In the case of payment gateways, it means that you can rebrand the checkout process so your customer doesn’t see the name of the payment software you used. A good recurring billing solution is able to manage customer subscriptions and payment plans in the best way. Important functions in this context include freezing, deferment, and various adjustments of payment plans. Advanced recurring billing functions include more flexible account balancing mechanisms as well as support of multiple payment plans and diverse payment options.

  • White label payment gateway providers offer payment processing services that allow businesses to process credit card payments quickly and efficiently.
  • As the world is shifting towards online payments, secure and fast transactions are a must-have.
  • Before we delve into how #white_label_payment_gateways work, it’s essential to define what they are.
  • A majority of white-label payment gateway providers have direct alliances with different acquiring banks and support multiple payment methods as well.

This has increased the competition, and using a white-label online payment gateway will give you the edge your business needs. As alluded to before, building your own gateway from scratch requires a large investment, and white label crypto payment gateway even then, there is a possibility that the end product is not fully functional or is already outdated. However, when you opt for a third-party solution, like the one offered by WLPayments, this issue can be addressed.

Additional considerations when selecting a payment gateway provider

The transaction information is then submitted to one of the credit card networks and routed to the issuing bank of the credit card holder where the transaction is either approved or declined. The response is then transmitted in reverse back to the payment gateway where it receives the response and notifies the merchant whether or not the transaction was approved or declined. Schedule a call with ProductFy’s team to learn more about credit builder cards,  white label debit cards and FinTech platforms,  and how you can launch your own white label banking products.

A white label payment gateway is a personalised form of payment solution that allows businesses to bring their brand into the picture while accepting payments online. In simple terms, you can add your company’s logo and customize the payment experience for easy brand recognition with a white label payment gateway. If you’re a merchant based in the UAE or the Middle East, PayTabs can be your next payment gateway provider. We are an innovative payment processing and fraud prevention company that aims to help their clients increase revenue and profits with the help of advanced technologies. Integrating our payment gateway into your website or app is straightforward and allows you to start scaling your e-commerce business instantly.

What reporting and analytics features are available with the White Label Payment Gateway?

So, you are free to use all of the supported forms of payment with your recurring subscriptions. While choosing your EMV payment terminal solution, keep in mind that SoftPOS technology is rapidly gaining popularity. Besides that, Android-powered terminals are easier to operate, if your main application is an Android-based one. UniPay Gateway solution, for example, supports several payment terminal solutions by Ingenico and Sunmi.

By choosing the right payment gateway partner, businesses can streamline their payment processes, improve their customer experience, and achieve long-term success in the competitive online market. It is recommended to conduct research and compare providers to find the best fit for your business needs, and to consider factors such as experience, technical support, and customized solutions. With a white label payment gateway, businesses can focus on their core operations and leave the payment processing to the experts. 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.

What do you need to consider when choosing a white-label company?

Customer credit card information is verified by a payment gateway using eCommerce-specific technology. Online retailers can only accept customer credit or debit card payments with a payment gateway. White-label payment variants offer a significant advantage of a speedy time-to-market. The duration of going live, depending on the branding, technology, and integration requirements, can take between a week to a month. In contrast, developing a compensation option on your own would take at least six months to start functioning. Payment gateways also come with a suite of value-added features that make managing a merchant’s transactions and business easier.

What is a white label payment gateway

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. The notion of payment gateways is acceptable; moreover, once the company has gone through the process, the owners have yet to learn how much time, effort, and money it will take to produce an original product. When you employ a white-label payment gateway, your customers get more loyal and trusting of your services. But on the other hand, many individuals will distrust or be disappointed if a payment option brings the customer to an unknown website.

Learn about a white label payment in just 5 minutes

So, no matter where your customers are from, they can make payments in their preferred currency and language. One example of a white-label payment option that supports multiple currencies and languages is Akurateco. This payment choice supports over 100 currencies and various payment methods, making it a versatile and convenient option for businesses looking to expand globally.

What is a white label payment gateway

Most businesses choose a third-party payment processor, while some prefer to construct their payment gateway in-house. 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. For instance, an independent sales organization resells bank-issued merchant service, card payment terminals, and an eCommerce shop.

HR Analytics Market Statistics, Growth Drivers, Upcoming Trends, Top Companies Share, Report 2023-2032

With the growing popularity of online shopping, the demand for white-label payment solutions grew exponentially. As a response, new technology vendors emerged turning the market into a highly competitive one. We’ve looked into the market leaders and are now ready to present the best white-label payment gateways you can choose from. In India, you need to specifically ask the payment gateway providers if they can build a white-label payment gateway for your business needs.

What is a white label payment gateway

Hence, choosing the correct payment gateway provider can be crucial for the success of your business. In today’s digital age, businesses of all sizes need to accept online payments to stay competitive and meet customer expectations. Payment gateways play a crucial role in enabling businesses to accept payments securely and efficiently. Payment gateways also provide businesses with access to a wide range of payment options, which can help increase sales and revenue. Although a white-label payment gateway has great possibilities for customization in feature development, new integrations, and branding, it is not a fully customizable option.

Benefits of Using a White Label Payment Gateway Solution

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. Newfangled vendors need a recompense gateway, a virtual portal where shoppers can securely punch in their payment info to execute transactions on their eCommerce sites. Enter white-label payment withdrawals, allowing businesses to jazz up their checkout process with their unique logos, names, and style components without starting from scratch. Plenty of white-label payment getaway providers now offer white-label checkout tools or open-source software. It gives developers the freedom to customize the checkout process to their heart’s content.

After integration, your white label payment gateway is customized to match your brand’s identity. This includes incorporating your company’s name, logo, and, in many cases, the overall look and feel of your brand’s website or application. Businesses can avail of this payment mechanism with their own brand identity without going through the additional hassle of designing, developing, testing, and launching their own gateway.

Time and effort

From all the options that are on the market, a white-label payment gateway can be rightly called the most affordable payment solution. It is because you pay for a ready-made service with advanced functions while not investing https://www.xcritical.com/ in its development and maintenance along the way. Most payment service providers offer checkout customization through the platform’s application programming interface, or API, which can require developer experience to use.