Posted on 12 May 2023 by Elise VétoisTrends Reading Time: 2 minutesJonathan Lesieur, VP PSP & Fintechs of Payplug, has shared with The Paypers the advantages of the payment facilitation model and how to turn it into a revenue driver. Find a summary of the article published by The Paypers below.What does the payment facilitator market look like today?The Payfacs enable merchants to accept payments from their customers and connect to a card scheme, through an acquirer – a traditional bank or another institution. Their number has considerably grown in the last few years with a 13.8% worldwide CAGR (Compound Annual Growth Rate) over the period 2018-2025*. Two types of players are driving this growth: PSPs (Payment Service Providers), naturally positioned on the Payfac market; ISVs (Independent Software Vendors) adding a Payment-as-a-Service layer to their offering.What are the advantages of the Payfac model?Two major options are available to connect with card schemes:apply for affiliated membership status to the scheme itself;select an acquirer and operate as a Payfac.The latter has the advantage of combining: facilitated access to payment services;easy integration of payment methods for a reduced time-to-market;optimised resource allocation.What to look for in an acquiring partner?The sensitivity of payment processing requires expertise and performance. That’s why Payplug has developed a Payfac solution specifically designed to meet their needs, based on: our 10 year experience as a major European acquirer, principal member of the CB scheme, and expert in cards payment performance;our know-how in terms of regulatory requirements monitoring;our extensive knowledge of the European e-commerce market, with over 16,000 clients.What are the assets of our Payfac solution?1- SimplicitySimplified onboarding with instant pay-in activationAutomated dynamic descriptor generation2- Risk managementCustomised rules engine enriched with issuer dataFraud, risk and data experts dedicated to fraud watching and strategy optimising3- ProximityPayplug being a paytech and thus sharing the same DNA and values as most PayfacsPayplug being part of Groupe BPCE and leveraging a unique setting to deliver the best payments success rates*Source: Infinicept & AZ Payments Group report, 2020To find out more about what Payplug can do for payment facilitators: Explore our solution Share this article
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