Part 2 of 3
In the previous post, we discussed the basics of the PayFac model and how PayFac-as-a-Service is making it accessible to ISVs. Now, let’s dive deeper into how PayFac-as-a-Service works.
PayFac-as-a-Service provides ISVs with an all-in-one platform that handles the complexities of payment processing. The platform provides developer-friendly APIs and SDKs that can be implemented in a matter of days, allowing for a rapid and streamlined onboarding experience for customers. This creates a more integrated and frictionless payment experience, providing a better user experience and unlocking new revenue streams for software companies.
Additionally, PayFac-as-a-Service eliminates the need for software companies to become a fully registered payment facilitator. This saves time, money, and resources that can be allocated to other areas of the business.
In the next post, we’ll explore the benefits of PayFac-as-a-Service for ISVs and their customers.