As a result, businesses can start accepting payments through their white label payment gateway solution in a matter of days, rather than weeks or months. Traditional payment gateways, also known as third-party payment payment gateway definition processors, offer a payment processing service that is branded under their own name. These services can be used by businesses to accept payments, but the branding and user experience is not customizable.
Hence, choosing the correct payment gateway provider can be crucial for the success of your business. Redirecting to a third-party payment gateway raises questions and suspicions for several users when customers are trying to make online payments. This is particularly applicable to customers who have come to your website for the first time and need more clarification about the site’s credibility. This could be one of the most significant reasons you face high cart abandonment rates.
It’s worth mentioning that our payment traffic has multiplied several times since we started with the platform, and it easily fulfils our needs as we scale and enter new geographies. We reduce the burden of development, IT, and infrastructure services costs, allowing you to focus on your core business. Find out how we helped this international cashback service handle mass payouts and establish new integrations, equipping the company for further expansion.
B. White label vs. traditional payment gateway
Can merchant onboarding be done in-app through customizable enrollment flows? Does the platform offer robust reporting features to check user activity, residuals, and volumes? White-label payment processing refers to the use of a third-party payment technology—fully branded as your own—to process payments. The transaction information is then submitted to one of the credit card networks and routed to the issuing bank of the credit card holder where the transaction is either approved or declined. The response is then transmitted in reverse back to the payment gateway where it receives the response and notifies the merchant whether or not the transaction was approved or declined.
The key features of white label payment gateways, such as support for multiple payment processing services, various currencies, PCI compliance, and technical support, further add to their benefits. Payment gateway solutions have become a necessity for businesses of all sizes. One such payment solution that is gaining popularity among businesses is the white label payment gateway. In this article, we will explore what white label payment gateways are, their benefits, how they work, and their future.
Meetic 3 giorni a scrocco offerte: che tipo di funziona?
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. Payneteasy’s gateway is a fully brandable, white label solution.
Here are some more advantages of using a white-label payment gateway. 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.
A. Definition of white label payment gateways
A virtual payment gateway, located on an external service or in the cloud. It requires just a little of your local resources and is fully maintained and supported by the gateway provider. 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. Look for providers that offer transparent pricing and no hidden fees. Compare the fees and rates of several providers and choose the one that offers the best value for your business.
This is especially true if your company allows you to provide a variety of third-party services or products that complement one another. An Independent Sales Organization, for example, resells merchant accounts from purchasing banks, as well as card terminals, e-commerce sites, and other goods. Such an opportunity offers many benefits and ways to expand one’s business without having to invest additional money in building a payment gateway from the ground up. 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. Your white label gateway provider might also help you establish the necessary partnerships.
- You should choose a white label payment gateway platform that has a long track record of experience working with these kinds of businesses.
- If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly.
- When evaluating offers, please review the financial institution’s Terms and Conditions.
- Of course, behind the scenes is a powerful back office, which is no less important to run the successful white label credit card processing solution.
Payment gateway solutions also come with features such as real-time reporting, fraud prevention, and recurring billing options. White label payment gateway providers offer payment processing services that allow businesses to process credit card payments quickly and efficiently. These services enable businesses to accept payments from various credit card companies, such as Visa, Mastercard, and American Express, and in different currencies. Payment processing services also ensure that businesses are PCI compliant and adhere to the latest security standards.