Resumen
TRAXX is a payment facilitator (PayFac) operating in Singapore. The PayFac model lets a business start taking payments without a separate contract with an acquiring bank: the facilitator onboards the merchant as a sub-merchant under its own master agreement.
How a PayFac works
- the provider reviews and onboards merchants itself;
- shopper funds flow through its acquiring relationships with banks;
- the provider splits incoming funds among sub-merchants and is responsible for risk controls.
For the merchant this is usually faster and simpler than direct acquiring: less paperwork and a shorter path to the first payment. The trade-off is standardised terms that flex less for large volumes.
Who it suits
- small and medium businesses in Singapore;
- platforms and marketplaces that need to onboard their sellers;
- companies entering the Singapore market.
Terms
Payment methods, pricing and payout timing are not published. They are shared at onboarding; have your company details and expected turnover ready.
Legal entity
Traxx Payments Pte Ltd.
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