Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. an ISO. As merchant’s processing amounts grow, it might face the legally imposed. What’s the Difference Between a Payment Facilitator, a Payment Processor, and an Independent Sales Organization (ISO) At a glance, a facilitator, a processor, and an ISO may seem to be similar, but the differences are notable. Both offer ways for businesses to bring payments in-house, but the similarities end there. PayFacs provide a similar. For example, an. You may have also heard the name “Member Service Provider (MSP)”, which is the term Mastercard uses to call ISO. As he noted, among the firms that most commonly move down the PayFac path – ISOs, ISVs and platform businesses – the benefits stand out quite brightly: easier. ISV: An Independent Software Vendor (ISV) is a. PayFac vs ISO: Contractual Process. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. The second type is a more modern, technology-first payfac solution from a commerce provider like Stripe. PayFac: Key Differences & Roles in Payment Processing A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. Payfac: What’s the difference? Independent Sales Organization (ISO) is a third-party entity that partners with payment processors or acquiring banks to facilitate merchant services. Visa or MasterCard bank) member, but that has a relationship with an organization that is an Association member. agent A specified good or service is a distinct good or service (or a distinct bundle of goods orPayment facilitator model allowed all categories of entities to benefit: merchants received fast and smooth underwriting, acquirers could save resources and service larger numbers of merchants. Here, ISOs (Independent Sales Organizations if on the Visa network), or MSPs (Member Service Providers if Mastercard) sell credit card processing services to merchants on behalf of an acquiring bank. Learn more: PayFac vs ISO: which one to choose for your business? Benefits of becoming a PayFac. Merchant accounts for credit card processing are used by businesses to accept credit cards and there are different models. Comments on: ISO vs Payfac: Choosing the Right Payment Solution for Your BusinessA: Mastercard Send is the first-of-its-kind interoperable global platform that enables funds to be sent quickly and securely. However, the setup process might be complex and time consuming. For example, an. PayFac vs ISO. At ETA PayFac Day, we hosted a session that highlighted the pros and cons of becoming a PayFac and shed light on complimentary partnership models that offer similar degrees of control and increased profits. PSP = Payment Service Provider. Payment. Unlike PayFac technologies, ISO agreements must include a third-party bank to sponsor the contract. For example, an. Payment Processors are responsible for authorization, authentication, data security, settlement, clearing, and reporting services, while ISOs focus on sales, marketing, merchant support, customer service, and value-added services. The second type is a more modern, technology-first payfac solution from a commerce provider like Stripe. Payfac and payfac-as-a-service are related but distinct concepts. ,), a PayFac must create an account with a sponsor bank. Now let’s dig a little more into the details. The PayFac model has gained popularity in recent years, as it allows businesses to simplify their payment processing and reduce costs, while also providing a better customer experience. A Payment Aggregator or Facilitator [Payfac] can be thought of as being a Master Merchant-facilitating credit, debit card and ACH transactions for sub-clients within their payment ecosystem. When you enter this partnership, you’ll be building out systems. The speed at which a merchant can start processing payments with a PayFac is vastly different than the rate at which this could be done in the legacy ISO model. When setting up your referral partner program, remember to set tangible marketing and sales goals and do so in a way that makes sense for your partner. It’s more PayFac versus wholesale ISO model or full liability ISO. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. Owners of many software platforms face the need to embed. , Concord, California (“Wells”). By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. ISOs vs Payfacs. PayFac: How the Two Most Common Types of Payment Intermediaries Differ April 12, 2021. However, the setup process might be complex and time consuming. However, the setup process might be complex and time consuming. Payment Processors: 6 Key Differences. In order to understand how ISOs fit. Onboarding workflow. However, the setup process might be complex and time consuming. if ms form category == cat02 then save to My Docs. To put it another way, PIN input serves as an extra layer of protection. PayFac-as-a-Service has emerged from payment companies and independent sales organizations (ISO) that have gone through the regulatory compliance of PayFac registration. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. However, the setup process might be complex and time consuming. 2 Payfac counts exclude unidentifiable or defunct companies. A Payment Facilitator or Payfac is a service provider for merchants. g. For example, an. If a partner can "see" the benefits of. Here are the six differences between ISOs and PayFacs that you must know. A payment facilitator is a merchant services business that initiates electronic payment processing. You own the payment experience and are responsible for building out your sub-merchant’s experience. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. 