FinTech7 White-Label Payment Gateway Platforms to Watch in 2023

avril 9, 2022by adminwanekoo0

As each PSP differs in their requirements, professional white-label payment gateway providers are ready to finalize the system according to your needs. For instance, if you need to meet the requirements of a local regulator or a particular payment connector, the provider will fine-tune the system according to their specifications. Many (but not all) present-day payment gateways do include payment terminal solutions. The best SaaS payment gateway for your company is the one that supports a terminal solution of some sort.

What is a white label payment gateway

White-label payment gateway is out-of-the-box branded payment software with the latest technologies and multiple integrated payment providers. You can rent it from a vendor on a subscription basis and use it as your own software. Simply put, a white-label payment gateway is a way to become a full-fledged Payment Service Provider (PSP) without investing time and money in developing your solution. Before we truly grasp the meaning of this term, let’s quickly recall what a payment gateway itself is. A payment gateway is a technical layer between a merchant and a customer that operates after the customer confirms a purchase on a merchant’s website or application. The gateway’s job is to encrypt their payment data and send them to the issuing bank, card network, and acquiring bank to confirm or decline payment and notify a customer about the result of his transaction.

Global Support

In order to create your own payment gateway, you might choose one of several strategies. You can create your own payment gateway from scratch or partner with a white label payment gateway provider. White label payment gateway cost is lower than the cost of custom payment solutions. A gateway built from scratch involves higher costs, but provides unlimited control over the process. A white label payment gateway is a mechanism that allows the brand or business owner to process payments easily through their official name using third-party services. It means, by adding your business logo to the customized payment solution, you can show your business identity and bring confidence among customers.

What is a white label payment gateway

Due to the complexity and cost, Payment Card Industry Data Security Standards certification achievement is a stumbling block for many PSPs. But, with a white-label payment gateway, your software will be PCI DSS compliant with a certification that will be renewed annually by the software vendor. In this way, your customers’ sensitive data will be protected, and your PSP will adhere to security regulations. 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. Partnering with White Label Payment Solution provider saves you time on all aforementioned aspects.

What are the benefits of using a white label payment gateway?

In-person options are minimal, but it’s comparable to Stripe for a customizable online payment platform. The best SaaS payment gateway might be a solution that can evolve together with the company’s needs. For example, UniPay Gateway is a white label payment gateway solution, available in both hosted and licensable open source code versions.

EComCharge offers a single integration with all gates, 50+ banks, and alternative payment systems. Making use of a reliable payment gateway is the best idea for businesses to save time, effort and resources. Businesses should be aware that such a set-up requires regular monitoring and constant upgrades to make the payment process hassle-free. Get the optimal payment setup for your industry to ensure better payment experience for you customers and win over competitors. We gave the first cryptocurrency exchange in the CIS region a single place to manage its operations and provide payment services to other businesses. However, a white-label payment gateway might be handy when a company wants to avoid creating its payment methods from the ground up.

Perks of White Label Payment Gateways

As a result, businesses can start accepting payments through their white label payment gateway solution in a matter of days, rather than weeks or months. Integrating white-label payment gateways into existing systems can be as easy as pie, thanks to their customizable APIs and plug-and-play capabilities. According to Forbes Magazine, Stripe is valued at $115 billion in “secondary market” transactions. With Stripe’s API, merchants can customize the checkout experience to match their brand, and developers can easily add payment processing capabilities to their existing software.

  • This demonstrates the legitimacy of the checkout, assuring the shopper and fostering loyalty.
  • You may benefit from the original payment gateway by using a white-label payment gateway.
  • With Stripe’s API, merchants can customize the checkout experience to match their brand, and developers can easily add payment processing capabilities to their existing software.
  • White labeling is the practice of rebranding a product or service under the name of another firm.
  • A payment gateway’s accreditation, system upgrade, code test, and update are all critical.
  • Integrating a payment gateway into the existing brand’s website or application can be difficult, time-consuming, and expensive.

It’s a win-win situation that allows businesses to hit the ground running with a payment gateway that fits like a glove. A white label payment gateway is a payment processing solution that allows businesses to accept payments under their own branding and label, rather than using a third-party payment processor’s branding. White label payment gateways are provided by specialized payment gateway providers who offer a fully integrated, customizable solution that can be tailored white label crypto payment gateway to the specific needs of businesses. White label payment gateway providers offer payment processing services that allow businesses to process credit card payments quickly and efficiently. These services enable businesses to accept payments from various credit card companies, such as Visa, Mastercard, and American Express, and in different currencies. Payment processing services also ensure that businesses are PCI compliant and adhere to the latest security standards.

PCI Compliance​

While still allowing the company to use its name, a white-label payment gateway can offer fantastic solutions for the end users and aid in maintaining a high ROI. However, one thing that most companies often overlook is their payment gateways. While their websites and apps are in line with the brand’s overall theme, their payment portal page looks exactly like their competitors. Maintaining your brand identity should be a proactive process followed from first contact to final payment. In the era where digital payments have seamlessly integrated into our daily lives, operating a credit card processing business can be extremely profitable.

Skip the challenging search for such a payment solution by relying on Paytm for Business. A white-label payment technology allows businesses to offer payment refinement assistance under their own brand. The gateway know-how handles the transaction’s payment action and security aspects, while the business retains control over the user interface and customer experience. When a customer makes funding, the payment gateway securely processes the transaction and transfers the funds to the business’s merchant account. The recompense gateway vendor also offers various traits, such as fraud detection and risk management tools, to ensure secure and smooth transactions.

How Will a White-Label Payment Gateway Benefit Your Business?

This feature is particularly useful for businesses that want to offer their customers a convenient and secure way to pay for goods and services. With digital wallets and mobile payments, customers can easily make payments using their mobile devices, improving the overall payment experience. White-label payment gateways offer more flexibility and control to businesses than conservative expense explanations.

This will guarantee that you have access to help whenever you need it and can address any issues swiftly. Select a white-label charging variant that emphasizes security and implements industry-standard encryption while adhering to relevant compliance requirements like PCI-DSS. Additionally, the gateway should provide extra security markers such as fraud detection and risk management tools. Basically, analyze your processing needs and choose a provider with all the features covering them. Above, we’ve covered the basic functionality of a universal white-label solution.

What Is A White Label Payment Gateway?

With white label solutions, businesses can customize the checkout page with their own branding so that customers will see the company’s name as they complete their purchases. This ensures that the customer knows they are paying via a trusted source while helping to build your brand loyalty. In most cases, payment gateway providers will customise their payment solution to make it suit your business. You can choose to go ahead with it based on the time they say it would take to turn it into a white-label payment gateway. While there is nothing wrong with having the details of the payment gateway provider on the payments page, you can further customize it to reflect your brand’s identity with a white label payment gateway.

Businesses that offer multiple third-party services or products that complement each other can benefit greatly from using a white-label repayment solution. When it comes to choosing the right payment gateway partner, there are several factors that businesses need to consider. While there are many providers offering white label payment gateway solutions, not all of them are equal in terms of quality, experience, and technical support. They provide businesses with PCI-compliant payment processing services, ensuring that customer payment data is protected at all times. With the increasing risk of cyber attacks and data breaches, this feature is essential for businesses that want to protect their customers’ payment data and maintain their trust.

With such security measures, businesses and their customers can transact with peace of mind. A brand example of a white-label payment option that provides high-level security is PayPal. Another benefit of white label payment gateways is that they can be integrated quickly and easily with existing systems. This is because white label payment gateways are designed to be flexible and adaptable, allowing them to work with a variety of payment processing services, payment platforms, and software.

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