You establish added credibility by using your own name and logo for payment processing services—as opposed to pointing customers to a third-party provider. While you, as the business owner, are focused on improving your business, you will be benefiting from the available technological innovation provided https://xcritical.com/ by payment gateways. You do not need to have the technical know-how of the operation of payment gateway systems. For specific pricing details and to see a demonstration of the UniPay payment processing platform, contact us now. We’re ready to help you get to the next level with our products and services.

The definition of a White-label payment platform https://xcritical.com/blog/white-label-payment-gateway-benefits-and-drawbacks/

Whether it is in-depth transaction data, chargeback and refund information or acquirer performance statistics, you are in control of your payments strategy and success. WLPayments’ Payment Orchestration Platform allows merchants to take control of their payment flow through the multi-acquirer set-up. Online merchants can utilise Intelligent Transaction Routing to set custom and effective transaction routing rules to increase the success rate.

Several white-label payment gateways allow you to offer clients the option of using a credit card with your company brand name. If you need an image booster for your brand, that will also improve your merchants’ experience, it might be the right time for you to implement a white label payment gateway solution. A white label payment gateway is a payment processing service that allows you to create customized products and services. 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.

PayBito offering White Label Payment Gateway for accepting crypto payments

All financial 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. Is a white-label payment service that integrates your business with the Automated Clearing House network to send and receive ACH payments.

The definition of a White-label payment platform https://xcritical.com/blog/white-label-payment-gateway-benefits-and-drawbacks/

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. As the owner, you’re free to open merchant accounts on the platform and onboard your clients.

Enables Seamless Crypto Payments Globally

The feature allows you to create a specific route for each transaction ensuring the highest possible transaction approval ratio. It also creates a smooth checkout experience for the end customer and improves your brand’s reputation. An eCommerce online shop is a gift from digital technology to brick-and-mortar store shopkeepers. Due to the internet, small businesses and start-ups are no longer geographically confined. Through eCommerce retailing, even a tiny company owner in a distant corner of the world can now reach a broader audience throughout the globe.

Seeing the brand’s logo on the payment platform will reassure them of this. This will increase their loyalty and make you retain such customers for a long time. An acquiring bank – the one to authorize you to provide payment gateway services. We are constantly working to bring new features and payment methods to our platform, aiming to become the most connected technical provider in the world. All upgrades are instantly available for you and your clients to benefit from. Our payment platform is equipped with cutting-edge intelligent tools and handy features to cater to even the most demanding financial institutions, payment companies, and businesses.

The definition of a White-label payment platform https://xcritical.com/blog/white-label-payment-gateway-benefits-and-drawbacks/

In science & technology studies and critical theory from Wesleyan University. Once you find these partners, or at least know what they are going to be, you might start working on the actual implementation of the project. Cloudflare helps us mitigate DDoS attacks of all forms and sizes and enhances the security of our platform. Having successfully passed the independent audit and assessment, we received the certificate of PCI DSS version 3.2.1 compliance.

Integration with a solution provider

White label casinos and gaming platforms are a popular example; businesses build online gaming platforms and then rent or sell them to entrepreneurs for profit. You become more competitive in your business niche by offering payment processing services to your customers under your own brand. PayBito’s white-label payment gateway offers advanced tools to support businesses in the battle against fraud. Our cutting-edge in-built fraud management features help businesses protect revenues while minimizing the expenses and administration related to fraud. The multi-currency crypto wallet is the highlight of PayBito’s white-label payment gateway infrastructure.

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. 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.

A New Payment Platform: Build vs Buy

As an entrepreneur, you definitely want to keep up with the latest trends. The way money inflows and outflows worked before is no longer the case now. You gain access to an additional passive revenue stream not available to most businesses. The firm’s recommendations and personalized assistance might make the service even better. Consequently, the company can focus on its core operations and goods.

  • In the case of payment gateways, it means that you can rebrand the checkout process so your customer doesn’t see the name of the payment software you used.
  • After all these preparations, you can start integrating a provider you’ve chosen.
  • PayBito offers a robust and scalable White Label Payment Gateway to businesses aiding them in facilitating fast and seamless processing of cryptocurrencies globally.
  • They can easily remove cash from their business equation and begin accepting payments via multiple payment methods.
  • Now more than ever, organizations have access to large amounts of data that can be leveraged to their advantage.

No wonder such an approach is gradually receding into the past, giving way to more efficient and tailored to the needs of high-risk business payment solutions. This functionality is most useful to high-risk payment service providers as well as those willing to improve their credit reputation. As the number of available white-label payment service providers grows by leaps and bounds, it might be challenging to find a trustworthy one.

Your clients will have a better opinion of you if you utilize the White Label solution. In addition, a payment gateway does not have to be set up from the beginning of a company’s expansion to save money. When you employ a white-label payment gateway, your customers get more loyal and trusting of your services. But on the other hand, many individuals will distrust or be disappointed if a payment option brings the customer to an unknown website. After all these preparations, you can start integrating a provider you’ve chosen. Contact Sales Speak with Sales to see our platform in action and learn how Corefy can boost your business.

Why choose a white label software?

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. The scoring formulas take into account multiple data points for each financial product and service.

Our platform provides you with what you need to be successful internationally. How to Increase E-commerce Revenue Using Payment Orchestration Platform Each online merchant strives to grow business and increase profits. There is no better way to do it than by choosing the right payment solution since it affects the conversion rate and processing costs. However, a white-label payment gateway might be handy when a company wants to avoid creating its payment methods from the ground up. Customers want to avoid paying through their digital wallets on an insecure payment platform. The rising need for increasing brand value under one roof is driven by consumers’ desire for a one-stop payment solution for various goods and services.

What’s included in the White label solution?

Payment services that offer brick-and-mortar payment processing tend to be less individualized, so businesses might have to compromise or choose a separate option. You’re free to choose any payment partner whose international online payment solution matches your needs. Without a white label, you’d have to spend money, effort, and time establishing connections with APIs of payment service providers and banks. 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.

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This means that you are free to choose the most preferred financial institution among our trusted partners. Let’s say, for example, that you operate your own ecommerce website builder. With a traditional payment gateway, you can accept white label payment gateway payments online for everyone who uses your platform to build and host their business website. But if you use a white label gateway, you can also enable those customers to accept credit card payments on the ecommerce sites they build.

The functionality of a reliable white-label payment software

Hiring a team of payment and technology experts to work on the system can become a financial burden your business simply can handle at this stage. If that’s so, opting for a white-label solution can be the way to go. 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.

Due to white label platforms versatility and comprehensiveness, they may lack customisation tools and tailored features. It will take you more than three years if you decide to develop your own platform, while white label customers get all the technology needed in less than a month. Here are some of the pros and cons of using a white label provider in comparison to developing your own system.

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. They can easily remove cash from their business equation and begin accepting payments via multiple payment methods. Developing a payment gateway in-house can be extremely expensive with many additional costs and high transaction fees.