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What is a PayFac?

June 19, 2023 by Adam Tracy

A payment facilitator, also known as a PayFac, is a type of service provider that enables businesses to accept electronic payments, including credit card transactions, on behalf of sub-merchants.

Blockrunner, LLC., is a financial services match-making marketplace and consulting company. We are not a bank, FI/NBFI, Payment Service Provider, deposit taking institution, trust, or money services business of any kind. We are not regulated by any financial regulator. Banking, Payment, Processing, and Licensing services are provided by our participating members. This website is for informational purposes only and does not constitute legal advice. If you need legal advice, please consult a licensed attorney in your jurisdiction.