Becoming a Payment Facilitator

Companies that would like to become payment facilitators are looking at a daunting process with a number of challenges. If you would like your business to become a payment facilitator, you need to know what is expected of a company taking on that role and implement a payment gateway service.

As a payment facilitator, you will be taking legal responsibility for money between the time it is paid by a customer and the time it is received by a merchant. An important part of this role is taking on many of the administrative tasks, such as approving accounts and sub-merchant funding, that would otherwise be handled by an underwriter.

Many software companies that have worked with gateways came to understand that they were losing significant profit to third parties and started taking control of the process. If you want to become a payment facilitator so that you and your clients can keep more profit from credit and debit card payments, you will need to establish a solid relationship with a credit card gateway service. You’ll want to use a payment gateway that streamlines the process and offers plenty of features and options.

You can learn more about becoming a payment facilitator and how the UniPay payment gateway can help you step into your new role as a payment facilitator from the PayVisors business consulting website.