20 (Processing fee: $0. However, the setup process might be complex and time consuming. (ISO). In this post, we break down the differences between a few of the most common routes you can take when it comes to integrated payment models: independent sales organization (ISO), full-fledged payment facilitator (PayFac), or PayFac-as-a-Service (PFaaS) models. The payment facilitator works directly with the. Blog Exact Payments CEO, Phil Levy, Discusses the Future of Fintech With The Strawhecker Group. However, the setup process might be complex and time consuming. Read More. However, they differ from payment facilitators (PFs) in important ways. . One of the key differences between PayFacs and ISO systems is the contractual agreement. However, the setup process might be complex and time consuming. However, the setup process might be complex and time consuming. Thus, an ISO’s customers can access a wider range of processors, even if the onboarding experience is tedious. PayFac is more flexible in terms of providing a choice to. A PayFac will function as a payment facilitator in this general sense (though it's important to note the differences outlined above), and you can use a payment gateway to translate data between the PayFac and the credit card providers. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. April 12, 2021. Payfac: A payfac operates under a master merchant account and creates subaccounts for each business it services. Payfac’s immediate information and approval makes a difference to a merchant. Massive technological leaps have made it easier than ever for software providers to explore new opportunities and expand their offering, such as becoming a PayFac as a service. , it will enable disbursements and P2P payments to and from nearly any U. The bank receives data and money from the card networks and passes them on to PayFac. com explains everything you need to know. While an ISO, or independent sales organization, is similar to a Payfac, there are some key differences. A payment facilitator (payfac) is a service provider for businesses that simplifies the merchant-account enrollment process. Before offering customers payment methods from popular card networks (Visa, Mastercard, etc. Checkout’s “gross profit” is the P&L line most comparable with Adyen’s “net revenue” line. The merchant provides a few basic details to their PayFac provider. However, the setup process might be complex and time consuming. Understanding the differences between an ISO versus a PayFac will help you see why using a plug-and-play PayFac-as-a-Service solution is the most effective payment acceptance choice. PayFac Dynamic Payout Daily Operations Guide This document is intended for use by operations and financial professionals to assist with day-to-day monitoring and management of the Worldpay Dynamic Payout funding model. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. Find a payment facilitator registered with Mastercard. Contracts. Take Uber as an example. The contract is typically between the sponsor and the merchant, but the ISO may sometimes be included in a three-party agreement. Payfac = a software product, platform, or marketplace that has in integrated payments into its product, and is responsible for the risk of transactions processed by its customers. Payment Facilitator vs. There isn’t much of a debate in terms of functionality in the larger payment processor vs. The PayFac, he said, has emerged, and evolved from its 1990s underpinnings where merchant acquirers had handled that merchant enrollment, boarding, underwriting and even settlement. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. Payment Facilitator. A Payfac, or payment facilitator, is essentially a third-party payment system that allows businesses and organizations to receive and process online and in-store payments. For example, an. Payfac: A payfac operates under a master merchant account and creates subaccounts for each business it services. Compare PayFast vs. Track leaves of all part-time and full-time employees even when they have different shifts. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. For example, an. . ISO vs. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. Besides that, a PayFac also takes an active part in the merchant lifecycle. As mentioned, the primary difference between payment facilitators & payment processors lies in how merchant accounts are organized. However, the setup process might be complex and time consuming. For example, an artisan. becoming a payfac. ISO vs. For example, an. PSP and ISO are the two types of merchant accounts. Payfac: A payfac operates under a master merchant account and creates subaccounts for each business it services. One of the most significant differences between Payfacs and ISOs is the flow of funds. The PSP in return offers commissions to the ISO. a Payment Service Provider (PSP), aka a Payment Facilitator (PayFac). La respuesta corta; es un proveedor de servicios de pago para comerciantes. In essence, a PayFac is an agent for a payment processor, but a unique twist to the. They provide the systems and technology that process transactions. There are pros and cons to the PayFac and ISO model depending on the size and specific requirements of your business. For example, an. Payfac: A payfac operates under a master merchant account and creates subaccounts for each business it services. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. For example, an. Here are the six differences between ISOs and PayFacs that you must know. A payment facilitator (or payfac) is the owner of a master merchant identification number who registers merchants as sub-merchants and enables their payment acceptance. Use this document after completing your integration and certification testing and have started processing live transactions. A payfac or PF, short for payment facilitator, makes it possible for you to accept payments from customers in a variety of ways, including card payments,. Extensive. debit card account, including non-Mastercard debit cards. For businesses, the difference between using payfac-as-a-service compared to becoming a payfac comes down to time, cost, and risk. Independent sales organizations (ISOs) and payment facilitators (PayFacs) both act as intermediaries between merchants and payment processors, making them parallel channels in the overall payments ecosystem. PayFac vs. