has revolutionized the setting up of a payment gateway business. The concept dates many years back but introducing it to the payment processing channels is quite commendable. If you are planning to start your own payment gateway business, you have two options in front of you.
First, you can hire a Paytech Team to create a Payment Gateway for your business.
Second, get a WL Solutions for your company and start with your business instantly.
Starting with a Paytech Team requires labor, time, and cost to create a payment gateway from scratch. On the other hand, you can get white-label solutions to completely customize a payment gateway according to your company’s image with all the customization options.
Do Not Forget! These Pointers are Crucial to You.
While getting a white-label payment gateway, you need to remember some points.
1. Checking the Security Compliance: Protecting the sensitive information of the merchants and the payments is vital. Thus, you need a service provider that complies with the security protocols. PCI DSS with 3D Secure Payment Gateway is the most secured form of payment processing channel. The White-Label Solutions you are choosing should be PCI Compliant to meet the industry’s security standards.
2. Anti-Deceit Tools: Most of the high-risk businesses are susceptible to scams and frauds. Therefore, you can offer the merchants a payment solution that is pre-equipped with fraud prevention tools. It will protect the channel from any fraudulent activities or scams. It will be an indispensable tool for a payment gateway and provide a superb edge to your business on the ground.
3. Easy Integration Capabilities: Integration of a payment gateway is a headache for any business. If you are going to start your own payment gateway business with White-Label Payment Gateway Solutions, you need quick integration of the payment processing channel to your website. Thus, the integration aptness of a service provider should resonate with your needs.
Complete Support
4. Complete Merchant Assistance and Support: Getting a Payment Gateway means you need to solve a query of the merchant if any issue arises in payment processing. Therefore, you require prompt support from the payment service gateway providers. Moreover, you need merchant assistance to set up the payment gateway representing your brand image.
5. Alternate Payment Methods: The widely popular card payment is just one method of payment. However, you need to enhance the payment experience of the consumers through the merchants. Thus, get a payment service provider with multiple modes of payment. In other words, integrate all the necessary payment methods into the payment gateway such as eWallets, Net Banking, Recurring Payments, Cryptocurrency, etc. It will help you reach a larger crowd in minimal time.
6. Chargeback Protection: Your business may need a chargeback prevention feature for your merchants. All the businesses, at one point in time, experience chargebacks. It can hamper the merchant’s image in the industry. Therefore, your merchants will ask for a chargeback prevention system. Or it will help you to marketize your services better as well. Thus, Gatewayeast offers Chargeback prevention features through different tools.
7. Reporting: Robust Reporting Mechanism of a payment gateway is the most in-demand part. Any payment infrastructure needs to be promptly informed about a payment. If there is a single error while informing an institution, it can cause a huge stir. Thus, getting a White-Label Payment Gateway with the real-time reporting feature is a must-have part of the payment processing channel for your business.
Should You Build a Payment Gateway or Get One?
As we discussed initially, if you want to start your own payment gateway business, you have two choices; Building a payment gateway from scratch or getting white-label solutions.
To build one, you need:
1. Paytech Team
2. PCI Compliance
3. Relationship with acquiring banks
4. Huge capital
5. Time
6. Infrastructure
It will be a long way to go for your business. However, if you get a white-label payment gateway, you can significantly cut down on these costs.
Moreover, you need expertise in the industry of Payment Processing. A crucial part of the payment processing channel is error-free solutions. A company operating for years in the FinTech industry will know what the worst that can happen is. Thus, they have professional expertise in the matter and can tackle it ASAP.
Gatewayeast offers your business the exact solution that you require for your business. Furthermore, you get added features into the payment gateway with the required support and assistance. It will help you meet the needs of the merchants better and establish your brand all around the globe. We will support your reseller, ISO, ISV, or PSP Business with our expertise in the industry.
That clears the dilemma of choosing between building a payment gateway or getting a WL Solution. A white-label payment gateway will serve your needs by offering you experience in the industry. At one point, your business will reach the zenith without even building a payment gateway for yourself.
Conclusion
That brings us to a close. White-Label Payment solutions will be a huge support to your monotonous thought of creating a payment gateway. To start your own payment gateway business, a white-label solution is wise for you to get innovative, cutting-edge solutions at the beginning of the business. It will allow you to learn about the industry. Moreover, you will have the opportunity to understand the needs of the merchants and what you should integrate into your payment gateway.
Have you made up your mind with the White-Label Payment Gateway? Then you can reach us to get complete merchant assistance. Start with putting your brand image into the payment gateway. Further change the text, logo, font, font color, font size, etc., as per your convenience. It will give a glorious outlook to the payment gateway. With precise tech support, you have the capability to change the payment processing experience of the merchants.
Offer state-of-the-art services to merchants around the globe with Gatewayeast’s advanced White-Label Payment Gateway. Create a new look with your brand and continue your business with the merchants today.
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