Overview

Payarc’s Payment Facilitator (PayFac) offering enables ISVs and software platforms to onboard and manage sub-merchants under a master merchant model, providing instant boarding, split funding and omnichannel payment acceptance (cards, ACH, recurring billing, virtual terminals). The solution includes API and iFrame integration options, a gateway for transaction monitoring, and tools for merchant lifecycle management and compliance — designed to let platforms monetize payments and control the payment flow while simplifying merchant onboarding.

Features and Capabilities

• Payment Acceptance Methods: Cards, ACH, virtual terminals, stored accounts, recurring payments, installment payments, invoicing, and surcharging/dual pricing — configurable per merchant.
• Integration Options: REST APIs and embeddable iFrames for ISVs to integrate payment flows into web and mobile applications with customizable UX.
• Instant Boarding & Merchant Onboarding: PayFac model supports rapid sub-merchant provisioning under a master MID to reduce time-to-market for software platforms.
• Split Funding & Marketplace Support: Native capabilities to split transactions and route settlement to multiple recipients, ideal for marketplaces and platforms.
• Gateway & Transaction Management: Central gateway offering real-time transaction monitoring, virtual terminal, reporting dashboards, and settlement controls.
• Risk, Compliance & PCI Scope Reduction: Tools and processes to help manage underwriting, KYC for sub-merchants, and reduce PCI scope through gateway and platform controls.
• Developer Resources & APIs: Comprehensive API endpoints for onboarding, merchant application management, and programmatic compliance checks.
• Hardware & POS Compatibility: Works with in-person POS devices and full omnichannel stack — including mobile and web payments — to support retail and restaurant use cases.
• Monetization & Pricing Flexibility: Custom pricing models, revenue share options for partners, and configurable merchant pricing for ISVs that monetize payments.