What is a Payment Facilitator?
As e-commerce continues to grow in popularity, the process of making and accepting payments online becomes increasingly important. Payment facilitators, also known as payment aggregators or payment service providers, have emerged as an important player in this field. In this blog, we will discuss what a payment facilitator is and how it differs from traditional payment processing methods. Payment facilitators are companies that offer payment processing services to merchants, enabling them to accept credit and debit card payments from their customers. Essentially, payment facilitators act as intermediaries between merchants and payment networks such as Visa, Mastercard, and American Express. By