NMI FACe technology enables your merchants to launch within minutes.
The NMI platform has built-in payment facilitator (also known as pay-fac) enablement technology, enabling your merchants to launch within minutes by provisioning both the merchant account and gateway services within a real-time manner.
Whether you’re a registered payment facilitator, are considering becoming one or simply want to leverage the benefits without officially registering and managing your merchants’ risk, our platform can scale to your business needs.
Payment Facilitator Enablement (FACe) Technology benefits
Becoming a Payment Facilitator (pay-fac) FAQ
Who can use NMI's Payment Facilitator Enablement (FACe) Technology?
NMI's Payment Facilitator Enablement (FACe) Technology can adapt to the needs of many different business models, including ISOs, VARs, ISVs Fintech Innovators, and Payment Facilitators that cater to merchants in most industry verticals.
How does Payment Facilitator Enablement (FACe) Technology work?
FACe is a layer of our unified commerce platform that operates on a sub-merchant basis where merchants no longer require their own MID. Instead, they are directly boarded under a master MID account on our platform. The merchant simply applies by filling out 7-8 key data points. From there, those data points are evaluated by an underwriting tool and approved or declined in real-time. Once approved, the merchant is boarded as a sub-merchant under the master MID account.
What do I need to do to get up and running with FACe?
- PayFac Sooners and Boomers
- NMI’s FACe Platform Offers PayFacs Real-Time ACH and Account Updater
- Will PayFacs Kill the VAR Model?
If you’re seeking a way to reduce merchant friction, seamlessly and immediately offer your merchants access to electronic payments, increase your share of recurring revenue, and improve your reporting, speak to NMI about becoming a payment facilitator.