White label Payment Gateway: Pros and Cons Medium

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PayPal’s merchant accounts share many properties with a processor, allowing merchants to safely accept and redeem payments to their bank accounts. A payment gateway is a technology used by merchants to accept debit or credit card purchases from customers. The term includes not only the physical card-reading devices found in brick-and-mortar retail stores but also the payment processing portals found in online stores. However, brick-and-mortar payment gateways in recent years have begun accepting phone-based payments using QR codes or Near Field Communication technology. The best online payment gateway solution in UAE and throughout the Middle East for Small & Medium-Sized businesses. PayCaps implemented the latest fraud prevention tools & offer PCI DSS certified payment solution to ensure safe and transparent transactions.

Your clients will have a better opinion of you if you utilize the White Label solution. In addition, a payment gateway does not have to be set up from the beginning of a company’s expansion to save money. Ikajo is processing main card payment types as well as various alternative options and supports over 100 payment methods and more than 150 currencies. 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.

digital banking product

From the moment we signed up until now, we’ve had a pleasant interaction with the team. Also, they helped a lot with setup and onboarding at the initial stages. Manage payment process and all day-to-day operations from a single dashboard. If you are familiar with the eCommerce industry, you may have heard of the headless eCommerce technology that helps businesses stay competitive. It comes with fraud detection, automatic account updates, and eCheck processing.

what is white label payment gateway

The user can integrate multiple wallets into the single crypto payment gateway to make all kinds of crypto payments easier and more effective. White label payment gateway solutions offer businesses of all sizes the opportunity to build an online payment infrastructure quickly and efficiently. Add an extra security layer for card transactions and accept payments with a lower risk of fraud. The 3-D Secure protocol permits the exchange of data between the merchant, card issuer, and customer for extra-reliable transaction validation. Payneteasy is here to facilitate the creation of an efficient and user-friendly payment platform for every business.

What’s white-label payment gateway software?

Once funded, shoppers can use eWallets online to buy goods or services from Merchants using the eWallet system. When processing our clients’ data, we strictly adhere to the data protection principles of the General Data Protection Regulation . We believe that the protection of our clients’ and their end-users’ data is fundamental to our mission — helping build a better internet. We are very thankful, that we got acquainted with a really strong partner, which has a high level of expertise in the fintech field, development, and other IT tools for payouts. If your business requires reseller services, consider the advantages of a white label payment gateway. A white label payment gateway is a personalised form of payment solution that allows businesses to bring their brand into the picture while accepting payments online.

Every reliable white label payment gateway must include cutting-edge technologies to help businesses combat cybercrime, fraud, and other dangers. Implement advanced fraud management tools to enable organizations to preserve profits while lowering fraud-related expenditures and administrative expenses. A white label payment gateway is a solution that allows you to extend payment processing services to your customers under your own name. You can accept and process credit card payments in various currencies.

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. 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 is a White Label Payment Gateway, and How does it Work?

Connect the Banks in EU, UK, CIS, Latin America, Australia and Asia to get access to SEPA, SWIFT worldwide. Open bank accounts and perform wire transfers and direct debits without leaving the platform. We’re with you all the way, supporting you with the integration, quickly solving technical issues, and evaluating and developing your solution. 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. On the merchant, PSP, and payment gateway side, a fraud prevention platform with Ethoca makes additional 3rd parties redundant.

The service is available only to businesses in specific countries like the US, UK, Canada, and Australia. Customers can quickly complete their purchases with a single click. Square also provides a payment dashboard that serves as a central hub for all your payment activities. Non-tech users may find it hard to navigate its APIs and developer tools.

what is white label payment gateway

Customized payment form in a secure environment according to PCI DSS standards for a business to accept payments without severe risks. Multiple features to support e-commerce, m-commerce and alternative payment methods. Regardless of your business type or industry, Payneteasy can provide you with the payment solution that will fit your specific needs. But remember that their services and the system are more fine-tuned to high-risk merchants leaving some of the needs of the low-risk ones unmet. PAYMENTZ Platform preserves that culture by enabling global transactions within a highly secure environment.

