Simultaneously, Stripe also fits the broad. Contactless technology originally started emerging in the United States with MasterCard PayPass, Visa payWave. payment processor question, in case anyone is wondering. Once adopted by their entire client base, this ISV could be one of our largest. Ongoing Costs for Payment Facilitators. But the model bears some drawbacks for the diverse swath of companies adopting it, as well as for the merchants that work with them. Very rarely, said Mielke, do ISVs win with the “knee-jerk reaction of becoming a PayFac and capturing those additional revenues. There are many responsibilities that are part and parcel of payment facilitation. Moreover, integrating a payfac solution into ISV's software removes the need for a merchant to create a relationship outside of the software with acquiring banks or payment gateways. PayFac: A PayFac essentially takes on some of the duties of a payment processor and a payment gateway and acts as the merchant-of-record for the acquirer, servicing its submerchants (customers). The ISVs that look at the long. There are a number of benefits of the PayFac model for ISVs and SaaS companies. At first it may seem that merchant on record and payment facilitator concepts are almost the same. Still Microsoft doesn't explain very clearly what these attributes should be. Third-party integrations to accelerate delivery. However, this is considered more of a “pay to play” model where the ISV is leveraging their processing only and there is no revenue share. 2) PayFac model is more robust than MOR model. For example, an artisan who sells handmade jewelry online may find the process of setting up their own merchant account daunting or unnecessary, given their lower transaction volume. As he noted, among the firms that most commonly move down the PayFac path – ISOs, ISVs and platform businesses – the benefits stand out quite brightly: easier merchant onboarding, better control. Companies that offer both services are often referred to as merchant acquirers, and they. Un éditeur de logiciels indépendant (ISV) met l’accent sur la création et la distribution de logiciels. A PSP, on the other hand, charges a variable fee in addition to the fixed fee. Payfac-as-a-service vs. To accept card payments, an acquirer should be licensed by corresponding card networks and either partner with a payment processor, or be a payment processor itself. The ISO would ensure the ISVs software. Acquirer = a payments company that. Payment Facilitator Paradigm and Beyond: VAR, ISV, Next-generation ISO; Gateway Selection for SaaS and PayFac Payment Platforms; Best Crypto Payment Gateway Solutions for Platforms; How PayFac Model Increases Your Company’s Valuation; Payment Advice. And this is, probably, the main difference between an ISV and a PayFac. Restaurant-grade hardware takes on everyday spills, drops, and heat. We would like to show you a description here but the site won’t allow us. Payfac-as-a-service vs. And this is, probably, the main difference between an ISV and a PayFac. ISO = Independent Sales Organization. 99) HP Omen. A PayFac can remove the long, arduous underwriting process and get merchants up and running quickly – in a matter of minutes versus a few days or even weeks. I estimate USIO’s PayFac net revenue retention is 160%. This way, restaurants can manage their operations and payments from one platform, which can simplify their workflows and enhance customer. By using a payfac, they can quickly and easily. Your revenues – (0. What is an ISO vs PayFac? Independent sales organizations (ISOs). Reducing the. Global expansion. To become a PayFac, the ISV or VAR signs a direct agreement with a processing bank (e. Payments for software platforms. If necessary, it should also enhance its KYC logic a bit. Independent sales organizations are a key component of the overall payments ecosystem. 24/7 Support. PayFac = Payment Facilitator. 2M) = $960,000 annually. ,), a PayFac must create an account with a sponsor bank. 4. Payfac-as-a-service is a turn-key payment facilitation model in which an external company provides businesses with the necessary tools and infrastructure to accept electronic payments, such as credit and debit cards, ACH, and echecks. Click here to learn more. “Plus, you have a consumer base that. Both aggregators and facilitators offer similar benefits from the perspective of the end-user. PayFac: How the Two Most Common Types of Payment Intermediaries Differ. The growth in the number of payfacs, and in the payment volume passing through them, is reshaping key relationships within the payments ecosystem. If your platform needs to operate internationally and support sub-merchants in other regions, partnerships with local acquirers, gateways, and other service providers may be necessary. Also, it’s essential to mention that PayFac is a Mastercard model, while the one for Visa is a payment service provider. Payment facilitation helps you monetize. Three key reasons why ISVs are becoming Payment Facilitators: Merchant Onboarding: Traditionally, ISVs formed referral relationships with ISOs and vice versa. 