PayFac Model 101: Payment Facilitators Explained
Exact Payments
NOVEMBER 8, 2023
A payment facilitator, or PayFac, is a type of merchant services provider (MSP) that equips merchants with payment processing capabilities. In other words, it enables businesses to start processing electronic payments. The other path to PayFac is to buy a PayFac-as-a-Service, or PFaaS, solution.
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