Partner with a trusted, global payments leader

They give great support and provide with all necessary information from the first day of work. Thanks to the professional team, we launched very quickly and had our first live transactions in less than three weeks. Design a tailored transaction process for all sub-entities and manage them independently from a single access point. Lulu Nurul Janah is a web hosting expert who strives to create quality content to help businesses grow. She loves spending her spare time accompanied by sitcoms and her little brother. A point-of-sale is the place or platform where you process and execute customer purchases.

  • A payment processor uses that information to charge the customers’ bank or credit card provider.
  • By processing, I accept terms of Akurateco Service and confirm that I have read Akurateco’s Privacy Policy.
  • From the moment we signed up until now, we’ve had a pleasant interaction with the team.
  • 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 .
  • Since there is no outsider included, the cash goes to your crypto wallet that you have full admittance to.

Fraud prevention – White labeling payment solutions can help businesses prevent fraud by using the latest security technologies and protocols. 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. In India, you need to specifically ask the payment gateway providers if they can build a white-label payment gateway for your business needs. Skip the challenging search for such a payment solution by relying on Paytm for Business. In other words, all businesses can choose to accept payments online via a white label payment gateway.

What Is a Payment Gateway and How It Can Benefit Your Business

Consider another option on the list if you want a comprehensive payment solution. Various payment options are available, including recurring payments, invoicing, credit or debit card payments, and contactless payments. We’ve compiled a list of top-ranking payment gateway providers based on their key features, pros and cons, and pricing. Cardstream’s reporting tool helps you to understand and reconcile the activity in your account. We develop and enhance the latest industry features rapidly and support our partners directly.

Customer DNA for fraud prediction

However, with the cost of development and maintenance, such a gateway can become a real financial burden. Simply put, in the white label payment gateway solution, the company uses its own”label” on top of the white label or blank label. 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. Connect multiple payment service providers and methods to minimise the effect of threats your business may face.

This allows you to provide a great customer experience and save money on data security assessments. Using industry-proven fraud prevention tools, you can effectively prevent fraud. 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 payment gateway is a service that authorizes credit card payments for both online and offline businesses.

You should be able to easily integrate the solution on behalf of your customers using a simple API or plug-in. The scoring formulas take into account multiple data points for each financial product and service. 360-degree payments tech solutions that help you at every step of your business.

The implementation of required payment integrations might take time. Getaways also offer virtual terminal capabilities enabling the credit card information to be entered into a web page for submitting a transaction. These getaways include value-added features such as tokenization, reporting, recurring billing, PCI compliance, fraud detection, etc. making the transactions easier. Authorize.net works with a wide variety of processors, POS systems, and prominent card companies, making it easy for merchants to add payment methods. The anonymized digital token system and EMVCo adoption make Apple Pay one of the most secure payment solutions.

When you use a white label solution, you eliminate this burden, as it is the service provider’s responsibility. Also known as a hosted payment gateway, it redirects the customer to the payment service providers page to complete the transaction. This type is ideal for someone just starting an online business since it has a simple setup process and doesn’t require a merchant account. Your users may control and administer the crypto payment gateway from any device, including a phone, iPad, or computer. Your crypto payment gateway will be equipped with multiple payment options to make the transactions smooth and reliable.

With a White Label Solution, you can customize the gateway according to your business. Corefy is PCI DSS-certified and fully compliant with the industry’s most sophisticated standards, such as PSD2 and GDPR. There is no need for a white-label payment gateway if you are fully satisfied with your payment software and do not intend to develop it further. Businesses may use easily accessible technology thanks to links and authorizations across various acquiring banks. Most resellers are satisfied as long as they can put their names on the list of high-grade products.

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