Tag: payment processor

Avoid Getting “Robbed” When Becoming a Payment Facilitator: Advice from PF Leaders Who Have Been There

For many software companies, there are distinct benefits to becoming a payment facilitator. But traveling down that road can be daunting. The payments industry is vast and complex, and approaching that ecosystem from the outside can leave software providers wondering whether they’ve gotten the best deal on the services they need.

Growing Payment Facilitator Market Creates Industry Opportunity: Report

A recent report detailed a healthy forecast for the growth of the payment facilitator market, which has the potential to reach $4 trillion in gross payments volume by 2025.

This is, of course, good for the companies that are choosing to become PFs. But it’s also good for other players in the payments ecosystem.

What is a Payment Gateway?

The payments industry is a complex system of pieces, all working together to make it possible for a consumer to purchase an item or a service simply by inserting a card at a retail location or entering their payment credentials into a web site.

The term “payment gateway,” is often mentioned as a necessary piece of the puzzle. But what exactly does that mean?

Report: Mastercard CEO Slams National Payment Systems

Mastercard’s CEO, Ajay Banga, recently offered a blunt assessment about governments creating or supporting their own national payments systems.

What Is the Payment Facilitator Model?

Many software companies are choosing to enable their merchant customers to accept payments through their platform. It’s an appealing way to increase revenue and provide their customers with a complete software and payments experience. For companies that choose to own the payments function in-house, the process involves becoming what’s known in the payments industry as a payment facilitator.

Payment Facilitator vs. Payment Processor. What’s the Difference?

There are many players involved in the acceptance of card and mobile payments. Among them, payment facilitators and payment processors. Both of these entities help enable payments acceptance. So, what’s the difference?

SpotOn Seeks Out Sweet Spot in Serving SMBs

Can a business software provider be both vertically and horizontally focused at the same time? SpotOn President R.J. Horsley thinks so…

“Imagine the Best Experience”: PF Veterans Offer Their Advice to Companies Considering the Model

While the payment facilitator way of doing business is still a relatively new entrant in the payments industry, the model has been around long enough to have generated some seasoned veterans.

Some of those veterans offered their advice during a discussion at PF WORLD 2019.

Scoop of the Day! Elavon Introduces Payment Facilitator Program

Payments processor Elavon has introduced a new program for payment facilitators that it’s calling Scoop. The program is a co-op that supports payment facilitators with two levels of service.

Non-Profit PFs Won’t Like This – Facebook, The Latest PF, Is Going To Take Your Share

Facebook is charging back into the payments space but this time charging hard — taking 5% on every donation it processes through its recently launched non-profit features, announced to page administrators Tuesday. Facebook introduced a Donate button for 19 select non-profits in 2013, but didn’t charge a fee, instead sending 100 percent of donations to the charity. The social media giant says of each donation made through Donate buttons that keep donors on a non-profit’s page:

“We’re committed to building products that make it as easy and safe as possible for people to contribute to the causes they care about. To make this possible, starting in August, 2% of contributions will be used to cover a portion of the costs of nonprofit vetting, security, and fraud protection, operational costs and payment support and 3% of contributions will go to payment processing. The remaining 95% will go straight to the nonprofit. Facebook’s goal is to create a platform for good that’s sustainable over the long-term, and not to make a profit from these charitable giving tools.”