Remove CRM Remove Software & Service Providers Remove Underwriting
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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. SMBs get access to payment processing services without the need for individual merchant accounts.

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What Is an ACH Payment Facilitator?

Stax

After this, it usually takes about 3-5 days to get approvals post the underwriting process. To offer great customer experiences and maintain KYC records, crafting a tailored interface with a robust CRM system is important. On the other hand, applying for a traditional merchant account requires submitting extensive documentation.

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