Running payments at a single merchant? See PaymentsOffice for Merchants →

You manage your software.
We manage your payments.

PaymentsOffice is the team, not the technology — a vendor-agnostic outsourced operating function that runs your payments stack on top of whatever providers you already use. We improve both the structure of your stack — how it's set up and who you partner with — and the day-to-day performance of what flows through it. The expertise of a fully-staffed payments team, without having to build one.

Designed for ISVs outgrowing PayFac-as-a-Service or stuck on referral economics.

Most ISVs leave significant payments margin on the table.

Most ISVs leave 30–100 basis points of payments margin on the table. It comes from two completely different places.

01Structural
10–60bps

of available spread going to your payments provider — not you.

You capture too small a slice of the spread.

Every card transaction carries a baseline cost — money that goes to issuers and card networks, the same for everyone. The margin above that baseline gets divided between you and your payments provider, and how much you capture depends entirely on your operating model. Referral ISVs get 5–15 bps; Registered PayFacs at scale can capture 80–150+ bps. Most ISVs sit somewhere in the middle — the rest going to their payments provider.

02Performance
20–40bps

leaking from portfolio operations, day in and day out.

Your operations bleed margin you should be keeping.

Independent of operating model, every portfolio loses margin to suboptimal authorization rates, fraud losses, interchange downgrades, and dispute outcomes. These are P&L line items captured on existing volume — no business-model change required to fix them.

A double-click on each one.

Toggle below to see what each opportunity actually is, and roughly how much margin you can recover from each.

Every card transaction has two layers of cost. The first (≈1.95% on average) goes to issuers and card networks — money that nobody on your side gets to keep, no matter who's running the payments stack. Above that baseline sits the margin — the part that gets divided between you and your payments provider. How much you capture depends entirely on your operating model. Most ISVs sit somewhere in the middle today; moving up one or two stages typically captures 10–60 bps of additional margin (or significantly more if you go all the way to PayFac, where you hold the registration yourself and capture the full spread).

Refer
White Label
PFaaS
PayFac
Increasing value capture
5–15
bps

Referral residual. Provider does everything.

15–40
bps

Branded experience. Partner runs the engine.

40–80
bps

You run a payments business on PFaaS infrastructure.

80–150+
bps

You're the PayFac of record. Full spread, full responsibility.

Independent of operating model, every portfolio leaks margin to suboptimal operations. The levers below each show what's individually achievable on a problem portfolio. Results vary significantly by industry and merchant mix — high-risk, CNP-heavy, and subscription-recovery portfolios see the largest gains; well-run retail sees less. Combined, you typically realize 20–40 bps in practice — not every lever maxes out simultaneously due to overlap and diminishing returns.

Authorization +10–25 bps

Higher approval rates on existing volume via cross-issuer routing, network tokens, and decline-reason analysis.

Fraud +5–15 bps

Loss reduction and fewer false declines through dynamic rules and case-by-case tuning.

Disputes +5–10 bps

Better evidence packaging and higher representment win rates on chargebacks.

Interchange +5–10 bps

Downgrade reduction and routing to lowest-cost interchange categories.

Failed payments +5–15 bps

Recovery through smarter retries, account-updater coverage, and dunning communications.

Treasury variable

Settlement-cycle and reserve management — direct P&L impact on float and working capital.

How you access both: greater control of your payments stack.

Both opportunities — capturing more of the structural spread and lifting performance on existing volume — get easier as you move right along this spectrum. More control means more levers. But more control also means more risk and more operational burden — which is exactly where PaymentsOffice fits.

Stage 01
Refer
Send leads. Earn a residual. Walk away.
Revenue to you
5–15 bps
Margin
Sacrifice
High
Flex
Low
Risk
None
What you do

Introduce merchants to a payments provider via a referral link or simple integration. Collect a residual on processed volume. No portfolio ownership, no branding.

What the provider does

Everything. Underwriting, settlement, support, the merchant relationship, and all the risk. The provider is the FSP of record.

Examples
Stripe Partner Stripe Connect Standard Clover Worldpay Fiserv Heartland
Stage 02
White Label
Your brand on top. Their engine underneath.
Revenue to you
15–40 bps
Margin
Sacrifice
High
Flex
Low
Risk
None
What you do

Embed payments inside your product with your brand on the checkout, your dashboard, your portfolio reporting. You sit between the merchant and the provider.

What the provider does

Owns underwriting, registration, settlement, risk, dispute decisions, and merchant data. Provider is still FSP of record.

Examples
White Label Payments
Stripe Connect Express Maverick Payroc Global Payments ISV
Stage 03
PFaaS
Real operational involvement. Some risk.
Revenue to you
40–80 bps
Margin
Sacrifice
Medium
Flex
Medium
Risk
Some
What you do

Set merchant pricing. See transaction-level data. Influence underwriting and dispute decisions. Operate as a payments business on PFaaS infrastructure.

What the provider does

Holds the Visa/Mastercard registration. Runs core infrastructure. Handles the bulk of the underwriting work. Compliance backbone (BSA/AML, PCI).

