In the customer purchase journey, the payment experience is one of the most important steps. Offering customers the possibility of a fast, secure and convenient transaction can be the difference between a completed sale and an abandoned cart .
In this case, payment facilitators are powerful allies to optimize this process , providing solutions that simplify daily operations.
But how do you choose the best payment facilitator for your business? In this article, we will explain what payment facilitators are and how to select the option that best suits your business needs . Check it out!
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What is a payment facilitator?
A payment facilitator is an entity that oman whatsapp number data the process of accepting payments for merchants.
They act as intermediaries between merchants and financial institutions , ensuring that transactions are processed securely and efficiently.
In general, payment facilitators bundle multiple financial services importance of choosing technologies to offer an integrated and convenient solution.
Payment facilitators are important for sales operations. They enable companies of all sizes to accept payments securely and efficiently , contributing to financial inclusion and the globalization of commerce.
The payment facilitator was regulated by Circular No. 3,862/13 , of the Central Bank of Brazil:
Art. 11. Payment institutions and importance of choosing institutions, including when they act as sub-acquirer or as domicile institution, as well as network service providers and other entities that perform other activities provided for in the participation modalities expressly established in the payment arrangement regulations, become participants when they join a payment arrangement.
What is the role of the payment facilitator?
Payment facilitators operate through amazon user experience1 platforms that connect merchants to various payment networks , including cards, bank transfers and Pix .
There are several features that an establishment can importance of choosing from when choosing to use a payment facilitator. However, in general, the basic operation involves the following steps:
- Payment integration: Imagine a ba leads store that will accept card payments. It needs a means of receiving payments, such as a card terminal or an online payment system. The payment facilitator provides this point of sale and helps set it up, ensuring that it is connected to the payment processing system.