7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. As a result, customers can facilitate a smooth payment process in their native currency without additional conversion charges. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. New source of revenue. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. For. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Payment processors facilitate communication between the business, issuing bank (customer’s bank), and acquiring bank (the business’s bank). For. In recent years, some enterprising providers have pioneered new models for payment processing, engaging more directly with the merchant and becoming. 1: If a payment facilitator exceeds US $50 million in annual Visa transaction volume, the. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. Let's break down what payment aggregator and payment facilitator have in common and where they vary. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. For. As a result, customers can facilitate a smooth payment process in their native currency without additional conversion charges. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. 4. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Both aggregators and facilitators offer similar benefits from the. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. Payment Facilitator. The Payment Aggregator can quickly onboard a new merchant (typically a user of the SaaS offering) and they can begin. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. apac@bambora. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. A major difference between PayFacs and ISOs is how funding is handled. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. US retail ecommerce sales are expected to reach $1. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. US retail ecommerce sales are expected to reach $1. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. aggregator, a payment facilitator is a third party agent that contracts with an acquirer to THE ACQUIRER A Visa Client licensed to provide card acceptance services. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. Be calm. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. For. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Home Finance Payment Aggregators vs. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. Classical payment aggregator model is more suitable when the merchant in question is either an. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. In other words, a payment facilitator is not the MOR; each of its sub-merchants is the MOR for its own sales transactions. payment aggregator. Looking to distinguish between Payment Facilitator and Payment Processor? Gettrx is here to help. Payment facilitators streamline the process of setting up a merchant account, perform their underwriting process, and offer value-added services, but they can be more expensive and less scalable. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. or by phone: Australia - 1300 721 163. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. 1: If a payment facilitator exceeds US $50 million in annual Visa transaction volume, the. For. For. For. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. When it comes to choosing between a PayFac and an ISO, the best option depends on your business's specific needs and preferences. For. A Payment Facilitator (PayFac) is an intermediary organization that revolutionized the landscape of electronic payment processing by serving as a gateway for smaller merchants to accept credit card payments. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. PayFac vs. As merchant’s processing. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. Stripe. For. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. For. Multiple payment options allow the customers to pay in flexible and novel ways via digital transactions. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. For. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. TL;DR. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. For. For. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. More resources Payments Payment processor vs. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Payment facilitator model is suitable and effective in cases when the sub-merchant in question is a medium- or large-size business. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Facilitators: The. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. A payment aggregator is a 3rd-party payment service provider (PSP) that allows merchants to process payments without having a merchant account. They manage the entire transaction process, from when a customer makes a payment to when the funds reach the business. THIRD PARTY AGENT An entity that provides payment related services on behalf of a Visa Client. For. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. PayFac vs. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. For. See full list on blog. US retail ecommerce sales are expected to reach $1. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. US retail ecommerce sales are expected to reach $1. For. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. US retail ecommerce sales are expected to reach $1. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. The main difference between an aggregator and a facilitator is the type of MID you’ll be assigned. A payment processor executes the money transfer by exchanging data between the merchant, the issuing bank and the acquiring bank. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. Payment Facilitator benefits: 1. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. Sub-merchants operating under a PayFac do not have their own MIDs, and all transactions are processed through the facilitator’s master merchant account. It’s also estimated that. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. In a payment aggregator, all merchants use the aggregator's MID, whereas a PayFac will sign each merchant up using a sub-merchant account with separate ID numbers. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. payproglobal. For. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. The key difference between a facilitator and an aggregator is that the first provides merchants with their own. Payment Facilitators and Payment Aggregators. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. The second type is a more modern, technology-first payfac solution from a commerce provider like Stripe. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. Companies cater to a variety of customers across varied geography. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. The main difference between an aggregator and a facilitator is the type of MID you’ll be assigned. Key Takeaways What’s Involved in the Electronic Payment Transaction Process? What is a Payment Facilitator? What is a Payment Aggregator Payment. So, what’s the difference? While the two may seem similar, and they do work hand-in-hand, a closer look at the terminology will help differentiate the role of each. Let's break down what payment aggregator and payment facilitator have in common and where they vary. US retail ecommerce sales are expected to reach $1. The payment aggregator will simply sign you up under their own MID. PayFacs and payment aggregators work much the same way. Aggregation is a payment facilitator that differs from the traditional model. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. payment facilitator program, please consult the Visa Rules. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. You’ll understand if financial transactions will grow. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. Payfacs have more control over the flow of funds. