A New Approach to
PayFac as a ServiceSoftware providers have gravitated towards Payment Facilitation for benefits like:
- Control of the payment experience
- Streamlined merchant onboarding
- Increased revenue
What is a Payment Facilitator?
A Payment Facilitator is a merchant services provider that enables businesses to accept
electronic payments, such as credit and debit cards, ACH, and e-checks.
What Does It Cost?
$500K
Upfront Costs
$500K
Payments Team
$150K
Ongoing Compliance
Payment Facilitation vs. Traditional Merchant Services
The ISO model relies on third-party processors for onboarding, offering limited control over the process.
VS.
PayFacs manage the entire payment infrastructure, allowing for quicker merchant onboarding and greater control over fees and customer experience.
What is PayFac as a Service?
PayFac as a Service (PFaaS), offers software providers a far
less risky and cost-effective approach to payment facilitation via partnership.
Benefits:
- New revenue opportunities
- Reduced complexity
- Lower costs
- Faster time to market
- Scalable and flexible
95%
of all tech startups worth more than $1 billion are unable to generate a profit.*
Four Ways to Increase Revenue with PayFac as a Service
Maximize Attach
Rates
Revenue growth by attaching payments to more customers.
Maximize Share
of Wallet
Revenue growth by maximizing payments through your software.
Minimize Cost
to Serve
Manage costs while keeping your customers happy and reduce churn.
Optimize Portfolio
Management
Discover revenue growth and cost management opportunities.
Our Approach to PayFac as a Service is Different.
Your software company has a unique set of goals and challenges, and being put into a box only hinders you from reaching your full potential. Our PayFac as a Service Solution and consultative approach helps you strike the perfect balance of risk and reward.
How to Balance Risk & Reward?
Maximizing payments revenue with PayFac as a Service, it's critical to find your company’s balance between risk and reward.
Step 1:
Assess your risk tolerance
Step 2:
Assess current resource capabilities
Step 3:
Outline payment revenue goals
Step 4:
Connect with a Clearent Payment Consultant
Risk & Reward with Clearent
