Payment Facilitator Attorney

In the most general terms, it’s an aggregator that sponsors merchants. Historically, the card brands prohibited aggregation, and many states even made it illegal. They reasoned that it was fraught with fraud risks. Yet the advent of the internet forced the card brands to relax that position. Today, some of the most valuable payment companies depend on the payment facilitator model. Two of the most well-known are PayPal® and Square®. Contact us at 213-233-2272 or visit our website for more: https://tfmlaw.com/payment-facilitator-attorney/