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. apac@bambora. For. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. In summary, the differences between payment aggregators and payment processors are significant and the right decision for you depends on a number of factors. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. For. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. US retail ecommerce sales are expected to reach $1. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. For. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. For. The customer then selects the relevant option and proceeds with the payment. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. Aggregate processing means the funds from transactions are paid out to the PayFac first, who then distribute. Payment aggregators and facilitators are often confused. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. A Payment Facilitator, PayFac for short, is simply a sub-merchant account for a merchant service provider. They are used interchangeably yet mean distinct things. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. The aggregator is what. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. A payment facilitator has a contract with the acquiring bank, which processes customers' credit card payments to merchants, and merchants on a sub-merchant platform. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. What’s involved in a credit card transaction? First things first. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. Sub-merchants operating under a PayFac do not have their own MIDs, and all transactions are processed through the facilitator’s master merchant account. It works by. A payment aggregator specializes in small businesses. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. Fill out the contact form and someone from the team will be in touch. According to a recent study, by 2025, the global gross payment volume processed by payment facilitators is expected to reach over $4 trillion. For. Also, they may charge setup and maintenance fees. For. This is why smaller businesses benefit the most from these payment providers. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. ”. Aggregators usually offer less expensive processing for a low number of transactions due to their simpler model. “A payments facilitator (or PayFac) allows anyone who wants to offer merchant services on a sub-merchant platform. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. R A sponsored merchant is a merchant whose payment services are provided by a payment facilitator. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. They transmit transaction information and ensure that payments are processed correctly. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. The master merchant account represents tons of sub-merchant accounts. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. One of the sole purposes of a payment aggregator is to provide a streamlined payment solution that’s a shortcut from traditional payment methods. Examples of PSPs include independent sales organizations; a POS software provider, servicing fitness centers or restaurants, can be an example of a payment facilitator; an accommodation and lodging service can serve as an example of a payment aggregator. Payment Facilitator vs Payment Processor: 6 Key Differences by Stax Every month, the average U. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. For. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. For. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. Whereas, a payment aggregator chosen after proper research would be beneficial to you as they do not charge many types of fees, like PayKun, only charges a TDR (transaction discount rate). Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. US retail ecommerce sales are expected to reach $1. US retail e-commerce sales are expected to reach US$1. For. It obtains this through an acquiring bank, also known as an acquirer. Sig •eceive settlement of transaction proceeds from an acquirer, on behalf of a sponsored merchant. For. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. For. Companies cater to a variety of customers across varied geography. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. A payment facilitator needs a merchant account to hold its deposits. US retail ecommerce sales are expected to reach $1. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. A payment facilitator is a merchant service provider that simplifies the merchant account enrollment process. For. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. A major difference between PayFacs and ISOs is how funding is handled. A payment processor executes the money transfer by exchanging data between the merchant, the issuing bank and the acquiring bank. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. ) with the help of a payment processor. Payment processors offer the functionality for merchants to start accepting payments and route them through banks and card networks. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. A payment facilitator is permitted under the card brand rules to submit the transactions of an identified group of third-party sub-merchants for processing through its own merchant account. For. For. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. 7 trillion by 2026, and an entire industry has appeared to provide online payment processing services. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. For. Payment Facilitator. For. Payment Processors. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. For. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. For. Processors follow the standards and regulations organised by. For. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. For. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. How to choose a payment. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. It's also the perfect model for marketplaces and software platforms that manage merchants, as much of the legwork and complexity of onboarding and underwriting is handled by the facilitator. A Payment Aggregator or Facilitator [Payfac] can be thought of as being a Master Merchant-facilitating credit, debit card and ACH transactions for sub-clients within their payment ecosystem. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. The traditional method only dispurses one merchant account to each merchant. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. In an acquiring context, a payment facilitator is a third party agent that may: •n a merchant acceptance agreement on behalf of an acquirer. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Becoming a Payment Aggregator. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. For. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. Once the company verifies the card and performs a fraud check, it forwards the information to the issuing bank via the payment processor. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. Payment aggregator vs payment facilitator. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. aggregator, a payment facilitator is a third party agent that contracts with an acquirer to THE ACQUIRER A Visa Client licensed to provide card acceptance services. There are many different types of payment service providers, including payment facilitators (payfacs) and payment aggregators. What’s the difference between a payment facilitator (payfac) and a payment aggregator? Here’s what businesses should know. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. What is a payment aggregator? A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. A payment aggregator specializes in small businesses. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services.