Onboarding under master entity structure
Under PayFac structures, merchants operate under a master entity’s licence. This speeds onboarding but increases dependency risk. Termination risk is concentrated at the platform level.
Transfer of funds to merchant account
How payments and conversions are directed internally
A refund policy sets the rules for how a business handles returns and repayments, including who covers any difference in value when exchange rates have moved.
Cryptographic key that controls access to digital assets
Controls for holding converting and managing balances
Availability commitment and service level agreement