United Thinkers released an updated version of a free white paper explaining how to become a payment facilitator
New York, NY – (July 16, 2018): United Thinkers, a New-York based commercial open-source Payment Management Software provider has updated its popular white paper for prospective payment facilitators in accordance with the realities and latest requirements of merchant services industry.
United Thinkers published a free white paper providing tips for those who want to become payment facilitators on how to go through the process as smoothly and seamlessly as possible. The process of becoming a full-fledged payment facilitator is rather complex. Maybe, you want to provide payment facilitation services, but are not sure, which documents you need to obtain, which particular steps you should take, and in which order. Maybe, you cannot define the optimal ways to implement crucial PayFac-specific features, such as merchant underwriting, monitoring, funding, remittance, payment processing etc? Or maybe you are simply not sure where to start. If any of these apply, then the white paper is for you.
The white paper text is available for free download here: White Paper: How To Become a Payment Facilitator .
The white paper consists of several sections, each covering some particular aspect of payment facilitator model implementation, such as the following ones. Who are payment facilitators and how the PayFac concept emerged? What is the difference between payment facilitators, ISOs, payment service providers, aggregators etc.? Which particular steps you should take to become a full-fledged payment facilitator? How to handle different functions related to merchant lifecycle? What are the approximate actual costs associated with each phase of the process? A separate section describes specific use cases, dedicated to practical issues around payment facilitator model: implementation of card-present EMV terminal solution, replacement of a legacy payment platform with a new one, reduction of your PCI exposure, and others.
Original edition of the white paper has previously been published and downloaded by many readers. Now it has been updated in order to meet the requirements of the present-day payment facilitation services market. The white paper is targeted at the following categories of users: large corporations and holding companies that look for opportunities to consolidate processing across all departments or portfolio members within some unified platform; large software platforms that want to make a transition to payment facilitator model; franchisors; wholesale independent sales organizations and others.
“Payment facilitators remain one of the key categories of our clients, so we are constantly trying to improve customer experience for both existing and prospective PayFacs. Our updated white paper on how to become a payment facilitator allows future PayFacs to understand, which aspects of the transition process they need to consider more carefully” says United Thinkers president, Eugene Kipnis. “Beside that, in order to help both novices and professionals to reduce the cost of payment facilitator model implementation (or, at least, to avoid unnecessary losses of resources in the process), our payment experts are providing free consultations on the most important and tricky issues related to the transition. Finally, for those who are considering the option of becoming payment facilitators, but are not yet ready to assume all the burden of PayFac-specific responsibilities, we are offering a Virtual PayFac program, allowing a company to enjoy most benefits of the model without actually becoming a PayFac”.
Just to remind, you can download our white paper to find out how to become a Payment Facilitator.
The appeal of the UniPay Platform is the open-source nature, affordable cost, robust omni-channel feature set, as well as the advanced API’s and wide variety of Code Samples for easy integrations.
The components of UniPay are UniCharge, UniBill, and UniRead Modules (UniPayGateway.com):
UniPay Gateway platform has numerous APIs, its own EMV terminal solution, and mobile solution. It is integrated with all major processors and payment facilitation platforms in North America.
To receive more information, please contact [email protected]
About United Thinkers
United Thinkers is an enterprise software development company that specializes in payment gateway technology development. The UniPay Gateway is the company’s flagship product. For more information about payment processing vision of UniPay, please visit our blog at Paylosophy.com