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

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The writing on the wall is clear—businesses need to start accepting digital payments and software providers need to start offering payment services one way or another. ISVs create software platforms for various industries, including business management, healthcare, and finance.

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What Is an ACH Payment Facilitator?

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This is pretty much similar to the service that PayPal offers. A PayFac sits right in between the two and provides payment processing services through sub-merchant accounts. The main difference, however, is that ISOs repackage and sell payment processing services on behalf of a different, possibly larger company.

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