Payment aggregation and contract pitfalls with Edward Marshall and Theresa Kananen

Payment aggregation models come with complex legal and contractual implications that many vertical SaaS platforms overlook. 

For those platforms who are evaluating a payments provider, it's critical to avoid costly compliance missteps and ensure long-term flexibility as your business scales.

Payments attorneys Edward Marshall and Theresa Kananen joined host Joshua Silver, Founder and CEO of Rainforest to clarify payment models, explain compliance obligations, and share strategies for navigating provider contracts. 

They discussed:

• What payment aggregations really means (PayFac, merchant of record, marketplace)

• Why merchant of record status doesn't eliminate compliance responsibilities 

• How the flow of funds differentiates payment models and why it matters legally

• Exactly what to look out for when switching providers and navigating exclusivity causes

• Why evaluating a payments provider’s reputation and contractual flexibility matters

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