Content
White-label payment service providers (PSPs) generally go to great lengths to ensure security and compliance. But regulations surrounding payments are often complicated and can vary across industries and locations. See to it that your partner is compliant with PCI DSS as well as other applicable regulations within the industries and countries you want to work with. White-label payment processing refers to the practice of using a third-party payment gateway and/or other payment technology—fully branded as your own—to process payments. In this case, the organization that provides the payment technology for ISVs, SaaS companies, or other organizations to use as their own, is known as white label payment gateway price a white-label payment processor. These tools are fully integrated into the white label offering, allowing businesses to manage the entire payment lifecycle efficiently and effectively.
Best White Label Payment Gateway Solutions in 2024
In this article, we will discuss the top five white-label payment solutions in 2023. The company offers a white-label payment gateway on the on-premise model, i.e. the software will be hosted on the customer’s infrastructure. EComCharge allows integration with 50+ banks and alternative payment systems. 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 https://www.xcritical.com/ get all the necessary licenses.
Our picks for the best payment gateways
Payoneer, a white-label payment processing solution, allows businesses easily transfer funds between accounts, pay suppliers and freelancers, and receive payments from customers around the world. Payoneer allows accepting payments via credit card, ACH bank debit, and local bank transfer. Their API provides access to multiple payment methods in more than 150 currencies and over 200 countries. Due to this, it is a suitable choice for businesses that operate in multiple regions and need to process payments in different currencies. Every company that wants to accept online payments swiftly and securely can become your potential client. A payment gateway is a technology businesses use to accept and process online payments.
WePay vs. Stripe: Customer support
This seamless integration allows data to flow effortlessly between systems, boosting the efficiency of your operations and making it easier to manage client relationships across multiple touchpoints. White-label SaaS provides you with a pre-built software solution that’s ready for rebranding, allowing you to market it as your own. This approach lets you deliver powerful digital tools to your clients without the extensive investment in development time and resources. With white-label software, you can rebrand and resell powerful tools like CRM platforms, email marketing solutions, and social media management software—all without the overhead costs. Our white-label back office allows you to create and configure these accounts, set permissions, and oversee both data and payment flows. Equip your customers with the tools they need to seamlessly conduct their business by utilizing our comprehensive back office facilities.
What are the requirements for white-label payment gateway integration?
Our back office solution simplifies the onboarding and management of multiple businesses, addressing challenges that extend beyond mere payment processing. With white-labeling, ISOs, ISVs, and acquirers get the opportunity to brand and sell services as their own. This allows them to expand their offerings, have greater control over the payment process, and create an additional revenue stream. One of the biggest benefits of partnering with a white-label payment processor is that it gives ISVs the opportunity to create an additional revenue stream by expanding their offerings.
Keep an eye out for the provider’s credibility, the breadth of payment options they support, and their commitment to security. Don’t underestimate the importance of customization options, top-notch technical support, and a transparent pricing structure. Selecting the perfect white-label payment gateway provider is a pivotal decision. One that significantly influences your business operations and customer experience.
Businesses that can offer tailored solutions for these markets stand to gain a significant competitive advantage. White label providers that support multi-currency transactions and offer localized payment options will be particularly well-positioned to capitalize on these opportunities. A streamlined, intuitive and secure payments infrastructure is a baseline expectation of modern customers. A white label payment service is a type of payment processing that allows businesses to accept payments online through a third-party service.
Send scheduled invoices and collect payments consistently, without manual intervention. This might mean familiarizing yourself with data protection laws applicable to your business to ensure all operations are on the right side of the law. Legal compliance isn’t just about ticking boxes; it’s about fostering trust with your customers, solidifying your reputation, and building a resilient business.
Segmenting these into more targeted bits can assist in making a better decision around what payment gateway provider you end up with. A scalable payment gateway grows with your business, ensuring that you stay ahead as requirements evolve. This method ensures that the chosen providers present reliable, scalable, and secure solutions tailored to a constantly changing market.
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. 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.
- Among the main advantages of Ikajo are its global coverage and multilingual support.
- As the white-label payment solution is highly customizable, they can configure anti-fraud filters, routing rules, and other parameters as needed.
- White-label payment gateways are designed with security and compliance at their core.
- This model is ideal for platforms that want to offer payment processing services directly to their users without handling the complexities of becoming a full-fledged payment facilitator.
By integrating payments, they can offer a more holistic solution to address the business needs of their customers. Plus, they have greater control over the payments experience which not only strengthens their customer relationships but also helps them grow their brand and reputation. Building and maintaining a payments infrastructure is extremely resource-intensive. Besides developing the technology, ISVs would also need to build relationships with sponsor banks in order to facilitate payments.
As the payment processing industry continues to evolve, white label solutions will play an increasingly important role. Businesses that can offer seamless, branded payment experiences will be well-positioned to thrive in a competitive market. By partnering with a provider like Swipesum, you can ensure that your payment processing solution is not only effective but also aligned with your brand’s long-term goals. Once your white label payment solution is set up, focus on marketing it effectively. Leverage your brand’s strengths and highlight the seamless, integrated experience your payment processing solution offers. Differentiating your offering in the market is crucial to attracting and retaining customers in a competitive environment.
This is a good feature if you are a merchant who wants to make your own gateway or if you want to become an orchestrator. Such systems are better suited for big merchants and ISO/MSP, but they can’t meet all the needs of a certain group, such as acquirers. Increase customer satisfaction and conversion by making payment options as local-friendly as possible across regions. Both WePay and Stripe offer support by way of email, live support and tickets. However, Stripe wins by a landslide in this category because it offers 24/7 live chat and phone support. Though Stripe allows for a decent amount of customization and flexibility with its products, it should be noted that Stripe designs with developers in mind.
You can choose from pre-made user interface components or customize everything yourself with access to the Stripe API. The platform doesn’t charge monthly fees, payment card industry, or PCI, compliance fees or minimum transaction fees, and it accepts a wide variety of payment options. In-person options are minimal, but it’s comparable to Stripe for a customizable online payment platform.
Those wondering how to start a payment processing company know that it’s impossible without a good payment gateway. The need for this tool is really high, but developing it from scratch is an impossible task for young startups. Fortunately, there is an alternative in the form of buying a white-label payment gateway. In this article, we will explore what a white-label gateway is, who it can be useful for, and how to choose the best solution available on the market.