Acquiring & managing merchants has never been easier. Getting started with Cybersource advanced for the simple order API ( PDF) Creating and using security keys ( PDF) Simple order API release notes ( PDF) PIN debit services using the simple order API ( HTML) Back to top ^. Pre-certified for easy integration. Acquirers’ main functions are as follows. ISO = Independent Sales Organization. Global Electronic Technology. Integrating payments can be beneficial both. North American payment facilitators are generally. As a PayFac, Segpay handles the sub-merchant onboarding and provides a fully managed payment processing solution. GETTRX provides solutions to reduce your compliance requirements, easy to integrate functionality, and adaptable options that elevate your customer experience. An ISV, usually, has an option of getting underwritten as a regular payment facilitator by an authorized acquiring bank. What you do. (ISV), you created a clever application for your market. Bolt makes it easy to integrate alternative payment methods. S merchants that process payments via an ISV have, on average, four percent less account attrition with acquirers than all other merchants . The second is to act as a wholesale payment facilitator, which enables the ISV to. An article describing merchant and referral services models, providing alternatives to payment facilitator model ️ VAR, ISV, and next-gen ISO. Fiserv took a different approach and built its own ISV, called Clover. Like payment facilitators, ISOs serve as intermediaries to provide merchants with access to the payments system on behalf of their acquiring bank partners, often serving specific markets with solutions tailored to their needs. The Conference of State Bank Supervisors (CSBS) announced this. Acquirers fund merchants (as well as payment facilitators) from their portfolios. Three key reasons why ISVs are becoming Payment Facilitators: Merchant Onboarding: Traditionally, ISVs formed referral relationships with ISOs and vice versa. The application process only takes 4 minutes, with a 24-hour approval time. Grace PeriodOnline Payments Payment Links Smart Checkout Payment Types Payment Methods Receipts Hosted Payment Pages Omnichannel Payments Onepay Go. Khristin Dickey. It then needs to integrate payment gateways to enable online. Please reference the payments; of 6 /6. 4, 5, or 6 Day courses: USD 2,500 or EUR 2,300 total plus VAT where applicable. RS2 Software is the publicly listed company behind BankWORKS® – a highly scalable, reliable, and. Automated Commercial Card Optimization for B2B transactions to decrease processing fees for merchants, improve payments efficiency, and increase ISV revenues. The Electronic Transactions Association (ETA) is the world’s leading advocacy and trade association for the payments industry. typical Payment Facilitator, all can be “boiled down” to the idea that a Provider (software provider, ISV, community platform, SAAS environment) will incorporate payments and sub-merchant settlement into their solution. As an ISV, it’s crucial to not only provide the capability for credit and debit card acceptance, but to also identify potential value-added services to enhance the payment experience and provide additional revenue streams. This includes personal devices that still have access to the cardholder data environment. An ISV in payments refers to a software company that develops and provides specialised applications to facilitate payment processing and related activities. The Payment Facilitator integrates with the payment partner for processing, but handles all other services and responsibilities themselves. 2 The Payment Facilitator shall ensure that its Sponsored Merchants retain proof of supply. VP, Customer Success. Payments are integral to this goal, and offering payment facilitation will undoubtedly boost your revenues. Splitit and APPS Announce Partnership to Simplify ISO & ISV Installment Payments May 18, 2023 (PRNewswire via COMTEX) -- PR Newswire ATLANTA, May 18,. They also offer processing equipment such as POS systems, card terminals, and payment gateways. 1. OnePay Receipts is a feature that allows you to receive digital receipts for your purchases made with OnePay. merchant, payment facilitator, payment processor, independent sales. g. An ISV can choose to become a payment facilitator and take charge of the payment experience. Payment processing partnerships affiliate, ISO and ISV opportunities. Payment. Each option will differ across multiple key elements: revenue, risk exposure, time to market, compliance obligations. ISV: An Independent Software Vendor (ISV) is a company that creates and sells software. . S. 10 basic steps to becoming a payment facilitator a company should take. Three key reasons why ISVs are becoming Payment Facilitators: Merchant Onboarding: Traditionally, ISVs formed referral relationships with ISOs and vice versa. The ISV® is standard. Acquiring banks willingly delegated them to payment facilitators in exchange for part of liabilities and residual revenues. From onboarding to booking, from point of payment to disbursement of funds. 