A sneak peek at how Payrix implements Embedded Payments

Updated on July 24, 2024

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With their sights set on elevating the customer experience, deepening user engagement, and driving sustainable growth, there’s one thing software companies are making room for in their roadmap: Embedded Payments. Seamlessly weaving payment processing into software can amplify a platform’s offering and reinforce its value as a fully loaded operating system their users rely on daily. 

However, not all Embedded Payments solutions are built under the same standards. When exploring options, it’s important for software companies to pay particular attention to the implementation process of the solution they choose. Whether you decide to move ahead with plug-and-play products or solutions that require a full API integration, to get the most value from your investment, your implementation should be transparent, tailored, and flexible.

Staying true to our promise of transparency, we’re offering a look into the Payrix implementation process. 

An overview of the Payrix Embedded Payments solution

Embedded Payments come in various forms, but customers of Payrix have specifically sought out our PayFac-as-a-Service solution for its perfect balance of customization, control, and time-to-value. Also known as payment facilitation-as-a-service or PFaaS, it provides software companies with the infrastructure and support to offer payment acceptance capabilities to their customers, as a white-label solution. It’s a seamless integration that’s tailored to fit the unique business needs of any vertical software, while carefully preserving the platform brand and user experience. What’s particularly appealing is that it protects software companies from the risk, compliance, operational costs, and other complexities associated with payments — all of which are managed by Payrix.

When implementing PayFac-as-a-Service with Payrix, software companies open themselves to payment monetization opportunities and the ability to earn recurring revenue from the share of processing fees. It’s also an optimal path for launching quickly, if speed-to-market and technology concerns are a priority.

What to expect during Payrix implementation

Learn everything you need to know about Payrix expert-designed implementation process.

An Embedded Payments implementation with Payrix 

From the moment our software partners decide they’re ready to embed payments into their platform, we’re ready and waiting to walk them through every phase — the most important being the implementation phase. A critical milestone in the launch of your payments business, your implementation is the establishment of your Embedded Payments foundation, where solutions are determined and tailored, resources are put into place, and the path is laid for your future success.

The first implementation call is the official and initial moment that ignites the fuller implementation process. Hosted by the Payrix team, it’s a chance to set the stage for the planning, building, and collaborating to come. Here’s what you can expect from a typical Payrix implementation call: 

A sample agenda of a Payrix implementation call 

    1. Introductions
      To kick things off, your Payrix Implementation Team will introduce themselves, ensure you’re familiar with the various roles, and take some time to get to know your team and your organization better.
    2. Discovery of your payments knowledge
      During this part of the call, we like to get a sense of your current understanding of payments. There’s absolutely no assumption that you’re a payments expert and no pressure to become one — that’s our job. We do this to understand how we can best support your team and fill any knowledge gaps with the appropriate educational resources.
    3. Exploration of current applications
      At this point in the call, we begin to define the implementation process that makes the most sense for your team and software. Based on your existing applications, we can help you determine what solutions are best suited for your software. Whether your platform needs a hosted payment page or a full API integration, we’ll create a solution roadmap that serves the needs of your customers and goals of your business.
    4. Review of capacity and capabilities
      As you roll out the new payments piece of your business, we want to ensure you have the resources in place to support it. We’ll recommend assigning a few dedicated team members to oversee technical responsibilities, customer service, and merchant acquisition efforts, so you can maximize adoption and retention rates. Any training needs are fulfilled by our accessible educational materials and white-glove support.
    5. Creation of your project plan
      At the conclusion of the call, we’ll summarize the findings from the discussion and determine the next steps in your team’s personalized path forward. We’ll walk away with enough information to begin building your sandbox environment, moving you closer to launching Embedded Payments and onboarding your customers.

Implement Embedded Payments confidently with Payrix

By leveraging a partnership with Payrix, software companies can bring Embedded Payments to market quickly, and may achieve an earlier return on investment. We know just how much the success of a platform’s payments business hinges on the quality of the implementation, which is why we take an approach unlike any other. 

We deliver an empowering experience that is transparent, flexible, and guided. It goes far beyond the traditional DIY, documentation-driven approach. Instead, we blend self-service accessibility with white-glove support. Our implementation is built on a digital framework that enables us to provide visibility into the full process, ensuring every task is tracked, next steps are clear, and progress is measured in real time. Every launch is supported by a dedicated implementation team invested in you and your Embedded Payments outcomes. We become experts on your business goals and needs, so we can offer personalized guidance every step of the way — from planning, to execution, to long-term management. 

With a history of driving real results for our partners, our unique implementation was designed to help you effectively maximize the value of your payments business, drive adoption, and achieve sustainable growth. To learn more about what you can expect from a Payrix implementation of Embedded Payments watch our introductory video.

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