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PayFac Model 101: Payment Facilitators Explained

Exact Payments

NOVEMBER 8, 2023

Key Takeaways: Payment facilitators are merchant service providers that enable merchants to process payments electronically. Unlike traditional merchant service providers that resell payment processing, PayFacs own processing accounts and underwrite and onboard sub-merchants under their accounts.

Facilitators 52
Facilitators ISVS ISOs Payment APIs and Integration 52
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How Payment Facilitation Works: An Overview for SaaS Providers

Exact Payments

OCTOBER 30, 2023

Payment processing refers to the digital transfer of funds between a merchant‘s bank account and a customer’s bank account. Merchant services providers Merchant services providers (MSPs) equip merchants with all the tools they need to start processing card payments.

Facilitators 52
Facilitators Processors Payment APIs and Integration ISOs 52
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