8 in the Mastercard Rules. Whether you’re working remotely or on-the-go, our online payment gateway provides a fast, secure, and user-friendly. This starts with the merchant application, extending to. The partnership will create many new buy now pay later (BNPL) options for merchants to access as part of APPS white-label acquiring programs for ISO's, ISV's and Payment Facilitators. The market is vast, with over 15,000 software platforms, 280 payment facilitators, and around. The platform is searchable by industry, region (USA/CAN), solution type (POS, PMS, gateway, etc. A payment facilitator is a company (generally an ISV) that allows its users to accept payments through their software using their infrastructure. To optimize the incorporation of Payment Facilitator capabilities into its software, the ISV must proceed through a systematic process with various considerations that affect success. It parallels the ISO model but with some key differences. Our integrated payments solution helps our customers process payments faster and more efficiently by harnessing the power of Chase’s best-in-class solutions and brand. A payment facilitator (PayFac) is a merchant services business that sets up electronic payment and processing services for business owners (merchants), so they can accept electronic payments. Mobile. A payment facilitator (Payfac) provides payment services through aggregating merchant funds into a master, pooled account. A payment facilitator is a company (generally an ISV) that allows its users to accept payments through their software using their infrastructure. Discover our flexible and convenient billing plans and payment options tailored to suit your needs. Initial enthusiasm for this form of direct participation in funds settlement was understandably high. A payment facilitator (PayFac) is an organization or company that provides embedded payments, including all the services and solutions that its customers need to accept payments, such as the technical infrastructure and behind-the-scenes processes that make payments happen. The Visa Global Registry of Service Providers is the payment industry's designated source for information on registered and compliant agents that provide payment-related services to Visa clients and merchants. Enable in-person payments. and in more than a dozen countries around the world. Stripe provides a way for you to whitelabel and embed payments and financial services in your software. Establish a processing partnership with an acquirer/processor. Simplifying Payments for Businesses Everywhere. ) Oversees compliance with the payment card industry (PCI). ISV payment integration benefits & opportunities. Integrating payments can be beneficial both. A complete, all-access merchant and transactional management system. A marketplace facilitator is not required to collect and remit sales and use tax if: 1. Fast, efficient boarding solutions that orchestrate third-party and internal systems to help you turn prospects to customers – face-to-face, on the phone, or online. To get up and running with FACe, an ISV first needs to register as a Pay-Fac. Payment Gateway Features. It’s safe to say we understand payments inside and out. A payment facilitator provider is an aggregated merchant account provider that allows merchants to accept credit cards without individual merchant accounts. In the rapidly changing landscape of modern commerce, the way we pay has undergone a remarkable transformation. 2K Companies $787B Processing. HOW THE PAYMENT FACILITATOR MODEL IS DIFFERENT Underwriting and Onboarding Becoming a Payfac starts the payments relationship between an ISV and its merchant, referred to as submerchant in the Payfac model, off on the right foot by enabling the ISV to fit the underwriting and onboarding experience to its vertical or industry. Payment Facilitators. Card Brands also authorize payment facilitators to accept settlement funds on behalf of their sub-merchants. Integration options for payments. 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. ; Within 61 - 90 days upon expiry of the validation documents, the service provider will be identified by. Point-of-sale system. An ISO acts as a middleman, facilitating the relationship between the ISV and the payment processor. Acquirer’s risk department decides whether to underwrite a prospective merchant or not. An ISO works as the Agent of the PSP. An ISO is a third-party payment processor. Essentially PayFacs provide the full infrastructure for another. NMI is reimagining the payment gateway. Our gateway services provide lodging software developers the ability to easily integrate payment processing or use as a stand-alone virtual terminal for secure payment acceptance with the best support in the industry. RS2 Software’s Daniela Mielke discusses how integrated software vendors and payment facilitators can take advantage of APIs, especially as eCommerce grows. About Us; FAQs;. 