A "PayFac" that onboards many sub-merchants under its own master merchant account, letting them start accepting cards quickly (think Square or Stripe). It trades some control and pricing flexibility for speed and simplicity.
Why it matters for your business
Terms like Payment facilitator aren't just jargon — they sit behind what you actually pay to accept payments. Understanding them is the difference between reading your statement and being at the mercy of it. If you're not sure how this shows up in your own costs, the fastest way to find out is to have someone read your statement line by line.
See what you're really paying →Related — Processing & Technology