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. For example, an artisan who sells handmade jewelry online may find the process of setting up their own merchant account daunting or unnecessary, given their lower transaction volume. Merchants can then tap into the payment facilitator’s existing relationships with acquiring banks and the PayFac’s processing technology to get up and running fast. Maybe you are ready to become a full-fledged PayFac, maybe the answer is a managed PayFac, or maybe the best solution would be to act as an ISO. Those different purposes lead the two business models to appear and operate very differently. By using a payfac, they can quickly and easily. Merchant Accounts vs Payfac and Platforms and Software. The difference between payment facilitators (payfacs) and independent sales organizations (ISOs) is about which payment services they offer. It is also a great strategy move for the company since they can now offer customers the ability to “grow into” their own payfac at a later date, something. For example, an artisan who sells handmade jewelry online may find the process of setting up their own merchant account daunting or unnecessary, given their lower transaction volume. Pour ce faire, un ISV propose des contrats de licence à ses clients (qu’il s’agisse d’entreprises ou d’utilisateurs individuels). ISO. GETTRX absorbs the stress of fraud monitoring and compliance reporting while you focus on your business. The white-label payment facilitator model ( PayFac in a box) is a try-it-before-buy-it solution for prospective PayFacs. A PayFac, or payment facilitator, was originally defined by Visa® and Mastercard® to describe the entity that is officially doing business with the card brands. I estimate USIO’s PayFac net revenue retention is 160%. If you are attempting to become a fully registered PayFac yourself, or are considering various PayFac-in-a-Box options. A good way to make sense of the Payfac model is to look at its two main parts—boarding of merchant accounts and settlement of funds. Contracts. While Tilled’s PayFac offerings will bring a lucrative new revenue stream to your business through payment monetization, we do more than write you a check each month and wish you luck with this new aspect of your business. However, there are instances where discrepancies arise. For example, an ISV that develops software for the restaurant industry might use a white-label payfac to enable restaurants to accept online orders and payments directly through the software. Visa, Mastercard) around 2011 as a way for aggregators to provide more transparency into who their sub-merchants were. To become a PayFac, the ISV or VAR signs a direct agreement with a processing bank (e. , the cloud). By using a payfac, they can quickly and easily. So, what. There’s not much disclosure on the ‘cost of sales’ (i. In case of revenue sharing a PSP prices each deal as it sees fit, and certain percentage of the total markup collected is shared with respective reseller. Payfac-as-a-service vs. The main difference between a payment aggregator and a PayFac is the type of merchant ID (MID) used to differentiate accounts. Our Solutions. . This business model enables the. Stripe operates as both a payment processor and a payfac. That’s because becoming a payment facilitator is a long and costly process for ISVs, Abernethy said. Payment facilitators conduct an oversight role once they have approved a sub merchant. Core. Take your software company to the next level and become a Fintech. The road to becoming a payments facilitator, according to WePay founder Rich Aberman, is long, expensive and technologically complex. North America is a Mature ISV Market, Europe is Not. In essence, they become a sub-merchant, and they face fewer complexities when setting. Smaller. In this scenario, the ISV is onboarded as a referral agent, eliminating several risks associated with becoming your own payment facilitator. Higher fees: a payment gateway only charges a fixed fee per transaction. Blog ISO vs Payfac: Choosing the Right Payment Solution for Your Business. A PayFac supports a large portfolio of sub-merchants throughout all their lifecycle — from underwriting to funding to. In almost every case the Payments are sent to the Merchant directly from the PSP. PayFac model is easier to implement if you are a SaaS platform or a. In-Person Payments. The platform becomes, in essence, a payment facilitator (payfac). Source: Edgar, Dunn & Company (2020) What are the responsibilities of a PayFac enabler vs. PayFac-as-a-service delivers a competitive payment program with instant onboarding of merchants while creating a seamless customer experience. 2 Payfac counts exclude unidentifiable or defunct. 6 percent of $120M + 2 cents * 1. In 2021, global payment facilitators processed over $500 billion in transactions – a 75% increase over the previous year. Onboarding workflow. Besides that, a PayFac also takes an active part in the merchant lifecycle. 