Comparison Guides14 min read
MoR vs. PayFac vs. Marketplace Model for Platform Teams
Merchant of Record, payment facilitator and marketplace are not three mutually exclusive business models. Merchant of Record describes responsibility for a transaction. A payment facilitator helps sponsored merchants accept payments through an acquirer. A marketplace connects buyers and sellers; some card networks also define a specific marketplace acceptance program. A marketplace business can use a PayFac or sell through an outsourced MoR service.
Merchant of RecordPayment facilitationMarketplace payments+1 more
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