So, you want to be a PayFac? As a software platform, you’ve decided that instead of referring merchants to a third-party provider to process payments, you want to offer the service yourself. What now? In Episode Three of the payments facilitator series, Rich Aberman, co-founder...
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....
Payments are an essential element in any business, regardless of size, industry or vertical. Likewise, providing payment capabilities is essential for the software-as-a-service (SaaS) providers, platform businesses and ISVs that enable core business functions. Historically, businesses had two options: Go the payments route alone or...
November 09, 2017
Before the Software as a Service (SaaS) model exploded, a small business (SMB) getting off the ground online had two big, but related, decisions to make: finding software that could help them manage the operations of their business — accounting, hosted shopping carts, reservations, to name but a few — and a payments provider that […]
August 14, 2017
So, you want to be a PayFac? As a software platform, you’ve decided that instead of referring merchants to a third-party provider to process payments, you want to offer the...
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...
May 04, 2017
Payments are an essential element in any business, regardless of size, industry or vertical. Likewise, providing payment capabilities is essential for the software-as-a-service (SaaS) providers, platform businesses and ISVs that...
