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UniPayGateway

November 26, 2015
Written by
James Davis
Written by James Davis
Senior Technical Writer at United Thinkers

Author of the Paylosophy blog, a veteran writer, and a stock analyst with extensive knowledge and experience in the financial services industry that allows me to cover the latest payment industry news, developments, and insights.

My works have been cited across media and payment blogs. I do my best to help businesses make the most efficient financial decisions that can positively and significantly improve their business growth.

Whether you are a seasoned investor or just starting out in the world of payments, my writing is designed to be accessible to everyone and help people navigate the complex world of payments. So if you want to stay up-to-date on the latest trends and insights in the payment industry, be sure to check out Paylosophy and my published works.

Reviewed by
Kathrine Pensatori
Product Specialist at United Thinkers

Product specialist with more than 10 years of experience in the Payment Processing Industry. I help payment facilitators and PSPs solve their various payment processing issues. On a regular basis, I work with a team of knowledgeable technical people in the space, and I am passionate about finding creative solutions to the challenges presented by the Payments Industry.

I would be happy to help with any questions you might have regarding credit card payment processing, merchant services, EMV certifications, the various ways of becoming a payment facilitator or a payment platform, as well as any other Payment Industry related issues you might be struggling with. Feel free to follow me on Quora, and don’t hesitate to send me links to the specific Quora questions you would like me to answer.

How Businesses can Become a Payment Facilitator

Companies with a desire to become a payment facilitator face a long road and many challenges, but it may be possible for your company to meet those challenges if you know what’s expected and choose the right payment gateway solution. Payment facilitators take legal responsibility for money when it isn’t still in the hands of the buyer and isn’t yet in the hands of the merchant, so this role in facilitating payments couldn’t be more important.

An important part of the payment facilitator (PayFac) role is freeing the underwriter from myriad administrative tasks, including tedious tasks like account approval and sub-merchant funding. As the industry has evolved, software companies that previously worked with gateways realized they were giving away profits to third parties and wanted more control.

Accept Payments Online

To become a payment facilitator so that you or your clients can accept payments online or in person with greater profit, your company needs a strong relationship with a payment gateway company — as well as many other kinds of arrangements in place. The best payment gateway is one that makes the process smooth and as simple as possible while providing you a robust range of features. Learn more about payment solutions — including the UniPay payment gateway solution and using it in your evolving role as a payment facilitator — from an article on the PayVisors business consulting company website.

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