ProFac Silver
No registration; Partner or ProPay manage risk, underwriting, AML, OFAC and take liability; flexibility on app and branding
- Designed for SaaS and software providers needing referral capabilities plus flexibility in the application, branding and underwriting processes
- Registration not required
- No transactional liability for the ProFac
- Utilize ProPay’s T&Cs embedded
- Merchants can use ProPay’s system for reporting and online access, or this can be provided by the vendor
- Customer service is a combined effort between parties
- Underwriting performed fully by ProPay; can explore hybrid approach where existing relationships exist (DDAs, legal, etc.) to expedite KYC, OFAC and regulatory requirements