We handle billions of dollars every year for forward-thinking businesses around the world. 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. Strategies. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an. The first is the traditional PayFac solution. Payrix is the only PayFac ® as a service platform built by a payment facilitator, exclusively for software platforms. 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. On the one hand, these services unlock purchasing power, helping customers manage their finances by accessing affordable, low-cost credit. This year we have expanded to new verticals in Online Trading, Fintech, Digital. Focus on your core business and leave payments to the experts. 1. (NASDAQ:USIO) certainly is, as it got to ring. 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. Wix: Best for drag and drop. Exact Payments is a team of payments experts with years of experience helping clients build and manage payments solutions. Future of Fintech is hosted by Immad Akhund, Founder and CEO of Mercury and Sheel Mohnot, Partner at Better Tomorrow Ventures. Technology platforms and e-commerce marketplaces assist merchants with accepting online payments by providing ditigal services for companies in various industries. The payment facilitator model was created as a way of streamlining business’ processes in a way that would allow them to accept electronic. Payment Optimizations. Becoming a PayFac expert isn’t required to achieve either of those goals. 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. m. The Stripe payfac-as-a-service solution is designed to help platforms drive revenue by fully embedding payments, among other financial. You can contribute with a donation, share this page with friends, or help fun. On. The Worldpay PayFac® experience goes the distance from boarding sub-merchants to collecting payments, reducing risk, and more. 20 fee being assessed. Plus, you’ll enjoy the ease of flat-rate pricing, support for a. Panopto. One is that it allows businesses to monetise payments effectively. Strategies. Key components of a PayFac platform include: Onboarding. But, he noted, the software firms themselves have a much more vested interest in outsourcing the. Evolve Support. 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. Payment Facilitator Get Started PayFac® solutions, at your service Worldpay from FIS is your advocate for payment facilitator solutions. Blog White Papers Remote trends in 2023. Integrated with tools for CRM, helpdesk, emailing and many more. This sounds complicated, but at the most basic level, a payments facilitator is a way of outsourcing part of your business to an intermediary contractor. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. Get in touch for a free detailed ROI Analysis and Demo. Although its net profit only increases by 0. Tons of experience. 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. Obtain PCI DSS Level 1 certification. It’s challenging to keep track of fees, who has risk, and how each transaction is settling out. Put our half century of payment expertise to work for you. 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. PodBean is a podcast hosting platform with live streaming capabilities. You have to decide on a payments solution right now because you won’t be able to change or pivot later. Read More . 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. Discover flexible, scalable solutions that fuel your growth and transform the payments experience to delight your customers. The payment fees are taken from this so they might see $96. The PayFac is liable for processing the accounts of their sponsored merchants and often offer additional features like transaction processing support, new account underwriting review, transaction. While some software providers starting out as an ISO or referral partner may elect a managed payfac solution as the next logical tech enablement progression, other providers may not want to relinquish visibility and control to a third-party provider. Optimize your finances and increase automation with our banking infrastructure. $35/user/month. 2. By David Willey, Benzinga San Antonio, TX --News Direct-- Ringing the bells for this jolly season? Usio Inc. 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. The payfac model has catapulted into the mainstream, thanks to payments disruptors like PayPal, Square, and Stripe. Compare the best Payment Facilitation (PayFac) platforms with a Free Trial of 2023 for your business. Another major market player, United Thinkers, provides a robust licensable UniPay Gateway solution for both merchants and payment facilitators. More importantly, merchants that use those platforms do not need a direct relationship with a payment gateway or the acquiring bank. Creating a live stream on your desktop or via the PodBean app is quick and simple, and you can share your live show on social media. Set up merchant management systems. Accept payments online, in person, or through your platform. S. 0417. Weebly: Best for e-commerce blogging. To put it simply, a PayFac is a service provider specifically for merchants. 1. Interactive Brokers - Great overall, best for professionals. Stripe is the best platform to run an internet business. Enhancements With Stax API. WordPress: Best for customization. (or payfac) with the card networks, since it was seen. United Kingdom. e. The difference between a payment processor and a payment gateway lies in the fact that one—payment the processor—is the service provider facilitating the transaction, while the other—the payment gateway—is the communication channel responsible for securely transmitting the payment data to the payment processor and credit card networks. Stripe builds the most. So, MOR model may be either a long-term solution, or a. Understanding the Payment Facilitator model. Here’s how a payfac-as-a-service solution will boost your revenues: You pay the payment facilitator – 2. 