This reduces bureaucratic procedures and accelerates the time to market. They take the time to truly understand our business and goals, so they are able to effectively recommend features that are beneficial to our success. Payment Facilitator Model Definition. The approach enables payment acceptance through a sub-merchant platform and offers merchants a white-label payment processing solution. Payment processing up and running in weeks. From merchant underwriting, payment acceptance, split fees, white-labeled partner portal,. A world of connections makes it possible. Akurateco is an Amsterdam-based white-label payment software provider that offers payment solutions to businesses in various industries. Acquirer services with Cardstream’s White Label Payment Gateway. Our PCI DSS level 1 compliant. By. So, your actual savings will amount to 1%. To be approved as a payment facilitator business and receive a Payment Facilitator ID (PFID) from an acquiring bank, a business must first prepare itself with adequate infrastructure, including setting up company-wide policies and procedures to stay compliant with the card issuer’s and acquiring bank’s. If you are a payment facilitator, then you also need an online terminal to take card details for you to process the funds. Use Stripe’s whitelabeled payfac solution to bring payments in house and fully control the customer experience—from payments pricing to payout timing. A payment facilitator acts similar to a PSP. In addition, via its Ziftpay partnership, it also provides a white-label payment facilitator program. There is no huge package of. Posted on January 8, 2019 by Nathan Lustig. However, in contrast to a traditional payment gateway provider, it allows you to brand it with your own logo. We offer a built in 3-D secure support module. Accept payments in 150. Our payment gateway services are high-standard, offering a variable and robust platform built on open-source commercial software. ISOs looking to upgrade outdated gateways with a customizable white label solution for modern payment processing. From white label payment gateways options to white label payment facilitator model. By adopting a white-label payment gateway, a payment facilitator can eliminate the need to develop their own payment system from the ground up and avoid the ongoing responsibilities of system maintenance, upgrades, and compliance renewals. Time-saving: White labeling enables companies to launch new goods and services quickly and effectively without having to spend time and money creating them from scratch. FAQ. With white-labeled payment gateway services, you’ll be able to make the payment experience look just how you want it. Drive efficiency through automated billing and. Payment Facilitator Models ISVs must select from two models through which they can provide PF services: retail or wholesale. Payment Terminals QR Payments Mobile/Webb Payments Open Banking Payments Card Issuing Payment Facilitator Payment Gateway. With no iFrames or redirects, and a 99. such as payment service providers and payment facilitators. As the white label payment facilitator , you can set your own profit margins and actively get. It leverages leading technology without the capital and development effort on your part, it builds your brand and your customer loyalty, it takes some of the burden of compliance issues off your hands, and it does all of this while allowing you to provide a seamless experience for your. Payment facilitator model is more flexible and lucrative than MOR model, although it involves larger costs and more responsibilities. - Launched tiered offering from Chase brand payments to white label hosted embedded payments to payment facilitator model. After an extensive year-long Jedi mind meld, we mapped out the perfect solution. com, contact their ISO, Merchant Bank or processing provider, or contact their software provider to check availability and place an order. The operating principle of a white-label payment gateway is that the provider gives you access to ready-made software with all its technologies and payment connectors, which can subsequently be. A white label payment gateway allows you to utilise the skills of talented developers, who provide excellent solutions for your clients, and maintain a high ROI, whilst all under your own brand. We provide end to end solutions across an expanding global network. PayFac or ISO. As the white label payment facilitator , you can set your own profit margins and actively get. Why White Label Payments. It’s safe to say we understand payments inside and out. Difference between virtual and traditional payment facilitation. Cardstream is a multi-award-winning PCI DSS Level 1 independent payments gateway, providing white-label Partner resellers with access to our Open®Payment Network. Paynet is the world-leading for Recharge technology facilitator which provides safe, stable, reliable and global one-stop service. Most platforms choose to white-label only part of the product and utilize Paylike's. We continue to get inquiries from people and companies. At the same time, payment. The white label payment gateway protects you and your clients from chargebacks. Payment gateway software or some form of software package that will deliver transactions to the acquirer. Paylike's SDK, dashboard and plugins are build entirely on top of our open API's and as a platform you can choose either to fully white. APIs make white label integrated, payment facilitators, and/or referral models payments possible. Increase Business Valuation Payment