Payment Facilitator Merchant Accounts
PaynetSecure establishes processing accounts for payment facilitators throughout the world. Payment facilitators process payments for businesses that do not have or cannot obtain direct merchant accounts with acquiring banks. A payment facilitator underwrites, manages, and settles processing funds to the clients.
Other names for a payment facilitator merchant account include third party processor account, master merchant account, and payment aggregators. Payment facilitators assume liability for the merchants processing through their master accounts. And are responsible for proper account management for all companies processing through them.