PAYMENT FACILITATOR (PayFac)

Payment Facilitator

ISVs and platforms that are looking to take more control of their customers experience, are beginning to choose Payment Facilitator as an option to control funding, automate the boarding experience and fundamentally build payments as a core function of their platform.

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Foundation of the PayFac Model

The foundation of the Payment Facilitator model or PayFac is rooted in the concept of a master merchant. The master merchant can be a payment provider, Independent Software Vendor(ISV) or association. There are several tiers or levels supported by a PayFac hierarchy which can include card brand registration. Essentially a Payfac creates a master merchant or “merchant of record” with sub-merchants boarding under them. The ISV or association’s Merchant of record account creates a fully underwritten Merchant Identification or MID with payment processing liability often being shared by the Master account and the sub-merchants.

Automatically Board Accounts

Programmatically provide customer boarding information and receive instant approvals.

Control Funding

ISVs looking to support a Payment Facilitator model are typically look for a portion of a transaction to be retained.

Reporting

Transactional Data can be provided via API to the merchant of record so that reporting data can be natively presented as part of the ISVs dashboard.

Card-Not-Present Applications

Embed our secure payments form or redirect to a secure page we host, perfect for Ecommerce or any ISVs with a CNP focused application.

  • Tokenization- Secure store and call payment cards
  • Reoccurring payments- schedule payments on a predetermined basis
  • Surcharge and Convenience Fees- Automatically calculate and add fee passed along to the cardholder
  • ACH-Allow your customers to pay how they want with a direct bank transfer
  • Taylor the payment fields or create a custom CSS

Card-Present Applications

Integrate CP applications for face-to-face payments and instantly board your merchants.

  • Connect and pass data from any Operating System
  • Support EMV(Chip) transactions
  • Multiple form-factors available, countertop devices to simple PIN pads
  • Limited PCI scope

Card-Present Applications

Integrate CP applications for face-to-face payments and instantly board your merchants.

  • Connect and pass data from any Operating System
  • Support EMV(Chip) transactions
  • Multiple form-factors available, countertop devices to simple PIN pads
  • Limited PCI scope