Facilitators increase their business valuation by adding payments as an exponential dimension of growth. Get the most from your business model in an ever changing market with white label payment software. Feel free to contact the experts at UniPay Gateway to learn more about payment facilitator model. Our APIs make flexible, integrated payments possible via referral, white label or payment facilitator models, so our customers can focus on their core. From those just getting started to those who are truly ready to become a payment facilitator, Payrix provides white-label solutions that afford the flexibility to customize precisely and strategically. Platform Promo. Payneteasy's gateway is a fully brandable, white-label solution. The model eases an account acquisition, and lets merchants accept payments under the master MID account. Accept a full range of payment types. The guide on the fundamentals of payment processing is a must-read to you, if any of these or similar statements are relevant for you: You want to get a merchant account, but you are rejected by all the banks to which you apply. Hips payment platform enables your merchants to launch within minutes by provisioning both the merchant account and gateway services within a real-time manner. To offer payment processing services under your own brand, your ISO partner will provide you with an online application page that doesn’t identify their company. With GETTRX’s PayFac-as-a-Service solution, your customers receive seamless signups while you leverage payments as a revenue strategy. Create your own white label payment gateway and offer affordable, simple, and transparent payment processing to your clients. vip Please follow PayStudio to get. These developments. Payment Terminals QR Payments Mobile/Webb Payments Open Banking Payments Card Issuing Payment Facilitator Payment Gateway. New York, NY – (September 24, 2018): United Thinkers, a New-York based commercial open-source Payment Management Software provider has launched a white-label payment facilitator program as a flexible and easy solution for businesses that consider becoming payment. With Paylike Platforms you can take advantage of our API-first approach and fully white-label Paylike and offer your own payment service no matter what type of platform you run:. Payment facilitator enablement. **Risk management includes vendors and risk system maintenance. We provide payments infrastructure for independent software vendors (ISVs) and software platforms to ensure small businesses get paid quickly and easily. Gumroad – White-label eCommerce Platform. Becoming a White Label Payment Provider: If you become the payment gateway provider rather than reselling someone else’s, you’ll have several unique opportunities at hand. NEW YORK, NY, September 24, 2018 /24-7PressRelease/-- United Thinkers, a New-York based commercial open-source Payment Management Software provider has launched a white-label payment facilitator program as a flexible and easy solution for businesses that consider becoming payment facilitators, but are unready to. We deliver payments you can bank on. 4. The Benefits of Becoming a Payment Facilitator for Franchisors; Becoming a Payment Facilitator for a Saas Platform; PSP & PayFac 102. Converge Payment Gateway. JPMorgan Chase acquired WePay in 2017, connecting our fintech technology with the strength and security of the #1 merchant acquirer. February 23, 2017 The Payment Facilitator. By 2014, we evolved to deliver integrated, white label payments solutions to leading SaaS platforms. A white label option provides limited control over the process and involves much less liability. Facilitate To Innovate: How Payment Facilitators Enable The Economy September 21, 2022. MOR is responsible for many things related to sales process, such as merchant funding, withholding. Available 24/7. ProPay's Payment Facilitator Model. Most of the gateways offer APIs (Application Programming Interface) that enable the websites, business software, mobile applications, and POS (point of sale) device to connect and send transactions right to the payment gateway for authorization. Payment facilitator’s role is to handle merchant lifecycle-related functions (from underwriting and onboarding to funding and chargeback handling) instead of the acquirer. Introducing the white-label payment facilitator – the perfect solution for your business needs. Reduce merchant friction & scale your business today. As the white label payment facilitator , you can set your own profit margins and actively get your share of the revenue stream. That means merchants do not need to have their own MID. Discover how Partners are using Cardstream >. So, transition is a reasonable step only if this 1% exceeds $150,000-200,000 annually in absolute values (this is the approximate amount you will have to pay for gateway maintenance, PCI audit, development, support etc). Payment aggregation model allows software providers to function as payment service providers using either payment processor integration or some white label. Your brand is unlikely to become the next PayPal, but becoming a payment facilitator may. You can have a solution ready for your business to resell in a fortnight as soon as negotiations are finalised. Resellers & Processing Gratuity Payments and Distribution Connect Pay adds security and White Labeling to gratuity transactions. Kathrine Pensatori. Paylike's SDK, dashboard and plugins are build entirely on top of our open API's and as a platform you can choose either to fully white. If you run a