It needs to obtain a merchant account, and it must be sponsored into the card networks by a bank. The PSG* is the master PayFac. Transfer funds instantly to cards or directly to bank accounts. When it comes to choosing between a PayFac and an ISO, the best option depends on your business's specific needs and preferences. Gateway Selection for SaaS and PayFac Payment Platforms; Best Crypto Payment Gateway Solutions for Platforms; How PayFac Model Increases Your Company’s Valuation; Payment Advice. A payment facilitator (or PayFac) is a payment service provider for merchants. Integrate Evolve's payment service technology into your software platform and you can start offering your customers a seamless payments journey right away. Linkedin'ers!!! What. After all, option No. The full-service EpicPay platform with PayFac capabilities alongside CMS’s. To become a PayFac, the platform needs to pay considerable annual registration fees and deal with a lot of paperwork. Payrix is the only PayFac ® as a service platform built by a payment facilitator, exclusively for software platforms. 99) Gamegenic Sidekick 100+ XL Convertible Deck Box (green) is $14. , invoicing. Transaction Settlement. One classic example of a payment facilitator is Square. Payment Processors Which PSP work with fintech and trading verticals? what do they offer? find all here uEnjoy优享 B2BinPay Find more PayFac Model Serving Merchants For starters, the. Payment Facilitator is the #1 leading PayFac for payment processing available including fiat and blockchain payment processing. You don’t need to be a technology pro to run an online store. The payfac stands in place of the merchant for the purpose of credit and debit card rules, maintaining submerchant accounts for its merchant customers and touching the money in the settlement funds flow. It also needs a connection to a platform to process its submerchants’ transactions. S. Demo. Find a payment facilitator registered with Mastercard. 8. 1. 01274 649 893. Please enter your Xafe login details below: Forgot Password? Only individuals who have been expressly authorised by MarTrust to use this site should proceed to login. Etsy charges a 20¢ listing fee for each item. Design the interactions that make the platform successful. In stock and ready to ship. How do payfacs work? Payment gateway. 1. but so you have the easiest and best payments solution for your business. Stripe The new standard in online payments. Explore the current offerings for the best Black Friday 2023 streaming deals below. The Worldpay PayFac® experience goes the distance from boarding sub-merchants to collecting payments, reducing risk, and more. Knowing your customers is the cornerstone of any successful business. Gamegenic 500-card acrylic organizer is $20. The best PayFacs utilize automated smart. Payment Facilitation (PayFac) Platforms. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. 99 (was $39. Exact Payments is a team of payments experts with years of experience helping clients build and manage payments solutions. 1. UniPay Gateway is the leading Omnichannel payment processing and management solution for PayFacs, Saas and equity firms operating worldwide. A team of global experts delivering the future of commerce. The best Stripe competitors combine transparency, low processing fees, and excellent support for eCommerce. With the growth of off-the-shelf PayFac offerings known as PayFac-as-a-Service (PFaaS) solutions, ISVs or VARs can get up-and-running fast with. When accepting payments online, companies generate. 0, doing so has historically not been an easy feat. Your family members, neighbors, and gym partners will thank you. com. A Payment Facilitator, PayFac for short, is simply a sub-merchant account for a merchant service provider. Assessing BNPL’s Benefits and Challenges. But the model bears some drawbacks for the diverse swath of companies. . Here is the best webinar software in 2023, based on pricing, features, ease of use. Weebly: Best for e-commerce blogging. In addition, members get free access to our best-in-class online fundraising platform which includes Text-to-Donate, Peer-to-Peer, and much more. 9 billion monthly active users (MAUs). A typical promising platform may be best served by a payfac-alternative model. Let’s discuss the most common marketplaces and platforms. 2. Compare the best Payment Facilitation (PayFac) platforms for Primer currently available using the table below. (or payfac) with the card networks, since it was seen. Our suite of tools and services offers a. Uncomplicate your commerce. We handle checkout so you can focus more of your development efforts on other parts of your product. Non-members are mailed paper checks within 30 days after the close of the month in which the donations were made, per our Terms Of Use. Flex your solution, improve your margins. Recommended for companies processing less than $50M of annual payments volume (APV) 66%. Talk to our sales team, request a demo, or get technical support. So, MOR model may be either a long-term solution, or a. A Payment Facilitator (PayFac) is a type of merchant