Additionally, you get a little percentage/commission from every transaction they complete. Make sure your white-label processing partner supports a range of payment methods and currencies for the end-user. These can greatly improve customer satisfaction and help you serve a larger customer base. If your business requires reseller services, consider the advantages of a white label payment gateway. However, if your product or service doesn’t necessitate secondhand payment processing, you’re usually better off with a traditional payment gateway like the type provided by Unicorn Payment.

Don’t waste time and resources trying to develop something that industry experts have already done and are offering to you at a reasonable rate. Relying on a ready-made payment platform empowers you to switch focus from poking around the technical issues to handling business operations and building strong relationships with your clients. There are a few essential things you’d want to consider before choosing a payment partner that offers white-label payment processing. This will help you make sure that you are fully equipped to meet the needs of your customers.

Building and maintaining a payments infrastructure is extremely resource-intensive. Besides developing the technology, ISVs would also need to build relationships with sponsor banks in order to facilitate payments. This can cost millions of dollars in time and money—something that small businesses can’t afford. White-label payment processing refers to the use of a third-party payment technology—fully branded as your own—to process payments. If your customers would benefit from receiving payment processing capabilities as part of your service, a white label gateway might be for you. Yes, once your payment gateway is set up, you can make changes and add new features to match your company’s unique requirements.

Consumer Products

White label is a business model that implies purchasing an unbranded solution from a provider who created it, customising it to your brand, and selling it as your product. White label payment provider is a perfect way to enhance your offering and gain another source of income. 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. One of the downsides of a white-label gateway that could be critical for you is that you don’t have enough control over the process. Everything is handled by the gateway provider, including PCI compliance, integrations, certifications, maintenance, etc.

Businesses like online stores, e-commerce software, gaming platforms, and system providers often use such services. Every company that wants to accept online payments should consider getting them. Just pick the most suitable and reputable partner and get the wanted services. One can argue that this is still part of the risk management feature.

Is a white-label payment service that integrates your business with the Automated Clearing House network to send and receive ACH payments. The software, when integrated with your online website, can be fully customized to match your business’s branding. Ensure that the provider allows you to market their services under your own name. If they extend their services to your customers but they require you to retain their name and branding, they’re not a true white label gateway. Customers must be routed to a gateway-provided secure payment page to make a payment. Customers must now choose a payment method such as a credit or debit card, online payment, etc., before continuing with the purchase or service.

Having successfully passed the independent audit and assessment, we received the certificate of PCI DSS version 3.2.1 compliance. Continuously maintaining and upgrading your software, as it is a cornerstone of a successful PSP company. Corefy is PCI DSS-certified and fully compliant with the industry’s most sophisticated standards, such as PSD2 and GDPR. You will receive a white-label solution with a complete card-present solution, including SoftPOS and remote key loading mechanisms.

Types of businesses you can work with

Does the platform offer robust reporting features to check user activity, residuals, and volumes? To ensure a smooth payments experience for your customers, look for a payment platform that has a strong and long-term relationship with sponsors or acquiring banks. This will ensure that payments are swift and go through successfully, more often than not. PCI compliance besides implementing various fraud prevention and protection measures.

On top of that, make sure the software you opt for has an intuitive interface. Keeping track and monitoring a multichannel transaction flow can be challenging. Yet, with a user-friendly admin panel, the task gets much simpler. It’s in your best interest to be able to easily manage data and set up access permissions. With tokenization in place, customers can easily pay with one click. And given word-class security certificates in place, customers’ trust and, consequently, conversion rates will grow exponentially.

With customers becoming more and more demanding, the software shapes up to meet the needs and, often, exceed the expectations of the end customer. Therefore, white-label payment software often has an extensive list of features helping to create a smooth and uninterrupted payment flow. A virtual card is an optimal financial instrument to instantly pay for goods and services with the most convenient functionality for making cashless payments.

White-Label PSP service a perfect solution for payment service of online payments because of their

White-label payment processing offers multiple benefits for ISVs or SaaS companies looking to offer payments as part of their integrated solutions. However, this is easier said than done; most ISVs do not have the necessary expertise or resources to become merchant services providers. We are happy to assist our customers, for any query related to https://xcritical.com/ processing, we are ready to help you at . White labeling is the practice of rebranding a product or service under the name of another firm. Customers may pay via a third-party gateway while utilizing the company’s brand name when employing a white label payment gateway from a third party. When you employ a white label payment gateway, your customers get more loyal and trusting of your services.