6 Differences between ISOs and PayFacs. In part one of our ISV Growth Edition mini-series (which we developed to offer insight into the dynamic ISV market and pertinent tips for growth), we’re tackling the importance of partnerships for ISVs and tips for getting started. When it comes to choosing between a PayFac and an ISO, the best option depends on your business's specific needs and preferences. With Payrix Pro, you can experience the growth you deserve without the growing pains. ISO vs. A Payment Facilitator [Payfac] is essentially a Master Merchant that processes credit and debit card transactions for sub-merchants within their payment. Instead, all access is granted remotely via the Internet. a. A Payment Facilitator (PayFac) is a type of merchant services company that provides business owners with a way to accept electronic payments, both online and in-store. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an. If your platform needs to operate internationally and support sub-merchants in other regions, partnerships with local acquirers, gateways, and other service providers may be necessary. Payment Facilitator Paradigm and Beyond: VAR, ISV, Next-generation ISO; Gateway Selection for SaaS and PayFac Payment Platforms; Best Crypto Payment Gateway Solutions for Platforms; How PayFac Model Increases Your Company’s Valuation; Payment Advice. As an ISV or a SaaS company,. Both offer ways for businesses to bring payments in-house, but the similarities end there. Jun 2023 - Present2 months. A bad experience will likely result in the client choosing another platform. For example, an artisan who sells handmade jewelry online may find the process of setting up their own merchant account daunting or unnecessary, given their lower transaction volume. One classic example of a payment facilitator is Square. Supports multiple sales channels. June 3, 2021 by Caleb Avery. Essentially PayFacs provide the full infrastructure for another. payment processor; What is a payment aggregator? A payment aggregator, also often referred to as a payment facilitator (payfac) or payment service provider (PSP), is a financial technology company that simplifies the process of accepting electronic payments for businesses. WorldPay. If your platform needs to operate internationally and support sub-merchants in other regions, partnerships with local acquirers, gateways, and other service providers may be necessary. Qualpay offers a fully-integrated payment processing solution, including merchant account, payment gateway, invoicing and recurring payments. In its role as a payment processor, Stripe provides the backbone that allows businesses to accept and manage online payments, managing the exchange of information and funds between the customer, the business, and their respective banks. Payment facilitation is among the most vital components of. The PSP in return offers commissions to the ISO. Payment Facilitator Paradigm and Beyond: VAR, ISV, Next-generation ISO; Gateway Selection for SaaS and PayFac Payment Platforms; Best Crypto Payment Gateway Solutions for Platforms; How PayFac Model Increases Your Company’s Valuation; Payment Advice. 0 Excellent. Payfac sets up electronic payment and processing services on behalf of merchants, enabling them to accept credit card and debit card payments either in-person, online, or both. PayFacs provide a similar service to standard merchant accounts, but with a few important differences. The principal versus agent guidance in ASC 606 applies to revenue arrangements that involve three or more parties and is applied from the perspective of an intermediary (for example, a reseller) in a multi-party arrangement. MAPP Advisors is a fintech advisory firm with a core focus on payments, ISVs, and embedded finance. Accept payments everywhere with Shift4's end-to-end commerce solution. Here’s how Visa defines payment facilitators and sponsored merchants: “PayFac or merchant aggregator, a payment facilitator is a third party agent. Access our cloud-based system in or out of the restaurant. For businesses, the difference between using payfac-as-a-service compared to becoming a payfac comes down to time, cost, and risk—in short. Carat’s experts help define the opportunity and provide the necessary support to empower an ISV to become a PayFac. And for the payment facilitators (PayFacs) and independent software vendors (ISVs) that serve merchants through software and services that help those firms to accept payments, as Daniela Mielke,. PayFac is a way for software applications to turn a traditional cost center into a revenue-generating business unit. The PayFac model allows a single entity to become the “merchant of record” and board sub-merchants with fewer data requirements and scrutiny. becoming a payfac. Reduced cost per application. Uber corporate is the merchant of record. The tool approves or declines the application is real-time. With a merchant-friendly platform that could be set up in just a few days with no upfront costs, we can see how attractive Stripe Connect is to B2B software companies in need of a payments solution that won’t eat up a ton of time