services company that provides business owners with a way to accept electronic payments, both online and in-store. Move and manage money. Stripe builds the. Our white-label platform offers everything from comprehensive merchant management to a robust routing engine, and much more. Avoid the slow, manual sub-merchant onboarding with other payfac solutions, and offload your payments compliance obligations to Stripe. Our core technology is the Network Applications that enables users. Intro: Business Solution Upgrading Challenges; Payment System Integration; Migrating from One Processor to Another; Legacy System ReplacementGETTRX's PayFac-as-a-Service allows SaaS platforms and ISVs to lower customer acquisition costs, and increase customer engagement. Merchant Card Processing Operating Guide v7. 9% and 30 cents the potential margin is about 1% and 24 cents. Payfacs work by having a master merchant account (and a master MID) through its relationship with acquiring banks. They are a pioneer in payment aggregation. With a proven track record of success, I am confident in my ability to drive new partner opportunities,. Facebook. 5. Square Online: Best for omnichannel selling. Around 630,000 of these - almost 50 per cent - lacked workers to fill them. FIGURE 6: SaaS Provider & Platforms – Observed PayFac Model Progression Journeys . What is a payment facilitator (payfac)? A payment facilitator (payfac) is a type of merchant services provider that simplifies the payment process for businesses. A PayFac utilizes online tools to onboard its merchant clients and underwrite risk. Payrix is the only PayFac ® as a service platform built by a payment facilitator, exclusively for software platforms. Payment facilitation helps you monetize. One is that it allows businesses to monetise payments effectively. (NASDAQ:USIO) certainly is, as it got to ring. 3 BIN and Acquiring Identifier License and Administration 158Maximize profitability. Payments 105. First popularized by firms like PayPal and Square, the payments facilitator (payfac) model is reshaping the payments ecosystem, allowing nonpayments companies that adopt it to participate more fully in the payments revenue stream. There are numerous PayFac-as-a-service benefits. Physical Cards. Podbean. Discover flexible, scalable solutions that fuel your growth and transform the payments experience to delight your customers. Etsy. Payment Processing: BlueSnap is processor agnostic and provides integrations to all types of payment solutions from credit card payments, ACH, SEPA to wires. Zoho Campaigns: Best for fully integrated business suite. Find out what is required and apply for this job on Jobgether. Recommendations should be independently evaluated in light of your specific business needs and any applicable laws and regulations. We handle billions of dollars every year for forward-thinking businesses around the world. PayRix claims to be the only full-service payment facilitator platform targeted at marketplaces, SaaS platforms, and PayFacs themselves. PayFac-as-a-Service. Find the highest rated Payment Facilitation (PayFac) platforms in Asia pricing, reviews, free demos, trials, and more. Peacock's Black Friday deal discounts the streaming platform's confusingly named Premium tier, which does not offer ad-free streaming, to $2 per month for 12. A payment facilitator (PayFac) is a merchant services business that sets up electronic payment and processing services for business owners, so they can accept electronic payments online or in-person. You have to decide on a payments solution right now because you won’t be able to change or pivot later. View Platform. It's no surprise then that Amazon Music Unlimited offers a feature-packed listening experience that has earned the. Unlike payfacs, ISOs set up individual merchant accounts for each business they service. (PayFac) Platforms. CMC Markets - Excellent overall, best platform technology. Accordingly, there isn’t a single best platform, but rather the best for you and your business. One is that it allows businesses to monetise payments effectively. What is a payfac? A payfac or PF, short for payment facilitator, makes it possible for you to accept payments from customers in a variety of ways, including card payments, direct debits, local payment methods, and alternative payment methods like mobile and digital wallets including Apple Pay and Google Pay. A PayFac will smooth the path. We handle billions of dollars every year for forward-thinking businesses around the world. Webull - Best Investment App. This means that many third-party TVs, particularly. S. Registered payment facilitators earn 20-40 basis points more per transaction than they would riding the rails of another wholesale PayFac. Our intuitive APIs and developer-friendly guides make integration a breeze, minimizing any business disruptions. Invest in training programs or workshops. we’ll give you an overview of the online payments funnel and share best practices to increase conversion. Match to an available therapist who fits your objectives. Handpoint is an Embedded Payments Platforms for the Point of Sale, enabling PSPs and SaaS companies to supercharge their growth. Payrix enables vertical SaaS companies to: Unlock greater revenue by monetizing your payments. Gateway Selection for SaaS and PayFac Payment Platforms; Best Crypto Payment Gateway Solutions for Platforms; How PayFac Model Increases Your Company’s Valuation; Payment Advice. To learn. Intro: Business Solution Upgrading Challenges; Payment System Integration; Migrating from One Processor to Another; Legacy System ReplacementArticle September, 2023. History of payfacs. 