For many software companies, there are distinct benefits to becoming a payment facilitator. But traveling down that road can be daunting. The payments industry is vast and complex, and approaching that ecosystem from the outside can leave software providers wondering whether they’ve gotten the best deal on the services they need.
For many software companies, there are distinct benefits to becoming a payment facilitator. But traveling down that road can be daunting. The payments industry is vast and complex, and approaching that ecosystem from the outside can leave software providers wondering whether they’ve gotten the best deal on the services they need.
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Leading payments platform and payment facilitator Shopify announced this week that it is launching its “reimagined” point-of-sale system and offering it free to merchants through the end of October.
Payment facilitators have a number of tools they can use to reduce their exposure to risk. To mitigate against credit risk, PFs will sometimes hold back funds from the submerchant – known as a reserve – to guard against possible future losses. When are reserves typically used, and is now – as many businesses are experiencing financial hardship because of the coronavirus – a time to implement them?
As businesses adjust to the changing times due to COVID-19, criminals and other bad actors are actively seeking ways to capitalize on the crisis. So, what can payment facilitators do to help protect themselves and their submerchants from fraud and other types of risk in this environment?
Shopify announced this week that it is expanding its Shopify Capital cash advance product to Canada to provide assistance to small businesses there.
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
In an effort to target and support all aspects of commerce, Square has launched Orders API
The payments ecosystem is steeped in acronyms. One of the most critical, affecting payment facilitators from the outset of their relationships with their submerchants, is the acronym KYC.
As businesses adjust to the changing times due to COVID-19, criminals and other bad actors are actively seeking ways to capitalize on the crisis. So, what can payment facilitators do to help protect themselves and their submerchants from fraud and other types of risk in this environment?
For many software companies, there are distinct benefits to becoming a payment facilitator. But traveling down that road can be daunting. The payments industry is vast and complex, and approaching that ecosystem from the outside can leave software providers wondering whether they’ve gotten the best deal on the services they need.
