Powering Payment Solutions for Platforms

Pay360 Evolve is our brand-new integrated payment facilitation platform, designed to work seamlessly with, rather than alongside, your software. By integrating it PayFac into your systems, your end users will each go through an identical onboarding process, so you don’t need to ask your customers to seek a merchant account through a third party. A defined and homogenous onboarding journey keeps you in control and minimises the risk of your customers dropping out of the process.

Pay360 Evolve is aimed at independent software providers (ISVs), software providers, platforms and marketplaces owners. You integrate with the platform and can offer a payment channel to your customers through Evolve. Whether you are new to payments or already working with an alternative payment provider, we can help you to get the most out of payments. We serve a range of market verticals, including education, the public sector, housing, banking, insurance, retail and more.

Alternatively, if you are an end-merchant that wants to take payments in your business, our team can discuss different options available to you.

Call our team on 01332 477 853 to learn more.

Pay360 Evolve caters to a diverse customer landscape by offering multiple payment methods. You can take payments by Visa, Mastercard, PayPal, Apple Pay, Pay by Bank App, Cash, Post Office and PayPoint.

A payment facilitator, sometimes known as a PayFac or PF, is an alternative to the traditional merchant service provider. A PayFac simplifies the merchant account enrolment process. It operates on a sub-merchant platform where merchants no longer require their own merchant ID (MID) but are boarded directly under the PayFac’s master MID account. Pay360 Evolve is a PayFac platform.

The PayFac opens a merchant bank account and receives a MID to acquire and aggregate payments for groups of smaller merchants, typically called sub-merchants. The PayFac registers its master MID with an acquiring bank. This means that sub-merchants don’t need to register their unique MIDs —instead, transactions are aggregated under the PayFac’s master MID.

This reduces the complexity and long time frames that sub-merchants traditionally face when setting up online payments on their own, by eliminating their need to establish and maintain relationships with an acquiring bank, payment gateway and other service providers.

1. Onboarding customers to be able to take payments
2. Ensuring that appropriate due diligence checks are undertaken on all new customers including KYC (know your customer) and AML (anti money laundering) checks
3. Monitoring customer accounts to mitigate risk.