Payengine

Payengine is a white-label platform for embedded payments and a ready PayFac solution for vertical SaaS products. It was founded in 2021 and is based in Chicago.

Products Listed products are No-code White-Label Widgets, Automated Merchant Onboarding, POS and Online Processing, and Fee Management. According to the company, low-code widgets let a software vendor launch branded processing quickly, with merchant sign-up and fee settings handled inside the vendor's own interface.

Target segments Target verticals are vertical SaaS, hospitality, retail tech and B2B software. These are products where merchants already use a software platform daily, so adding payments inside it can create new revenue for the vendor.

Geography and economics The geography is the United States and Canada. The commercial model is revenue share with no upfront cost, which lowers the barrier for a software company testing payments. The share ratio, per-transaction pricing for merchants and the underwriting criteria are not published. A vendor should clarify who carries risk and compliance duties as the PayFac, and what it controls in the merchant experience.