Easy Management of every module reinforces your PSP Business with a seamless solution. Furthermore, get an accurate reporting and invoicing system to become a precise payment service provider. Accurate Reporting and Adaptable Modular Structure for your business. So, the white-label solution will be the most cost-effective for you if you deal with large payment volumes. Merchant services provider that offers payment processing services for mobile apps and websites.

Best white-label payment service providers

For example, you can handle credit card payments in various currencies using this payment gateway. In addition, you are allowed to sell these services directly to your clients through the payment solution. A white label payment gateway is a solution that allows you to extend payment processing services to your customers under your own name.

• Of course not, and this is exactly what is going to happen to your client as well if you do not have a branded payment processing system.
• Our partners cannot pay us to guarantee favorable reviews of their products or services.
• Plenty of people feel suspicious or simply unsatisfied when the payment procedure transfers them to a different website.
• However, you need to have a team which is specialized in the particular area and has technological expertise to keep the process smooth.
• 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.
• This way, you can provide customers with a great transaction experience and avoid costly data security assessments on the website.
• But with new markets, you will need new payment methods, localised payment pages and new currencies.

Outsourcing allows you to keep your expertise and professionalism. You are enjoying benefits like high ROI, the provision of innovative and practical payment solutions, and a strong brand reputation. This type of setup necessitates ongoing updates and supervision, so you should be aware of this. Products can easily be rebranded or marketed – Payment gateways must be accredited, upgraded, code tested, and updated regularly.

Advance Fraud Prevention

We’re ready to help you get to the next level with our products and services. By integrating payments, they can offer a more holistic solution to address the business needs of their customers. Plus, they have greater control over the payments experience which not only strengthens their customer relationships but also helps them grow their brand and reputation. Our updated documentation and API libraries provide everything you need to quickly and easily integrate your customers’ online stores or mobile apps with your payment platform. What is White Label Payment Gateway gateway will assist in making customers loyal and confident in the services. Plenty of people feel suspicious or simply unsatisfied when the payment procedure transfers them to a different website.

Our customisable Checkout and smart transaction processing have proven their efficiency in driving the conversion rates. Our white-label solution has been used by Fortune 10 companies and the largest facilitators in North America. It includes professional services that allow you to customize and add any necessary functionalities. Paymentz.com needs to review the security of your connection before proceeding. It improves your customer base by providing the method to accept local payments. The scoring formulas take into account multiple data points for each financial product and service.

Payments are an integral part of your business and having the right partner to help you with this is a major advantage. As the world is shifting towards online payments, secure and fast transactions are a must-have. Increased Visibility of your Brand – This value is more noticeable in organizations that offer various third-party services or products that complement each other. You save money by building your payment gateway rather than using a third-party service provider. However, implementing your payment gateway comes with a slew of upkeep and other expenses.

What businesses can benefit from a white-label payment gateway?

Plus, they get to create an additional revenue stream while leaving the heavy lifting to the white-label payment processor. The first step to implementing white-label payment processing is to find the right payment tech partner. It benefits ISVs or SaaS companies looking to offer payments as part of their integrated solutions. One-time and recurring payments get different verification scenarios for customers’ convenience. A customizable platform can make online store customization much easier, as businesses may be able to take advantage of advanced tools without hiring someone to code a custom checkout page.

Platform Architecture

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. If you have an online eCommerce shop, then you must have it to build brand authority. A payment gateway needs to be constantly accredited, goes through PCI DSS Compliance, regulatory compliance and a lot more.

However, a white-label payment gateway might be handy when a company does not want to create its payment methods from the ground up. A payment gateway’s accreditation, system upgrade, code test, and update are all critical. If you’re looking for a quick way to brand and advertise your goods, employ polished ready-to-market items that are already impressed and marketed.

Why Choose White Label Payment Gateway as Your Commercial Solution

But you have to keep in mind that building your own solution can be more time-consuming as it will take a dedicated amount of time and effort. As an entrepreneur, it is your tendency to go for the do-it-yourself or build it yourself strategy. It is your first solution for every problem and the payment gateway is no exception. We at Corefy start by creating an organisation for our client on the platform. They receive access to Dashboard, a starting point for managing all their operations within the platform.