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
White-Label vs. Creating your own payment platform
High development costs and long timelines
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
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
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
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
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
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
Unlock the benefits of white-label solution
Frequently Asked Questions
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
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
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