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ACH Payment Facilitation

For more than 17 years, Agile Payments has been providing integrated payments solutions to businesses who develop and provide software applications to their vertical industries.. Visit: https://www.agilepayments.com/

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ACH Payment Facilitation

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  1. Where Strategic Payment Partnerships AreFormed

  2. The ACH Facilitator Debate: Why You Should Consider aPartnership

  3. An ACH Payment Facilitator, or “PayFac” allows a SaaS company to act as a master merchant for its clientbase. The SaaS provider onboards clients via a non-intrusive application process -- making it simple for the user base to quickly begin accepting customer payments. While these generally are credit card transactions, a new approach via ACH are growing inpopularity.

  4. There are two primary types of paymentfacilitator: • The super facilitator, such as Stripe and Paypal. • The SaaS provider with a web-based payments component. Each provides a suite of accounting features with embedded payment processing and reconciliation as criticalcomponents.

  5. The common payment rail associated with payment facilitation has been credit cards. Now that ACH has entered the facilitationspace, companies with a subscription-based model or ones that have recurring payments needs can benefit from ACH processing. These benefitsinclude: • Lower processingcosts. • Reduction in credit carddeclines. • Having a payment rail option in addition to thedefault • payment method, which is often a creditcard.

  6. Although there are ACH facilitation options available, it often makes better sense to partner with a third- party ACH processor that understands the ACHnetwork. You can also leverage ACH merchant application APIs, which provide fast onboarding for new clients and can be white labeled for your organization.

  7. While it’s certainly not as quick as becoming a true facilitator, working with a third-party facilitator can offer long term benefits around cost reduction, compliance management andrevenue potential. These may make a payment partnership an idealfit.

  8. If you are looking to explore your payment options contact us at sales@AgilePayments.comor call888.729.4968.

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