The Green Sheet
Fattmerchant, an integrated payment technology provider that simplifies the payment processing experience for business owners, announced its partnership with Finix, a payments infrastructure platform, to power Finix Flex. The new offering allows SaaS platforms, independent software vendors (ISVs), and value-added resellers (VARs) to start processing payments immediately within their platforms and future-proof their payments strategy.
Previously, software companies that wanted to become payment facilitators (payfacs) needed to assume risk and provide millions of dollars in upfront investment to build the infrastructure. Finix Flex streamlines the entire process and handles merchant onboarding, transaction monitoring and chargeback management. One simple integration allows companies to charge cardholders, disburse funds to merchants and satisfy PCI requirements. The platform is also scalable to a software company’s needs.
Interested in learning more about payment monetization?
As software companies look to monetize their payments, implementing a payments monetization model is a decision that should be carefully planned and evaluated. Independent software vendors (ISVs) must first determine their risk tolerance and the amount of resources they are willing to dedicate to such a pivotal undertaking before considering a single model.
Check out TSG’s recent article to learn more: The Merging of Software and Payments
To help illustrate, TSG also prepared a shareable infographic covering the four models of monetization and how they vary in complexity and level of risk vs reward. Download your copy here.
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