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. See moreWhile ISOs and payfacs both facilitate electronic payments for businesses, they cater to different needs. However, the setup process might be complex and time consuming. To learn more about the differences between these payment models, see our blog: PayFac vs ISO: Weighing Your Payment Options. However, the setup process might be complex and time consuming. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. Payfac: What’s the difference?. For example, an artisan. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. Get notified when Stripe Reader S700 is available in your country. ISO are important for your business’s payment processing needs. Payfac: A payfac operates under a master merchant account and creates subaccounts for each business it services. e. Payfac and ISO (Independent Sales Organization) are two terms that are often confused with each other when it comes to payment processing. The unique relationship PayFacs have with their merchants exposes them to more risk than your average ISO – even more than most wholesale ISOs – but, in return, PayFacs gain a lot of control over how. The submerchants and the PayFac enter into an agreement, and that agreement is not related to the PayFac’s agreement with the payment processing partner. For example, an. PayFacs perform a wider range of tasks than ISOs. In general, if you process less than one million. However, the setup process might be complex and time consuming. In the PayFac model, banks that monitor PayFacs are called Acquiring Banks. PG vs PSP vs ISO vs PayFac vs Payment Aggregator Payment Gateway a payment gateway means just a technological platform, while a payment aggregator. Furthermore, segregated accounts secure the client's funds if the firm goes bankrupt, shuts down, or any other unfortunate event that prevents them from doing business. Stripe provides a way for you to whitelabel and embed payments and financial services in your software. The differences of PayFac vs. Independent sales organizations (ISOs) are a more traditional payment processor. The types of new entities an ordinary ISO can turn into include a PayFac, a wholesale ISO, a next-generation ISO, or a merchant services consultant. This allows faster onboarding and greater control over your user. However, their functions are different. An ISO, or independent sales organization, is a company that resells payment services to merchants on behalf of a payment processor or acquiring bank. An ISO (Independent Sales Organization) is similar to a PayFac in a lot of ways. However, the setup process might be complex and time consuming. For example, an. When you want to accept payments online, you will need a merchant account from a Payfac. the scheme and interchange fees). By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. So, revenues of PayFac payment platforms remain high. However, the setup process might be complex and time consuming. One of the key differences between payment aggregators and payment facilitators is the size of sub-merchants they are servicing. We would like to show you a description here but the site won’t allow us. Some ISOs also take an active role in facilitating payments. A payfac has a much more flexible payment system and a wider variety of payment methods, so much so that it can be carried out through the linked bank account. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. Step 1: Sender initiates P2P transaction to Transaction Originator. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. During Jim's tenure with NPC and Vantiv, he also drove the development of and relationship with several key NPC ISOs, as well as oversight and management of specific. However, the setup process might be complex and time consuming. PayFac: ISO: Merchant onboarding timeline : Instant account approvals: Days or weeks : Sign-up process: Quick and easy. PayFacs take care of merchant onboarding and subsequent funding. If you're wondering what the difference is between Payfac and ISO, the answer is simple: The Payfac solution provider is directly responsible to MasterCard and. On. Becoming a PayFac allows the business to deliver more customized, branded, and better-integrated payments experiences entirely within their own app. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. So, what. Stripe Terminal is fully compatible with Connect, enabling your platform or marketplace to accept in-person payments. , May 26, 2021 /PRNewswire/ -- PayFac-as-a-Service startup Tilled today announced the close of $11 million in Series A funding to empower software companies. As a PayFac, Segpay handles the sub-merchant onboarding and provides a fully managed payment processing solution. However, the setup process might be complex and time consuming. The most known examples are website-building companies which can provide integrated payment options, meaning ecommerce customers will see their experience improved as they will no longer need to actively look for third-party payment solutions. At the same time, Paragon Payment Solutions assumes the majority of risk and responsibilities related to operational expenses, chargebacks,. The process of becoming a PayFac typically involves the following phases: Assessing the feasibility — Companies should first assess whether becoming a PayFac aligns with their business goals, resources, and risk tolerance. Both the PayFac and ISO acquisition models have unique benefits and drawbacks. 3. However, the setup process might be complex and time consuming. Square, Stripe, PayPal, AirBnB and Uber are well-known examples of PayFacs. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. A PSP, on the other hand, charges a variable fee in addition to the fixed fee. For example, an. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. By Ellen Cibula Updated on April 16, 2023. This allows the businesses under the payfac’s umbrella to focus on their core operations rather than deal with the complexities of the. NPC is Vantiv's nationwide ISO merchant distribution business serving over 220,000 small-to-medium-sized merchants. