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How to Streamline Your SaaS Clients’ Merchant Underwriting Process—and Improve Adoption Rates

Stax

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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What Is an ACH Payment Facilitator?

Stax

In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8 This was 3% higher than the volume from the same quarter in the previous year. After this, it usually takes about 3-5 days to get approvals post the underwriting process. This makes ACH PayFacs a desirable option for small businesses or start-ups.

ACH