3 The Payment Facilitator and Sponsored Merchant shall be liable for the value of the sale. 6T Card Present 4. For many ISV players, monetizing this processing revenue is ancillary or secondary to the software being sold, and so the. It handles merchant account setup and smooths payment acceptance for an ISV or SaaS platform. Compliance lies at the heart of payment facilitation. WASHINGTON, D. Public Sector Support. Integrating to one or more processors. At their simplest, gateways provide a single interface to their users that, once built, lets the party using it switch between acquirers with relative ease in order to get better performance, service. The main difference between payment aggregator and a payment facilitators is that their sub-merchants all have different MIDs in a PayFac. While ISOs, ISVs, and payment facilitators all operate differently, one similarity they all share is a need to carve out a competitive advantage through areas like improved efficiency, better customer relationships, and smarter data use. An ISO is a third-party payment processor. True Payment Facilitation ultimately means you are becoming a payments company. Fast, efficient boarding solutions that orchestrate third-party and internal systems to help you turn prospects to customers – face-to-face, on the phone, or online. ISV Payment Models. Then, the acquirer can offer the ISV different benefits, depending on the type of revenue they are willing to offer. (ISV), banking, and payments industry customers. Payment Facilitators: Catalysts for Acquiring Industry Growth 2011â 2016 TOTAL MARKET ISV1 6% 23% GPV US$5. Payment processor Global Payments rolled out a new payment facilitation service during the second quarter geared toward independent software vendors, CEO Cameron Bready said Tuesday. 1. Let’s start with two versions of a payment facilitator model (see Figure 1). Merchant: A merchant is a business that accepts payments in exchange for goods or services. TOTAL MARKET ISV GPV US$5. ISOs and PayFacs both resell payment processing, but PayFacs do so in a way that can make the model much more attractive, particularly to software. S. SNAP EBT Online – Accept SNAP EBT online payments. 8B1. A. J. 30%. They own the entire merchant experience and the authority and capability of allowing other businesses to accept payments under their merchant umbrella. APPSos is a singular, elegant platform that aggregates & connects all your data throughout the complex world of processing. Integrating to one or more gateways. An ISV considering the payment facilitation model has three implementation options: Build their own Payment Facilitator capabilities. Our payment facilitation model is an API-driven solution that integrates seamlessly with your tech stack. Establish a processing partnership with an acquirer/processor. Functions of a PayFac. MENU MENU. And now, your software can run on select Clover devices, turning your solution. Security. The market is vast, with over 15,000 software platforms, 280 payment facilitators, and around. Payment Facilitator. Payment Facilitators contract directly with the sub-merchant for processing services and perform key payment activities in-house. Essentially PayFacs provide the full infrastructure for another. PayFacs typically leverage the software-as-a-service (SaaS. S. Partner With Us. Elavon and U. Building data retention and privacy program as well as making sure encode card networks are met (2-8 months and $300,000) increases the cost of $750,000. Simplify online payments. They understand how growth occurs within their industry and how a company’s needs change alongside their business. The wisdom of payments processing. We empower business owners to get back up and running and process payments – fast! Building a business and helping small business owners each day is what being an agent is all about. territories. ISV are Set to Make $4. Our modular, feature-rich full commerce enablement platform lets you build innovative software solutions that earn more, better monetize payments and retain customers longer. Payment facilitator compliance is a major hurdle for an ISV looking to integrate payments into its platform, and it is easy to get in over your head. Riding the New Wave of Integrated Payments. Integrated Payments: Integrated payments connect the payment processing function with a business’s other systems and software. Safe. Early drop off: 8:00am, Normal drop off: 9:00am-9:30am. Reduced cost per application. payments with an ISV remain processing with the ISV’s integrated acquirer for 34 months on average, compared to 30 months for all other merchants, U. We provide a global omnichannel payment acceptance platform to our clients. Payment facilitator 7. Payments funding slips further The Latest. An acquiring bank assumes underwriting-related risks and liabilities. An omnichannel payments platform provides complete payment processing solutions. For ISVs looking to pivot into the payments arena, it’s important to understand the reason why becoming a PayFac is the best path forward. But how that looks can be very different. ISO = Independent Sales Organization. Non-compliance risk. ALLPAY CARD PAYMENTS - TERMS AND CONDITIONS. The Role of Payment Facilitators and Rapyd’s Support. The plaform is a series of automated modules that can be adapted to any verical market. P Morgan has supported Payload’s new payment facilitator status, which Payload will utilize to deliver an innovative, unified and API-driven fintech platform. Acquirers’ main functions are as follows. Source: Google Images. ISVs are primarily B2B providers, selling their software to a wide range of businesses in the payments space, including payment facilitators (PayFacs), payment processors, and merchant acquirers. PayFacs play a pivotal role in streamlining the payment process for merchants. Essentially PayFacs provide the full infrastructure for another. they have entered into a written agreement