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. The second type is a more modern, technology-first payfac solution from a commerce provider like Stripe. Payment aggregator vs. However, the setup process might be complex and time consuming. For example, an. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. A PayFac, or payment facilitator, was originally defined by Visa® and Mastercard® to describe the entity that is officially doing business with the card brands. The merchant interacts directly with the ISO and follows their set processes to register and become. Payfac: A payfac operates under a master merchant account and creates subaccounts for each business it services. For example, an. Segregated accounts are legally segregated from the firm's assets, meaning the company cannot use the funds stored to conduct business operations. However, the setup process might be complex and time consuming. For example, an. For example, an artisan. This solution includes hosted payment pages; one-time, subscription, and one-click billing solutions; risk management; affiliate tools, and end-user customer support. Payment Facilitation as a Service, also known as PayFac as a Service or PFaaS, allows software platforms and SaaS providers the ability to act as a merchant account for their end users. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. The new PIN on Glass technology, on the other hand, is becoming more widely available. Learn more: PayFac vs ISO: which one to choose for your business? Benefits of becoming a PayFac. Depending on your processing volumes there are two different types of merchant accounts that you will qualify for, either a PSP and an ISO. However, the setup process might be complex and time consuming. For example, an. For example, an artisan. For example, an artisan. An ISO is a third-party company that refers merchants to acquiring banks or payment service providers. At the same time, more companies are implementing PayFac model and establishing PayFac payment gateway partnerships. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. While the PayFac model comes with some unique risks, the benefits of additional control and potentially higher margins have seen its popularity grow among two major categories of operators:. Partnering with a PayFac-as-a-Service provider leaves the technical work like coding, compliance monitoring, and payment integration to industry. Payment Facilitator (PayFac) vs Payment Aggregator. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. You own the payment experience and are responsible for building out your sub-merchant’s experience. An ISO is a sales partner for payment processors, while a payment facilitator offers payment processing services to merchants by aggregating them under one master account. We wrote an earlier piece that discussed the history of PayFacs if you want to get caught up, so for the purposes of this […]5. e. For example, an artisan. For example, an. PayFac vs. However, the setup process might be complex and time consuming. However, the setup process might be complex and time consuming. PSPs facilitate payments and act as a proverbial middleman between you and the merchant. ISOs offer greater control and potential cost savings for larger businesses with high transaction volumes, while payfacs provide a simpler, all-in-one solution for smaller businesses or those with fewer needs. The Worldpay PayFac® experience goes the distance from boarding sub-merchants to collecting payments, reducing risk, and more. This was an increase of 19% over 2020,. However, the setup process might be complex and time consuming. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. But of course, there is also cost involved. It is when a business is set up as a primary merchant account and provides payment processing to its sub-merchants. ISO vs. For example, an. For example, an. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. Generally, a PayFac is a good fit for businesses that process less than $1 million in payment volume annually, while an ISO is well-suited for larger businesses that process more than this. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. When you want to accept payments online, you will need a merchant account from a Payfac. Payfac as a Service is the newest entrant on the Payfac scene. ISOs mostly resell merchant accounts, issued by multiple acquiring banks. In North America, 41% of all payfacs are ISVs, whereas in Europe, only 8% of payfacs are ISVs. This solution involves you partnering with either (1) an acquiring bank or (2) an acquirer and a payment facilitator vendor. However, the setup process might be complex and time consuming. PayFac = Payment Facilitator. Payment Facilitators offer merchants a wide range of sophisticated online platforms. Payfacs are registered independent sales organizations (ISOs) that have been sponsored by an acquiring bank. Examples. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. The PayFac does not have to underwrite all merchants upfront — they are instead, underwriting the merchants essentially as they continue to process transactions for them on an ongoing basis. The contract is typically between the sponsor and the merchant, but the ISO may sometimes be included in a three-party agreement. