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2018

A model for streamlining merchant services

 

In the payment facilitator model, a software provider registers with an acquirer to provide payment services to sub-merchants that utilize their software. By registering as a payment facilitator with an acquirer, the software provider acts as a “master” merchant account provider, boarding sub-merchants under their own account in order to facilitate payment transactions for them. Payment facilitators eliminate the need for individual merchants to establish a traditional merchant account.