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AFS

#Acquirer#Payment Service Provider

Arab Financial Services (AFS) was formed in 1984 to provide payment products, services and expertise to banks and merchant groups and deliver customized payment solutions in an increasingly divergent, […]

Payment methods N/A

Market coverage N/A
  • Bahrain
Description

Arab Financial Services (AFS) was formed in 1984 to provide payment products, services and expertise to banks and merchant groups and deliver customized payment solutions in an increasingly divergent, disruptive, and dynamic payment eco-system.

AFS's features

  • 3D Secure
  • Chargeback management
  • Chargebacks
  • Partial Captures
  • Partial Refunds
  • Payin
  • Payout
  • Recurring Transaction
  • Recurring Transactions
  • Refunds

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Note that the payment methods offered by each bank or payment service provider may vary depending on the country and the type of account or service.

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Frequently Asked Questions

What is a Payment Aggregator (#PA)?2023-09-14T14:17:02+02:00

A PA is a company that enables merchants to accept payments through a single account. They aggregate transactions from multiple merchants into a single merchant account and facilitate payouts.

What is a Payment Facilitator (#PayFac)?2023-04-18T18:56:26+02:00

A PayFac is a company that simplifies the payment process for sub-merchants by providing a unified platform. They act as a middleman between the sub-merchant and the acquiring #bank and handle all the necessary compliance and underwriting processes.

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