Remove End User Remove ISOs Remove Master Account
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PayFac Model 101: Payment Facilitators Explained

Exact Payments

Traditional Merchant Services Before the advent of the PayFac model, independent sales organizations (ISOs) were the most popular type of merchant services provider. Acting as intermediaries between acquiring banks and merchants, ISOs sign up merchants with their own merchant processing accounts and resell payment software and hardware.

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How Payment Facilitation Works: An Overview for SaaS Providers

Exact Payments

There are several types of MSPs, including independent sales organizations (ISOs) and payment facilitators. Independent sales organizations ISOs are a type of merchant services provider. They are then able to onboard and aggregate sub-merchant accounts under their master account.