platform and want to offer payment services under your brand, you can use Paylike Platforms and utilize our powerful API's. Think Shopify Payments. Find the top Web-Based White Label Payment Gateways in 2023 for your company. We deliver payments you can bank on. Quick and easy payment acceptance for your business. The secure environment allows our Partner’s Merchants to process credit and debit card payments, as well as. Most of the gateways offer APIs (Application Programming Interface) that enable the websites, business software, mobile applications, and POS (point of sale) device to connect and send transactions right to the payment gateway for authorization. Pipedrive – White-label CRM Software. The platform owns payment flows and is responsible for paying out funds to its merchants (referred to as sub-merchants) directly. Third-party anti-fraud tools from MaxMind and Sift Science use neural networks and artificial intelligence to. White Label Payment Gateways — Become a payment service provider with a competitive advantage, having your own-brand sophisticated payment infrastructure and capabilities • United States. 10 basic steps to becoming a payment facilitator a company should take. With White Labeling you can build your own brand. These functions include merchant. That is, if a franchiser becomes a payment facilitator, it can turn all its clients (franchisees) into sub-merchants. The white-label payment facilitator enables you to accept all major credit cards and debit cards with just one integration. So, here are five main reasons why businesses may choose to use a white label gateway. Some businesses are searching for payment gateway solution they could use to connect them to processing partners, while others are deciding on the best option to replace their already. ) and even customize what services or features are available to customers. PayVisors delivers white-label, processor independent technology to provide end-to-end support of Payment Management and Sales Process Optimization needs. With the right white label gateway, you get the best of both worlds, plus the backing of. Our APIs make flexible, integrated payments possible via referral, white label or payment facilitator models, so our customers can focus on their core. You are an ISO that wants to become a payment facilitator and gets your residual revenue share from payment. Broadly speaking, payment facilitators can be divided into three categories: Commerce platform providers like Stripe, which enable digital transactions through the proprietary technology on a white-label basis. With a single integration, merchants can access over 300 payment connectors, consolidated data reporting and management, a payments calendar to keep track of their monthly or yearly fees, and more. Payment facilitators streamline this process and are an excellent alternative for businesses that want to start processing payments quickly. and payment facilitators. Moreover, becoming a PSP and providing merchant services can be much easier for businesses with a white-label payment gateway product. The open payment network is able to manage the entire payment process in different countries. United Thinkers Launches a White-label Facilitator Program. Benefits of Leveraging White Label Payment Solutions . With hosted, cloud-based solutions offered by this platform, merchants get a single unified payment gateway that opens new markets to ecommerce companies. However, with white label payment processing, all you. A payment processor handles the technical aspects of transaction processing and is connected to the banking system through the respective. Our strong technical platform works as the backbone of your business; allowing you to focus on business relationships, on-boarding new. PayFac® solutions, at your service Worldpay from FIS is your advocate for payment facilitator solutions. Start your Payment Facilitator / ISO business in minutes rather than years by connecting to Hips's global payment network for rapid deployment. Card networks, such as Visa and MC, charge around $5,000 a year for registration. White Label Payment Facilitator Model; Before Starting a Payment Facilitation Project; Payment Facilitator Paradigm and Beyond: VAR, ISV, Next-generation ISO. Square, Stripe, PayPal, AirBnB and Uber are well-known examples of PayFacs. As a result, the demand for electronic…Hosting options Cloud hosted. Payment Processing Software: ACH and e-check support, fraud prevention, Online and Mobile. Hips payment platform enables your merchants to launch within minutes by provisioning both the merchant account and gateway services within a real-time manner. How a White Label ISO Program Works. PayFac or ISO. Create a robust brand ID with Netevia HQ’s white label branded solution. JS SDK. Same-Day Deposits are available to merchants on integrated software platforms with a 5:00 pm PT cut-off time for payments processed on WePay. Each payment gets a Real-Time check by over 100 parameters. Lean how payment gateways work and other major benefits of White Label Merchant Services. Support for every possible payment method comes out of the box when you work with. In spite of pandemic-driven economic recession, electronic payments go on, more or less, as usual. Many payment processors now have white-label checkout tools or open software for developers to fully customize the checkout process, and some companies. For example, a payment facilitator usually uses software to automate key compliance processes like KYC and KYB and only flags potential problems