Over the next five years, payment facilitators are expected to process more than $4 trillion in global gross payment volume, representing a 28.4% compound annual growth rate. During that same time period, PFs could collectively generate up to $15 billion in transaction revenue.Read More
While attention for many software companies is currently focused on getting through the COVID-19 outbreak – and rightly so – managers can’t afford to ignore the future of their companies.Read More
For many B2B software companies, the decision to offer a proprietary payments product appears likely in their future. So how do you know when it’s worth taking the steps necessary to become a payment facilitator? When are you big enough, well-funded enough, or at the right point in your business’s life cycle?Read More
Can a business software provider be both vertically and horizontally focused at the same time? SpotOn President R.J. Horsley thinks so…Read More
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.Read More
Online payments provider Stripe is expanding the use of its Express accounts to allow marketplaces to onboard businesses quickly and easily.Read More
Tipalti does a lot of things a PF does, except take credit card payments.
The B2B accounts payable software service accepts six payment methods and does pre-payment checks against AML and OFAC lists and enables global payments, herding 26,000 payments rules and 120 currencies while streamlining supplier onboarding and providing everything but tax returns to its clients.
Tipalti just got $14 million in funding and chief marketing officer Rob Israch says accepting card payments is most likely in its future. It’s another example of a perfect candidate to become a PF, but Israch says because it uses so many partners to do what it does, when it offers card payments to suppliers, freelancers, etc., the facilitation would most likely be outsourced. The company helps pay approximately 750,000 suppliers and remits $2 billion annually.Read More