Payrix

Payrix is embedded white-label PayFac infrastructure for vertical software, automating underwriting, billing and split payouts. It was founded in 2015 and is based in Atlanta. The company says it was acquired by FIS/Worldpay.

Capabilities Listed products are White-Label PayFac-as-a-Service, Automated KYC/KYB, Fee Splitting, Custom Branding and Risk Monitoring. According to the company, a software platform can launch a branded PayFac without registering with Visa or Mastercard itself, because it operates under the provider's registration. Automated KYC and KYB handle merchant onboarding inside the platform.

Customers and markets Target verticals are SaaS platforms, field services, property tech and healthcare. The stated geography is the United States, Canada, the United Kingdom and Australia.

Commercial model Payrix works on revenue share or a PayFac SaaS rate. The split, fees and risk and chargeback liability arrangements are not published. Software vendors weighing PayFac-as-a-Service against becoming a registered PayFac themselves usually compare revenue share, control of the merchant experience and compliance workload.