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

Stax

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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What Is an ACH Payment Facilitator?

Stax

ACH transactions are one of the fastest-growing modes of electronic payments in the world due to the convenience they offer, low processing costs, and enhanced security. These regulations include guidelines for transaction processing, data security standards, and customer authentication practices.

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