must be weighed against your expectations for your business. First, we must understand what it means to become a Payment Facilitator (PayFac) or to engage in a Payments Partnership.
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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.
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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.
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Payment Facilitation Problems: What you should know about potential funding issues
Payment Facilitation Problems: What you should know about potential funding issues
Topics:
hybrid payment facilitation
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