05 per transaction + $6 per monthly active account. Online Learning: Courses and Classes on SkillShare. EdX is one of the largest MOOC platform in the world, with more than 46 million learners. Usio’s acquiring business, which includes their PayFac platform, saw a 35% increase in transactions processed in the second quarter of 2022 (over the same quarter in 2021) and represented the. What Are the Best PayFac Platforms? Before starting our list, it is important to mention that different platforms have different unique selling propositions, meaning that they will cater to each individual need of your company differently. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. Fortis also. We obsessively seek out elegant, composable abstractions that enable robust, scalable, flexible integrations. Stripe and Square are two examples of well-known PayFacs that are incredibly popular with business owners in a wide variety of industries. Linkedin'ers!!! What. 3 Ratings. Payment-facilitation-as-a-service unlocks multiple benefits for software platforms and any company dealing with merchants. Becoming your own payment facilitator versus choosing PayFac-as-a-Service is a tough choice, and much depends on the payment volumes you expect to process annually. 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. United States. View Platform. 01274 649 893. Demo. Payrix. payment aggregator. Offering similar services to popular payment processing tools like Stripe and PayPal, PayFac is a third-party merchant service provider. , invoicing. 6. A typical promising platform may be best served by a payfac-alternative model. Merchant Card Processing Operating Guide v8. 01332 477 853. We would like to show you a description here but the site won’t allow us. Becoming a payment facilitator is a change to your operational and support models, has and it pays long-term benefits. Simply the best payfac company in Canada. If you use direct charges, all Terminal API objects belong. History of payfacs. Compare the best Free Payment Facilitation (PayFac) platforms of 2023 for your business. ISOs often provide a range of services, including equipment sales or leasing—for example, point-of-sale (POS) terminals —transaction processing, and. Payrix is the only PayFac ® as a service platform built by a payment facilitator, exclusively for software platforms. This week’s Future of Fintech is on the future of payment facilitators, discussing how to build a payfac, how to choose between using different payfac, opportunities in this space, and much more. Squarespace: Best all-in-one. 99) Gamegenic Sidekick 100+ XL Convertible Deck Box (green) is $14. Strategies. Only One-Third of eCommerce Merchants Know if Fraud Caused a Failed Payment. In this model, the white-label payfac provider takes care of the underlying technology, payment processing infrastructure, compliance, and risk management. The Payment Aggregator can quickly onboard a new merchant (typically a user of the SaaS offering) and they can begin. PayFac is short for payment facilitator. This ability to board customers without forcing them to apply for a traditional merchant account affords friction-free onboarding. History of payfacs. Payments infrastructure for smarter, faster processing. “A payments facilitator (or PayFac) allows anyone who wants to offer merchant services on a sub-merchant platform. PayFacs provide a similar. With the exception of processors catering to high-risk industry, they also offer month-to-month billing. Grow your business with automated revenue and finance. If you’re a SaaS executive considering integrating payments into your software platform, there are usually two ways to go about it: partner with an integrated payments company or register as a payment facilitator (PayFac). payment aggregator. Payment facilitation helps you monetize. PayFac-as-a-Service. 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. With annual sales in the billions, Etsy is considered to be a lucrative platform for online selling. This solution involves you partnering with either (1) an acquiring bank or (2) an acquirer and a payment facilitator vendor. 5. Fortis manages everything for you – underwriting, fraud monitoring, funding, gateway reporting, and chargeback management. If your rev share is 60% you can calculate potential income. Step 2: Segment your customers. It then needs to integrate payment gateways to enable online. History of payfacs. Revenue and Finance Automation. In other words, ISOs function primarily as middlemen (offering payment processing), while PayFacs are payment facilitation. . 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. 2) PayFac model is more robust than MOR model. There are numerous PayFac-as-a-service benefits. With UniPay Platform you have the options of an affordable white label payment gateway solution, a full on-premise. It's no surprise then that Amazon Music Unlimited offers a feature-packed listening experience that has earned the. The rise of telemedicine and virtual healthcare platforms has also seen the integration of. Stax Connect is a unique payment ecosystem that allows for unparalleled portfolio growth via technology and payment monetization. Make and take payments. Find a job. The Power E*Trade platform is one of the highest rated, and both the standard E*Trade and Power E*Trade platforms are. 2. Drupal: Best for developers. Basic features of a crypto solution for platforms. Robinhood is an efficient options trading platform that captures a spot as both one of the cheapest and one of the best options brokers. History