FinTech innovators love the payment facilitator (PayFac), a shift that WePay co-founder Rich Aberman outlined in Episode 1 of the Payment Facilitators series with Karen Webster, CEO of PYMNTS. These “master merchants” act as Independent Sales Organizations (ISOs), going between sponsor-acquirers and a portfolio of sub-merchants....
August 02, 2017
FinTech innovators love the payment facilitator (PayFac), a shift that WePay co-founder Rich Aberman outlined in Episode 1 of the Payment Facilitators series with Karen Webster, CEO of PYMNTS. These “master merchants” act as Independent Sales Organizations (ISOs), going between sponsor-acquirers and a portfolio of sub-merchants. But what sets a PayFac apart from a merchant of […]
July 29, 2024
Payments processing startup Lemon Squeezy has been acquired by Stripe. Lemon Squeezy announced the acquisition on its blog last week, saying the deal marks a culmination of a relationship that began when the company was founded in 2021. “Along the way, we received many acquisition offers and (Series A) term sheets from investors,” the blog […]
