Remove Accounts Remove Software & Service Providers Remove Underwriting
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How to Streamline Your SaaS Clients’ Merchant Underwriting Process—and Improve Adoption Rates

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The first step is to find a partner that can provide the right payment technologies and services to your customers. From there, your users must go through an application and underwriting process that determines their eligibility to accept payments. What Is Merchant Underwriting?

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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

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There are two main ways that an ISV can become a payment provider—by adopting the ISO model or the PayFac model. In the ISO model, an ISV partners with a third party that handles merchant account setup, payment processing, risk, and compliance. Now, there are two ways that a software service provider can become a payments provider.

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What Is an ACH Payment Facilitator?

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This enables business owners to accept payments directly through their SaaS platform without needing a Merchant ID (MID)—as is the case with traditional merchant account providers. Instead, the PayFac uses its master merchant account to facilitate payments for its sub-merchant accounts.

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