Building your own payment infrastructure from scratch can be costly, time-consuming, and complex. Try a white-label payment gateway that can provide numerous benefits, including cost-effectiveness, security, customization, and scalability. Let’s explore the benefits in more detail
Key Risks
White-Label vs. Creating your own payment platform
High development costs and long timelines
Problem
Creating your own gateway requires significant time, money, and resource investments. It involves building a custom solution from scratch, which can take months or even years. Additionally, the development costs can quickly spiral out of control, requiring you to allocate more resources than initially anticipated
Solution
Choose a white-label, fully functional payment platform that is ready to use. This will help you to avoid the loss of time on technical development and maintenance, which leads to the loss of potential income and opportunities. Instead, you can focus on attracting and serving customers, staying ahead of your competitors
Lack of experience risks
Problem
Creating a digital transaction gateway requires specific knowledge and experience in payment processing, security protocols, compliance standards, and software development. Lack of experience can lead to fatal mistakes in development that could have negative financial and reputational impacts for a business
Solution
It is much more profitable to cooperate with professionals who can offer a wide range of services, including secure payment processing, fraud prevention, compliance management, and customer support. Minimize the risks associated with payment processing and ensure the security of customer financial information
Security and compliance risks factors
Problem
Developing a payment platform from scratch requires extensive knowledge of payment processing and security protocols. This means that any errors or oversights during the development process can lead to serious security and compliance risks. Meeting strict compliance standards, such as PCI DSS and GDPR, can be challenging and expensive, especially for small or medium-sized businesses
Solution
A white-label online transaction gateway comes with built-in security features and compliance standards that have already been tested and proven. This ensures that your digital payment solution is secure and compliant with industry standards, reducing your risk of fraud, data breaches, and non-compliance
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Benefits
Unlock the benefits of white-label solution
White-label payment processing solutions provide an effective and productive way for PSPs, acquirers, and banks to offer a secure and reliable payment solution to their clients while maintaining control over their brand and client relationships
- No need to develop a payment infrastructure from scratch
- Save time and money on development and maintenance costs
- A competitive platform with a lot of features
- Accelerate time to market
- Access to expert support and maintenance
- Full compliance with PCI DSS PSP Level 1 requirements
- GDPR compliance
- Google Cloud and AWS infrastructure
- Confidentiality of information
- Technical support 24/7
- Full control over the clients' money and accounts is on the PSP's side
- Partners can set their own pricing and billing structure and manage the entire client lifecycle
- KYC/AML procedures are on the PSP's side
- Integration with partner systems
- Data migration support
- Choice of payment options and the ability to tailor the user experience to the brand and clientele
- Scalable solution for partner's business growth with flexible expansion
- Seamless integration with systems and processes
FAQ
Frequently Asked Questions
Here you will find the answers to commonly asked questions. If you can't find the answer on your question or need any further information, please, feel free to contact our sales team
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Why using a white-label payment gateway is better than developing my own solution?
Developing your own payment processing solution can be a time-consuming and costly process, requiring significant technical expertise and resources. In contrast, a white-label payment gateway offers a ready-made solution that can be customized and integrated into an existing platform more quickly and easily, allowing companies to focus on their core business. Additionally, a white-label payment gateway provider typically offers ongoing support and maintenance, as well as compliance with industry regulations and standards, reducing the risk and complexity of managing payment processing in-house
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What is a payment acquirer?
A payment acquirer, also known as an acquiring bank or acquiring processor, is a financial institution that processes payment transactions on behalf of merchants. They are responsible for authorizing and settling payment transactions with card networks such as Visa, Mastercard, or American Express, and ensuring that funds are transferred from the customer’s bank account to the merchant’s bank account
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How many acquirers is needed to ensure payment continuity?
It is recommended that merchants have at least two payment acquirers to ensure payment continuity. This is because if one acquirer experiences technical issues or service disruptions, the merchant can switch to the other acquirer to continue processing payments. Additionally, having multiple acquirers can provide redundancy and improve the reliability and speed of payment processing
