White-label payment gateways explained

3-D Secure requires customers to complete an additional verification step with the card issuer, which helps prevent unauthorised use of cards and protects Merchants from exposure to fraud. If you have an internet connection, the virtual terminal can be used on any PC, smartphone or tablet device. white label crypto payment gateway Reuse tokenization cardholder data from previous transactions without having to store or secure it. Customization and analytics tools, allowing your merchants to increase their conversion rate on the payment page.

Who will benefit from white label payment gateways?

When organizations https://www.xcritical.com/ integrate a white label payment gateway, they gain a serious advantage over their competitors regarding payment integrations and technologies. All this inevitably leads to your solution looking more attractive from the outset in the eyes of ordinary customers. The right payment gateway partner is one of the keys to the company or brand’s success and growth. Plenty of business owners are allured by the idea of integrating payments into their software or apps.

What are your fees? Do you charge a monthly, per-transaction, or setup fee?

You need a system architect-level experts to design a truly functional solution. It is difficult to find such a specialist and even if the search is successful, there is no guarantee that all the nuances and aspects necessary for smooth operation will be taken into account. By buying a white-label payment gateway you get a proven solution that has already had successful use cases. Moreover, suppliers of such software can also provide you with other support, such as hardware selection and compliance with all regulatory documents in the US, UK, EU and other countries. Getting the same level of experience and expertise through your own efforts will take a lot of time and money. You don’t need to invest resources into development, and you don’t need to worry about maintenance and updates—the provider takes care of these aspects.

• These entities may choose a white label payment solution for its user-friendly interface for customers and contemporary features designed to tackle diverse payment challenges.
• We integrate with 200+ payment processors, 125+ shopping carts and a wide variety of payment devices.
• We can refer you to an acquiring partner of our company if we know the one that would be a good fit.
• Unfortunately, it has only disclosed its rates for Link, one of its three products.
• Sigma can generate in-depth reports and is fully customizable if you can write in the programming language SQL.
• All of our secure and easy integration tools can be fully White Labelled for our Partners.
• You don’t need to invest resources into development, and you don’t need to worry about maintenance and updates—the provider takes care of these aspects.

Let’s look closer at functionality for merchants

However, Payflow charges $25 per month plus 10 cents for every online transaction. Square’s rates also start at 2.9% plus 30 cents for e-commerce transactions, like Stripe — and Square also accepts a wide variety of payments. Square has a host of partners in the Square App Marketplace that may be helpful to you if you use an online builder like Wix or an e-commerce platform like WooCommerce. While WePay and Stripe both have certain advantages, there are other excellent online payment processing solutions to consider. It accepts payments from major credit card companies, mobile wallets, ACH payments and more.

WePay vs. Stripe: Which Is Right for Your Business?

In the event that you act as a payment facilitator and handle transactions through your accounts, your acquiring bank would often want a financial license. Increase your transaction approval rate, prevent fraud, and be in control of the payment flow with our cutting-edge solutions. Before you leave, grab our free whitepaper and discover how switching to a white-label payment gateway can benefit your business. Ensures that stored merchants’ cards are always up to date to avoid unnecessary churn and interrupted payments.

A Beginner’s Guide to White-Label Payment Gateways -2024

In this case, we are talking about a customizable solution that has all the necessary functionality but doesn’t have any brand. Buying such a solution will be much cheaper than developing a payment gateway from scratch. Implementing a white-label payment gateway is much faster than creating your own, and all the necessary functionality eliminates the problem of a lack of expertise in your team. A white-label payment gateway is a fully developed payment gateway solution that businesses can customize to their requirements and rebrand as their own.

Might need a separate processor for in-person options

However, it’s not without challenges, including hefty time commitment, substantial resources, and profound technical expertise. Keep an eye out for the provider’s credibility, the breadth of payment options they support, and their commitment to security. Don’t underestimate the importance of customization options, top-notch technical support, and a transparent pricing structure.

White-Label Payment Gateways: What They Are and How Businesses Can Benefit 💳

In contrast to developing a payment system from scratch, white label payment solution does not incur development or maintenance expenses, saving customers hundreds of thousands of dollars. In addition to cost savings, you also experience peace of mind because the responsibility for keeping the system up and running lies with the provider. The platform doesn’t charge monthly fees, payment card industry, or PCI, compliance fees or minimum transaction fees, and it accepts a wide variety of payment options. In-person options are minimal, but it’s comparable to Stripe for a customizable online payment platform. White-label payment gateways work on the principle that the vendor gives you a ready-made system tailored to your specifications before going live. These are tweaked and proven solutions from reputable and well-established companies that you can re-brand with your brand’s unique attributes, such as logos, colors, and style.

Best POS Systems for Small Businesses

Rule-based fraud-prevention tool that screens for suspicious transaction activity. Upgrade your encrypted payments with our Swipe POS Software, Customer-Present Cloud or your own app. Make our platform an extension of your brand by adding your logo, colors and customizing your URL. A low-level software for direct connection to Visa, Mastercard, and UnionPay networks and gaining VisaNet processor and MSP statuses. Merchant onboarding with one click thanks to a wizard function based on standard project settings and contracts.

They act as intermediaries between businesses and acquirers, streamlining the setup to accept cards without significant complexity. We provide integration, customization, and technical support services as well as help with licensing and certification. Benefit from our assistance for entering new markets and unique 10-year fintech expertise that ensures a turnkey new PSPs or acquirers launch.

Enable online, in-store, self-service and mobile payments—including EMV and contactless payments—all from a single white label payment gateway platform. Although white label systems have many customization options, it is not fully customizable. That is why businesses have limited control over the underlying infrastructure and technology of the white-label payment gateway.

Merchants receiving payouts to Chase business checking account also receive payouts every day, including weekends and holidays. These standards safeguard the sensitive data coursing through each transaction, giving both you and your customers peace of mind. Alongside the fraud and chargeback protection, PaySpace offers a chargeback management tool so if ever the “friendly” chargeback happens, it will be closed in client’s favor.

Customization options include color, font, shapes and brand logos, plus the option to use your business URL instead of Stripe’s so customers aren’t redirected during checkout. A white-label service increases brand recognition and consistency because the customer won’t have to leave the business page to checkout or see multiple brand logos and layouts. This can make your online business appear more streamlined and reliable. Every technology related to financial transactions should comply with certain international and local regulations.

By adopting a white-label payment gateway, businesses gain greater control over their payments infrastructure. This is not just about branding, although the ability to offer a payment solution under your brand name undoubtedly enhances brand consistency and trust. It’s also about tailoring the payment experience to the specific needs and preferences of your customers, as well as aligning it with your business operations and strategy. If you become the payment gateway provider rather than reselling someone else’s, you’ll have several unique opportunities at hand.

The need for this tool is really high, but developing it from scratch is an impossible task for young startups. Fortunately, there is an alternative in the form of buying a white-label payment gateway. In this article, we will explore what a white-label gateway is, who it can be useful for, and how to choose the best solution available on the market.