Empowering Business: The Role of Payment Facilitators in Streamlining Payments

 What is a Payment Facilitator or a PayFac?

A Payment Facilitator, known as a PayFac, serves as a conduit between businesses (referred to as sub-merchants) and payment processors, facilitating electronic payments from customers. Simplifying payment acceptance, PayFacs streamline the onboarding process for sub-merchants, offering a consolidated platform for transaction processing, risk management, and settlement.

Key benefits of using a PayFac include bypassing traditional complexities and costs associated with establishing merchant accounts, faster onboarding, simplified underwriting, and consolidated reporting.

Read More About Monay Payment System



What is the meaning of payment facilitation?

Payment facilitation involves enabling and streamlining payment acceptance on behalf of businesses. Acting as intermediaries, payment facilitators simplify payment journeys by offering comprehensive solutions for transactions between customers and businesses.

Key aspects of payment facilitation include streamlined payments, simplified sub-merchant onboarding, risk management, aggregated payment processing, value-added services, and scalability.

Benefits of PayFac for Merchants


  • Faster and easier payments: Streamlined onboarding enables merchants to accept payments quickly.
  • Reduced Complexity: PayFacs handle complex tasks like underwriting and compliance, saving merchants time.
  • Cost Savings: Leveraging a PayFac's infrastructure avoids expenses of setting up merchant accounts.
  • Enhanced Payment Experience: User-friendly payment experiences increase customer satisfaction.
  • Scalability: PayFacs offer scalable solutions that grow with businesses.

How to choose the best PayFac (Payment Facilitator)?

Consider factors like industry experience, integration options, supported payment methods, security measures, pricing structure, customer support, and scalability when choosing a PayFac.

Discover Monay from Tilli Software: A Trusted and Leading Payment Facilitator

Welcome to Monay, Tilli Software's trusted payment facilitator, committed to simplifying payment processes for businesses. Monay offers streamlined onboarding, comprehensive payment options, robust security measures, and scalable solutions, making it one of the best payment facilitators available.

If you prioritize compliance and ultimate convenience for your users, choose Tilli's Monay for multiple payment modes and efficient payment processing.

Let us be your trusted partner in navigating the world of payments!
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