Payrix Pro supports operational integrity and compliance by enabling automated risk assessments and secure, customizable controls across merchant activities, including onboarding and transaction processing. View the following articles for guidance on the Risk Management Portal pages and the platform’s automated risk tools:
A PayFac-as-a-service platform. Software companies can act as payment facilitators without taking on the associated risks, compliance burdens, and investment.
An entity that can process transactions and has been onboarded through a Payrix Pro Partner.
The process of adding clients (Merchants) to the Payrix Pro platform to use the Payrix Pro payment solutions. Also known as boarding.
The movement of funds between a customer (cardholder or eCheck account holder) and a Merchant to purchase a good or service.
The web portal offered by the Payrix Pro platform to accomplish tasks for their business through a web-based user interface rather than the API. The Payrix Pro portal contains general settings, payment processing options, reporting, fee settings, group assignments, user management, and much more.