Payment facilitation as a service
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Using Payment Facilitation as a service to monetize payments and onboard new users
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Payment facilitation as a service
- 1. What is Payment Facilitation As A Service?
- 2. Payment Facilitation As A Service offers software platforms the ability to both monetize payments and onboard new users instantly.
- 3. Essentially the platforms acts as a master merchant account and is able to set up payment sub-accounts for end users instantly.
- 4. The application user completes a simple application and in minutes can begin accepting credit, debit cards as well as ACH [in some cases].
- 5. This ability to board customers without having them apply for the traditional merchant account [that can take days and require supporting documentation like bank statements and tax returns] offers friction free onboarding. If instant onboarding is a must Payment Facilitation is the solution.