What is Payments Facilitator | Solidgate
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Payments Facilitator

 

Payments Facilitator serves as a streamlined solution for merchants seeking a quick and easy path to accepting card-based payments. In contrast to traditional payment processors, payment facilitators often leverage existing acquiring bank relationships, which allows them to offer a simplified onboarding process and ready-made solutions.

These facilitators act as intermediaries, aggregating and managing transactions from numerous merchants, creating a shared infrastructure for payment processing. This not only streamlines compliance processes but also contributes to an enhanced customer experience, breaking down barriers for businesses venturing into electronic payments.

Beyond transaction aggregation, payment facilitators provide supplementary services. These may include comprehensive reporting tools, robust fraud prevention measures, and customizable payment solutions tailored to meet the diverse needs of merchants in the electronic payments landscape. By offering a suite of services beyond basic transaction processing, payment facilitators contribute significantly to the growth and efficiency of businesses operating in the electronic payment ecosystem.

 

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