Payment Facilitators take on an active role in facilitating transactions by providing white-labeled payment processing services that can be integrated into a sub-merchant's overall solution, or as part of their own platform as a service.
But what exactly does it entail and is it right for you?
Software providers have many options when it comes to facilitating payments. While one avenue is to become a payment facilitator, that may not always the right path for your business. Vantiv, now Worldpay is here to guide you in the right direction so we interviewed Jake West, Sr. Leader in PayFac® Business Development, to answer a few questions about what becoming a Payment Facilitator really means.