It happens on a regular basis; prospective clients contact us because they have a SaaS application in development, usually nearing launch, and they need a solution to pay-out to people or companies that serve a role within the application's ecosystem, but who are not the primary beneficiary of the funds received from a credit card payment.
3 min read
Payment Integration Mistakes - The MSB Factor
By Gene Krause on Feb 11, 2022 2:02:59 PM
2 min read
PayFac as a Business Model
By Wayne Akey on Sep 7, 2021 3:52:20 PM
PayFac or Payment Facilitation enables software platforms to both brand and monetize payment processing offerings while at the same time offering instant, hassle-free customer payments onboarding.
4 min read
How Software Platforms Can Leverage Payment Facilitation As A Service To Gain Clients And Create New Revenue Streams
By Wayne Akey on Mar 16, 2020 8:51:18 AM
1 min read
How Payment Facilitation as as Service can power revenue growth for SaaS platforms
By Agile Payments on Jan 15, 2020 9:30:00 AM
How Payment Facilitation as as Service can power revenue growth for SaaS platforms
3 min read
Payment Facilitation Providers
By Wayne Akey on Jan 9, 2020 1:45:50 PM
Payment Facilitator Provider: Who do you work to become a Payment Facilitator?
A Payment Facilitator or PayFac acts as a the Master Merchant. The Payment Facilitator role is to quickly and easily onboard their sub merchants or SaaS platform users to facilitate credit, debit card and in some case ACH transactions for participants in their payment ecosystem. The Payment Facilitator is responsible for regulatory compliance and has financial risk of their sub-users.
In the past the only Payment Facilitator Provider offering was to become a “True PayFac”. Becoming a true Payment Facilitator is expensive, time consuming and requires staffing to meet compliance and risk mitigation demands. In essence you become a payment business in addition to to your core SaaS offering.
2 min read
Payfac Companies
By Wayne Akey on Jan 9, 2020 1:25:35 PM
Payment Facilitator Companies
A Payment Facilitator takes on the role of the Master Merchant. The primary benefit to becoming a Payment Facilitator is that you can quickly and easily enroll your app users and enable processing of credit, debit card and in some case ACH transactions .
As an example: A SaaS offers an invoicing solution eg QBooks. Businesses that want to leverage their invoicing 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 “Best Landscapers”. They applied and are now approved and ready to bill/invoice there customers using the QBooks platform.
2 min read
Payment Facilitator versus Payment Processor
By Wayne Akey on Jan 9, 2020 1:24:43 PM
Payment Facilitator versus Payment Processor : What’s the Difference
3 min read
Payment Facilitator Program
By Wayne Akey on Jan 9, 2020 1:23:46 PM
Payment Facilitator Programs
Payment Facilitators [Payfacs] are Master Merchants that process credit and debit card transactions for their sub-merchants within their payment application.
2 min read
Payment Facilitator Tools
By Wayne Akey on Jan 9, 2020 1:22:07 PM
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.
3 min read
Payment Facilitator or Payments Partnership? Which option is the better fit for your SaaS
By Coleman Akey on Jan 9, 2020 1:20:44 PM
SaaS companies that offer payment processing solutions must decide whether of not become a Payment Facilitator or engaging in a Payments Partnership is the most viable solution for their business. Neither is
2 min read
Managed Payment Facilitation and HealthCare Applications
By Wayne Akey on Sep 26, 2019 1:16:53 PM
2 min read
Payment Facilitation Solutions For Property Management Platforms
By Wayne Akey on Sep 20, 2019 7:32:00 AM
Payment Facilitation allows a SaaS application the ability to accept payments on behalf of its end users. The platform users complete a simple application and in minutes can begin accepting credit cards and in some cases ACH Payments.
This ability to onboard clients without having the user apply for a traditional merchant account [that can take days and require supporting documentation like bank statements and tax returns] offers a friction-free onboarding experience.
Payment Facilitation at its core offers instant onboarding of platform users. If that is not an absolute necessity there are alternative that will better meet needs. See Payment Processing Partnerships.
2 min read
MarketPlace Payment Solution Challenges
By Wayne Akey on Apr 16, 2019 9:42:17 AM
MarketPlace Payment Solutions
1 min read
MarketPlace Payments and the Merchant of Record: What does it mean?
By Agile Payments on Apr 15, 2019 9:47:00 AM
MarketPlace Payments and the Merchant of Record: What does it mean?
2 min read
What is a Managed PayFac?
By Coleman Akey on Mar 19, 2019 2:09:00 PM
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
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.
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.
2 min read
Payment Facilitator Provider
By Wayne Akey on Dec 18, 2018 12:26:29 PM
Payment Facilitator Provider
Payment Facilitators [Payfacs] act as Master Merchants that process credit and debit card transactions for their sub-merchants within their payment application. Typically a Payment Facilitator would be a software platform that serves a specific vertical market eg Event ticketing.
2 min read
Payment Facilitating : What is it and can it help your SaaS platform
By Wayne Akey on Dec 13, 2018 10:44:35 AM
A Payment Facilitator or PayFac assumes the role of Master Merchant. Payment Facilitating allows the Master Merchant to quickly and easily onboard their sub merchants or in the case of a SaaS platform Payment Facilitating allows platform users to the ability to accept credit, debit card and in some case ACH transactions for participants in their payment ecosystem.
1 min read
Is Payment Facilitation a Good Option For SAAS or Platform
By Wayne Akey on Dec 6, 2018 1:07:02 PM
Is Payment Facilitation a good option for your SAAS or Platform?
2 min read
Why a SAAS platform can become a Payment Facilitator but WILL NOT be the next Stripe
By Agile Payments on Dec 4, 2018 11:22:24 AM
Why a SAAS platform can become a Payment Facilitator but WILL NOT be the next Stripe
2 min read
Payment Facilitator Systems
By Wayne Akey on Oct 18, 2018 8:44:03 AM
Payment Facilitator Systems
A Payment Facilitator assumes the role of the Master Merchant. 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 .
Let’s use an example: A SaaS offers an invoicing solution eg MyBooks. Businesses that want to leverage their invoicing 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 “Best Landscapers”. They applied and are now approved and ready to bill/invoice there customers using the MyBooks platform.