The iCorp 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.
More and more businesses are coming to expect a quick and seamless onboarding process without all the underwriting headaches and wait times. Our unified commerce enablement platform can deliver exactly that—a speedy and painless process that enables you to create both a merchant account and platform account in a single step in real-time.
The platform collects a few simple data points and communicates them to the processor in real-time to create a sub-merchant account under the “master merchant” ID.
Know Your Customer (KYC) requirements are different for the payment facilitator model, and our platform provides all the tools necessary to manage these KYC requirements, including comprehensive reporting.
Set rates as you see fit for each sub-merchant and the platform tracks the credit card processing and platform fees for every merchant.
Send consolidated statements, which include merchant account and platform fees, to all sub-merchants directly from the platform.
Our payment facilitator technology provides “gross settlement” statements that make reconciliation painless for sub-merchants.
You and your sub-merchants are kept in the loop on any chargeback activity.
If you also service merchants with traditional accounts, our payment facilitator technology reporting is fully backwards compatible with any traditional merchants boarded on the platform.
Icorp Global Limited is a company registered in England and Wales (No: 09931100).
Icorp Global Limited is Regulated by the Financial Conduct Authority and Our Financial Service Registration Number is 753681.
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