White labeling is the practice of rebranding a product or service under the name of another firm. Customers may pay via a third-party gateway while utilizing the company’s brand name when employing a white-label payment gateway from a third party. Customers want to avoid paying through their digital wallets on an insecure payment platform. The rising need for increasing brand value under one roof is driven by consumers’ desire for a one-stop payment solution for various goods and services. A payment gateway is a software that enables merchants to accept credit and debit card payments online.
White label payment gateway providers offer payment processing services that allow businesses to process credit card payments quickly and efficiently. These services enable businesses to accept payments from various credit card companies, such as Visa, Mastercard, and American Express, and in different currencies. Payment processing services also ensure that businesses are PCI compliant and adhere to the latest security standards.
D. Third-party services integration
It’s essentially a third-party provider that processes payments on behalf of the business and takes a small fee in return. White label payment gateways provide businesses with access to multiple payment processing services. This ensures that customers have a range of payment options to choose from, including credit and debit cards, bank transfers, and other digital payment methods. With a variety of payment processing services, businesses can easily cater to the payment preferences of their customers.
More to that, Spell can unite the white label payment gateway with an e-wallet within one platform, saving clients the need to collaborate with multiple vendors and partners. You just take the readymade white label solution, put your logo and brand name on it, configure it, and become the gateway provider for your customers . White label payment gateway is a ready-made solution that allows businesses or brands to start processing payments under their own brand using the third-party technical infrastructure.
- When it comes to making online transfers they have even more questions related to their safety and pleasant experience.
- You just take the readymade white label solution, put your logo and brand name on it, configure it, and become the gateway provider for your customers .
- You can own the end-to-end ready-to-use, PCI DSS gateway without unnecessary development costs or labor.
- Unicorn Payment is one of the leading turnkey payment gateway solutions in the industry.
- Connect multiple payment service providers and methods to minimise the effect of threats your business may face.
One of the most important things to consider before you choose a white-label payment partner is the level of customization it offers. This is crucial because you’ll need to have full control over the branding. So check what customizations are available with respect white label payment gateway to using your brand logo, color scheme, font, etc. PCI compliance besides implementing various fraud prevention and protection measures. With white labeling, an ISV can rest easy knowing that these aspects are already taken care of by their payment partner.
Partner with a trusted, global payments leader
Once a payment system provider approves the application, a merchant receives a payment gateway, the software that allows accepting payments online. A high-risk merchant account is a must for all the high-risk merchants who are willing to accept payments online. To find out whether your business is high-risk, see the list of high-risk industries below. These solutions are customizable, allowing businesses to add their branding and customize the payment pages to match their website. Payment gateway solutions also come with features such as real-time reporting, fraud prevention, and recurring billing options.
In just a few days, you can create a fully-functioning online bank. Crassula Banking can help you launch your own banking and e-wallet, or seamlessly integrate FinTech solutions into your product. Telecoms, retailers, crowdfunding companies and other entities that wish to open financial accounts.
A. Definition of white label payment gateways
White label payment gateways, without a doubt, provide a plethora of benefits to a wide range of companies. Additionally, it allows businesses to stand out from the crowd and provide consumers with easy payment options. One of the keys to a company’s or brand’s success and development is finding the right payment gateway partner. The concept of incorporating payments into software or applications appeals to many business owners. It’s a way for all parties to manage online payments securely while also extending their client base on a national or international scale.
In the meantime, your customers will perceive the system as your own. It will have your company logo, colors, and other corporate-style indicators. Among parties involved in online payment processing are a customer, a payment processor, a merchant , a payment system like Akurateco, an issuing and an acquiring bank, and a credit card company.
A white label payment gateway is the payment gateway system allowing the business owner or the brand to process the online payments using their official name via third party services. Here, the companies can put the logo on the customized solution. A better option all-around is to partner with a trusted white label provider.