and resources to implement. Each sub-account functions as a separate trading. Finery Markets. ISO: Key Differences & Roles In Payment Processing The world of payment processing has its fair share of acronyms, and two of the most popular are. PayFac-as-a-Service (PFaaS): This is a hybrid PayFac model where registered Payment Facilitators extend the use of their platform to ISVs who want to embed payments as features in their core software. By using a payfac, they can quickly and easily. Uber corporate is the merchant of. Initially, contactless payment technology was. Blog ISO vs Payfac: Choosing the Right Payment Solution for Your Business. “You’re giving the payment facilitator the rights to generate liability that you as the bank are going to be responsible for,” Spalinger said. And this makes a difference for several reasons, when it comes to the pros and cons of using a ISO/MSP vs. Payfac can be attractive to ISVs as it facilitates instant merchant account approvals, also known as frictionless boarding. In contrast to an ISV, an independent hardware vendor (IHV) builds or sells computer hardware and equipment for use in specific industry niches. ISV: Key Differences & Roles in Payment Processing. The PayFac signs a contract with the ISV, and another with the payment processor. A Payment Facilitator or PayFac. When deciding to be or not to. For example, an artisan who sells handmade jewellery online may find the process of setting up their own merchant account daunting or unnecessary, given their lower transaction volume. Supports multiple sales channels. The payfac part you described is clear, thanks! What confuses me is that as far as I understand, a PSP can also explore working with a BIN sponsor (an acquirer / a principle member of Visa/MC) so they dont have to get the acquiring license themselves, but in this model they can get into the fund flow since the BIN sponsor would settle to them - this is. However, other models of merchant and referral services provision still remain relevant. Grow and optimize your business and elevate payment experiences to secure commerceThe differences of PayFac vs. In the IT channel, value-added resellers, or VARs, are organizations that enhance the value of third-party products, such as original technology from our vendors, through activities, services and. It was even more exciting is the number of ISVs that are mandating their users adopt our PayFac solution. The growth in the number of payfacs, and in the payment volume passing through them, is reshaping key relationships within the payments ecosystem. Businesses can create new customer experiences through a single entry point to Fiserv. In short, a PayFac or payment facilitator, is a master merchant that supports sub-merchants. 99 (List Price $1,174. GM Defense. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. Unlike payfacs, ISOs set up individual merchant accounts for each business they service. Payment Facilitator (PayFac): 大商户模式，是商户而不是收单机构。. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. Products. Under the PayFac model, each client is assigned a sub-merchant ID. Stripe Plans and Pricing. In this scenario, the ISV is onboarded as a referral agent, eliminating several risks associated with becoming your own payment facilitator. Thanks to its flexibility and profitability, PayFac model seems to perfectly adjust to the present-day market requirements. • ISO Merchant (ISO – M) —conducts merchantA payment facilitator is a company that allows their customers to accept electronic payments using the payment facilitator’s infrastructure. , and even less so in the EU, but this. One page vs. As an added benefit, Partner Connect automates all. Strategies. Payment Facilitators are 100% responsible for PCI Compliance, risk underwriting, funding and providing payment support. The biggest downside to using a PSP is cost. S. The PFaaS provider handles all of the risk, compliance and underwriting on behalf of the ISV. PYMNTS delves into the risk vs. The arrangement made life easier for merchants, acquirers, and PayFacs alike. In many cases an ISO model will leave much of the underwriting as well as settlement and reporting to the acquiring bank. On. In almost every case the Payments are sent to the Merchant directly from the PSP. Our hypothesis is that a payfac-alternative model (such as Stripe. 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. A Payment Facilitator or Payfac is a service provider for merchants. a merchant to a bank, a PayFac owns the full client experience. For example, an artisan who sells handmade jewelry online may find the process of setting up their own merchant account daunting or unnecessary, given their lower transaction volume. Under the PayFac model, a merchant is set up under the PayFac’s master account, but they are onboarded with their own unique MID. The payment facilitator model was created by the card networks (i. It does this by managing the numerous responsibilities - including risk. “So, your policies and procedures have to guide how you are going to. For the ISV, partnerships create the same competitive differentiator that. The PayFac signs a contract with the ISV, and another with the payment processor. 