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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

ISVs create software platforms for various industries, including business management, healthcare, and finance. Now, there are two ways that a software service provider can become a payments provider. Salesforce’s CRM is ubiquitous and as of 2023, it has a 23.8% market share in the CRM software industry.

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What Is an ACH Payment Facilitator?

Stax

To offer great customer experiences and maintain KYC records, crafting a tailored interface with a robust CRM system is important. Besides, recording customer payment information manually is time-consuming and in huge volumes, simply impossible! Unsuccessful transactions Failed transactions are a huge menace to SaaS companies and ISVs.

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