When it comes to payment processing, white-label payment alternatives don’t play around with security. They go above and beyond to protect customers’ payment information from fraudsters and other malicious actors. They use state-of-the-art security measures like encryption and fraud detection, which help to safeguard sensitive data from unauthorized access. Encryption jumbles confidential data, such as credit card numbers, making it indecipherable to hackers. Meanwhile, fraud detection tools raise red flags on suspicious activity like multiple transactions in a short period, which might indicate fraudulent activities. Two-factor authentication is another advanced security feature that some white-label payment gateways provide to beef up security.
Outsourcing to a White Label solution not only costs less than building a payments platform from scratch, but it also encompasses predictable, scheduled costs which simplifies business planning. 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. Using high-class software, businesses can adjust payment functionality to help the company look consistent.
What do you need to consider when choosing a white-label company?
When you use a white label solution, you eliminate this burden, as it is the service provider’s responsibility. Most payment gateway providers that offer white-label solutions have direct integrations with various acquiring banks and payment methods. Their expertise in providing the best-in-class payment technology can help simplify the need for online payments. white label crypto payment gateway Becoming a provider of payment gateway services, rather than merely a reseller, offers unique opportunities. As a provider of a white label service, you can set your own margins and become a more active part of the revenue stream. It also means you get to build your own brand, market your own business and improve your own visibility, rather than someone else’s.
- This is a Vilnius-based technology company with 14 years of experience in the industry.
- One of its main functions is to facilitate a diverse transaction flow from different payment channels.
- With the growing popularity of online shopping, the demand for white-label payment solutions grew exponentially.
- The mechanism is designed to send transactions to the most highly-rated payment partner.
- To become a regular payment gateway provider, you have to develop its software from scratch.
Depending on your processing volumes and needs you can opt for one of these versions. In case the financial aspect is not problematic, the process of building can take much time. The team of developers will have to test it and correct errors before getting the final product. With a ready-made payment module, business starts accepting transactions immediately.
Effort and time spent
Ikajo works with 150+ currencies, so it can be a good variant for legal entities that pursue goals of global expansion. Creating a cutting-edge payment gateway that ensures both smooth and fast checkout process is mandatory for any business willing to expand its market presence. 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. If you want to improve your brand’s visibility across the web, you can start by customizing the integrated payment gateway.
If your customers would benefit from receiving payment processing capabilities as part of your service, a white label gateway might be for you. Build vs. Buy is a choice that most business owners face where they have to decide on certain points. Do you have the capital, knowledge, and large tech team required to offer your customers the most efficient and innovative payments solutions? Alternatively, you could just save those funds by opting for White Label payment orchestration platform and enjoy the extra benefits! Dwolla is a white-label payment service that integrates your business with the Automated Clearing House network to send and receive ACH payments.
Why you should use white label payment gateway platform?
The use of a White label payment gateway is an option for any company that wishes to take payments online. The white label payment gateways should be used by any company serious about expanding its brand’s exposure. One of the biggest benefits of choosing a white-label https://www.xcritical.com/ payment gateway is the level of security it provides to its clients. With anti-fraud and risk management mechanisms in place, you can ensure that your customer’s personal and payment data remains safe and away from the reach of any unethical hacker or cyber-attacks.
So, when searching for the best open source payment gateway, most companies choose flexible and easily customizable products. United Thinkers’ flagship product, UniPay Gateway, with its unified API is a vivid example. 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.
Benefits of Opting for White Label Payment Gateway Solutions
When it comes to payment processing, traditional solvents offer a one-size-fits-all approach, leaving little room for customization. However, white-label online payment gateways let businesses break the mold, adding their own unique flavor to the payment process. This allows businesses to stand out in a sea of competitors and create a memorable payment experience for their customers in numerous countries.
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. With the increase in online sales and e-commerce businesses, the need to put a personalized touch on the customer’s journey has become vital. The relationship between sellers and consumers is dwindling because of the presence of multiple players in any industry.
Is a White-Label Payment Gateway Right for Your Company?
Therefore, choosing products that are ready for market and have already been polished is a simple approach that allows for hassle-free product branding and marketing. Customer support and technical solution are also crucial factors to consider when choosing a payment gateway partner. The provider should have a responsive and knowledgeable support team that can assist you with any issues or questions you may have. Another important factor to consider when choosing a payment gateway partner is their experience and expertise. Look for providers that have been in the industry for a long time and have a track record of successful projects.
To become a regular payment gateway provider, you have to develop its software from scratch. It is the main difference between a traditional and white-label payment gateway. Braintree is a PayPal-owned merchant services provider that offers payment processing services for mobile apps and websites. Like Stripe, Braintree has an advanced API that developers can use to customize checkout and payment pages. The system accepts bank cards of major payment methods and numerous alternative payment methods. It is also a sophisticated management tool with the potential to set up selling and marketing campaigns that boost merchants’ sales and expand their customer base.
Users can refine them according to their needs, which would help them to understand the cardholder’s behaviour better. Also, White Label Solutions can integrate with third party Fraud and KYC Solutions to strengthen the protection. Besides, different fraud solutions offered by white label partners often employ machine learning algorithms, which makes fraud detection more efficient, while ensuring a seamless payment experience. WePay offers a white-label payments integration on top of its standard payments platform.
Enhanced Customer Loyalty – White label payment gateways can enhance customer loyalty by providing a guarantee through their brand reflection on the gateway. This is proof that the checkout is authentic and reassures the customer, which improves customer loyalty. Now that you know what a white-label payment gateway is and it can benefit your organization, you must be wondering which vendor to choose. A personalized payment gateway will not only improve your brand’s reputation but will also help maintain a high ROI.
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But a white label gateway takes things one step further by allowing you to offer these same services to your own customers. White label payment gateway solutions offer businesses of all sizes the opportunity to build an online payment infrastructure quickly and efficiently. White label payment gateways provide businesses with access to digital wallets and mobile payment options.