How to become a Payment Facilitator

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HOW TO BECOME A PAYMENT FACILITATOR
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We will outline the Steps to becoming a Payment
facilitator but first it's important to
understand The vast majority of platforms that
aspire to become a true payment facilitator
arent good fits for MANY reasons.
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YOU WILL NEED
Money. Expect to spend 50k easy to spend
gt100k Payments understanding and especially risk
mitigation. Check out "What can go wrong with
Payment facilitator"? for more info. Resources
to devote to ongoing compliance and risk staff
and User base that has the potential to
generate enough transactional revenue to offset
costs. Without this forget everything else. You
make money from processing fees margin between
costs and sell rate. You NEED lots of
transactions! Check out 5 Things You Must Have
to Become a Payment facilitator
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SO HOW DO YOU BECOME A PAYMENT FACILITATOR?

• Register w/Sponsor Bank
• Approval by Sponsor Bank
• Connect with Technology platform. Integrate via
  API
• Sponsor bank issues PayFac / facilitator
  credentials
• Go to market
• Refine
• This process likely takes 6 months or more.

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To get a more comprehensive overview of Payment
facilitator and more importantly to decide if it
might be right for you- Payment facilitator
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Hybrid Payment facilitator or even a Payment
Partnership may be better fits especially if your
app does not have the gravity needed for true
facilitator. Again most platforms arent ready
for true facilitator but you can get most of the
benefits without the cumbersome drawbacks if you
find the right partner. Good luck.
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If you are looking to explore your payment
options contact us at sales_at_AgilePayments.com ?or
call 888.729.4968.