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.

Service Processors

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

Supported Connections

Connection capabilities span payment acceptance, lending, merchant boarding & data import, and token migration. A connection may appear in more than one table.

Payment Acceptance

Connections Preczn routes live transactions through, by supported method.

¹ PayPal transacts against the payment methods stored in the payer's PayPal wallet.

Lending

Merchant Boarding & Data Import

Merchant Boarding — Preczn onboards new merchants to the connection through its application flow.
Data Import — Preczn ingests a merchant's existing records and/or historical transactions from the connection.

Token Migration

Connections Preczn can re-tokenize stored payment credentials to/from during a processor migration.