Payment Facilitator-as-a-Service (PFaaS)

Payment Facilitator-as-a-Service (PFaaS) is an innovative solution designed for non-financial businesses that wish to act as payment facilitators without the burden of establishing their own full-scale payment infrastructure. This service model provides the necessary infrastructure, expertise, relationships, and processes, enabling software and platform providers to seamlessly integrate and manage payment acceptance.

PFaaS leverages the concept of a payment facilitator, which traditionally aggregates multiple merchants under one master merchant account to simplify the payment process. By subscribing to PFaaS, businesses can bypass the complex and resource-intensive requirements of becoming a payment facilitator themselves. Instead, they utilize a ready-made platform that handles all aspects of payment processing, including compliance with regulatory requirements, securing transactions, and managing merchant accounts.

The key benefits of using PFaaS include:

PFaaS is particularly suitable for software companies, online marketplaces, and platform-based businesses that want to integrate payment processing capabilities directly into their offerings. It provides a cost-effective, secure, and compliant way to enhance service value and improve user experience by streamlining payment processes for end-users.