What Is White Label Payment Gateway & How Does It Work?

With the white label payment processing, you can have cross-promoting the products throughout various platforms. The positive reputation will play a vital role when it comes to the digital climate. Having such reputation management, social marketing is the next big thing that enhances traffic. Because the audience will enhance the reputation of the company by providing positive feedbacks and following the recent updates about the particular company. White-label payment gateway is out-of-the-box branded payment software with the latest technologies and multiple integrated payment providers. You can rent it from a vendor on a subscription basis and use it as your own software.

Instead, it is a standardized payment solution with modern technologies that will cover most of your PSP needs. Therefore, you cannot change the code or gateway’s design or make additional development yourself. The number and type of payment integrations vary from one payment provider to another. For instance, Akurateco offers 200+ https://www.xcritical.com/blog/white-label-payment-gateway-benefits-and-drawbacks/ payment connectors via one integration to the platform. 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 in its development and maintenance along the way.

Might need a separate processor for in-person options

Also, White Label Solutions can integrate with third party Fraud and KYC Solutions to strengthen the protection. Besides, different fraud solutions offered by white label partners often employ machine learning algorithms, which makes fraud detection more efficient, while ensuring a seamless payment experience. Make certain https://www.xcritical.com/ that the white-label payment gateway you pick has enough customization options that can match your brand identity, and help you create a smooth user experience. You should look for highlights such as customizable payment pages, checkout flows, and email templates that you can customize as per your business requirements.

• When it comes to payment processing, traditional solvents offer a one-size-fits-all approach, leaving little room for customization.
• However, when you opt for a third-party solution, like the one offered by CelerisPay, this issue can be addressed.
• This allows businesses to stand out in a sea of competitors and create a memorable payment experience for their customers in numerous countries.
• Though it may take developer experience to take full advantage of the tools, Stripe can be completely branded to match your website.
• Plenty of the business owners are allured by the idea of integrating the payments into their software or apps.
• White label payment gateways are provided by payment service providers, which handle the payment transactions on behalf of the business.

With customized payment pages and checkout processes, businesses can improve the overall payment experience, leading to higher customer satisfaction and increased sales. 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.

Can improve brand consistency

The Clear service helps businesses integrate WePay into their websites and checkouts without redirecting customers. You can either build your own checkout form or customize existing templates, enabling you to have your brand colors and logo appear seamlessly throughout the payment process. White-label payment gateways are designed with security and compliance at their core. They employ advanced encryption technologies, fraud detection mechanisms, and other security features to safeguard customer data.

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. Traditional withdrawals securely send your payment card data to a payment processor for authorization whenever you make a purchase online or swipe your card. The transaction info is then sent to credit card networks, which forward it to your bank.

b. Fully customizable

If anything goes wrong, the payment gateway will take responsibility and work on solving the issues or updating the service. They will also offer dedicated support and welcome feedback to enhance their service. At WLPayments, we ensure our payment partners have access to all payment data through a platform or API. Before you leave, grab our free whitepaper and discover how switching to a white-label payment gateway can benefit your business. Now that we have covered the main benefits of a white-label payment gateway let’s move on to its drawbacks.

Payment page customization can also help businesses increase their conversion rates by providing a seamless checkout experience. A white-label payment gateway company provides a payment processing solution allowing businesses to process payments under their brand name. This means that the payment gateway provider handles the back-end processing while the business can offer a seamless payment experience to their customers under their brand. This financial technology enables businesses to brand the payment experience with their logos, colors, and other design elements. This helps businesses create a cohesive brand identity and deliver a memorable payment experience for their customers.