- Best Credit Card Readers for Small Businesses
- Branded solution for any purpose
- How does a payment gateway work in the eCommerce business?
- What Is a White-Label Payment Processor?
- Branded payment system
- Benefits of Opting for White-Label Payment Gateway Solutions
- What Are the Benefits of Using a White Label Payment Gateway?
- What is a White Label Payment Gateway, and How does it Work?
This payment gateway offers some of the very beneficial features that are not provided by the ordinary payment gateways. Quadrapay helps you to get a gateway so that you can take control over your customer experience and gives you an additional opportunity to promote your brand name. Besides, merchants can use different transaction types depending on the business’s needs. For instance, Ikajo offers payment transaction & cancellation, payouts , recurring payments & subscriptions. The latter manages all transactions automatically once the customers set time intervals and agree to the fee structure. Reliable white-label payment solutions like Akurateco come with built-in risk management functionality.
There is no doubt that white label payment gateways bring plenty of features to all sorts of businesses. It helps companies stand out from the rest and bring simple payment methods to their customers. Offering such services is another opportunity to promote a brand, increase its recognition, and have better control over the customer’s experience. Integrating banks, processors, online payment portals, and payment service providers to offer a competitive selection of payment methods, currencies, and tools to customers. This is the best option if you want to process payments under your own brand with a custom solution while saving on payment transaction fees.
However, before we start, allow me to provide you with a quick rundown. An active digital marketer specializes in search engine marketing and social media networks. With more than 10 years of practical experience in managing small to large organizations, he provides consultancy on managing both sales and marketing departments. I write unique, well-researched, educative and entertaining articles and blog posts to meet specific needs. I deliver articles on time, and I am diligent, dedicated, and focused on generating amazing results. Cloudflare helps us mitigate DDoS attacks of all forms and sizes and enhances the security of our platform.
Best Credit Card Readers for Small Businesses
At its core, it’s a feature that aims to detect and prevent potentially fraudulent transactions. Thus, Akurateco utilizes three anti-fraud modules to achieve that goal. This functionality is most useful to high-risk payment service providers as well as those willing to improve their credit reputation. 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.
Payment gateway, a portal where customers can securely enter their payment information to process transactions on their websites. Many payment processors now have white-label checkout tools or open software for developers to fully customize the checkout process, and some companies make products solely for white-label use. Started in 2007, Lyra Network in India provides secured transaction routing services and e-payment gateway. The Payment gateway solution ensures various payment methods like wallet payments, multi-card payments, split payments, payments via e-mail, SMS, and so on. The company also offers its SIM solution services through multi-brand POS terminal offerings such as GPRS, IP, and 2G / 3G / 4G networks.
See to it that your partner is compliant with PCI DSS as well as other applicable regulations within the industries and countries you want to work with. A white label payment gateway is a payment gateway system that lets a business owner or a brand to process payments using their official name while using third-party services. To put it simply, a company puts its logo on the customized solution. Most white label payment gateways are difficult to customise. So even though you’re technically in control, you may have few options in terms of how the checkout experience looks and functions.
With White-Label Payment Solutions, you get a polished, ready-made product for your brand, which is ready to board your customers. Corefy is a universal feature-rich payment orchestration platform for online businesses and payment institutions. We integrate payment providers and acquirers all around the world to bring a unified communication, control, and management interface. Development, licensing, compliance, equipment, and many more account for a considerable share of the expenses you’ll have to bear when building a payment product. White label payment provider is all yours for a reasonable price and with minimal risks. We’d love to meet you and showcase how you can use our platform for your benefit.
Branded solution for any purpose
They have direct integrations and accreditations with numerous acquiring banks, as well as payment methods. You avail all these benefits by partnering with them and can market the solution as your own. If you’re helping prospective entrepreneurs develop online enterprises, particularly eCommerce businesses, The white label payment solution will be beneficial for your customers to accept payment. Companies that build online gaming platforms and rent them out or sell them off to entrepreneurs for a profit benefit, too, like gaming websites and a white label casino. Consequently, customers can accept credit card payments on the websites they constructed if you enable them through a white label gateway.
