White Label Payment Gateway White Label Card Solutions

Ikajo is processing main card payment types as well as various alternative options and supports over 100 payment methods and more than 150 currencies. If you decide to give an open-source payment gateway a shot, you have to identify drawbacks as well. Otherwise, you will not only gain nothing from the open-source code but also waste your finances and efforts in vain on a low-quality payment system.

Drawbacks of a white-label payment gateway

In the worst case, if the code is not divided into classes or methods at all, it may seem so complicated that it will be easier to rewrite it than to modify the existing one. Free Demo with Akurateco’s payment experts and see the cutting-edge software in action. In turn, we will not merely provide you with general information on white-label services but will dive into your business and show you how to use the technologies to meet your particular needs.

Zero price is considered a key benefit of open source payment gateway. More so if compared to developing one from zero which would cost you hundreds of thousands of dollars. However, an open-source payment gateway will require plenty of additional costs we will uncover in a bit. Now that we have covered the main benefits of a white-label payment gateway let’s move on to its drawbacks. Cascading ensures that a transaction that was already declined will be transferred to another payment provider to complete the payment within one attempt for a better customer journey. In addition to its large suite of features and add-ons, the platform is highly customizable through its sandbox API and developer tools.

What Businesses Benefit from a White Label Payment Gateway?

Furthermore, various fraud solutions provided by white label partners frequently employ machine learning algorithms, which improves fraud detection while ensuring a seamless payment experience. While time is the most valuable asset for a business, developing your own payment gateway would necessitate both capital and significant time investment. Furthermore, after the initial development phase, it must be constantly updated in order to maintain a technological edge in the payments market. Working with a White Label Payment Gateway Solution provider saves you time in all of the above areas. A Good White-Label Payment Solution helps in maintaining high ROI, strong brand reputation, providing your customers with the most innovative and efficient payment solutions, and much more. As alluded to before, building your own gateway from scratch requires a large investment, and even then, there is a possibility that the end product is not fully functional or is already outdated.

We have developed as the world’s first API driven Unified Payment Experience Platform. By claiming the gateway as your own and exploiting it, you are placing your own identity and reputation in jeopardy. While you get the credit for a solid state-of-the-art payment platform, you don’t have to invest in its development.

Your Business Gets a Seamless Transaction

Though it may take developer experience to take full advantage of the tools, Stripe can be completely branded to match your website. We are constantly working to bring new features and payment methods to our platform, aiming to become the most connected technical provider in the world. All upgrades are instantly available for you and your clients to benefit from.

It allows you to focus on building relationships with your clients. Every business owner can choose from custom premade themes that can help narrow down the time spent making a hosted payment page. This page will match your e-commerce store style and overall website aesthetics. We work with everything from Wix to Square, Shopify, and WooCommerce. Our job is to make things easier for you, and our platform offers several key benefits that every business owner can take into account.

All data we process is securely stored on our servers, located in carefully watched over and protected data centers. Depending on the integration type you’ve agreed on, you might experience issues related to sharing servers resulting in downtimes of the system. Your brand will be included on all merchant statements and API documentation. Cloudflare helps us mitigate DDoS attacks of all forms and sizes and enhances the security of our platform. All materials on payspacemagazine.com are for informational purposes only. PaySpace Magazine cannot accept responsibility for any loss or inconvenience caused by reliance on any material contained in this site.

As we’ve mentioned, there’s a variety of white labels on the market. Competition drives innovation, so payment service providers equip their offerings with a range of supporting features and enhanced capabilities. When choosing a partner for the white label payment gateway, a business owner must realize that not all of them are created equally well.

  • You are exposed to opportunities for business growth without being saddled with the stress of embarking on a payment startup.
  • Payment solutions A unified interface allowing the way of accepting payments to be centralised, standardised, and streamlined.
  • No need to handle the issues, related to payment security, integrations, certifications, and maintenance.
  • Andrew is the Founder of Akurateco Payments Orchestration Company, established in 2019.
  • If you are running an e-commerce website builder, for example, a traditional payment gateway enables you to collect payment online from anyone who utilizes your platform to develop and host a company website.
  • While you, as the business owner, are focused on improving your business, you will be benefiting from the available technological innovation provided by payment gateways.

For specific pricing details and to see a demonstration of the UniPay payment processing platform, contact us now. We’re ready to help you get to the next level with our products and services. Ensure that the provider allows you to market their services under your own name. If they extend their services white label payment gateway to your customers but they require you to retain their name and branding, they’re not a true white label gateway. Making use of a white-label payment gateway will ensure that your brand is visible across several platforms. It will also create awareness for your brand across several online platforms.

Why You Need to Partner with Bankful for White Label Payment Gateways

Several white-label payment gateways allow you to offer clients the option of using a credit card with your company brand name. White label payment gateway solutions may provide an extra layer of security by integrating with external Fraud systems. Create your own payment gateway and offer affordable, simple, and transparent payment processing to your clients. All you need to start offering reliable payment services to your merchants is an advanced technology that seamlessly integrates with your front-end software. A white label payment gateway is a payment platform that allows a client or brand to process payments using its name even if the payment is processed by a third party. The most important reason for using such a payment gateway is customer retention and improvement of confidence in the services offered.

Drawbacks of a white-label payment gateway

Besides, different fraud solutions offered by white label partners often employ machine learning algorithms, which makes fraud detection more efficient, while ensuring a seamless payment experience. Time is the most valuable thing for a business, but building your own payment gateway would require both capital and substantial time investment. Moreover, after the initial building phase you still need to constantly keep it updated to maintain the technological edge in the payments market.

What are OTP Messages: A Complete Guide to One Time Password

A white label payment gateway allows businesses to accept online payments under their branding and allows them to put their logo on the site. When you add your company’s logo and change the payment process with the help of a white label payment gateway, your brand will be easy to spot. Altogether, a white label payment service provider is an out-of-the-box solution that allows you to earn money by providing payment services to merchants under your brand. Unlike other white-label payment gateways offered by competitors, we give our clients a chance to completely customize their checkout process. One of the main downsides of receiving something already coded is that you don’t have full control. Companies like Bankful, which provide white-label payment gateway solutions, are equipped to supply cutting-edge innovations in payment processing technology.

White label payment gateway will assist in making customers loyal and confident in the services. Plenty of people feel suspicious or simply unsatisfied when the payment procedure transfers them to a different website. With the technology in question, a business owner will add own logo to the service. In addition, White Label Companies offer advanced anti-fraud strategies and tools with a set of parameters. Users can refine them based on their needs, which will help them better understand the cardholder’s behavior. Furthermore, White Label Solutions can be integrated with third-party Fraud and KYC solutions to enhance protection.

Brand a payment page

The next crucial step is to look through a list of banks and payment providers integrated into the system to decide which ones to use, depending on your clients’ geography and payment preferences. Additionally, you can ask the provider to integrate the necessary connectors that are not in the system at your request. In other words, a company may put its logo and data on customized solutions while the primary brand of the manufacturer disappears. From this point on, the product becomes the company’s property; it can be used to build a brand and work with customers. Choosing the right payment gateway partner can be the key to your brand’s success, so try to approach the choice of white-label solutions as carefully as possible.

Might need a separate processor for in-person options

To put it simply, a company puts its logo on the customized solution. To be able to process transactions, each payment gateway provider is required to achieve Payment Card Industry Data Security Standards certification. Additionally, as an open-source code user, the main challenge you will face is that you will go through the certification process with an open-source code payment gateway that you are unfamiliar with. But is it possible to stick to the same gateway solution throughout the whole evolution of your business? Flexibility and robustness are the fundamental principles of Paymentech industry.

You just take the readymade white label solution, put your logo and brand name on it, configure it, and become the gateway provider for your customers . If you are the owner of a small eCommerce website, you probably don’t need white-label merchant processing services. But, if your business belongs to SaaS platforms, Payment Facilitators, ISOs, ISVs, Equity groups, or Investments Companies – a white label payment gateway might be the right solution for you. If you like how a particular payment gateway operates but you believe you can market it more effectively, you can build your own website and promote the gateway under your own name and branding. The white label provider will still earn the bulk of the profit, but you’ll gain a small commission for something you technically had no part in building.

Find Value In Your Business by using White Label Payment Gateways.

The benefits outweigh all of the drawbacks of this program, which is why so many new businesses are opting for white-label payment gateways. Here are some other benefits you will notice after partnering with Bankful. When you choose to work with Bankful, you will get the best white-label payment gateway that will streamline the checkout process for all of your customers. White Label Cryptocurrency Payment Gateway companies, such as COINQVEST, have the skills and capability to provide the most cutting-edge creative technologies to help ease online crypto payments. By working with them, you can reap all of these benefits of a dedicated crypto payment solution and integrate the solution as your own, all while you are hard at work on your product or service.

But, if you start using a white-label payment gateway, it is already fully compatible with PCI data security standards, and it will be updated according to the latest requirements by the gateway provider team. If your business requires reseller services, consider the advantages of a white label payment gateway. However, if your product or service doesn’t necessitate secondhand payment processing, you’re usually better off with a traditional payment gateway https://xcritical.com/ like the type provided by Unicorn Payment. This benefit is particularly noticeable in organizations that offer several supplementary third-party services or products. Think of an independent sales organization that resells merchant accounts from banks, card terminals, and E-Commerce platforms, for example. Using a white label payment gateway or branded payment gateway is an approach to improve brand recognition and presence across numerous channels.

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