As a software developer working with Independent Software Vendors (ISVs), partnering with a Payment Facilitator (PayFac) provider can unlock new revenue streams for both you and your clients.
What is a PayFac?
A PayFac simplifies the payment acceptance process for businesses. It allows ISV clients to process payments through their platform, enabling faster merchant onboarding and a smoother experience. For an in-depth understanding, read our guide on the PayFac model.
Traditional Merchant Services vs. PayFac Models
In contrast to the traditional model where ISVs need to set up individual merchant accounts, the PayFac model positions them as the merchant of record. This shift not only simplifies processes for their clients but also opens new revenue streams for their and your business.
Benefits for Software Developers
Partnering with Fox allows you to:
1. Earn Residual Income
By referring ISV clients to our PayFac solutions, you receive residuals, creating a continuous revenue stream.
2. Seamless Integration
Our PFaaS solution integrates with your software, adding value and attracting more clients.
3. Competitive Advantage
Offering our advanced payment solutions sets your software apart in the market.
Benefits for ISV Clients
ISV clients benefit from:
1. Increased Revenue and Valuation
Adopting our PayFac model can significantly boost their revenue and company valuation. As Andreessen Horowitz notes, adding fintech services can increase revenue per customer by 2-5x for SaaS businesses.
2. Efficient Onboarding
Our PFaaS model simplifies the account setup process for quicker payment acceptance.
3. Integrated Payment Processing
Seamless transaction processing within your software enhances their operational efficiency.
The Fox Processing Advantage
Our PFaaS solution not only supports your development goals but also significantly boosts your clients’ financial performance.
Partnering with Fox Processing offers a lucrative opportunity for you and immense value for your ISV clients. Enhance your software’s payment capabilities and revenue potential — contact us today.