whereby the marketplace seller agrees to assume responsibility for the collection and remittance of tax on sales made through the marketplace facilitator; and 2. Tap to Pay. Such services include: Real-Time Payments, facilitating cash flow management and reducing fraud risk. payment facilitator Evolve your payments business to increase your market share Offer ISVs the capabilities they’re demanding – automated underwriting, instant onboarding and sophisticated back-. Visa Ready. A payment facilitator, also called a PayFac, is an entity that helps companies accept electronic payments. First, a PayFac needs to establish a partnership with an acquiring bank, and get sponsorship to process payments for sub-merchants. Normal Pick up: 3:00pm-3:30pm. A payment facilitator (Payfac) provides payment services through aggregating merchant funds into a master, pooled account. A payment facilitator (PayFac) is an organization or company that provides embedded payments, including all the services and solutions that its customers need to accept payments, such as the technical infrastructure and behind-the-scenes processes that make payments happen. OnePay is more than just a payment solutions provider – we are your partner in growing your business. Becoming your own payment facilitator might be a great business move, but it contains significant risks. Payment facilitators (PayFacs) could do with some northern exposure. Depending on your processing volumes there are two different types of merchant accounts that you will qualify for, either a PSP and an ISO. Increasingly, software providers are offering payments through their platforms. PayFac-as-a-Service (PFaaS) refers to solutions that allow companies to leverage payment facilitator capabilities without having to build and manage their own PayFac operation. The partnership will create many new buy now pay later (BNPL) options for merchants to access as part of APPS white-label. ISVs who establish Payfac capabilities look well-placed to build defensible competitive positions, with lower levels of disintermediation risk in our view. As an ISV or a SaaS company, there’s more value in a payment integration than you might realize, and learning how to monetize the payments flowing through your system really poses no cons to you as a business. ISO prospects (beside payment facilitator model) A payment facilitator (PayFac) is a type of merchant acquirer that provides processing services to companies looking to accept card payments. The PayFac focuses on providing local support to merchants while the acquirers handle the complexity of the. Evolve Support. Integrating payments can be beneficial both. The most common mistake we see ISVs make when it comes to payment facilitation is trying to take on too much, too soon. Nuvei’s Innovation Center is designed as a comprehensive and centralized web-based hub for accessing all Nuvei’s Application Programming Interfaces (APIs) and Software Development Kits (SDKs). It obtains this through an acquiring bank, also known as an acquirer. The underlying role that these fill for a business is to provide merchant services, and you can read our reviews of various merchant service providers here. The beneit to an ISV of becoming a PF is delivering a merchant payment soluion that is highly integrated with its sotware, difereniaing. Payment Facilitaion. We offer a comprehensive solution for partners to test and integrate with our payment portal with ease. But agreement on at least some things could still provide some relief for payment facilitators who are burdened with navigating the state-by-state patchwork of money transmitter licensing. ) Oversees compliance with the payment card industry (PCI) responsible. Sandbox Login and Payment Testing. The three primary options for an ISV to integrate payments include: Integrating to a PayFac. Factor in our simple pricing and quick integration via premade UI components and facilitating payments doesn't get any easier than this. They allow future payment facilitator companies to make the transition process smooth and seamless. Rules of the game for those, who wanted to make some money on payment facilitation services, were set by. “Combine that with the ease of accepting payments that has happened both on the consumer side and the infrastructure side, specifically when it comes to payment facilitators,” said Wadé. PayFacs perform a wider range of tasks than ISOs. However, they differ from payment facilitators (PFs) in important ways. Learn how Global Payments’ partner referral program provides payment technology and software solutions to add value and confidence for your customers. The Payment facilitator is the company that provides the infrastructure necessary for their sub-merchants to begin accepting Credit Card payments. Make your payment gateway systems secure. Wednesday March 29 2023. The acquirer will then pass the information to Mastercard to run the check, and the results will be passed. In particular, the automotive, healthcare, education and furniture sectors will benefit. Card networks, such as Visa and MC, charge around $5,000 a year for registration. A Payment Facilitator, PayFac for short, is simply a way to set up a sub-merchant account for software companies. When making a purchase with OnePay, you can select the option to receive a digital receipt. The payment facilitator provides customer support for sub-merchant payment processing. Elena Moye Johnston is a transformational leader with over 20 years of experience in driving growth and innovation for brands in the games, lifestyle, education, and tech industries. establishes a payment acceptance account with an acquirer and then uses this account to. PFs’ transaction volume is expected to grow 88% YOY and reach $513B by. For each payfac on the Mastercard payment facilitator list we identified two key characteristics: 1) is the company an ISV (independent software vendor) where. This is part of APPS white-label acquiring programmes for ISO’s, ISV’s and Payment Facilitators. Secure. And it’s no surprise, having options raises conversions and average order value. 