Are you ready to become a PayFac?
If you’re like most providers offering payments solutions and services, you’d probably like to have more control. At RSPA RetailNOW 2023, The Strawhecker Group shared results of a study that confirm that solutions providers would like to have more say over merchant onboarding, processing fees, support, and customer experiences. Solutions providers can gain more control over merchant relationships when they become payment facilitators (PayFacs).