White Label Payment Solution for Your Business

Adding a surcharge to credit card transactions has been commonplace for more than a decade; the practice was legalized across most states (wit… Cascading, at its core, is a distribution of declined transactions between multiple payment channels. With Akurateco, this feature will also help you keep track of decline reasons, translate them into user-friendly terms, and analyze them with a cutting-edge built-in analytics engine.

  • Ensure it includes monitoring and providing a visual representation of all critical data.
  • Although the list might look scary, sometimes all these relationships can be established through one large provider, especially if you are operating in the US.
  • Every client gets access to a dedicated development team for continual platform improvement, meaning that by partnering with us, you can directly influence our development roadmap.
  • Payment Card Industry Data Security Standard, or PCI-DSS compliance, is a set of policies necessary for all card brands to follow.
  • 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.
  • Can merchant onboarding be done in-app through customizable enrollment flows?
  • Whether you are a seasoned investor or just starting out in the world of payments, my writing is designed to be accessible to everyone and help people navigate the complex world of payments.

Contactless payments offer consumers a faster, more convenient way to pay for goods and services. Asking about the customizability of these features will help you know beforehand if the provider offers the level of control you’re looking for. The effort you and your team put into promoting the payment gateway technology enhances your brand’s value and reputation.

Secure Payments

By providing the PCI DSS Level 1 compliant payment platform under your own brand, you will have scalable best of breed technology at your fingertips. The provider should have experience in handling transactions for different businesses and industries. They should also be up-to-date with the latest payment technologies and trends to ensure that they can provide the best payment services for your business.

These aspects are, usually, defined under supervision of the respective partners’ representatives. If ever anything goes wrong, the payment gateway will take responsibility and work on a fix or update for the service. They will also provide dedicated support and welcome feedback to improve their service.

I. Introduction – White Label Payment Gateway

Maintenance, hosting, adding new integrations to the list are all the responsibilities of the technology provider. In the meantime, the merchant gets to enjoy all its benefits without worrying about the tech aspects of the gateway. On top of that, make sure the software you opt for has white label payment gateway an intuitive interface. Keeping track and monitoring a multichannel transaction flow can be challenging. It’s in your best interest to be able to easily manage data and set up access permissions. Simplified secure payments are the way to the heart (read “wallet”) of your end customer.

white label payment gateway meaning

This allows you to concentrate on your own business and core service. Hopefully your customers are happy with your existing service and products. 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.

B. Future of white label payment gateways

In essence, traditional payment gateway providers added a branding feature, allowing their clients to use their software products, with their URL, logo, name, and other information. As a result, an ISO could offer its customers both merchant accounts and payment gateway services . One of the toughest terms you might encounter is “white label credit card processing service.” What does it actually mean, and how can you tell which companies meet the criteria behind this term?

white label payment gateway meaning

Instead, you’ll typically begin seeing revenue flow in mere days after activating your first card. A white label payment gateway lets merchants offer services like Paypal or Dwolla on their website using their own brand name. This can be extremely useful for small business owners who don’t have time to learn complex coding languages or set up web servers. But what happens when you decide to start offering your goods and services through different channels than the one you initially chose? Do you just continue operating the same old shop across multiple platforms?

How to Develop a White Label Cryptocurrency Processor?

With multiple currencies, languages, and local payment options, we’re ready to help you scale up internationally. By choosing Ginger’s white-label PSP, we promise to take care of the tech so you can focus on merchant success, sales, and marketing. We integrate payment providers and acquirers all around the world to bring a unified communication control and management interface. Similar to the previous section, a white label card is a customized version of a regular plastic credit card that contains all of the necessary components necessary to operate a credit card processing facility.

white label payment gateway meaning

The correct answer is “anyone you want,” but not every provider necessarily agrees. Make sure that the payment gateway offers you the freedom to board the merchants you want to do business with and provide services to the vertical you do business in. This functionality is most useful to high-risk payment service providers as well as those willing to improve their credit reputation. https://xcritical.com/ Customer support and technical solution are also crucial factors to consider when choosing a payment gateway partner. Look for providers that have been in the industry for a long time and have a track record of successful projects. There are a few essential things you’d want to consider before choosing a payment partner that offers white-label payment processing.

The Six-Step Process for Putting Your SoftPOS Solution Into Action

An authorization only transaction is one in which a pending transaction is placed on the account of a card user, which is settled at a later date. The acquiring bank subsequently deposits the total of the approved funds into the merchant’s nominated account . This could be an account with the acquiring bank if the merchant does their banking with the same bank, or an account with another bank. Value-added services are vital to any independent sales organization or independent software vendor that manages merchant accounts… An ever-growing number of independent sales organizations are vying for merchant sales. Given that an average integration with a white-label system takes up to one month, it speeds things up for merchants all set and ready to start selling.

Mobile SDK

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. Payment solutions A unified interface allowing the way of accepting payments to be centralised, standardised, and streamlined.

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