White-label Payment Gateway Solution

They are also built to comply with industry standards and regulations, taking this burden off your shoulders. Akurateco is a global white label payment solutions provider created by industry experts with over 15 years’ experience in fintech. Certainly, some companies can work without a white label payment gateway. However, if your business offers its services online, attracts customers via the Internet, and intends to scale, a customized gateway is a must. Below we enlist the most common types of entities that can benefit from their white label crypto payment gateway unique payment system.

• For these reasons, white-label payment gateway services warrant strong consideration from growth-focused online platform businesses.
• Legal compliance isn’t just about ticking boxes; it’s about fostering trust with your customers, solidifying your reputation, and building a resilient business.
• These rules and regulations can often be complex and burdensome to comply with while building payments infrastructure, but compliance is necessary to avoid hefty fines and reputational damage.
• Plans come with a free online store that automatically syncs e-commerce sales up with your POS system.
• The following is a list of some of the global benefits that white label payment gateways offer.

White-label Payment Gateway Guide: Solutions Comparison

Understanding payment gateways and payment service providers (PSPs) will help you make an informed decision when choosing the best online payments solution to serve your specific business https://www.xcritical.com/ needs. Similarly to PayPal Payflow, PayPal Braintree’s payment gateway lets businesses accept PayPal, Venmo and Apple Pay payments in addition to the standard credit and debit cards. The platform can integrate with outside merchant account providers, but it costs extra. Unlike many of its competitors, Authorize.net integrates with third-party merchant account providers so that your business can accept online payments.

Use all provided modules and manage entire business processes in a single web back-office

On websites like the Better Business Bureau, there are similar complaints about WePay, but perhaps because WePay serves fewer companies, most complaints about frozen accounts are directed at Stripe. Stripe is known for its built-in reporting features through Stripe Sigma. Sigma can generate in-depth reports and is fully customizable if you can write in the programming language SQL. Stripe charges a flat fee of 2.9% plus 30 cents for each online transaction. When deciding between WePay vs. Stripe, here are some scenarios where one of these two white-label solutions might come out on top for you. Private cloud is similar to other forms of cloud environments in that it offers virtualised resources via physical components.

Enables better customer retention

In a competitive financial technology environment, it can be challenging to navigate and choose a partner with a combination of a solid reputation, innovative technologies, and affordable pricing. Akurateco has established itself as a reputable cutting-edge white-label payment gateway vendor on the market that is worth considering. Unfortunately, developing your solution from scratch is a pretty time-consuming endeavor. Even if you hire a team of experienced developers and they build a payment solution on their own, you’ll still need an inordinate amount of effort to keep it running. And, of course, you will still require a motivated and skilled team of programmers to whom you will have to pay a hefty salary.

Brandable software suitable for various business types

With a white-label solution, you are responsible for its performance, so you have to be very careful when choosing a vendor. Otherwise, users may become dissatisfied not only with the payment software but with your brand in general. This is extremely important when you’re a startup and haven’t yet gained a firm foothold in the market.

WePay vs. Stripe: Which Is Right for Your Business?

There are omnichannel gateways that cover several niches or provide functionality for both e-commerce and in-store POS acquiring. However, if you focus only on e-commerce acquiring, it’s better to choose not complex solutions but ones that are specifically targeted to e-commerce. That way you can be sure that the solution meets all the needs of a business that focuses on this niche. One of the key advantages of the white-label payment gateway is the ability to customize it to your business needs. Of course, this is also true for custom software, but the costs, in this case, will be much higher.

Best white-label payment service providers

Our ready-made anti-fraud solutions provide you with additional security layer and help you target specific fraud issues and risks more effectively. Manage partner accounts effectively with any type of financial institution, including Merchants, PSPs, ISOs, Agents, and Marketplaces. We will outline a technical solution and strategise implementation steps based on the information you have provided. Empower your teams with tools designed for enhanced sales and operational efficiency. Manage workloads and optimize processes with our robust team account features.

What payment methods are supported by the White Label Payment Gateway?

White-label payment gateways help businesses improve their payment experience and reshape the way that they conduct online transactions. Below, we’ll explore this technology and provide insight into the advantages of white-label payment gateways. We also provide on-demand integration services with unlimited providers and have ready-made integration with a Visa/Mastercard processing center for acquirers. At the moment, Akurateco’s white label payment gateway has over 300 integrated acquirers and payment providers available to merchants via a single integration to the platform. Furthermore, the company has a proven track of swift development of new connectors upon request.

