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The MasterCard Payment Facilitator Module
- How to Accept Credit & Debit Card Payments | Mastercard
Start accepting Mastercard credit & debit card payments...
- How to Accept Credit & Debit Card Payments | Mastercard
Mastercard defines a payment facilitator as a service provider that is registered by an acquirer to facilitate transactions on behalf of submerchants. Mastercard has implemented rules governing the use and conduct of payment facilitators. Please see Rule 7.8 in the Mastercard Rules.
For businesses that choose to become payment facilitators, the benefits of the PayFac model are tremendous. In this article, we’ll delve into how the payment facilitator model works, why it’s different from traditional models, and how software companies can start operating as PayFacs.
Aug 17, 2023 · A Payment Facilitator (PayFac) model is a framework that allows a software platform to act as a master merchant that facilitates and processes transactions on behalf of its clients, typically small or medium-sized businesses (SMBs).
In this guide, we’ll explore what a payment facilitator (often abbreviated as payfac or PF) is, examine the considerations and costs of different types of payfac solutions, and identify the best ways to add payments to a platform or marketplace.
Start accepting Mastercard credit & debit card payments online, in-app or in-person to enhance sales & customer experience. Find an acquirer & payment facilitator.
What is a payment facilitator? Payment facilitators (Payfacs®) are service providers sponsored into the payments network(s) by an acquirer. They are able to contract with, oversee, and manage a portfolio of submerchants, i.e., handle underwriting, risk monitoring, settlement, etc. PAYMENT FACILITATOR MODEL 2 | Who is a good fit to be a Payment ...
