Payments Strategies for SaaS Companies

It seems everyone -- from traditional corporations to challenger, neo-banks -- wants to offer customers a card, lending, or faster access to their funds. Now that technology has finally arrived to financial services, legacy financial institutions are rethinking service delivery as new models and businesses emerge. An overview of the infrastructure underneath the payments that power our lives helps to paint a clear picture of how financial institutions work together to move money through this complex network.

At a glance it’s hard to imagine how pizza has anything to do with payments, but here at Finix we sometimes like to use analogies to describe complex concepts, and we’re especially fond of food analogies (payments layer cake, anyone?). Basically, there are four ways to get pizza, and when you break it down, there are also four ways to integrate payments into your SaaS or ecommerce platform.

If you’re among the many SaaS companies that are already processing payments for your customers, then you know how instrumental payments are to revenue growth and the customer experience. You’re also likely aware of the abundance of confusing payments lingo thrown about on the internet. In this blog, we’re going to demystify these two terms: embedded payments and integrated payments.