Examples
Plug-and-play PFaaS
Stripe Connect Custom Adyen for Platforms
Configurable PFaaS
Tilled Payrix Finix
Stage 04
PayFac
Hold the registration. Everything sits with you.
Revenue to you
80–150+ bps
Margin
Sacrifice
Low
Flex
Full
Risk
Full
What you do

Become the PayFac of record. Hold Visa/Mastercard registration and the sponsor-bank relationship. Own underwriting, risk, compliance, and ops — capturing the full spread.

What the provider does

There is no provider above you. You stack a sponsor bank, a processor (FIS, Fiserv, TSYS), and network connectivity directly.

Examples
ISVs operating as Registered PayFacs
Toast Square Lightspeed Stax

We help you capture maximum value from your payment operations.

By maturing and managing your payments stack — capturing more margin from existing operations, and lifting performance to capture more on top. As true for ISVs already at PayFac-as-a-Service or Registered PayFac scale as for those still on the journey there.

i.

Underwriting & KYC

Decisioning support, KYB on entities, KYC on principals, OFAC and MATCH screening, ongoing monitoring. The boarding pipeline you'd otherwise have to build.

ii.

Risk & Compliance

Portfolio surveillance, PCI Level 1 support, BSA/AML and OFAC obligations, network-rules monitoring. The compliance line you'd otherwise have to hire.

iii.

Network Registration

Visa and Mastercard registration management, sponsor bank relationships, processor agreements. The payments infrastructure you can't run alone.

iv.

Authorization Optimization

Auth rate improvement across your merchant book. Cross-issuer routing, network token penetration, decline-reason analysis at portfolio scale.

v.

Fraud & Disputes

Loss reduction, false-decline tuning, dispute case prep, representment, chargeback management. The operations the processor used to handle.

vi.

Cost & Treasury

Interchange optimization, rate compression, settlement-cycle and reserves management. Turning spread capture into recurring P&L impact.

Not software. A staffed payments team.

Other payments providers give you APIs, dashboards, and documentation — and ask you to run the team yourself. PaymentsOffice gives you the team. Senior expertise that's normally impossible to hire fractionally, organized in tiers so the daily work gets done and the hard decisions get the right person on them.

Layer 03 · what you see

The Ledger

Everything reported monthly. Built on processor data, validated against external sources, delivered the same way every month. The view your finance team uses to know the payments operation is being run well.

Payments P&L
True cost reconstruction
Effective rate, cost per transaction, reconciled to processor statements.
Performance KPIs
Operating metrics
Auth rate, fraud bps, dispute economics, recovery, settlement — benchmarked to targets monthly.
What's changed & next
Change log + roadmap
Month-over-month variance, what we did, what's planned next.
Layer 02 · strategy + escalation

SME Bench

Senior payments leadership across both pillars of the opportunity, available fractionally — the kind of expertise that's normally impossible to hire part-time. They own the policy and the playbook; analysts execute against it.

Structural
Underwriting & Boarding
LM
Linda Marsh

Fifteen years of underwriting leadership at top-tier US payfacs. Built risk policy and decisioning frameworks that scaled sub-merchant volumes from $50M to $5B. Former Head of Risk at a major fintech sponsor.

Structural
Risk & Compliance
SO
Sarah Okonkwo

Former Chief Compliance Officer at a Tier-1 issuer. Specialty: BSA/AML programs, PCI Level 1 frameworks, and the operating cadence that keeps you out of trouble with regulators and networks.

Structural
Commercial & Sponsor
GV
Greg Volkov

Twenty years across sponsor-bank relationships and processor commercial agreements. Negotiates partnership terms that other ISVs don't even know are on the table.

Performance
Interchange & Pricing
DH
Diane Halverson

Two decades across acquirer and PSP commercial roles, negotiating pricing for some of the largest merchant portfolios in North America. Reads processor master service agreements the way other people read fiction.

Performance
Auth & Recovery
MC
Marcus Chen

Former senior product lead at a Tier-1 issuer, where he built the rules engines that decide who gets approved and who gets declined. Knows what makes an issuing bank say yes.

Performance
Fraud & Disputes
JO
James O'Donnell

Twenty years of dispute operations across travel, retail, and digital goods. Designed representment strategies that took win rates from the mid-twenties into the sixties. Verifi and Ethoca alumnus.

Layer 01 · who runs the daily work

Analyst Delivery

Three tiers of analysts execute the SME playbook day-to-day. Assigned per client, not per capability — they know your portfolio, your merchants, and the patterns that matter for your business.

Tier 3
Lead analyst

Owns your engagement. Leads delivery. Escalates to SMEs on policy questions and edge cases.

Tier 2
Client-aligned

Runs the monthly Ledger cadence and portfolio operations on your merchant book.

Tier 1
Generalist

Queue work, routine reviews, ticket handling, daily checks across the book.

Want to see what this could mean for your business?

The first conversation is a payments diagnostic — thirty minutes, no slides. Tell us where you are and where you'd like to be; we'll come back with what we'd want to look at first.