As a result, they are looking for more flexible white label credit card processing offerings and gateway solutions. 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.

You’d love to start your own payment gateway from scratch, but cannot afford it because of high cost. If your customers would benefit from receiving payment processing capabilities as part of your service, a white label gateway might be for you. A payment gateway has to constantly go through accreditation, PCI DSS compliance, mandates, server maintenance, code testing, upgrading and updating processes and systems. The end solution is a ready-to-market product which is already polished for you to brand and market without having the growing pains and headaches. A Good White-Label Payment Solution helps in maintaining high ROI, strong brand reputation, providing your customers with the most innovative and efficient payment solutions, and much more. As alluded to before, building your own gateway from scratch requires a large investment, and even then, there is a possibility that the end product is not fully functional or is already outdated.

Is it possible to create a personal payment gateway?

Compliance with top-of-the-industry security standards is both money and time-consuming. 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.

Types of merchants that the payment gateway allows – Ideally, there shouldn’t be a bar on the type of merchants that you as a company can work with. Your direct payment gateway must provide you with the freedom to work with the merchants that you want to be in business with and provide services in the verticals of your niche. It should conform to the needs of being both a payment processing gateway and a merchant gateway. Cost and Time Efficient – As discussed, a product or service being white labelled by your business would be ready for quick deployment. Moreover, it is an aid for reducing your core offering’s time to market, preferably, more than your competition. Having certain services to offer your customers would also be a necessity to sustain your business and going for a white label solution is actually more cost efficient compared to developing it in-house.

The practice is based on the age-old concept of “trust the experts” – more so, the concept incorporated in an assembly line. The aim or purpose of this practice is to conserve the resources in research and development of various diversified but necessary components, focusing on the niche that your business is an ‘expert’ in. Hopefully your customers are happy with your existing service and products.

What Are the Drawbacks of Using a White Label Payment Gateway?

Thus, you will simplify development cycle and lower maintenance costs. An open-source-code white label gateway product is the right white label payment gateway solution. In spite of high transaction volumes, the third-party provider does not want to negotiate lower gateway fees with you.

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.

Adding a complimentary solution to your suite of products will increase your customer’s dependence on you, making them less likely to move away. Adding value under one roof is becoming more popular as more clients enjoy one point of contact for several services. Products can easily be rebranded or marketed – Payment gateways must be accredited, upgraded, code tested, and updated regularly. As a result, choosing ready-to-market products that have already been polished is a simple alternative for quickly branding and marketing products.

What Is a White Label Payment Gateway?

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. 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.

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. Increase your reach by adding processor connections, as well as Alternative Payment Methods. Decrease your time to market by relying on PayPipes as your technical partner to build additional connections within weeks. PayPipes makes it easy to connect and maintain integrations to gateways and payment APIs.

• An acquiring bank – the one to authorize you to provide payment gateway services.
• Card Stream is a great brand that can help to start your own payment gateway business.
• We’re ready to help you get to the next level with our products and services.
• PCI compliance essentially aids in preventing security data breaches since PCI standards are formulated considering the importance of privacy for a business.
• I deliver articles on time, and I am diligent, dedicated, and focused on generating amazing results.

In this way, financial professionals can use the payment gateway system to serve customers who open Bank accounts and business accounts to process business transactions. So, you get an image booster and get additional revenue as a merchant service provider. After implementing a white label gateway, you can become the “best merchant services provider” for your respective customers. A white label payment gateway is a solution allowing you to process digital payments under your own brand. It is a kind of an intermediate option between an ordinary third-party gateway and a custom solution developed from scratch. No need to handle the issues, related to payment security, integrations, certifications, and maintenance.

Why opt for White-Label Payment Solutions?

If you are interested in developing your own payment gateway, you are looking at investing a lot of money and time, with no guarantee of the final product’s ROI. When you are using a third party solution and white label it, you’re retrospectively paying developers to create a product for you business. And of course, paying for white labelling is a whole lot cheaper than paying developers to build a payment gateway from scratch. White-Label Companies also provide advanced anti-fraud strategies and tools with a set of parameters.

Choosing the right payment gateway partner can be the key to your brand’s success, so try to approach the choice of white-label solutions as carefully as possible. How would you like to get instant access to hundreds of connectors to banks and payment methods with a single integration? Simply choose a white-label payment provider with an extensive integrations list – and in an instant, you have access to a variety of connectors.

Ideally, you should be able to customise your logo, checkout page, URL, colours, fonts, and other embellishments so that everything remains consistent with your brand. The white label architecture is built to support your business wherever you are. We are integrated with a vast number of global exchanges, expanding your reach and access.

Is using a white label solution appropriate for my business?

Choosing them for your Reseller, ISO, ISV, or PSP business would be great. 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.

Realizing the importance of data analytics is an absolute necessity in the information age. Cost-effective and flexibility – A payment gateway is a necessity for a company operating in any form of e-commerce. Given the compulsory nature of the service of gateway payments, it is always better to make it as cost-effective as possible. White labelling the payment gateway effectively allows for the best possible solution https://xcritical.com/ at the best possible price which would be very difficult to achieve with a ‘hit and trial’ method of in-house development. Furthermore, a white-label service provider would provide you with the flexibility of customization that will be absent in regular gateways. Client-centric approach – It is really important to understand that working with a white label provider is running a marathon and not a sprint.

White-Label Payment Gateway: More Pros and Less Cons

If you’ve ever been asked to sign up for a credit card at your favourite department store, you’ve seen this process first-hand. 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. 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.

Better relationships with merchants and acquirers – If your platform acts as a link between merchants and customers, a direct payment gateway will also serve the purpose of being a merchant gateway. It allows them to track their payments and be reassured of loss prevention that could arise due to fraud. A white label payment gateway is a payment processing service that allows you to create customized products and services.

Brand recognition – Every time a customer completes their transaction with ease or notices a regularly updated payment interface that caters to them, it is going to add to the brand value of your business. A trusted vendor is supposed to incorporate innovative technology in its payment gateway systems. This shows that not only does your business stay relevant in terms of upgrading itself but also, it deeply cares for its customers. Also, a white label payment gateway, in particular, works under your company’s name in contrast to a general gateway system. 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. In conclusion, a white-label payment gateway will allow your business to utilize readily available talent and the skills of professional software developers.

A New Payment Platform: Build vs Buy

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. The payment gateway is customized uniquely to every client’s needs. An experienced white label payment gateway provider will also establish a good relationship with acquirers, which are essentially banks that process the said payments. This association can be a highly tedious task if managed by your company on its own.

However, as the product bears your company’s logo, in the eyes of your merchants, you are the provider of gateway services. All industries and businesses can benefit from a white label payment gateway. You will want to look for not only a team of experts, but also an agency of agile professionals that can fit in with your culture. As a service provider, they will have full access to sensitive customers’​ personal information. And for that purpose, a company you are choosing to work with should be compliant with the standards set for while label companies. You definitely know first-hand that customers are very picky and demanding.