What Is a White Label Payment Gateway?

Customers love to deal with a single company for a variety of products and services, enhancing the value of the brand and making them the more popular option. Increased Visibility of your Brand – This value is more noticeable in organizations that offer various third-party services or products that complement each other. How to Increase E-commerce Revenue Using Payment Orchestration Platform Each online merchant strives to grow business and increase profits. There is no better way to do it than by choosing the right payment solution since it affects the conversion rate and processing costs.

If you need an image booster for your brand, that will also improve your merchants’ experience, it might be the right time for you to implement a white label payment gateway solution. A white label payment gateway is a payment processing service that allows you to create customized products and services. This gives you the ability to brand your platform, offer customized features, and provide a tailored experience for your customers. Payment gateway, a portal where customers can securely enter their payment information to process transactions on their websites. A white label payment gateway solution is easier to implement than a custom payment gateway product developed from scratch. In order for your white label payment gateway project to be a success, you have to follow a strict sequence of steps.

• This way, it can focus on its core services and day-to-day operations.
• There is no doubt that white label payment gateways bring plenty of features to all sorts of businesses.
• Payment gateway, a portal where customers can securely enter their payment information to process transactions on their websites.
• Updating, upgrading, and innovating are all on the technology vendor.
• With Akurateco, this feature will also help you keep track of decline reasons, translate them into user-friendly terms, and analyze them with a cutting-edge built-in analytics engine.
• Payment companies, from startups to large companies, use our software, tools, and services to process and manage their online merchants’ transactions, as well as to protect their businesses.

Businesses like online stores, e-commerce software, gaming platforms, and system providers often use such services. Every company that wants to accept online payments should consider getting them. Just pick the most suitable and reputable partner and get the wanted services. In conclusion, a white-label payment gateway will allow your business to utilize readily available talent and the skills of professional software developers.

Things you should know before opting for a white label payment gateway solution for your business

Customers may use a trusted and secure payment gateway to make their favorite online payment method. An eCommerce online shop is a gift from digital technology to brick-and-mortar store shopkeepers. Due to the internet, small businesses and start-ups are no longer geographically confined. Through eCommerce retailing, even a tiny company owner in a distant corner of the world can now reach a broader audience throughout the globe.

Based in Amsterdam, the company offers fraud prevention, high-end invoicing systems, data analysis, and management tools with white label payment gateways. The payment gateway is customized uniquely to every client’s needs. Started in 2007, Lyra Network in India provides secured transaction routing services and e-payment gateway.

Benefits of a white-label payment gateway

But you have to keep in mind that building your own solution can be more time-consuming as it will take a dedicated amount of time and effort. After all, you are building a customized and unique solution that fits your business infrastructure and requirements. Cascading, at its core, is a distribution of declined transactions between multiple payment channels.

This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. We believe everyone should be able to make financial decisions with confidence.

The red tape behind obtaining the certification is unbelievable. That is why having a team of experts do it for you is a real game-changer. If you’re looking for a white-label payment solution with a PCI DSS certificate that will cover your payment processing, too, Akurateco is your go-to provider. PayPipes offers a technical solution to adapt the payment gateway to the company’s brand and color so that customers can easily navigate regardless of their payment channel or country.

And today, we’ll look into the principle behind white-label payments as well as their key benefits. Additionally, it allows the business to use its brand while providing excellent solutions for end consumers. An organization’s dependence on consumers increases by adding a supplementary solution to existing items that already delighted customers. A payment processor – to process all the payments that go through your system. While the technology is not very complex, it takes more time to set everything up.

Might need a separate processor for in-person options

For more information on white label payment gateway solutions and on UniPay Gateway platform, contact us at unipaygateway.com. With White Label, customers retention improves, and customer confidence boosts when making payments. Not everyone likes to be redirected to a different website for payment; for some, it could evoke feelings of suspicion and dissatisfaction. White label payment gateways help to reassure customers of their security and your brand’s authenticity. You are exposed to opportunities for business growth without being saddled with the stress of embarking on a payment startup.

