The Benefits of Working with a Payment Facilitator

A Payment Facilitator, or PayFac, is a vendor that handles credit card and other electronic payment transactions for a given merchant. Unlike ISOs, which mainly sell generic and off-the-shelf solutions, PayFacs are usually software companies that develop and customize payment tools specifically for their type of customers. 

Industry-Specific Payment Capabilities

The energy industry is nuanced, and fuel delivery companies need payment solutions that fit seamlessly into their existing processes and customer needs. As established software companies, Payment Facilitators have the expertise and industry resources to build unique features and connect payment tools with other parts of your software. PayFacs can build special features for customers, including text-to-pay, mobile payments, and built-in tools to help with reconciliation and visibility into settlement data directly inside your operational software.

One Vendor, One System

When a software company invests in becoming a PayFac, its customers reap the benefits. A PayFac takes on payment processing roles for users. If they also fill the role of the software provider, your vendor becomes a one-stop-shop for payment-related services and support. This streamlines your payment processing workflows and expedites resolutions for your payment-related support tickets. You’ll also enjoy innovative new payment features that are released similarly to the company’s software updates.

Get the Most out of Your Software

Many software providers like Cargas have become Payment Facilitators to streamline the transaction validation process for industry-specific customers. If your software provider is also a payment facilitator, they can offer the infrastructure to process credit card transactions directly through their software product, allowing you to consolidate all of your payment info within a solution that you already use. 

Cargas Energy as a PayFac

With the introduction of Cargas Pay, Cargas offers PCI-compliant Payment Facilitation directly embedded within your Cargas Energy software. If you want to take advantage of PayFac tools built specifically for the energy industry, book a meeting with one of our Cargas Energy consultants.