01332 477 853. BigCommerce: Best for boosting sales. eCommerce merchants $81 billion in 2023. The growth in the number of payfacs, and in the payment volume passing through them, is reshaping key relationships within the payments ecosystem. Completely customize your payments program to create more value, managing fees and commissions on features that power recurring revenue strategies for your business. TOP 100 flex employers verified employers. Stripe The new standard in online payments. "The platform is so flexible and layers on top of existing infrastructure if needed. Strategies. 01332 477 853. More. Checkout’s UK & Europe net revenues in FY2019 were $55M and grew 52% yoy. Also, some companies, such as United Thinkers, are offering special payment facilitator programs. Not knowing whether a transaction is fraud or a false positive costs U. Recurly. Get Started. Stripe and Square are two examples of well-known PayFacs that are incredibly popular with business owners in a wide variety of industries. An example would be a SaaS platform that provides plumbers and home service providers an application that help them. More commonly, a PayFac will enable you to set up a sub-merchant account, making it much easier to set up an account and begin accepting customer payments. Seeing the growing popularity and benefits of the PayFac model, processing platforms and acquirers also take a step towards it. They’re more than just a payment provider. At Jonas Software, we have long realized that our greatest asset is our employee base. 01274 649 895. 1. 20 fee being assessed. 1. 01274 649 893. The Stripe payfac solution, which enables platforms to move faster to embed and monetize payments and whitelabel other financial services such as issuing cards and loans. The Stripe payfac-as-a-service solution is designed to help platforms drive revenue by fully embedding payments, among other financial services, into their software. . Chances are, you won’t be starting with a blank slate. Strategies. What is a payment facilitator (PayFac)? Essentially, PayFacs use the acquiring license of another company to provide payment services to sub-merchants. 5 Best Forex Brokers for 2023. It provides a single integration that allows access to the best-in-breed tools required to accept. What is a PayFac platform? A PayFac platform refers to the technology, tools, and services offered by a Payment Facilitator (PayFac) to enable and manage. 6 percent of $120M + 2 cents * 1. 3 Ratings. Pros: Established platform. All while capturing the lion’s share of the revenue. If you want to find out if a remittance provider is registered with AUSTRAC, search the Remittance Sector Register. Today, there are more than 4. The Stripe payfac solution, which enables platforms to move faster to embed and monetize payments and whitelabel other financial services such as issuing cards and loans. As such, read on to discover how the PayFac model works, how to get the best out of it, and how your company can become a payment facilitator. As is the case with all as-a-service models, PFaaS reduces the barrier to entry for many businesses by delivering a capital-intensive solution as a more affordable pay-as-you-go service. Stripe Payments Right Away. Green Man Gaming lacks browsing tools. Where becoming a PayFac could take as long as two years and cost millions of dollars to. Combine O2O & social commerce platform with on-demand delivery with built-in chatbot and sub-merchant PayFac solutions. Compare the best Payment Facilitation (PayFac) platforms in the UK of 2023 for your business. Compare the best Payment Facilitation (PayFac) platforms in China currently available using the table below. Analyzing Coursera’s IPO Filing: $293. Compare the best Payment Facilitation (PayFac) platforms in Mexico currently available using the table below. RingCentral Video is its entry into the video conferencing market, and. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. Article September, 2023. , Walnut Creek, California, and Central Bank of St. m. A payment facilitator, also known as a PayFac, is a sub-merchant account for a merchant service provider. MailerLite: Best for. Handling payments doesn’t need to be a costly and lengthy exercise. Accept payments online, in person, or through your platform. What is a PayFac platform? A PayFac platform refers to the technology, tools, and services offered by a Payment Facilitator (PayFac) to enable and manage payments for sub-merchants. We provide a single point of integration with the world’s most popular payment methods. We handle partial payments, automatic failed payment retry, and automatic payment recovery. Embed financial services in your platform or product. If you need to get setup quickly, then a PayFac is probably your best option ISOs often provide a range of services, including equipment sales or leasing—for example, point-of-sale (POS) terminals —transaction processing, and customer service. Becoming a payment facilitator is a change to your operational and support models, has and it pays long-term benefits. Find a job. View Platform. This diversification enhances its market presence and resilience. 