The Benefits of Becoming a Payment Facilitator for Franchisors

If your business belongs to the category of franchise companies, you might benefit from adaption of payment facilitator operation model. The advantages of payfac model adoption are as follows. You can consolidate processing volume of all your franchisees, negotiate “wholesale” transaction processing costs, and get better pricing deal from your processor. You can introduce minor adjustments into “know-your-customer” (KYC) mechanism and seamlessly turn it into an effective merchant onboarding and provisioning system, that you will need as a payment facilitator. Finally, you get the opportunity to withdraw the merchant services fees you are entitled to right at the time when your franchisees (sub-merchants) get funded. You can implement payment facilitator model even more smoothly if you use some ready-made technological solution, designed specifically for payment facilitators, such as UniPay Gateway.

Payment facilitator

More detailed information on the advantages of becoming a payment facilitator can be found in the respective article on Paylosophy.