Connections Overview

Preczn uses Connections to indicate which fintech service providers your platform supports. Utilize Connections for each payments processor, payment facilitation provider, and / or lender your Merchants will perform transactions against.

Processor Types

Direct Processors

With direct processors, each merchant establishes their own individual relationship with the processor. Merchants manage their own processing agreements, pricing, and account settings directly with the processor.

Best for: Businesses with existing processor relationships or specific pricing requirements.

Platform Processors

Platform processors (also called payment facilitators or PayFacs) allow you to onboard merchants under your platform's master account. The platform manages the processor relationship, and merchants are sub-accounts.

Best for: Platforms that want to control the merchant onboarding experience and monetize payments.

Lending Processors

Lending processors facilitate loan payment collection and disbursement. They integrate with lending platforms to process loan origination, repayment, and servicing transactions.

Issuing Processors

Issuing processors provide cards and financing to the merchant itself rather than processing the merchant's own sales. Merchants are boarded to the processor, but transactions do not route through the connection.

Service Processors

Service processors provide specialized payment-adjacent services such as loan servicing, fraud detection, or payment orchestration.

Next Steps

• Supported Connections — every connection Preczn supports, what each one can do, and a link to its setup guide
• Connection Configuration — adding a connection to your platform and to your merchants