We gave the first cryptocurrency exchange in the CIS region a single place to manage its operations and provide payment services to other businesses. The system can be a real gem for merchants willing to fully automate their payment flow. Besides, they state that the integration of their platform will help the merchants grow their turnover and skyrocket customer loyalty. And they are more tuned to the needs of bigger businesses rather than smaller enterprises. Obviously, there are plenty of advantages to Akurateco’s payment gateway.
- Many or all of the products featured here are from our partners who compensate us.
- Standardized service packages, offered by large third-party payment solution providers, are, usually, capable of satisfying them.
- White-label payment processing offers multiple benefits for ISVs or SaaS companies looking to offer payments as part of their integrated solutions.
- We’ve looked into the market leaders and are now ready to present the best white-label payment gateways you can choose from.
- Updating, upgrading, and innovating are all on the technology vendor.
With a variety of payment processing services, businesses can easily cater to the payment preferences of their customers. Traditional payment gateways, also known as third-party payment processors, offer a payment processing service that is branded under their own name. These services can be used by businesses to accept payments, but the branding and user experience is not customizable. White label payment gateway solutions offer businesses of all sizes the opportunity to build an online payment infrastructure quickly and efficiently.
Customer behavior analysis
Read reviews and testimonials from other clients, and check if the provider offers the specific payment services you need. White label payment gateway providers offer businesses the ability to integrate with third-party services. These services can include customer relationship management systems, accounting software, and other business management tools. Integration with these services can help businesses streamline their operations white label bank by automatically updating their records, reducing manual data entry and potential errors. The third-party, that is, the actual payment solution provider, handles most of the business and technical issues, related to the solution. These issues include integrations, certifications, payment security, fraud prevention, management of chargebacks and refunds, and other white label services, depending on your specific business model.
One of the biggest benefits of partnering with a white-label payment processor is that it gives ISVs the opportunity to create an additional revenue stream by expanding their offerings. Comprehensive Guide to Credit Card Processing Whether you are an offline or online merchant, it is most likely that you deal with credit card processing on a daily basis. While many sellers disregard the complex algorithm that launches after the client clicks the “Pay” button, it is best to know how it works. PCI DSS Certificate & Why Your Business Needs It Right Now PCI DSS is a security standard that was designed to protect credit/debit card transactions.
Create Your Own Payment Gateway
Also, if multiple users share your gateway solution, it can work slowly due to overload. Comparing providers is also important to determine the pricing and fees for their services. Look for providers that offer transparent pricing and no hidden fees.
Payment processing services also ensure that businesses are PCI compliant and adhere to the latest security standards. White label payment gateways work by providing businesses with a customizable payment processing platform that can be integrated with their existing systems. Businesses can integrate the white label payment gateway into their websites, mobile apps, or other platforms in order to accept payments directly from their customers. When a customer makes a payment, the payment gateway securely processes the transaction and sends the funds to the merchant’s account.
Factors to Consider When Selecting a White-Label Payment Processing Partner
A common way to start accepting electronic payments is to operate through a merchant service provider or a PayFac. The most well-known examples include such merchant services dinosaurs as PayPal, Stripe, and Square. If a merchant service provider offers a white label payment solution to its respective customers (say, sub-merchants), it can become a serious image-booster for them. White label payment gateways provide businesses with technical support and maintenance services. This ensures that businesses have access to expert help whenever they need it. With technical support and maintenance services, businesses can quickly resolve any payment processing issues that arise, minimizing downtime and ensuring that payments are processed smoothly.
They can also choose to hide reports that they don’t want their sub-merchants to view. Utilize PayStudio’s powerful technology to launch your own PSP with zero development cost. Creating technology to make the payment process easy and invincible. Full support of solution launching and customization of settings within our white-label package. • Automatically managing the payments flow with a set of pre-configured logics. The traffic routing system significantly increase acceptance rates and conversion.
Can improve brand consistency
It includes professional services that allow you to customize and add any necessary functionalities. Multicurrency support and conversion tools essential for international merchant activity. Payneteasy’s customizable Risk Management technology is designed to increase approval ratios, and eliminate fraud. New players are coming into the space vying for your customer’s attention.