3 min read
5 Things You Must Have To Become A Payment Facilitator in 2021
Payment facilitation is the process by which one entity, a master merchant, processes or facilitates payments on behalf of a base of sub merchants.
Payment Aggregation
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.
3 min read
Checklist for Finding the Best Payment Aggregation Partner
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.
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
5 min read
Why WePay is Wrong About PayFac ROI
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.
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.
2 min read
Managed Payfac Solutions
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.
4 min read
7 Must-Haves in a Payment Facilitation Partner
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.
3 min read
Looking to become a Payment Facilitator as an SaaS application?
Steps to becoming a Payment Facilitator are outlined below.
9 min read
Why Every SaaS Platform Should Consider Becoming a PayFac
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.
2 min read
3 Sure Signs that becoming a Payment Facilitator IS NOT for Your SaaS App
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.