4 Billion on Payments in 2021 - ETA and Double Diamond Group Infographic. Besides that, a PayFac also takes an active part in the merchant lifecycle. We help companies get payments going their way. About ETA. Choosing a payment processing provider has become more challenging in recent years, due to the sheer number of providers in this space. ISVs cater to a wide range of. It handles merchant account setup and smooths payment acceptance for an ISV or SaaS platform. Watch Episode 4& thenWatch Episode 5. Transparency in payment processing is integral to the overall ISV / payment processor relationship, but it’s crucial in retaining merchants. The Stax Connect solution can help ISVs build an entire payments ecosystem from scratch in as little as 30 days. payment facilitator Evolve your payments business to increase your market share Offer ISVs the capabilities they’re demanding – automated underwriting, instant onboarding and sophisticated back-. The Paynomix Payment Facilitator platform was built by payments guys who are recognized within the payment world as forward thinkers and “always one-step ahead” with creating and using the newest payment technology. limitless business with OnePay’s integrated payment solution. Acquirers fund merchants (as well as payment facilitators) from their portfolios. Need a payment processor for your ISV? Make sure to consider factors like transaction types, pricing, and payment security. We’re recognized by clients around the world, from established global players to innovative startups, as the go-to partner on all. The payment facilitator is the company that provides the infrastructure necessary for their submerchants to begin accepting credit card payments. Payment Facilitator Paradigm and Beyond: VAR, ISV, Next-generation ISO; Gateway Selection for SaaS and PayFac Payment Platforms;HOW THE PAYMENT FACILITATOR MODEL IS DIFFERENT Underwriting and Onboarding Becoming a PF starts the payments relationship between an ISV and its merchant, referred to as submerchant in the PF model, off on the right foot by enabling the ISV to fit the underwriting and onboarding experience to its vertical or industry. In view of these functions, to become a payment facilitator, an entity needs to perform several important. Many companies want to incorporate payments processing as a part of their suite of services. It serves as a collaborative resource for developers and integrators to connect with Nuvei, to seamlessly add payment processing into their. Payment Facilitator. The latest example of this is Payrix, a new company launching a full-service payment facilitator platform. Its unique. Nearly half are in the ISV addressable payments market, making them ideal candidates to become PFs. The road to becoming a payments facilitator, according to WePay founder Rich Aberman, is long, expensive and technologically complex. Looking to distinguish between Payment Facilitator and Payment Processor? Gettrx is here to help. GETTRX Zero; Flat Rate; Interchange; Learn. Payment facilitators. Welcome to OnePay SnapPost, the ultimate Standalone Terminal application designed specifically for merchants. It also helps onboard new customers easily and monetizes payments as an additional revenue stream. Many businesses are seriously considering the prospect of becoming a payment facilitator. Asked by Webster whether, with the emergence of the partnership option, there. Nothing stops an ISV from becoming an ISO and offering payment processing to its clients through that model. BNY Mellon. Some platforms may be able to secure a cost plus revenue plan. But for this purpose, it needs to build a strong relationship with an acquirer that will underwrite it as a PayFac. Boku operates in over 70 countries and is worth $1. Proven application conversion improvement. Payment processor Global Payments rolled out a new payment facilitation service during the second quarter geared toward independent software vendors, CEO. A payment facilitator provider serves multiple merchants by boarding them under one, master merchant account. Step 3: The card network will reach out to the issuing bank (the cardholder’s bank, which supplied. IRIS CRM – the payments industry’s leading customer resource management system – is the ideal tool to. Acquiring & managing merchants has never been easier. Our modular, feature-rich full commerce enablement platform lets you build innovative software solutions that earn more, better monetize payments and retain customers longer. Launch merchants in minutes. mag 2007 - dic 2015 8 anni 8 mesi. On one end of the spectrum, the payment facilitator model permitted by Visa and MasterCard allows registered facilitators to process transactions for known and vetted sub-merchants. 