What Is a White Label Payment Gateway?

Most white-label vendors offer strengthened fraud and chargeback protection. Thus, at Akurateco we implement both external services like MaxMind and Ethoca as well as own protection and validation system leaving the fraudsters no chance. While you get the credit for a solid state-of-the-art payment platform, you don’t have to invest in its development. Open Source Payment Gateway is a gateway launched on the basis of open-source software, released under a license that grants users the right to use, study, modify, and distribute the software and its source code. Open-source software is distributed at no cost and does not aim to generate profit. At this point, the software vendor provides you with the system and prepares it to launch under your brand.

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. For businesses that do not want to invest in developing their payment system, a white label payment gateway is beneficial. A third-party white label crypto payment gateway payment gateway that focuses on the white label will have the competence to build cutting-edge technologies such as Apple Pay and Android Pay. With direct interfaces and accreditations across a variety of acquiring banks, enterprises may take advantage of conveniently accessible technology.

What Is a White Label Payment Gateway?

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. Payment security is an essential aspect when it comes to processing payments. Traditional payment processors are PCI-compliant, which is the international standard for secure payment processing. These payment processors are accountable for the security of your stored data. White label payment gateways, however, offer a lesser degree of security compared to traditional payment processors. These payment gateways may not be able to adhere to the PCI standard, leaving the responsibility of security to the businesses and merchants that host payment forms on their websites.

Drawbacks of a white-label payment gateway

The Clear service helps businesses integrate WePay into their websites and checkouts without redirecting customers. You can either build your own checkout form or customize existing templates, enabling you to have your brand colors and logo appear seamlessly throughout the payment process. For example, there are gateways that are complex and cover several different products.

What’s a white-label payment gateway?

As a result, modern payment software providers work hard to create secure, versatile payment options. Compared to the standard products and services offered by large, well-known companies, these startups’ solutions come in a broad range of sizes and shapes. White Label Payment Gateway Solution providers have the expertise and capability to provide the most cutting-edge innovative technology to help simplify online payments.

Drawbacks of a white-label payment gateway

The best part is that you get a little percentage of every sale they make. It is equipped with all of the characteristics of a conventional payment gateway, such as the capability to accept and process payments made through credit cards in a variety of currencies. A white label gateway takes things to the next level by enabling merchants to provide the same services to their clients. A white label payment gateway allows businesses to accept online payments under their branding and allows them to put their logo on the site. When you add your company’s logo and change the payment process with the help of a white label payment gateway, your brand will be easy to spot. The fact that our solution may be used not just in a hosted and white label payment gateway instance is the specific benefit that our product offers.

White-Label Payment Gateway: Seamless and Cost-Effective Payment Solution

Before we truly grasp the meaning of this term, let’s quickly recall what a payment gateway itself is. A payment gateway is a technical layer between a merchant and a customer that operates after the customer confirms a purchase on a merchant’s website or application. The gateway’s job is to encrypt their payment data and send them to the issuing bank, card network, and acquiring bank to confirm or decline payment and notify a customer about the result of his transaction. 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.

As a result, they are looking for more flexible white label credit card processing offerings and gateway solutions. Instead, businesses can use the technology and services of a well-known provider of payment gateways and tailor the solution to fit their needs and brand. Multifunctional white-label payment gateway designed specifically for e-Commerce acquirers and PSPs. The platform offers a wide list of features for online payment automation. The software is distributed on an on-premises basis, i.e. it is hosted on the customer’s infrastructure. A distinctive feature of Boxopay is a convenient pricing model with charging a small amount per transaction, which is convenient for startups.

Top 10 Benefits of a White Label Payment Gateway

Of course, this is also true for custom software, but the costs, in this case, will be much higher. In the case of a white-label solution you get a payment gateway with basic functionality and additional functions can be added to meet your business https://www.xcritical.com/ needs or project vision. In addition, White Label Companies offer advanced anti-fraud strategies and tools with a set of parameters. Users can refine them based on their needs, which will help them better understand the cardholder’s behaviour.

  • The fact that our solution may be used not just in a hosted and white label payment gateway instance is the specific benefit that our product offers.
  • Dwolla is a white-label payment service that integrates your business with the Automated Clearing House network to send and receive ACH payments.
  • If you’re helping prospective entrepreneurs develop online enterprises, particularly eCommerce businesses, The white label payment solution will be beneficial for your customers to accept payment.
  • There are omnichannel gateways that cover several niches or provide functionality for both e-commerce and in-store POS acquiring.
  • But, if you start using a white-label payment gateway, it is already fully compatible with PCI data security standards, and it will be updated according to the latest requirements by the gateway provider team.

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