Payment Facilitator Systems
A Payment Facilitator assumes the role of the Master Merchant. The major benefit to becoming a Payment Facilitator is to quickly and easily onboard sub clients or SaaS platform users to facilitate credit, debit card and in some case ACH transactions .
Let’s use an example: A SaaS offers an invoicing solution eg MyBooks. Businesses that want to leverage their invoicing solution complete a simple application and 15 minutes or so later they are approved and set up to accept customer payment. For our example let’s say the business name is “Best Landscapers”. They applied and are now approved and ready to bill/invoice there customers using the MyBooks platform.
This post first appeared on Agile Payments Blog: Payments Solutions For SaaS Platforms, please read the originial post: here