ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators
Stax
FEBRUARY 15, 2024
In the ISO model, an ISV partners with a third party that handles merchant account setup, payment processing, risk, and compliance. The ISV has little control over the end user’s payment experience or the processing costs. Now, there are two ways that a software service provider can become a payments provider.
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