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The number of payment facilitators at the modern merchant services market is rapidly growing. The concept of a payment facilitator is gaining popularity, alongside other concepts, defining different intermediary entity types, such as a payment service provider (PSP), a payment aggregator, merchant services provider (MSP), or an independent sales organization (ISO). Many present-day ISOs are […]

Date posted: October 23, 2018 | Author: | Comments Off on From ISO to Payment Facilitator

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Depending on a size of a merchant’s business, the merchant might find it more profitable to operate through various types of intermediary entities. A small-size merchant might not even have a MID. In this case merchant funding will be performed by a payment aggregator – a business, which has a lot of small sub-merchants in […]

Date posted: September 18, 2018 | Author: | Comments Off on PSPs, Payment Facilitators, and Aggregators

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If you want to implement convenience fee handling in your payment gateway or system, you need to answer some fundamental questions. First you need to define, whether it will be implemented within your system or within some third-party system. Second, you need to decide, whether convenience fee will represent a part of the original transaction, […]

Date posted: January 13, 2016 | Author: | Comments Off on Handling of Convenience Fees

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