In addition, there may be customers who are wary of paying with their credit card information because of concerns about their data security. Just ask yourself, when you want to purchase from an eCommerce shop, however you discover that their payment process is not a well-known brand, will you proceed? Of course not, and this is exactly what is going to happen to your client as well if you do not have a branded payment processing system. However, before realizing your eCommerce ambitions, you must first overcome a significant challenge. Customers may use a trusted and secure payment gateway to make their favorite online payment method.
How does a payment gateway work in the eCommerce business?
If your business depends on customers selling your product on your behalf, a white label payment gateway can enable you to set up each customer with their own store. It enables online payment processing by offering tools and interfaces to collect card information from customers. 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.
- Payment orchestration platform Corefy also offers such a solution.
- These can greatly improve customer satisfaction and help you serve a larger customer base.
- Having a branded payment gateway is one approach to improve your brand’s visibility and exposure.
- All data we process is securely stored on our servers, located in carefully watched over and protected data centers.
- White label is a business model that implies purchasing an unbranded solution from a provider who created it, customising it to your brand, and selling it as your product.
- They have direct integrations and accreditations with numerous acquiring banks, as well as payment methods.
- 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.
To stay competitive today, you have to expand your offering with both global and local options, as well as with value-added services catering to merchants’ needs. Your desire to have your own gateway and offer affordable, simple, and transparent payment processing to your clients under your brand is quite understandable. All you need to start offering reliable payment services to your merchants is an advanced technology that seamlessly integrates with your front-end software. From simple payment acceptance software developers to market professionals whose products and services are used all over the world. 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.
What Is a White-Label Payment Processor?
The best way to ensure the foundation of your financial operations is to maintain proper financial records by tracking every payment. Now that you understand what to look for in a white-label payment https://xcritical.com/ software provider, let’s explore your best provider options in 2021. The feature allows you to create a specific route for each transaction ensuring the highest possible transaction approval ratio.
You should be able to easily integrate the solution on behalf of your customers using a simple API or plug-in. By using the gateway as your own, you’re putting your name and reputation at stake. If you don’t need white label services, the gateway may be needlessly cost-prohibitive. Any issues with the payment gateway aren’t solely the fault of the business.
Branded payment system
If your business functions as a Value Added Reseller , Independent Software Vendor , Independent Sales Organisation , or other type of reseller, a white label solution might be right for you. Businesses may use easily accessible technology thanks to links and authorizations across a variety of acquiring banks. Most resellers are satisfied as long as they can put their names on the list of high-grade products. This advantage is undeniable in businesses that provide a wide variety of supplementary services and goods from third parties. Before now, using a payment gateway in your eCommerce store was a laborious process. It is because so many hours of paperwork, verification, and technological knowledge went into this project.
Benefits of Opting for White-Label Payment Gateway Solutions
With a white label provider, all the technical aspects are taken care of for you to start managing your payment business, building relationships with customers, and earning money right away. Payment orchestration platform Corefy also offers such a solution. We named it a White label payment provider, highlighting that it allows you not just to process payments but to enter the payment market as a service vendor. You become more competitive in your business niche by offering payment processing services to your customers under your own brand.
By doing thorough research, you can minimise such risks and find a genuinely reliable payment partner. This process includes planning, analysing, designing, and coding and requires a lot of time and money. One of the crucial products you would have to develop is a payment page, as it is an essential customer-facing element of your system.
Such a payment gateway prevents fraud and bans suspicious activities. 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. The Apollo Payment System can process payments instantly and uses an unhackable distributed ledger. Ensure that the basic infrastructure is already built; this includes design, functionality, and security.
With white labeling, an ISV can rest easy knowing that these aspects are already taken care of by their payment partner. As far as end customers are concerned, they will perceive the payment service as being offered by the ISV that rebranded it. There won’t be anything to suggest that a third party is involved in the payment process. The company provides a strong anti-fraud system integrated into its payment gateway. That makes its clients’ businesses fully protected from scammers and fraudsters. Let’s get to know more about a white label payment gateway, peculiarities, and how to pick the best partner.
Lyra Network aims at offering innovative payment management tools and a highly secured environment to provide the best. This website focuses on delivering white-label payment platforms to different types of companies. Based in Amsterdam, the company offers fraud prevention, high-end invoicing systems, data analysis, and management tools with white label payment gateways.
With the technology in question, a business owner will add own logo to the service. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial What is White Label Payment Gateway products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly.