Payment Facilitation Eco System

 

Merchants register with a payment facilitator and give basic company data, like their legal name, tax identification number, and banking information. The payment facilitator conducts a risk assessment on merchants.

Merchants will be accepting payments using the payment facilitator after they have been approved. Payment facilitator gathers transactions from several merchants and deposits them into a single account.

After deducting fees and other costs, the payment facilitator settles the funds into the merchant's bank account, usually on a daily or weekly basis.