Find more solutions for your business model on our platform

Shop online with secure checkout protocols developed by Visa & Mastercard. Simplifies product management for merchants, letting them easily enter and manage product SKUs and keep inventory organized. Automatically determines which MIDs to route transactions to based on active routing directives using a single gateway account. Lets merchants create payment links as QR codes to quickly and easily get all the benefits of going contactless. Lets merchants quickly start selling without a shopping cart by using our hosted payment page and payment button generator. Automatically and securely complete payment terminal key injection at the point of sale with this fast and cost-effective method.

We will summarize the key features of each company so you could choose the best option for you. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Next, it is vital to check the demo of each company’s system they usually offer on their website.

We offer a real-time routing tool that allows you to select which Merchants should be grouped together and the order of priority within the groups. Cardstream’s gateway provides invoicing for Merchants and a White Label invoicing solution available for Resellers to use. You can integrate using with third parties, allowing for different levels of control and communication. Securely request and receive a payment by text—up to 10x faster than other methods.

Stripe offers online checkout options for business owners with developer experience as well as those who want an out-of-the-box, no-coding-needed solution. Since it specializes in processing online transactions, it’s straightforward and accommodates a variety of currencies, too. Enjoy a full-fledged white-label payment processing solution that allows you to deliver market-fit values for merchants and seamlessly run and scale your business. For these reasons, white-label payment gateway services warrant strong consideration from growth-focused online platform businesses. They alleviate undifferentiated heavy lifting while providing branding flexibility.

Accept payments online, in person, and around the world with a payments solution built for any business – from scaling startups to global enterprises. Akurateco uses its 15+ years of experience in the industry to build and maintain a reliable and smooth white label gateway with an uninterrupted transaction flow. Exponentially grow your conversion with our secure and easily customizable payment page. Cardstream’s Batch Processing solution allows you to submit many payment or modification requests simultaneously using our Direct API to let us know the transactions you want us to process in bulk. Cardstream offers fraud prevention technology through their third-party integration with Kount.

If you run an online store on an e-commerce platform, like Shopify or Squarespace, or one you host yourself, then you’ll need a way to accept payments online. Payment service providers, like WePay and Stripe, provide small businesses with payment gateways, which enable your site to accept electronic payments. Payment gateways act as a bridge between your business and the consumer to ensure your online transactions are completed and, more importantly, that the payment information is secure. The advantages of white label payment gateways include quicker time-to-market, cost-effectiveness, enhanced customer trust through consistent branding, and the ability to focus on core business.

Onboard and manage multiple MIDs on a single payment gateway account, as well as consolidate reporting, manage branches, organize products and more. Get a modern card issuing and account management solution to serve your end-clients and fintechs. Take an advantage of a unified API, full-featured business management back-office, digital banking, and white-label neobank app.

Plus, customers can leverage the system on a Software-as-a-Service, On-premise, and Cloud-Agnostic basis. Additionally, the company also offers Payment Team as a Service, providing comprehensive support and guidance every step of the way. When you use a white-label payment gateway, you depend on the provider for ongoing maintenance, updates, and support. If the provider falls short somehow, it affects your business directly. That is why choosing a reliable and reputable payment partner is crucial.

Selecting the perfect white-label payment gateway provider is a pivotal decision. One that significantly influences your business operations and customer experience. The essence of a white-label payment gateway lies in its seamless integration and customization capabilities, offering businesses a more straightforward approach to handle online transactions.

You have the flexibility to scale up or down, add new features, and accommodate increased transaction volumes of your company. Magnius is a payment gateway with the ability to integrate many third-party PSPs and acquirers. The solution is distributed on the SaaS model and hosted on AWS servers. However, because of its extensive credit card processing options, like its free mobile reader, Square may be better suited for brick-and-mortar companies. Stripe Relay streamlines the checkout process on mobile phones for your customers. With Stripe Relay, merchants can use this API to list products to sell on mobile or link their e-commerce sites.

You’ll need to hire specialists who will design, develop, and test the software. Moreover, you will also need to enlist the support of competent professionals who will help you get all the necessary licenses. In total, the cost of developing a payment gateway from scratch will cost you around $1 million. White-label payment gateways can offer tremendous benefits for businesses that thoughtfully choose a solution that fits their needs and aligns with their goals. Businesses should consider several factors when deciding whether to use a white-label payment gateway. Merchant acquirers and ISOs (Independent Sales Organizations) act as agents/salesperson of the payment gateways by reselling their services to the merchants.