Remove Credit Cards Remove Risk Management Remove Software & Service Providers
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ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

ISVs create software platforms for various industries, including business management, healthcare, and finance. Now, there are two ways that a software service provider can become a payments provider. PayFacs facilitate credit card transactions between merchants and payment processors.

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What Is an ACH Payment Facilitator?

Stax

Reduce processing fees and costs ACH payments cost much less compared to credit card payments. Card transactions are, in fact, the most expensive mode of payment as fees are calculated based on a percentage of the transaction. Likewise, AI algorithms can identify patterns that can indicate fraudulent activities.

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