White-label payments: How do they work?

FinTech

White-label payments: How do they work?

Decrease your time to market by relying on PayPipes as your technical partner to build additional connections within weeks. Gain insights that matter to your business, which you can act upon. Everything in real-time and cross-channel, giving access to the intelligence your business needs to optimize and grow. All in a sexy and intuitive User Interface that’s branded as your own.

whitelabel payment gateway

In-person options are minimal, but it’s comparable to Stripe for a customizable online payment platform. Customers need to trust that their sensitive data is protected, and businesses need to comply with rules and regulations, such as PCI DSS, GDPR and PSD2. 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. Payment gateways help ensure the security of transactions by encrypting sensitive information, such as card numbers and personal details. And alongside other players in the payment process, they contribute to verifying transaction authenticity to prevent fraud. Payment gateways also help authorise transactions, communicating with card issuers to confirm that customers have sufficient funds to complete their purchases.

Automating Recurring payments with Third Party Validation (TPV): Why is it a necessity for BFSI Sector?

Interested businesses can request a personalized demo from Corytech to see how it can help them streamline their payment processing operations. Be certain that the white-label payment variant you prefer supports various compensation methods, such as credit cards, debit cards, digital wallets, and other alternative earnings options. This way, you can provide options that appeal to a broad range of customers. From all the options that are on the market, a white-label payment gateway can be rightly called the most affordable payment solution.

whitelabel payment gateway

Dedicated technical support ready to help you at any point of your operation. You get statistical reports with customizable specification for any period. Financial reports with calculated amounts for merchant payouts are generated daily.

Best White-Label Payment Gateway Software in 2023

Businesses are increasingly looking for ways to differentiate themselves, streamline processes and enhance the customer experience. One key area where these objectives intersect is payment processing. Get the most profitable fully licensed fx/crypto brokerage software or ready-to-operate business in 48 hours.

whitelabel payment gateway

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. Basically, analyze your processing needs and choose a provider with all the features covering them.

Recurring payments and subscriptions

In this blog, we aim to decode the mystery and understand what a whitelabel payment gateway is, its advantages, how to choose one, and how it actually works. 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. Payspacemagazine.com is an expert resource for FinTech and e-commerce, start-ups, payment systems, online payments, traditional and alternative currencies worldwide.

What Is A White Label Payment Gateway? – Finextra

What Is A White Label Payment Gateway?.

Posted: Wed, 13 Sep 2023 07:00:00 GMT [source]

For example, it takes time and money to get PCI compliance validation and undergo yearly audits to reaffirm it. When you use a white label solution, you eliminate this burden, as it is the service provider’s responsibility. Yes, both Stripe and Akurateco offer white-label payment solutions. Stripe provides an extensive set of APIs and tools that enable businesses to create a fully customized financial alternative under their brand. Similarly, Akurateco offers a white-label charging technology that can be tailored to a business’s specific requirements.

Secure

Find out how we helped this international cashback service handle mass payouts and establish new integrations, equipping the company for further expansion. Remotely manage your payment devices including any necessary firmware updates required for security or continued EMV compliance. Automated whitelabel payment gateway onboarding of merchants where they provide passport, business documents and a selfie via our onboarding system. Upload files to the platform and process large volumes of transactions all at once. Swipe cards or key in payment details over the phone or through mail order from a browser.

  • The company provides a strong anti-fraud system integrated into its payment gateway.
  • Launch and run as a white label payment processor with zero capital expenditures.
  • The platform can reduce fees thanks to the optimization of transaction costs and automatic smart routing to different gateways.
  • Upload files to the platform and process large volumes of transactions all at once.
  • To minimize the risk of fraud, you must create anti-fraud filters for your PSP.
  • A white-label gateway is a gateway system that allows entrepreneurs or brands to process online payments using their brand name while using third-party services.

The platform employs cutting-edge technologies to serve thousands of customers globally. Compared to numerous competitors, the company is ready to work with high-risk industries and develop white-label gateway solutions for them. With white label solutions, businesses can customize the checkout page with their own branding so that customers will see the company’s name as they complete their purchases. This ensures that the customer knows they are paying via a trusted source while helping to build your brand loyalty.

The functionality of a reliable white-label payment software

The best white-label payment gateways are all the rage in the digital world, and our goal in this article is to provide an in-depth understanding of their features and benefits. We want to show readers how these solutions work and how they can help businesses stand out in the up-to-the-minute landscape. 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. To become a regular payment gateway provider, you have to develop its software from scratch.

whitelabel payment gateway

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