What is the meaning of payment facilitation?
Faster and easier payments: Streamlined onboarding enables merchants to accept payments quickly.
Reduced Complexity: PayFacs handle complex tasks like underwriting and compliance, saving merchants time.
Cost Savings: Leveraging a PayFac's infrastructure avoids expenses of setting up merchant accounts.
Enhanced Payment Experience: User-friendly payment experiences increase customer satisfaction.
Scalability: PayFacs offer scalable solutions that grow with businesses.