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PayFac is short for Payment Facilitator or Payment Aggregator. The term refers to an individual or entity that accepts payments on behalf of other businesses. These businesses are commonly known as sub-merchants.
“PayFac has a major impact on OLB revenue recognition. It provides control over the money of merchants and adds more responsibilities in billings of services”
A few important pointers about PayFac
PayFac assumes the responsibility for Chargebacks, Fraud, KYC (Know Your Customer) and AML (Anti-Money Laundering).
We can underwrite new merchants very quickly (sometimes instantly).
We are responsible for PCI compliance.
We are registered with acquiring banks.
We have set up reserves to assume the risk.
We have software already built into SecurPay to handle all the requirements.
Integrated Products & Services
Certified By Visa/MC
Level II and
Payments provider The OLB Group Inc. announced Tuesday that its SecurePay payment gateway will support payment acceptance through social-media applications without requiring consumers to leave the app. To enable payments through such apps as Facebook, Instagram, Twitter, WhatsApp, TikTok and Skype, OLB is leveraging the application-programming interfaces for social-media platforms to connect
Robust E-commerce trends in holiday season should help drive continued sequential improvement. Even with some non-essential retailers or restaurants seeing reduced customer traffic in the wake of the second wave of the COVID-19 pandemic and resulting partial lockdowns, the robust trends seen in E-commerce sales during the key holiday season
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OLBG is a comprehensive single solution for all the ways you sell across digital media (internet, mobile, corporate storefronts) and for driving up your in-store sales. It helps you to avoid the complexity of technology and integration of all these channels to drive revenue at lower costs. OLBG helps you create web and mobile storefronts, offer dynamic catalog and pricing information, and enable your target consumers to find and buy your products across all available channels.
With your online store powered by OLBG and our digital catalog that can be syndicated to your dealers and retailers, you can reach consumers across channels. OLBG enables you and your dealers to leverage digital channels such as the internet, mobile, and social media to promote your brand and sell your products directly online alongside physical stores.
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