of payfacs. An example would be a SaaS platform that provides plumbers and home service providers an application that help them. Start. How can we make these interactions seamless, scaleable and safe? Stripe’s initial creation was really a vertical or linear digital product play, providing a best-in class payfac to companies looking to accept payments. Out-Of-The Box Payments Compliance. After all, option No. Compare the best Payment Facilitation (PayFac) platforms in China currently available using the table below. . You must be a full blown credit card and ACH Payfac. Museum - Salary - Get a free salary comparison based on job title, skills, experience and education. We partner with companies of every shape and size, offering all the features and. 01274 649 893. Hosted Checkout. Facebook. Explore the full list below. Real-time Payments and Global Bank Transfers. Registered payment facilitators earn 20-40 basis points more per transaction than they would riding the rails of another wholesale PayFac. Take Advantage of the Biggest Financial Event in London. So you want to be a PayFac? The 1 question you must answer. View: Open Source Commercial. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. Typically, it’s necessary to carry all. History of payfacs. $35/user/month. Integrate Evolve's payment service technology into your software platform and you can start offering your customers a seamless payments journey right away. Here are the best crypto payment gateway providers, including Coinbase Commerce, BitPay, and CoinGate. The payment facilitator model was created as a way of streamlining business’ processes in a way that would allow them to accept electronic. Just like some businesses choose to use a third-party HR firm or accountant,. 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. 1. According to research from J. Sign up for free. Grow your business with automated revenue and finance. Now thanks to the lessons learned the new payment systems include the three. Strategies. Find the highest rated Payment Facilitation (PayFac) platforms that integrate with BigCommerce pricing, reviews, free demos, trials, and more. In addition, you and Client shall use its best efforts to send all notices to Exact via email with receipt acknowledged to [email protected]. Embedded experiences that give you more user adoption and revenue. Explore the extensive features of Chargebee - a comprehensive recurring billing and subscription management software. Webull - Best Investment App. Some of the best online learning platforms include LearnWorlds, Coursera, Skillshare, Udemy, Docebo, Edx, Moodle, Teachable, and Thinkific. Uncomplicate your commerce. This solution involves you partnering with either (1) an acquiring bank or (2) an acquirer and a payment facilitator vendor. 01274 649 895. GETTRX's PayFac-as-a-Service allows SaaS platforms and ISVs to lower customer acquisition costs, and increase customer engagement. 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. Message*. Choose from our selection of build-your-own fixed work platforms, adjustable-height work platforms, fixed work platforms, and more. A single PayFac-as-a-Service solution gives your bank the ability to help your SMB clients reach their objectives by: Retaining more customers – Keeping up with the current payment acceptance solutions ensures your SMB client won’t lose its customers to other, more technologically advanced alternatives. An example would be a SaaS platform that provides plumbers and home service providers an application that help them. Now software businesses can earn revenue by acting as a payment facilitator (PayFac) with Exact’s PayFac-as-a-Service (PFaaS) solution. 1. It includes an onboarding gateway for merchants with different. Where becoming a PayFac could take as long as two years and cost millions of dollars to. This affords more control over the customer experience, pricing, and speed. Payment processing is inherently risky. Businesses can choose the model that best suits their needs. FOREX. Billing and Invoicing: Create stunning invoices using our powerful invoice editor, which is integrated into your accounting system. They allow future payment facilitator companies to make the transition process smooth and seamless. Our suite of tools and services offers a choice of funding options, settlement, revenue generation, and risk management capabilities for payment facilitators. Chances are, you won’t be starting with a blank slate. Are processing any amount in total payments volume (TPV)—from $0 to over $1B. Find the top Payment Facilitation (PayFac) platforms for Leadmonk in 2023 for your company. CMC Markets - Excellent overall, best platform technology. We handle partial payments, automatic failed payment retry, and automatic payment recovery. ), and merchants. 01274 649 895. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. Two crossed lines that form an 'X'. The choice between a PayFac and a payment processor depends on your business needs, industry, and desired level of support. Our core technology is the Network Applications that enables users. If you are an existing Bambora customer who needs assistance there are our support guides that can be found here. Here are the best alternatives to Stripe from providers like Square, Helcim, and Treati. Compare the best Payment Facilitation (PayFac) platforms in Canada of 2023 for your business. More importantly, merchants that use those platforms do not need a direct relationship with a payment gateway or the acquiring bank. In many cases an ISO model will leave much of. only. Read more. 01332 477 853. With IntelliCorp, you also have access to an online learning center full of materials to help you stay compliant in your hiring practices. Payfac API Integration; Pricing. 