Payment Facilitation

Payment facilitation is a process where a company (the facilitator) simplifies and speeds up the way small businesses or merchants accept electronic payments, like credit cards. Instead of each merchant needing a separate merchant account with a bank, the facilitator provides a unified platform that manages the payment transactions and underwriting on behalf of multiple merchants. This allows new or small businesses to start accepting card payments quickly, with the facilitator handling compliance, risk, and settlement. Essentially, it streamlines payment acceptance, making it easier and faster for smaller entities to process electronic payments securely.