It wouldn’t be surprising since the product is highly demanded in electronic payment processing. White label payment gateway is a ready-made solution that allows businesses or brands to start https://www.xcritical.com/ processing payments under their own brand using the third-party technical infrastructure. White-label payment recourses have got you covered when it comes to international transactions.
Together, they make it possible for payments to be made easily and securely both online and offline. As part of a complete payment solution, several payment service providers provide both payment white label crypto payment gateway gateway and payment processing services. White label payment gateway solutions offer businesses of all sizes the opportunity to build an online payment infrastructure quickly and efficiently.
What’s included in the White label package?
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.
However, with the cost of development and maintenance, such a gateway can become a real financial burden. In this article, we’ll look into the benefits and explore your best white-label payment gateway software options available now. Providing payment processing services to merchants requires your gateway to comply with a range of standards. For example, it takes time and money to get PCI compliance validation and undergo yearly audits to reaffirm it.
White label payment solutions
Payment gateways provide tools and interfaces that allow merchants to collect credit card transaction information from their customers. Many payment gateways provide APIs that allow websites, point-of-sale devices, business software and even mobile applications to integrate and send transactions directly to the gateway for authorization. They also provide virtual terminal capabilities that enable credit card information to be entered directly into a webpage form that can submit a transaction. With the help of white-label payment gateways, you can instill trust in such users by showcasing your brand’s logo and clearing any doubts customers may have about paying online. Now that the customers know it’s the same merchant they are paying, they tend to feel more confident and reassured. White-label payment gateways help businesses improve their payment experience and reshape the way they conduct online transactions.
These alternatives have various tools and interfaces that allow merchants to collect transaction info in different ways, like through APIs for websites, business software, and mobile apps. Every business owner aims to provide a top-notch shopping experience for the clients. While excellent customer support and the quality of products and services delivered are extremely important, no commercial platform would be successful without decent payment security measures. One of the essential tools to conduct and safeguard the purchases at your store is a payment gateway. In addition to the website, social media pages, apps, and other channels, a customized integrated payment gateway solution also helps improve your brand’s visibility to consumers.
Ready to get started?
Online retailers can only accept customer credit or debit card payments with a payment gateway. Before you leave, grab our free whitepaper and discover how switching to a white-label payment gateway can benefit your business. 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.
For comparison, if you develop a payment gateway on your own, it will take you no less than six months to start operating. 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. A payment gateway needs to be constantly accredited, goes through PCI DSS Compliance, regulatory compliance and a lot more. With White Label Payment Solutions, you get a polished, ready-made product for your brand, which is ready to board your customers. According to a report by Polaris Market Research, the global payment processing solutions market was valued around $74 billion in 2021 and is expected to reach more than $192 billion by 2030.
Private Label Payment Processing
Using a white-label version, they can select the refined product and take advantage of its extended functionality enabling them to get to business without delay. Whether you are a merchant or a reseller shopping around various white-label payment solutions, you need to know your options. The market keeps on growing thanks to the growing popularity of online shopping. And while our opinion might still be slightly bias, we did our best to stay impartial when equipping you with full information. Choosing the right payment gateway is considered one of the keys to the success and development of any company. Many business people are thinking about integrating payments into their software or application.
A white label payment gateway is a solution that allows you to extend payment processing services to your customers under your own name. But a white label gateway takes things one step further by allowing you to offer these same services to your own customers. Online businesses need a 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.
Might need a separate processor for in-person options
Payneteasy is here to facilitate the creation of an efficient and user-friendly payment platform for every business. Our payment gateway will ensure a smooth shopping experience for your customers, minimize fraud risks, and significantly increase the conversion rate. 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.
- It offers easy navigation in any country of the world despite payment channels and the location of customers.
- Yet, the lack of reliable payment partners on international markets often stands in the way of global expansion.
- White labeling allows a business to use its payment methods without investing time and money into designing, testing, and distributing a new payment system from scratch.
- If you have an online eCommerce shop, then you must have it to build brand authority.
- An eCommerce online shop is a gift from digital technology to brick-and-mortar store shopkeepers.
- Make sure to try out the user interface and gain the flow of a white-label payment option before finalizing your decision.