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 tale which. Business payments. Diversity, equity and inclusion. How to PayFac: What Software Platforms Need to Know. Payment facilitators, commonly referred to as PayFacs, are intermediaries who are able to deliver value to the payments industry by a simple match merchants01332 477 853. Checks. Firstrade. next-level service: 24/7, every day of the year. But of course, there is also cost involved. See Platform. Note: Pattern day traders — as defined by the SEC — must have at least $25,000 in equity in their accounts and be approved for. Louis Hoch is listed as the vice chairman, president, CEO, and co-founder of Usio. 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. Stripe is the best software platform for running an internet business. x. That said, there has been controversy over how the store offers such low prices. We handle billions of dollars every year for forward-thinking businesses around the world. He co-hosts The Besties, is a board. 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. Route payments, split funds, change user information, send money, issue refunds, manage chargebacks, create customizable reports. Mailchimp: Best for all-in-one marketing. Recurly. Find the highest rated Payment Facilitation (PayFac) platforms with a Free Trial pricing, reviews, free demos, trials, and more. Recurly is a payment processing platform that gives businesses control over their subscription billing and payments. Here are nine myths about PayFac platforms that are rooted in that past and in an environment of fear, uncertainty, and doubt. 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. A Payment Facilitator or PayFac simplifies merchant account enrollment which allows smaller companies to quickly gain the upper hand. Payment facilitators, or PayFacs, is a single merchant ID (MID) with a payment service provider and board ‘sub-merchants’ under their own MID, essentially acting as one large merchant account. Cons: Significant undertaking involving due diligence, compliance and costs. Registered payment facilitators earn 20-40 basis points more per transaction than they would riding the rails of another wholesale PayFac. Intellicorp provides a full range of best background check services and will work with you to create a program that meets your organizational needs. Compare the best Payment Facilitation (PayFac) platforms for Cloud currently available using the table below. Empowering commerce for all starts with our inclusive and diverse workforce. Learn More. Our technology enables businesses to scale, fast. Payfacs work by having a master merchant account (and a master MID) through its relationship with acquiring banks. Virtual Healthcare Platforms. Get in touch for a free detailed ROI Analysis and Demo. Private Sector Support. May 31, 2023Compare the best Payment Facilitation (PayFac) platforms for BigCommerce of 2023. Podbean. This payroll software provides a cloud-based platform that enables users to access information related to payroll from anywhere remotely. Facebook is the largest social media platform in the world. The best Stripe competitors combine transparency, low processing fees, and excellent support for eCommerce. Stax's API is designed to make it easy for ISVs and developers to power their payments. 1. Start generating profits from every. A Payment Aggregator or Facilitator [Payfac] can be thought of as being a Master Merchant-facilitating credit, debit card and ACH transactions for sub-clients within their payment ecosystem. Amazon is an online giant in both the e-commerce and digital streaming fields. Titan Fitness Rubber Deadlift Platforms. This platform offers a solid range of coins with very competitive trading fees. UniPay Gateway is the leading Omnichannel payment processing and management solution for PayFacs, Saas and equity firms operating worldwide. By bringing payments in-house, platforms can create new revenue streams from transaction fees, significantly boosting revenue per customer. Zoho Campaigns: Best for fully integrated business suite. The way Terminal creates API objects depends on whether you use direct charges or destination charges. Shopify: Best for AI functionality. DENVER, October 10, 2023 — Infinicept, a leading provider of embedded payments, and Payment Visor, a payment management consulting firm, today announced a partnership that brings together critical payments expertise with Infinicept’s Payfac -as-Service and embedded payments platform. S. Obtain Payments Institution (PI) or Electronic Money Institution (EMI) license if needed (Europe-specific) Build your platform. To learn. Ready to experience PayFac-as-a-Service? Take full advantage of the benefits of payment facilitation, without any of the headaches, regulatory compliance, or liabilities of becoming a fully registered payment. Registered payment facilitators earn 20-40 basis points more per transaction than they would riding the rails of another wholesale PayFac. It is when a business is set up as a primary merchant account and provides payment processing to its sub-merchants. A payment facilitator (or PayFac) is a payment service provider for merchants. History of payfacs. In contrast, PayFacs have one or two processor relationships and onboard ISVs as referral agents. The best PayFacs utilize automated smart. Traditional payfac solutions were popularized in the late 1990s as a way to help small- and medium-sized businesses accept online payments more easily. Fully managed payment operations, risk, and. It needs to obtain a merchant account, and it must be sponsored into the card networks by a bank. Multiple business models with one tech stack lets you scale from zero-overhead payments revenues to licensed payfac on one platform. 3 Ratings. But the model bears some drawbacks for the diverse swath of companies. Completely customize your payments program to create more value, managing fees and commissions on features that power recurring revenue strategies for your business. We handle partial payments, automatic failed payment retry, and automatic payment recovery. Here, you can sell your handmade goods, art, collectibles, and antiques. When accepting payments online, companies generate. The Company operates credit, debit/prepaid, and ACH payment processing platforms to deliver convenient, world-class payment solutions and services to their clients. The amount will vary but a. 1. Platforms and. Remittance service providers are also known as ‘money transfer businesses’. This is a great webinar for any organization that needs to comply with the new Nacha data security requirements that apply to #ACH account data accepted…Best Practices. With BlueSnap’s Embedded Payments and Payfac-as-a-Service capabilities, you can own a global customized. At Revision Legal, we protect businesses that thrive online, and understand the connections between law, technology, and business. Best Reporting in the Industry. The PayFac model is ideal for online marketplaces because each third-party vendor can be registered under the PayFac’s main payment processing account. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. The Best Email Marketing Software of 2023. To support your PayFac model, a reliable and scalable technology platform is significant. We have the technology, coaching, and cutting-edge tools to realize your payment vision and create best-in-class user experiences. With Fortis’ PayFac solution, software developers and merchants can leverage award-winning APIs and leading payment technology to scale their business. All notices to you and/or Client. 99 (was. 8. Make safe and efficient cross-border payments through our maritime payment platform. This diversification enhances its market presence and resilience. Select Region. Flex your solution, improve your margins. Payment Processing: BlueSnap is processor agnostic and provides integrations to all types of payment solutions from credit card payments, ACH, SEPA to wires. Compare the best Payment Facilitation (PayFac) platforms in Europe, read reviews, and learn about pricing and free demos. Unauthorised use may contravene applicable laws including the Computer Misuse Act 1990. a merchant to a bank, a PayFac owns the full client experience. A best-in-class payment solution. Additionally, PayFac-as-a-service providers offer increased security measures. Design the interactions that make the platform successful. If onboarding clients with no friction is most important to your platform then one of the Payfac option’s is the best fit. 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. Pros and cons of PayFac platforms. P. Create better UX through payments with our white labeled, powerful platform. 07% + $0. What is a PayFac? RB: A payments facilitator (or PayFac) allows anyone who wants to offer merchant services on a sub-merchant platform. Technology platforms and e-commerce marketplaces assist merchants with accepting online payments by providing ditigal services for companies in various industries. 1 Membership 156 2. We provide that capability to them in a singular. Payfacs work by having a master merchant account (and a master MID) through its relationship with acquiring banks. Benefits and criticisms of BNPL have emerged on several fronts. TD Ameritrade - Best Trading Platform for Educational Resources. The payfac model is a framework that allows merchant-facing companies to. By PYMNTS | January 23, 2023 | Payment facilitation is among the most vital components of monetizing customer relationships — and the role of PayFacs is often misunderstood. Those sub-merchants then no longer. 9% and 30 cent processing fee. Move and manage money. Payments 105. Crowdfunding platforms like Kickstarter have utilized embedded payments to streamline the backing process. Exchange in-app messages with your therapist at any time. Implementation of PayFac model creates a new revenue stream and, thus, increases the bottom-line annual revenue of the company, leading to valuation growth. Where becoming a PayFac could take as long as two years and cost millions of dollars to. Creating a false sense of urgency is a key element in the Fear Uncertainty Doubt (FUD) playbook. We handle billions of dollars every year for forward-thinking businesses around the world. It can bridge gaps between multiple solutions and even extend. A payment facilitator (or PayFac) is a payment service provider for merchants. FIGURE 6: SaaS Provider & Platforms – Observed PayFac Model Progression Journeys . 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. 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. Best fit with ACH only needs and the potential for enough users to offset large monthly fees. If you are not an authorised user of this site, you should not proceed any further. One is that it allows businesses to monetise payments effectively. New Zealand -. History of payfacs. As a seasoned professional with extensive experience in Partnerships, New Business Development and Account Management, I have excelled in driving growth and revenue for organizations in the ISV and commerce-enabling technology space. With Baldur’s Gate 3, you get what you pay for — and more! Chris Plante co-founded Polygon in 2012 and is now editor-in-chief. PayFac vs. 2M) = $960,000 annually. 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. Apply for the Job in Payments Platform Support Lead at Cincinnati, OH. We handle partial payments, automatic failed payment retry, and automatic payment recovery.