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. They offer merchants a variety of services, including. In an ever-changing economic world, we are helping businesses be successful today and well into the future. PayFac registration may seem like the preferred option because of the higher earning potential. The most known examples are website-building companies which can provide integrated payment options, meaning ecommerce customers will see their experience improved as they will no longer need to actively look for third-party payment solutions. So naturally, any company considering the option needs to make sure the investment they’ll make in the Payfac model makes sense financially. Shop. In the PayFac model, banks that monitor PayFacs are called Acquiring Banks. Payfac: A payfac operates under a master merchant account and creates subaccounts for each business it services. Touch device users, explore by. (Piense en Square, Stripe, Stax o PayPal). For example, an. But regardless of verticals served, all players would do well to look at. However, the setup process might be complex and time consuming. As PSPs must pay acquirers and banks and still have some profit margin, the fees can be higher than what can be directly negotiated with banks and acquirers. sales and maintain loyalty. In almost every case the Payments are sent to the Merchant directly from the PSP. ISOs mostly resell merchant accounts, issued by multiple acquiring banks. However, the setup process might be complex and time consuming. The Job of ISO is to get merchants connected to the PSP. Today. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. PayFac vs ISO: Key Differences Even though PayFacs and ISOs may seem to be quite similar on the surface, there are a few key differences between them. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. In fact, ISOs don’t even need to be a part of the merchant’s contract. If necessary, it should also enhance its KYC logic a bit. Stripe provides a way for you to whitelabel and embed payments and financial services in your software. While some software providers starting out as an ISO or referral partner may elect a managed payfac solution as the next logical tech enablement progression, other providers may not want to relinquish visibility and control to a third. Is a PayFac a merchant acquirer? A PayFac contracts with an. Next-generation ISO (or next-gen ISO) is a. (ii)during any period of two consecutive years, individuals who at the beginning of such period constitute the board of directors of the Company (the “Board”) and any new directors whose election by the Board or nomination for election by the Company’s stockholders was approved by at least two-thirds of the directors then still in office who either were. Traditional Merchant Account vs. Stripe and Square are two examples of well-known PayFacs that are incredibly popular with business owners in a wide variety of industries. A payfac is also responsible for underwriting and risk assessment, settling funds with submerchants, dealing with chargebacks and disputes, and ensuring compliance with regulations in the payment industry. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. For example, an artisan. The payfac part you described is clear, thanks! What confuses me is that as far as I understand, a PSP can also explore working with a BIN sponsor (an acquirer / a principle member of Visa/MC) so they dont have to get the acquiring license themselves, but in this model they can get into the fund flow since the BIN sponsor would settle to them - this is similar to PayFac model so I’m trying. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. The ISO acts as an intermediary between the merchant and the payment processor, taking care of merchant recruitment, sales, and ongoing merchant support, while the processor handles transactions behind the scenes. ISO: An Independent Sales Organization (ISO) is a company that refers businesses that need to accept card payments to processors and acquiring banks. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. Classical payment aggregator model is more suitable when the merchant in question is either an. implementation of a payment facilitator model) calls for getting certified as one by the respective acquirer, and for. It becomes more lucrative for a PayFac to offer merchant, gateway, and other services in one package and to support a single acquirer/processor. However, the setup process might be complex and time consuming. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. When you start accepting payments online, you need a merchant account from a payment facilitator with sufficient infrastructure and proper compliance to process payments . However, the setup process might be complex and time consuming. The most important difference between a PayFac and an ISO is that PayFacs “own” their merchants – entering into direct contracts with them (albeit on behalf of an acquiring partner. PayFacs perform a wider range of tasks than ISOs. It’s where the funds land after a completed transaction. For example, an artisan. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. When autocomplete results are available use up and down arrows to review and enter to select. Recently, the concepts of PayFac and aggregators have started converging. However, the setup process might be complex and time consuming. e. For example, an. In addition to serving as Payroc ’ s SVP Payfac Trusty,. The downside of this speed is the risk exposure in a breach; if a retail ISO is breached the acquirer steps in and shoulders most of the load. Global expansion Adapt to changing landscapes Stripe’s payfac solution A comparison Get in touch Technology has fundamentally changed how businesses, acquiring banks, and. Estos tipos de cuentas agregan fondos de muchos comerciantes en una. They typically work with a variety of acquiring banks, using those relationships to "resell" merchant accounts to merchants. An ISO (Independent Sales Organization) is similar to a PayFac in a lot of ways. ISO vs. Now let’s dig a little more into the details. Payfac: A payfac operates under a master merchant account, and creates subaccounts for each business it services. Visa, Mastercard) around 2011 as a way for aggregators to provide more transparency into who their sub-merchants were. For example, an artisan. By setting up its own merchant account via an ISO, the retailer can negotiate specific terms and rates, potentially saving money in the long run. Independent sales organizations (ISOs) and resellers of merchant services are examples of payment service providers in the industry. Our digital solution allows merchants to process payments securely. .