for slower manual processes. What has taken Cardstream nearly two decades to produce is yours to profit from within a fractionally short time frame. Payment facilitators have been approved for one master account from a provider. Plus, you will have to pay for servers and gateway product maintenance. A white label payment solution can have several flavors, depending on the terms of its use. In the event that you act as a payment facilitator and handle transactions through your accounts, your acquiring. A payment facilitator is an alternative to the traditional merchant service provider. Paylike Platforms. We provide payments infrastructure for independent software vendors (ISVs) and software platforms to ensure small businesses get paid quickly and easily. Our white label solutions Bitfinex Pay. Cardstream’s Virtual Terminal is accessed through the Merchant Management System and is designed for your Merchants to use when processing mail orders or secure telephone payments (MOTO). Spell - white label payment gateway, e-wallet, and billing software united under one PayTech platform & RESTful API. If the intermediary entity, which funds the sub-merchants, uses different MID for each merchant, it is called a payment facilitator. You can own the end-to-end ready-to-use, PCI DSS gateway without unnecessary development costs or labor. The software decides whether to approve it or not. ITR works like a highly efficient decision. Payment Team as a service is always ready to solve any question related to system settings, integration of your merchants, support and consult you on business matters, and risk monitoring. This cost-effective option is great for enhancing your brand and reputation. Payment Facilitators (PFs), Independent Sales Organisations (ISOs), Independent Software Vendors (ISVs), and. Within the payment industry, VAR model emerged as the product of ISO evolution. Merchants can email support@paidyet. The perfect match for software companies of all sizes and verticals. Read more about white label PayFac model in our respective article on. So, transition is a reasonable step only if this 1% exceeds $150,000-200,000 annually in absolute values (this is the approximate amount you will have to pay for gateway maintenance, PCI audit, development, support etc). Payment Facilitator (5) Payment Facilitator Technology (5). We deliver payments you can bank on. Decta delivers tens of widespread payment methods including global payment networks, open banking, digital wallets, and connections to acquirers. Intelligent transaction routing plays a crucial role in streamlining online payment systems. With our white-label payment facilitator package, you can access this feature and more. Payment Management (3) Payment Processing (109) Payment Software (18) Payments Education (1) PCI Compliance (4) PCI Security (8) Portfolio Assessment (2) Portfolio Purchases (4) Portfolio Sales (2) POS. Credibility. Monetize more than just. Payment Facilitator assistance, EMV terminal solution implementation and so. Mastercard’s global gateway connects the worlds of commerce and payments. UniPay is an innovative and comprehensive payment gateway solution developed by industry experts. Virtual payment facilitator model, such as the one offered by UniPay Gateway, is a “try it before buy it” option for software platform providers that want to enjoy the benefits of being a payment facilitator without assuming the full set of PayFac-specific responsibilities. If you are not ready to face these costs and requirements all at once, you can resort to white-label payment facilitator model. With UniPay, you have the options of a flexible "payment as a service" model, an affordable white-label payment gateway solution, or a full on-premise software license, which ensure the top-quality payment processing experience for businesses of any size. " Our white-label solution has been used by Fortune 10 companies and the largest facilitators in North America. Shaw Merchant Group opened for business on day one the same way many entrepreneurial companies do - with just one. Among the best options to consider is Ikajo, a renowned white-label payment solution provider with years of operations in the field that offers an advanced PayFac as a Service incorporating all the above-listed features and beyond. White Label Payment Facilitator Model;. If you are considering becoming a payment facilitator but are short on budget, choosing a white label payfac gateway can be the best option. As a result, in the eyes of your customers (both cardholders and merchants) you are the payment gateway provider. Transmitting an amount of money to the payment processing service provider. As one of the original merchant aggregators, ProPay’s Payment Facilitator Program is uniquely suited to support the needs of SaaS platforms, software developers, service providers, community heads, online marketplaces, and business models requiring the functionality of merchant aggregation without the. We’ll manage risk, compliance and payouts, and keep you informed through our API. By providing us with an email address you are expressly consenting to receiving email communications — including but not limited to marketing material/advertising, promotions, sales campaigns, and questioner/research surveys. This wide range of companies includes local and global payment providers. . We at Shaw Merchant Group have an awesome white label solution. White label payments allow you to control the customer experience. Stripe Connect is the fastest and easiest way to integrate payments