5 signs you’re ready for a Stripe alternative. A Payment Facilitator, PayFac for short, is simply a way to set up a sub-merchant account for software companies. The first key difference between North America. If your platform needs to operate internationally and support sub-merchants in other regions, partnerships with local acquirers, gateways, and other service providers may be. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. The Army plans to purchase 649 of them. Just to clarify the PayFac vs. PayFac) in order to stay competitive and capture the revenue required to scale. Global expansion. The PF may choose to perform funding from a bank account that it owns and / or controls. Most notably, PayFacs can be very lucrative, as. One example is the new fitness exercise practice management ISV we recently implemented. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. Carat is the Fiserv omnichannel commerce ecosystem that delivers unlimited global payment opportunities across any channel. It works by using one umbrella merchant account that allows every merchant to open as a sub-account underneath it. For retailers. With companies like Stripe, Square and PayPal pioneering the payment facilitator or “PayFac” model, the era of Integrated Payments 2. Our fully integrated, API-first technology platform makes payment facilitation quick and manageable. 商户收单行 vs 支付处理机构 支付处理机构 负责技术性功能，为银行卡组织网络采集并处理消费者的支付卡信息。 支付处理机构一方面与 PSP 合作发起交易，另一方面与收单行合作，收单行提供金融机构和银行卡组发放的牌照来处理交易。ISVs vs. Payment Processors: 6 Key Differences. Blog 6 Ways Embedded Payments Benefit B2B Accounting SaaS. In general, if you process less than one million. Core from WePay gives you the tools to become a Payment Facilitator (PayFac) on Chase's payments infrastructure. CyberPowerPC Gamer Master Ryzen 7 RTX 4060 Ti 2TB Desktop — $899. Fortunately, there is an alternative to this that allows ISV or SaaS companies to offer a PayFac solution without assuming risk. For example, an artisan who sells handmade jewelry online may find the process of setting up their own merchant account daunting or unnecessary, given their lower transaction volume. This crucial element underwrites and onboards all sub. The second type is a more modern, technology-first payfac solution from a commerce provider like Stripe. Most ISVs who contemplate becoming a PayFac are looking for a payments. 支付服务商 (PSP): 商户的支付对接合作伙伴。. Strategies. Payfac as a Service is the newest entrant on the Payfac scene. 8–2% is typically reasonable. ”. July 12, 2023. In short, a PayFac or payment facilitator, is a master merchant that supports sub-merchants. Understandably, the PayFac model has grown rapidly in popularity with software vendors in a wide variety of categories. Since the start of COVID-19, Square has begun to hold back 20 to 30 percent of some of their client’s revenues for up to 4 months. Payment Facilitators vs. By using a payfac, they can quickly and easily. The payments experience is fundamentally shifting as software developers and. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. Payment Facilitators contract directly with the sub-merchant for processing services and perform key payment activities in-house. Assessing BNPL’s Benefits and Challenges. Payfac is a contracted Independent Sales Organisation (ISO), so they have the responsibility to manage their own sales agents and underwriters and adhere to the rules of the card associations. Elevate your application with efficient integrations, support — and now even devices to complete your platform. The payments industry is changing, and the emerging software space is driving the products and services offered across the ecosystem forward. 5, and give 50% of the rest ($1. The PayFac vs payment processor is another common misconception. Link. A payment processor facilitates the transaction. Offering similar services to payment processing tools like Stripe or PayPal, PayFac is a. Global expansion. 75) to the reseller. What is a Payment Facilitator (Payfac)? Payfacs are an evolution of a long-established distribution model in the payments industry. Integrated Payments 1. From recurring billing to payout, we’re ready to support you and your customers. June 26, 2020. 3. But the model bears some drawbacks for the diverse swath of companies. The ISO, on the other hand, is not allowed to touch the funds. ISOs offer greater control and potential cost savings for. Myth 1: The PayFac model is the best way for ISVs to enable payments processing while multiplying revenue. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. By PYMNTS | January 23, 2023. SaaS is that the former provides software products and the latter represents one channel through which those products can be delivered (i. “So, your policies and procedures have to guide how you are going to. On the one hand, these services unlock purchasing power, helping customers manage their finances. “Our strategic partnership brings the speed and efficiency of Payfac to Bluefin’s Decryptx ® and ISV partner base including PCI-validated P2PE, tokenization and 3-D Secure, providing the. A payfac is a type of payment aggregator, but it typically provides a more comprehensive suite of services. And so, whether that be through an ISV or PayFac lite retail, or full PayFac, understand what your strategy is for the phase that you’re at and then, like Nate said, what are those phases, accomplishments and. payment gateway; Payment aggregator vs. As a result, the ISV avoids paying hefty fees and spending valuable resources applying to become a payment facilitator. Payment facilitators (or PayFacs) are a type of merchant service provider that enables businesses to accept electronic payments, both online and in-store. Partner Connect is an all-in-one solution for Payment facilitators, offering instant onboarding, automated funding and white-labeled reporting. For example, an artisan who sells handmade jewellery online may find the process of setting up their own merchant account daunting or unnecessary, given their lower transaction volume. Wide range of functions. Segregated accounts are legally segregated from the firm's assets, meaning the company cannot use the funds stored to conduct business operations. Retail payment solutions. ”. A payment facilitator, commonly known as a payfac, occupies one of the central roles within the payment processing ecosystem, yet it causes significant confusion. Payment aggregator vs. the scheme and interchange fees). A PayFac-as-a. Depending on your processing volumes there are two different types of merchant accounts that you will qualify for, either a PSP and an ISO. Payfac and payfac-as-a-service are related but distinct concepts. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. And acquiring banks, particularly the larger ones, sometimes offer payment processing services to their merchant clients. For example, an artisan who sells handmade jewelry online may find the process of setting up their own merchant account daunting or unnecessary, given their lower transaction volume. Checkout’s “gross profit” is the P&L line most comparable with Adyen’s “net revenue” line. Visa vs. Adopting the Payfac Model Being able to support a new payfac business model can seem somewhat daunting, but with the right resources and tools, becoming a payfac may be easier than you think. The bank receives data and money from the card networks and passes them on to PayFac. The ISO acts as an intermediary between the merchant and the payment processor, taking care of merchant recruitment, sales, and ongoing merchant. The industry term is Payment Facilitation (or Payfac), and Exact has everything you need to build and scale the entire process from instant onboarding to flexible payouts, fraud protection, comprehensive reporting and end-to-end data. PayFac vs Payment Processor. Payments PayFac vs ISO: Weighing Your Payment Options There are several ways for businesses to go about accepting payments, and two of the most popular provider options are PayFacs and Independent. Payfac: A payfac operates under a master merchant account and creates subaccounts for each business it services. Online Payments. 8–2% is typically reasonable. You need to know exactly what you are getting into and be cognizant of the risks. Global expansion. 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. independent hardware vendors. It’s used to provide payment processing services to their own merchant clients. PayFacs are generally more suitable for smaller businesses or those looking for a streamlined, integrated payment platform with faster funding times. Both offer ways for businesses to bring payments in-house, but the similarities end there. An ISV does this by offering licensing agreements with customers (be it enterprises or individual users). Depending on your processing volumes there are two different types of merchant accounts that you will qualify for, either a PSP and an ISO. By using a payfac, they can quickly and easily. Stripe provides a way for you to whitelabel and embed payments and financial services in your software. ISOs mostly. For example, payment facilitators typically perform underwriting, boarding,. Strategies. And now, your software can run on select Clover devices, turning your solution. The payment facilitators themselves: which are companies providing the necessary infrastructure and allows their sub-merchants to accept payments via credit card. Payfac conducts oversight on all the transactions on its platform to ensure that all payments operate under legal and network regulations. 收单处理机构 (Processor): 负责处理收单数据的信息服务商。. The trucks are meant to be airdropped with paratroopers. 4. Before offering customers payment methods from popular card networks (Visa, Mastercard, etc. For large payment facilitators. With Payfac, you can bypass the complex, extensive paperwork and documentation required by acquiring banks. The Western States Acquirers Association holds its annual conference September 27 – 28 in Rancho Mirage, California for ISOs and their representatives.