When your business is ready to transform from a traditional merchant services program to an innovative financial model, like payment facilitation, MerchantE is your one-stop shop. We can help you provide your customers a complete software and payment acceptance experience while you generate a recurring revenue stream by offering easy access to payment processing as part of your core solution.
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A payment facilitator holds a master merchant identification number (MID) with the processor, which allows them to open sub-merchant accounts. They own the entire merchant experience and the authority and capability of allowing other businesses to accept payments under their merchant umbrella.
After evaluating a few key criteria to assess acceptable risk, payment facilitators can quickly turn on new merchants as sub-accounts allowing these merchants to start accepting payments immediately. The merchants no longer need to go through lengthy underwriting processes with 3rd parties to acquire their own MID since their account will be a sub-account of the payment facilitator.
Becoming a payment facilitator is a strategic step for businesses seeking a lucrative, value-added alternative to conventional merchant service options. If you are not ready to become a payment facilitator you can start as a referral partner — then migrate when the time is right for your business.
Our platform offers next-generation financial technology that enables businesses to integrate payments even further into their products and solutions. It opens the door for businesses to control the users’ entire onboarding and customer experience while earning additional revenue on every transaction.
Hundreds of software companies and other businesses are already registered as payment facilitators in the United States alone, and many more are moving in this direction. This model is a strategic way for software businesses to increase revenue, improve their solution and control the entire payments experience, making onboarding faster and more user-friendly.
Here are a few examples of the types of Independent Software Vendors (ISV) or software businesses that are providing this model:
MerchantE has a robust set of financial capabilities ready to fit your businesses’ specific needs. With over 20 years of experience delivering innovative financial technology services, we are ready to find the right model for your business.
Complete the form below to begin the conversation on finding the right solution for your business. Whether your needs require a payment facilitation platform or a traditional partner program to optimize your business, connect with us below and let’s get started today.