into your platform or marketplace. Start your Payment Facilitator / ISO business in minutes rather than years by connecting to Hips's global payment network for rapid deployment. The Evolution of White Label Payment Facilitation: Nationwide Payment Systems Leads the Way. Payments as Service; White Label Gateway; On-Premises Solution; EMV Terminal Solutions; PayFac Model;. Uniform Business Rate: A multiplier used in England and Wales to determine how much money owners of commercial and industrial properties must pay each year to their local governments. A white label payment gateway is also a third-party solution, but it is highly customisable to fit your brand, website design, and business model. Through Hips White Label Payment Gateway, leading Acquirers, Payment Service Providers and POS Software Providers can easily evolve with the drastic, rapidly changing payments industry. 4 billion in revenue as payment facilitators. Using the card by the customer for online payment processing. This gateway solution is yours in name only. We help you do more then add payments to your software! We enable you with the payment infrastructure you need to collect customer payment data. 75% per transaction). 1. Payment facilitators also provide customer service on behalf. There are no contracts, so if you switch processors later, the white-labe. The outsourcing provider assumes theNo matter what your business model is, there is, probably, some white label gateway solution flavor that suits it. Besides that, a PayFac also takes an active part in the merchant lifecycle. APIs make white label integrated, payment facilitators, and/or referral models payments possible. White-label PayFac program is primarily targeted at software platforms that want to become payment facilitators; it allows them to provide all “classical” PayFac. White Label Payment Facilitator Model; Before Starting a Payment Facilitation Project; Payment Facilitator Paradigm and Beyond: VAR, ISV, Next-generation ISO;. Payment facilitators Credit card acquirers Any payment method i. FAQ. ISOs mostly resell merchant accounts, issued by multiple acquiring banks. Embedding white-label payments into your platform could be the key to unlocking significant growth. Split payments for marketplace; Payment facilitators; Full DSRP support; Easy-to-integrate API. Talk with a member of our Integrated Partner Channel. A registered Payment Facilitator, also known as a “PayFac” or “merchant aggregator” is a third-party business or platform that contracts with an acquirer to provide payment services to their customers, referred to as “sub-merchants. $3,170,000. So, you might want to take matters into your. to track order and commission details. Payouts. Becoming a payment facilitator is a complicated. Merchant of Record. If the intermediary entity, which funds the sub-merchants, uses different MID for each merchant, it is called a payment facilitator. Plans free and up. Simvoly – White-label Website Builder. Principal advantages of using a white label version of UniPayCardstream is a high-performance Level 1 PCI: DSS-compliant white-label payment processing platform, adding value by offering all major credit card schemes and worldwide currencies. Payment Service Providers (PSPs), Payment Facilitators (PFs), Independent Sales Organisations (ISOs), Independent Software Vendors (ISVs),. Each payment gets a Real-Time check by over 100 parameters. Stripe and some new payment gateway software providers (such as United Thinkers) support split payment functionality, while Zift offers such functionality to software vendors. Accept hundreds of currencies and payment methods including online, mobile, point-of-sale, subscriptions, billing and invoicing at scale. WePay’s white-label service also extends to the mobile and storefront products, allowing software companies to brand in-person payment devices under their own banners. The integration tools include sample code; test cards; test accounts; and on-demand support from our responsive support team of experienced technicians. PayVisors delivers white-label, processor independent technology to provide end-to-end support of Payment Management and Sales Process Optimization needs. White label payments allow you to control the customer experience. IXOPAY's payment orchestration platform is available as a white label payment solution, enabling payment. Reduce merchant friction & scale your business today. A marketplace is a tool, allowing multiple vendors (retailers) and affiliates to sell their products and services through a unified platform. Multicurrency personal account. We at Shaw Merchant Group have an awesome white label solution. Most of the gateways offer APIs (Application Programming Interface) that enable the websites, business software, mobile applications, and POS (point of sale) device to connect and send transactions. All the services, such as payment. The Evolution of White Label Payment Facilitation: Nationwide Payment Systems Leads the Way Nationwide Payment Systems distinguishes itself by offering a. How to become a payment facilitator: a roadmap. Choosing a white label payment gateway means that your merchant clients will see your name – or none at all, if you prefer – rather than the name of the company that developed the software. This includes merchant onboarding and underwriting, advanced chargeback management, Acquiring Relations development, Payment Facilitator assistance and implementation of EMV terminal solutions. Discover flexible, scalable solutions that fuel your growth and transform