33. Robinhood is an efficient options trading platform that captures a spot as both one of the cheapest and one of the best options brokers. Save on banking costs and access highly competitive FX rates. It’s used to provide payment processing services to their own merchant clients. . Fortis manages everything for you – underwriting, fraud monitoring, funding, gateway reporting, and chargeback management. With the addition of NextChapter, two of the three largest bankruptcy legal software developers have now chosen Usio and its Payfac-in-a-Box™ technology as their electronic payments solution. Best provider for nextgen omni-commerceInstead, in the PayFac model, a small business gets a submerchant account under the master merchant. Typically, it’s necessary to carry all. ISOs often provide a range of services, including equipment sales or leasing—for example, point-of-sale (POS) terminals —transaction processing, and customer service. A prospective PayFac has to meet more rigorous requirements and incur large upfront costs. There are numerous PayFac-as-a-service benefits. Our suite of tools and services offers a choice of funding options, settlement, revenue generation, and risk management capabilities for payment facilitators. PayFac vs. Please support Choosing the Right PayFac Platform: Key Factors to Consider. We would like to show you a description here but the site won’t allow us. Strategies. Find the highest rated Payment Facilitation (PayFac) platforms pricing, reviews, free. Predict profit confidently with robust reports generated easily from real-time financial information and vast historical data. History of payfacs. If your sell rate is 2. Payrix. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. Grow your business with automated revenue and finance. Another major market player, United Thinkers, provides a robust licensable UniPay Gateway solution for both merchants and payment facilitators. Usio is headquartered at 3611 Paesanos Pkwy #300, San Antonio, Texas 78231. Vantiv would be one option. In May, the company announced the acquisition of payment facilitator (or "PayFac") platform EpicPay and integrated solutions provider Change Merchant Solutions. IG - Best overall broker, most trusted. LG rewrote the rulebook for smart platforms with its webOS, starting the trend for minimal, simplified user interfaces back in 2014. Payfactory specializes in embedded payment facilitation (payfac) services for ISVs and SaaS companies. Business Integrations. Compare the best Payment Facilitation (PayFac) platforms for Cloud currently available using the table below. $35/user/month. Stripe builds the. In this guide, we’ll explore what a payment facilitator (often abbreviated as payfac or PF) is, examine the considerations and costs of different types of payfac solutions, and identify the best ways to add payments to a platform or marketplace. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. The best PayFacs utilize automated smart. When you are listed, you help secure the promise of a trusted payment system by highlighting your investment in data security and the. WordPress: Best for customization. Read more. Software platforms leveraging BlueSnap’s Embedded Payments and Payfac-as-a-Service solutions can build more meaningful revenue streams because of the ability to profit from payments revenue as. All notices to you and/or Client. P. The best person to handle your PayFac’s risk. Our 5 Best Day Trading Platforms for 2023. Private Sector Support. Estimated costs depend on average sale amount and type of card usage. Compare the best On-Premise Payment Facilitation (PayFac) platforms of 2023 for your business. Billing and Invoicing: Create stunning invoices using our powerful invoice editor, which is integrated into your accounting system. As the merchant of record, a PayFac can aggregate and process the card payments for as many “sub-merchants” as they would like underneath their umbrella. Compare the best Payment Facilitation (PayFac) platforms in Asia of 2023 for your business. These systems will be for risk, onboarding, processing, and more. To become a Mastercard merchant, simply contact an acquirer for a merchant account application. Compare the best Payment Facilitation (PayFac) platforms in Germany of 2023 for your business. Our unique platform allows merchants and our partners to anticipate and react to future business developments with in-depth and robust analysis that can inform business decisions and drive operational efficiencies. Multiple business models with one tech stack lets you scale from zero-overhead payments revenues to licensed payfac on one platform. Additionally, PayFac-as-a-service providers offer increased security measures to protect. crypto exchanges, founded in 2011 during crypto’s Paleolithic era. Reviews and Ratings Write a Review. