Payfac as a Service Alternative

Do embedded payments your way, without doing it all yourself.

Learn how Infinicept can help you have a payments solution that's truly yours, without investing the resources to build it all yourself.

Looking for the right payments solution?

Adding payments to your business can be overwhelming. Building your own solution is risky and complicated, but you don't want to use an out-of-the box payments company that locks you into their technology, their partnerships, and their way of doing things.

Infinicept helps software companies own their payments program without the usual disadvantages. Our tools and services simplify the process and get payments up and running quickly while still providing you with the freedom to grow, choose the tools and tech that are right for your business, and focus on the things that matter.

Join us for a live webinar on February xx to learn how Infinicept can help you have a payments solution that's truly yours, without investing the resources to build it all yourself.

Industry Leaders Unite to Produce Standards for the Embedded Payments Industry that Protect Their Payments Rights

Debunking the myths about the payment facilitator model

We’ve heard it all before: becoming a Payfac costs millions of dollars, compliance is hard to manage, you have to hire a huge team, it's risky, and it takes a long time to set up. Well, we disagree.

Most companies in the payments world want to take a slice of your payments revenue, so it benefits them to make it seem like owning your own payments business is complicated, risky, and expensive. The reality is that being a payment facilitator might be easier than you’ve been led to believe, and it's well worth the scalability, flexibility, and freedom it brings your business.

Fallacy: Becoming a Payfac costs over a million dollars in CapEx

Reality: While pioneers such as Stripe or Square had to build everything from the ground up, you don’t. With today’s technology and resources, large capital expenditures aren't necessary for many companies.

Solution: There are options to become a Payfac that don't require huge capital expenditures, such as leveraging solutions like Infinicept to do things like merchant KYC, underwriting and onboarding, reporting, or managing fees and funding.

Capital expenditures are optional depending on how much you choose to use existing technology vs. utilizing Infinicept's APIs. Our team is there to help you work through and mange these decisions. And if you do choose to make capital expenditures, the cost is clearly supported with more revenue, better valuations, and a vibrant payments business

Fallacy: You need to hire a huge team

Reality: Many companies need only one additional FTE to bring payments in-house. The industry you operate in and your annual processing volume will impact how many people are needed to manage your program, but as a general rule of thumb:

If your company processes <100M annually, typically one additional part-time employee can hadle your payments business
If your company processes >100M annually, you'll want to think about adding a full-time operations employee
If your company processes 1B annually, 2-3 additional FTEs might be needed

Solution: Infinicept's PayOps software simplifies everything from onboarding and underwriting to managing fees and funding. And if you don't want to add additional staff, our team can act as your extended workforce to manage underwriting, risk management, and chargebacks so you can focus on making a world-class product.

Fallacy: Managing compliance is too hard

Reality: Compliance is important and something every payments company needs to do. But, compliance is surprisingly straightforward, especially with the right tools and experts to guide you through it.

Solution: There are software solutions like Infinicept's PayOps platform that do most of the work. And better yet, services that can it out of your hands and put it into the hands of experienced professionals who understand compliance in-depth

Fallacy: It takes over a year to set up

Reality: Payfacs can go live in a few months. Yeah, we’re serious. It might take a year or two if you're building an entirely new set of tools, but a typical timeframe for Infinicept customers is 3-5 months. Dependencies include what processor you choose and how prepared your business is to take the right steps.

Solution: Infinicept provides technical experts to help you implement our technology and get you to market faster. Plus, our deep knowledge of payments means that we can guide you through the entire Payfac approval process, step by step. Once you’re approved, our managed services team can take care of merchant underwriting, dispute resolution, and risk management for you for as long as you like.

Fallacy: Being a Payfac is too risky

Reality: Managing risk is part of running a payments business, but it's not as scary as you may think. Typical low-risk business losses are less than .01% or one basis point. This is a tiny fraction of what the middlemen are taking from you when they mark up their services and claim it's because they take on risk.

Solution: Find a partner that allows you to focus your sweat and tears on execution, not on risk. Infinicept's services help you create rock-solid policies and procedures that you can fully implement your way, using our team, so you can concentrate 100% on your go-to-market strategy.

Why own your own payments business?

As your business scales, your payments strategy should scale with it. But, outsourcing your payments program to a third-party payments provider can make that difficult. If you go with a Payfac as-a-Service provider like Stripe or Payrix, you're going to be left with a lot of costly tradeoffs:

You’re stuck with whatever processor, gateway, and payments technology the provider offers, rather than having the freedom to choose what’s right for your customers.
The provider owns your historical and merchant data, making it nearly impossible to change platforms and technologies as your business grows.
There’s limited room for customization, scalability, and growth (after all, it's hard to control your payments business when your payments provider is controlling you).
Your provider controls your risk and reserves, regardless of what's best for your merchants and business.

Learn more about the different options for embedded payments ->

Leading ISVs like Fivestars and ModMed choose to own their payments business. Here's why you should too:

Choose the best processor(s) for your business needs – without being forced to go with the one your software provider likes best.
Customize pricing for your merchants with a simple “Agree to Pricing" function.
Give your merchants more freedom with a portal that lets you offer customized merchant payment processes, select different merchant funding options, and more.
Get the flexibility to tailor application fields to the unique needs of your merchants' vertical so you can provide a better customer experience.
Get the freedom to take on more merchants without taking on more work, because your automated underwriting process makes onboarding easier.

"It took half an FTE more to go the payment facilitator route [than Stripe]. It was easy. The engineering integration was super easy. We did less engineering with Infinicept & WorldPay than we did with Stripe”

- Matt Doka, Co-Founder & CTO, Fivestars