the payments experience to delight your customers. These include ISO, payment facilitators, and payment service providers. White label payment solution flavors Startup businesses, as well as SME often prefer to work under the umbrella of a large payment facilitator or merchant service provider (PayFac, PSP, MSP). Similarly, a white-label payment facilitator model allows you to perform the critical PayFac-specific functions without actually becoming a payment facilitator. Custom branding, competitive advantage, and secure white label payment facilitation. Becoming a PSP [Payment Service Provider] lends itself well to some businesses that fall into the software provider classification. We champion transparent pricing, and our clear fee structure lets you know precisely what you’re paying for. Nationwide Payment Systems distinguishes itself by offering a robust Hybrid PayFac as a service solution tailored for Independent Software Vendors (ISVs) and Developers. A payment facilitator is an alternative to the traditional merchant service provider. Its potential unleashes the best as your business grows and goes. A white-label payment system is a fully brandable payment software. UniPay Platform offers a white label solution that is affordable, as well as an on-premise software license (including source code), and the PayFac. What is a payment facilitator? Simply put, a payment facilitator acts as an intermediary between merchants and a payment processor or acquiring bank that. You just take the readymade white label solution, put your logo and brand name on it, configure it, and become the gateway provider for your customers (cardholders or merchants). The partnership will create many new buy now pay later (BNPL) options for merchants to access as part of APPS white-label acquiring programs for ISO's, ISV's and Payment Facilitators. PayFacs do not integrate into software or work alongside it. In this blog, let us know about the White Label Crypto Payment Gateway , its features, the benefits of starting your cryptocurrency payment gateway business, and how to do it in such a professional way. and beyond. DEVELOPER & ISV SOLUTIONS Global Omnichannel Payment Infrastructure – Everywhere you need to be. Converge is a leading payment gateway for authorizing payment transactions quickly and securely, whether in-person, online, or on-the-go. All-in-one white-label acquiring software, a bank business environment, comprehensive merchant functionality, and advanced consulting services. Find the highest rated White Label Payment Gateways for Cloud pricing, reviews, free demos, trials, and more. White Label Payment Service Provider: Learn How to Build Your Own Brand with White LabelingPayment Facilitator Businesses Retail Food and Beverage Contact Sales Tech Support. Becoming a White Label Payment Provider: If you become the payment gateway provider rather than reselling someone else’s, you’ll have several unique opportunities at hand. Their customer service and ability to handle complex ticketing situations were key to our success. Look for the ability to white-label payment pages/flows to match SaaS branding. In that room, a select group of former execs from Visa, Apple and PayPal huddled together to hear a visionary software platform CEO explain why payments were a pain in his SaaS. New York, NY – (September 24, 2018): United Thinkers, a New-York based commercial open-source Payment Management Software provider has launched a white-label payment facilitator program as a flexible and easy solution for businesses that consider becoming payment. With UniPay, you have the options of a flexible "payment as a service" model, an affordable white-label payment gateway solution, or a full on-premise software license, which ensure the top-quality payment processing experience for businesses of any size. Hootsuite – White-label Social Media Management. Most of the gateways offer APIs (Application Programming Interface) that enable the websites, business software, mobile applications, and POS (point of sale) device to connect and send transactions right to the payment gateway for authorization. In this blog post, we will explore the top 10 reasons why choosing a white-label payment facilitator is a game-changer. Hips payment platform enables your merchants to launch within minutes by provisioning both the merchant account and gateway services within a real-time manner. In essence, white label PayFac model allows prospective payment facilitators to get what they want without imposing the requirements that are difficult to meet. The white-label payment facilitator model ( PayFac in a box) is a try-it-before-buy-it solution for prospective PayFacs. Later, the payment facilitator model could license the white label software and customize it for their purposes in-house if needed. Experience. As the white label payment facilitator , you can set your own profit margins and actively get. Receiving confirmation (or cancellation) of the transaction. It is suitable for Payment Service Providers (PSPs), Independent Sales Organizations (ISOs), Acquirers, Merchants of Record (MoR), Payment Facilitators. They believe in it because they live it daily. Broadly speaking, payment facilitators can be divided into three categories: Commerce platform providers like Stripe, which enable digital transactions through the proprietary technology on a white-label basis. Expand the value of your SaaS platform with integrated payments. A payment facilitator manages the entire electronic payments process on behalf of merchants. It is an easy way to add additional revenue stream to your current setup. We deliver payments you can bank on. This “white label” solution is ready for your brand and includes your logo, colors, and contact information, so your merchants only identify. Payment types and. The easy-to-use white label ticketing platform increases our brand exposure and provide the ability to manage activities and schedules in our festival. PayFac or ISO. Such white label branding of services can be both a long-term or an intermediate solution for a company on the way to payment facilitator model. A white label payment gateway to power your payment processing. By adopting this approach, businesses can easily navigate the process of becoming a payment facilitator. 