05% then the platform has cost = 2. Functions of a PayFac. Moreover, we expect to see more scrutiny on Fintech from regulators, consumers, and businesses to reduce fraud, so KeyBank is focused on enabling thoseTOTAL MARKET ISV GPV US$5. . OnePay’s dynamic billing plans and innovative payment solution products can go a long way in making your business smart and up-to-date with current market trends. An ISO works as the Agent of the PSP. It handles merchant account setup and smooths payment acceptance for an ISV or SaaS platform. Contracts and merchant relationships. Because this requirement is only for submerchants who process more than $1,000,000 per calendar year of Mastercard transactions, it is not particularly frequent for most payment facilitators. The ISO would ensure the ISVs software. At Scalefast, you can expect to collaborate with the best – the best people, brands and technology. VAR, ISV, Next-generation ISO: Outside Payment Facilitator Paradigm. * A surge of public. Some stay where they are (like, again, Uber or Amazon), while. That means with the Stax API, your business can integrate Stax payment processing for ISV and data into an existing application or system. Power on-the-go payments. Ecommerce. Elena. ISVs who establish Payfac capabilities look well-placed to build defensible competitive positions, with lower levels of disintermediation risk in our view. ProPay’s history as a payment facilitator, when combined with our sponsoring relationships and technologies enable usLevel up and partner with Payroc; a full stack, worldwide payments powerhouse. GETTRX's Official Blog - Your premium source for insights about GETTRX - A payment processing platform built to grow your business. When you are listed, you help secure the promise of a trusted payment system by highlighting your investment in data security and the. MSP = Member Service Provider. For service providers published on the Registry, if Visa does not receive the appropriate revalidation documents: Within 1 - 60 days upon expiry of the validation documents, the service provider will be identified by the icon in the Registry. Payment Facilitators contract directly with the sub-merchant for processing services and perform key payment activities in-house. As new businesses signed up for financial products (e. Non-compliance risk. Credit Card Processing – Process EMV, magstripe, and NFC credit cards. "Find a…SIs often sell their ISV partners’ software in the early stages of the sales cycle and then hand the prospect off to their ISV partner to sign the contract and provide direct payment for the ISV’s software. Additional revenue generation. The underlying role that these fill for a business is to provide merchant services, and you can read our reviews of various merchant service providers here. The company has a stellar reputation for its customer service and has processed more than $23 billion in payments. ISVs and VARs who integrate with ProPay get: Up and running fast, while providing a path towards full registration and liability (full Payment Facilitator) A complete end-to-end solution that includes boarding, funding, risk management, payment security, etc. This includes all jurisdictions that impose sales tax except U. Payment facilitators (PayFacs) could do with some northern exposure. Today we look at the two primary integrated payment options – traditional merchant acquiring offered by a payment processor versus payment facilitation offered by a Payment Facilitator (Payfac). As Senior Consultant for DXC Eclipse, provide Customer Care support to Dynamics GP/SL/NAV customers. The opportunity for payment processing providers presented by partnerships with Independent Software Vendors (ISVs) is immense; TSG estimates there are over 300,000 active ISVs worldwide, and some experts predict that by the end of 2024, revenue from. With GETTRX’s PayFac-as-a-Service solution, your customers receive seamless signups while you leverage payments as a revenue strategy. S. View Nathan Cedor's email address: nxxxxxc@rs2. The Key Benefits of the Payment Facilitator Model. Integrate Evolve's payment service technology into your software platform and you can start offering your customers a seamless payments journey right away. A skilled facilitator will validate different opinions, ask. Chances are, you won’t be starting with a blank slate. The ISO would ensure the ISVs software. 55%. The white-label payment facilitator model ( PayFac in a box) is a try-it-before-buy-it solution for prospective PayFacs. 35%. An ISO is a third-party payment processor. Under umbrella of PayFacs merchants process their transactions. Please see Rule 7. PayFacs: The Ins and Outs of The Payment Facilitator Model Payment facilitators (PayFacs) are companies that. Also, some companies, such as United Thinkers, are offering special payment facilitator programs. Visa’s rule change was effective August 31, the bulletin said. These receipts are sent directly to your email or can be accessed through your OnePay account. APPSos is a singular, elegant platform that aggregates & connects all your data throughout the complex world of processing. Point of Sale;.