This is especially useful if you run a business that caters to multiple verticals that complement each other. In the midst of all of this, the prospect of preserving the brand’s identity is frequently overlooked. Because various technical issues are not covered in our video, we are always ready to consult and help businesses in these fields.

What to look for in a white-label software provider?

Gatewayeast offers a robust framework for your business to enter the required changes readily. Moreover, there are expert features such as Global Card Saving and Easy Checkout Options for your business. Hence, we have compiled a list of the top https://xcritical.com/ 5 best White-Label Payment Gateway solutions providers for you. Along the way, we’ll use Akurateco as an example of such software for illustrative purposes. Many or all of the products featured here are from our partners who compensate us.

Though you didn’t produce it yourself, you will still receive a small percentage of the profit when customers use it. Creating a cutting-edge payment gateway that ensures both smooth and fast checkout process is mandatory for any business willing to expand its market presence. However, with the cost of development and maintenance, such a gateway can become a real financial burden. WePay offers a white-label payments integration on top of its standard payments platform. The Clear service helps businesses integrate WePay into their websites and checkouts without redirecting customers.

Being independent from an acquiring bank perspective means that we have solid relationships in the UK merchant banking space and can therefore board any company with a UK merchant account. Being so heavily invested in white labelling means that our platform is engineered with this exact business model in mind. In this article, we’ll look into the benefits and explore your best white-label payment gateway software options available now. Card Stream is a great brand that can help to start your own payment gateway business. Choosing them for your Reseller, ISO, ISV, or PSP business would be great. Well, startup merchants and SME, usually, opt for hosted gateway solutions, almost completely maintained by third parties.

Andrew is the Founder of Akurateco Payments Orchestration Company, established in 2019. With over 15 years of hands-on experience in online payments, Andrew has a solid understanding of how to build a product that helps to increase revenue and save on processing costs. Many white-label payment gateways and payment service providers that offer customization are geared for online businesses. Payment services that offer brick-and-mortar payment processing tend to be less individualized, so businesses might have to compromise or choose a separate option. A white label payment gateway is a solution that allows you to extend payment processing services to your customers under your own name.

Akurateco

So, after comparing both the ways, if you are still stuck on using the customized payment gateway for your business, there is a third option. Outsourcing allows you to keep your expertise and professionalism. You are enjoying benefits like high ROI, the provision of innovative and practical payment solutions, and a strong brand reputation. Technological Benefits – The business can benefit from the newest technological developments, such as ApplePay and AndroidPay.

Top Benefits of Using White Label Payment Gateway Solution

Also, if multiple users share your gateway solution, it can work slowly due to overload. Plus, there is always an option to develop a gateway product from scratch. But that is a different white label payment gateway story, involving really impressive costs and efforts. If you just want to boost your reputation and increase your customer base, a regular brandable third-party gateway might suffice.

What’s white-label payment gateway software?

The payment gateway authorizes the customer’s financial information to finalize the transaction when the money is received. The funds are sent to the payment gateway’s account after the buyer’s bank has confirmed the transaction. In addition to its large suite of features and add-ons, the platform is highly customizable through its sandbox API and developer tools. Though it may take developer experience to take full advantage of the tools, Stripe can be completely branded to match your website.

And in most cases, this results in the purchase of a non-functional solution. As an entrepreneur, you definitely want to keep up with the latest trends. The way money inflows and outflows worked before is no longer the case now. The other company/ business rebrands it and used it as its own. Basically, a white-label solution is a product/ service developed according to the given specifications by the third party to sell to others.

And with it grows the number of white-label software providers. And while our opinion might still be slightly bias, we did our best to stay impartial when equipping you with full information. A pioneer in the payment industry, Ikajo International also offers white-label payment services. The company offers more than 100 payment methods available, powerful security and risk management solutions, and an extensive acquiring network. If you help to build online businesses—particularly ecommerce businesses—for aspiring entrepreneurs, you’ll need a way for your customers to easily process payments. White label casinos and gaming platforms are a popular example; businesses build online gaming platforms and then rent or sell them to entrepreneurs for profit.