75% per transaction). A white-label payfac, also known as payfac-as-a-service, is a business model in which a company uses a third-party payfac platform to offer payment processing services under its own brand name. Most of the gateways offer APIs (Application Programming Interface) that enable the websites, business software, mobile applications, and POS (point of sale) device to connect and send transactions. $1,625,000. As a token of our appreciation for considering our services, we're pleased to offer exclusive discounts on our three payment gateway offerings: Payments as a Service, White Label Gateway, and On-Premises solution. Kathrine Pensatori In this article we are going to explain: why businesses want to become payment facilitators, why it is difficult for many of them to adopt payment facilitator. Decta. They white-label payment processing services and help sub-merchants process transactions using their master merchant account. The article is primarily targeted at payment facilitators, software companies, and shopping cart platform owners. The key aspects, delegated (fully or partially) to a PayFac by an acquirer, include underwriting, onboarding, payment processing, funding. The Evolution of White Label Payment Facilitation: Nationwide Payment Systems Leads the Way Nationwide Payment Systems distinguishes itself by offering a robust Hybrid PayFac as a service solution tailored for Independent Software Vendors (ISVs) and Developers. Powering Seamless, In-Product Payment Experiences Through a Modern, Single API. Mobile payments. If your. With customers becoming more and more demanding, the software shapes up to meet the needs and, often, exceed the expectations of the end customer. You may dismiss the idea at first, probably thinking that you don’t have the infrastructure or expertise to become a payment processing company. Before starting an EMV certification, a company needs to make a decision about the three key components of the process: Terminal (s) (hardware device) that will be used to read EMV cards. The white-label payment facilitator enables you to accept all major credit cards and debit cards with just one integration. 1. Put your brand on merchant statements and applications — build your brand with your sub-agents and merchants. A PayFac is an intermediary entity, performing a set of functions (delegated by the acquiring bank) for multiple merchants. Start your Payment Facilitator / ISO business in minutes rather than years by connecting to Hips's global payment network for rapid deployment. Efficiency Boost. Acquirer (s), that will process the transactions. In recent years payment facilitator concept has been rapidly gaining popularity. Merchant of record or MOR is an essential link between a company that needs to accept electronic payments and consumers of its products. The payment facilitator accelerates the onboarding procedure more and more. In exchange for cheaper access to transaction processing (emerging from the opportunity to purchase services from the acquirer “wholesale”, and, thus, pay less), payment facilitators take the underwriting-related risks, handle initial underwriting, merchant funding, and general support of merchants from their portfolios (customer service). About. Our Resellers can feel confident that their payments are facilitated correctly with Stripe, and our award-winning software platform. advanced recurring billing, chargeback management, Acquiring Relationships development, Payment Facilitator assistance, EMV terminal solution. 49% + $. This includes merchant onboarding and underwriting, advanced chargeback management, Acquiring Relations development, Payment Facilitator assistance and implementation of EMV terminal solutions. 49 per transaction, ACH Direct Debit 0. The white-label payment gateway protects both merchants and customers. UniPay Platform offers a white label solution that is affordable, as well as an on-premise software license (including source code), and the PayFac. This covert facilitator not only amplifies revenue streams but also underscores a brand’s commitment to providing frictionless. Embedded Payments Are a Growing Opportunity for Software Providers. An ISV can choose to become a payment facilitator and take charge of the payment experience. As a merchant services provider, you understand the challenges and opportunities that come with growing your ISO business. Behind the Payment Facilitator There is no one-way to process card payments. This is a simplified rate. Cardstream is a global connector of payments, offering 360 ° comprehensive solutions. New York, NY – (September 24, 2018): United Thinkers, a New-York based commercial open-source Payment Management Software provider has launched a white-label. At Paragon Payment Solutions, we offer: Easy-to-use developer API toolkit.