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Migrate your stripe subscriptions between accounts in minutes, not weeks Stripe’s pfaas model, stripe connect, operates under stripe’s registered payfac status Payfac is the model behind fintech’s biggest successes, from stripe and square to shopify, uber, and more
It's a critical but often misunderstood topic, so here's an overview in 1,000 words.
Stripe operates as a payment facilitator (payfac) by providing a simplified onboarding process for businesses to accept online payments As a payfac, stripe aggregates multiple merchants under its master merchant account. What is a payment facilitator (payfac) A payment facilitator is a specialized financial services company that enables multiple merchants to accept payments under one master merchant account.
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Examples include stripe, square, and toast.
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