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. Find the highest rated Free Payment Facilitation (PayFac) platforms pricing, reviews, free demos, trials, and more. Amazon is an online giant in both the e-commerce and digital streaming fields. Essentially PayFacs provide the full infrastructure for another. 01274 649 893. More importantly, merchants that use those platforms do not need a direct relationship with a payment gateway or the acquiring bank. SAN ANTONIO, April 24, 2023--Usio, Inc. 1. Create better UX through payments with our white labeled, powerful platform. “In addition, the capabilities that both EpicPay and CMS bring to the business are best-in-class. A PayFac is a processing service provider for ecommerce merchants. 2) PayFac model is more robust than MOR model. Titan Fitness Rubber Deadlift Platforms. After Facebook, the most popular social platforms are YouTube, WhatsApp*, and Instagram. To support your PayFac model, a reliable and scalable technology platform is significant. 2. History of payfacs. Proud to be a Zumer! Zūm Rails 4,213 followers 1y See how we started, from humble beginnings to a bright future changing the payments industry. BlueSnap makes embedding global payments into your platform easy. Research salary, company info, career paths, and top skills for Payments Platform Support LeadInvesting. When you enter this partnership, you’ll be building out systems. Another Reason for SaaS platforms to become a PayFac or Payment Facilitator Jul 26, 2018 The Stripe payfac solution, which enables platforms to move faster to embed and monetize payments and whitelabel other financial services such as issuing cards and loans. Payrix enables vertical SaaS companies to: Unlock greater revenue by monetizing your payments; Create better UX through payments with our white labeled, powerful platformTransfer funds with flexible options. Gateway Selection for SaaS and PayFac Payment Platforms; Best Crypto Payment Gateway Solutions for Platforms; How PayFac Model Increases Your Company’s Valuation; Payment Advice. $35/user/month. Real-time aggregator for traders, investors and enthusiasts. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. The buyer and the seller, buyer and platform, seller and platform. Becoming a PayFac can be ideal and even highly lucrative for some businesses, but it isn't a fit for everyone. Mailchimp: Best for all-in-one marketing. When you enter this partnership, you’ll be building out systems. The 15 Most Popular Social Media Sites in 2023. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. On the one hand, these services unlock purchasing power, helping customers manage their finances by accessing affordable, low-cost credit. The payment facilitator model was created as a way of streamlining business’ processes in a way that would allow them to accept electronic. We understand the details of embedded payments and the options for building a solution that is secure, scalable and compliant. A payment facilitator (PayFac) is an organization or company that provides embedded payments, including all the services and solutions that its customers need to accept payments, such as the technical infrastructure and behind-the-scenes processes that make payments happen. They allow future payment facilitator companies to make the transition process smooth and seamless. Embed payments in weeks, not months or years thanks to our developer-friendly APIs. Find the top Payment Facilitation (PayFac) platforms for Lightspeed eCommerce in 2023 for your company. Intro: Business Solution Upgrading Challenges; Payment System Integration; Migrating from One Processor to Another; Legacy System ReplacementA payment facilitator, also known as a “payfac” or payment aggregator, is a payment model that has grown tremendously over the past few years. Integrated with tools for CRM, helpdesk, emailing and many more. 01274 649 895. By David Willey, Benzinga San Antonio, TX --News Direct-- Ringing the bells for this jolly season? Usio Inc. Tons of experience. 3 Ratings. Every payment possibility. Monetize Payments. Payments . Best Broker for Low Costs: Fidelity Investments. Compare the best Free Payment Facilitation (PayFac) platforms of 2023 for your business. Here are the best alternatives to Stripe from providers like Square, Helcim, and Treati. Strategies. Shift4Shop: Best free e-commerce platform. Technically, a PayFac can be used to set up an ISO, but this is usually reserved for online businesses. Meister Weight Lifting Drop Pads. It then needs to integrate payment gateways to enable online. 4 Changes to Member Information or Status 158 2. A tale which. New Zealand -. E*Trade - Best Brokerage Account for Beginners. The amount will vary but a. 0416. as more and more platforms and acquirers look to offer PayFac programs, it’s becoming more accessible than ever. In contrast, PayFacs have one or two processor relationships and onboard ISVs as referral agents. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. 1 Member Acquisitions and Mergers 156 2. Germany. Clear Pricing: With UniPay, hidden fees and surprise charges are a thing of the past. Stripe is the best platform to run an internet. Find the highest rated Payment Facilitation (PayFac) platforms in Germany pricing, reviews, free demos, trials, and more. Integrate Evolve's payment service technology into. It indicates a way to close an interaction, or dismiss a notification. Add a base to your bin shelving to elevate parts to a comfortable picking height and make it easier to clean under it. Fiserv offers a full range of efficient in-house. You must be a full blown credit card and ACH Payfac. Data & Analytics. Pillar 1: Onboarding and underwriting The PayFac handles all of the compliance checks on new merchant applications and ensures that they are safe to bring onto the platform. Find the highest rated Payment Facilitation (PayFac) platforms that integrate with BigCommerce pricing, reviews, free demos, trials, and more. We currently have over. Advertise with us. Compare the best Payment Facilitation (PayFac) platforms of 2023 for your business. That said, the PayFac is. Stripe is the best software platform for running an internet business. Additionally, PayFac-as-a-service providers offer increased security measures. Solutions Developers Resources Contact Sales. Compare the best Payment Facilitation (PayFac) platforms in Africa currently available using the table below. Unlike payfacs, ISOs set up individual merchant accounts for each business they service. Stripe users can take advantage of prebuilt, optimized UIs or custom-built onboarding flows, making it easy for platforms and marketplaces to get their users up and running quickly. Those are leading a fast-growing elearning. Cross-platform data sharing Enjoy full control over fast, smooth, and 100% secure data sharingOur team has over 30 years experience. If onboarding clients with no friction is most important to your platform then one of the Payfac option’s is the best fit. TD Ameritrade - Best Trading Platform for Educational Resources. Our side-by-side tests placed the greatest importance on low. Email*. The best payment platform providers (like Tilled) tick several boxes that help ISVs get the most out of payment processing. Private Sector Support. Another major market player, United Thinkers, provides a robust licensable UniPay Gateway solution for both merchants and payment facilitators. The Best Blogging Platforms of 2023. NerdWallet evaluated forex brokers on their trading platforms, commissions and currency pairs to determine the best brokers for trading currency. This article is part of Bain's report on Buy Now, Pay Later in the UK. A single platform to power your restaurant. GETTRX's PayFac-as-a-Service allows SaaS platforms and ISVs to lower customer acquisition costs, and increase customer engagement. Stripe Terminal is fully compatible with Connect, enabling your platform or marketplace to accept in-person payments. Virtual Healthcare Platforms. What SaaS & E-commerce Companies Need to Know About Payment Facilitator Regulations, and what key regulations. The Visa Global Registry of Service Providers is the payment industry's designated source for information on registered and compliant agents that provide payment-related services to Visa clients and merchants. Compare the best Payment Facilitation (PayFac) platforms of 2023 for your business. 1. Set up merchant management systems. Focus on your core business and leave payments to the experts. Apply for the Job in Payments Platform Support Lead at Cincinnati, OH. Crypto News. Implementation of PayFac model creates a new revenue stream and, thus, increases the bottom-line annual revenue of the company, leading to valuation growth. REPAY combines the best, established solutions with our extensive network of integrations enabling clients to quickly accept and make payments, all from a single platform. When PayFac became a buzzword among software platforms and the many businesses trying to sell to them, the meaning of the word started to blur. But In 2021, edX was acquired by 2U for $800M. One of the main benefits to adopting the Payfac ® model is the increase in revenue you get from each transaction processed using your software. Lets you manage subscriptions, recurring payments, invoicing. Payfac API Integration; Pricing. Compare the best Government Payment Facilitation (PayFac) platforms of 2023 for your business. payment aggregator. Categories of PayFac Software Companies There are many different types of industry-specific software platforms that have harnessed the PayFac model. PayFacs provide a similar. By bringing payments in-house, platforms can create new revenue streams from transaction fees, significantly boosting revenue per customer. In 2022, embedded payments and payfac-as-a-service will grow in popularity as software platforms see the benefits of monetizing payments.