WePay vs Stripe: Which Is Right for Your Business?

Traditional banks usually use PSP services to reduce system load and channel financial flows. However, nothing prevents the bank from creating its own affiliated PSP, which will operate white label crypto payment gateway the white-label payment gateway. This will allow the bank to effectively service online payments without worrying about the security of working with a third-party company and saving on fees.

Who will benefit from white label payment gateways?

There are many options for payment service providers, so be sure to continue your search if you’re not completely sold on these services. Stripe Connect is targeted toward larger payment platforms, like Kickstarter. With Stripe Connect, you can process over 100 types of currencies and complete transactions in over 30 different countries. Connect offers a highly customizable experience for your customers, where you can control signup, onboarding and payout timing and get financial reporting. You can choose from pre-made user interface components or customize everything yourself with access to the Stripe API. Our clients are PSPs that are looking to start their business or move from an old to a https://www.xcritical.com/ new platform, as well as banks, that need software to manage merchants efficiently.

Do you also offer acquiring/payment processing services?

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. PayPipes is another company offering a white-label payment gateway platform for PSPs and acquirers.

Who Needs White-Label Payment Gateways and How to Get Them? 🛍️

A full-fledged core and business software for processing companies providing high-tech solutions for modern acquirers. Saved cards can be used for embedded tokenization, one-click payments, MIT payments, and for processing refunds. Marketplaces may identify their transactions based on the region or product category of their sub-merchants according to the payment system requirements.

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

• These added features can be fraud detection, recurring billing, tokenization, PCI compliance, and more.
• Empowering merchants with the ability to dynamically create descriptors for each payment.
• Our white-label merchant services provide businesses with a fully customizable payment system equipped with multiple payment methods and cutting-edge technologies – all under your brand.
• Having your own white-label gateway platform eliminates this dependency and significantly reduces processing costs.
• All this inevitably leads to your solution looking more attractive from the outset in the eyes of ordinary customers.

DECTA is a trustworthy partner that provides an advanced solution to meet our needs. Having a ready-made product with the latest technologies increases the speed of the launch. We are happy with our collaboration with DECTA and looking forward to working closely together on more projects.

How to choose a white label payment gateway?

Corefy is a universal feature-rich payment orchestration platform for online businesses and payment institutions. We integrate payment providers and acquirers all around the world to bring a unified communication, control, and management interface. Corefy equips you with a whole set of intelligent payment processing tools helping to ensure maximum performance of your operations. Our clients have witnessed up to 40% increase in conversion rates after implementing these capabilities. As a relatively young company, we are looking for solutions that are quick, effective, and offer an immediate advantage. The integration of DECTA Payment Gateway proved super-helpful in supporting our reputation as a reliable payment service provider, as well as helping coordinate our internal business processes.

Offers plenty of tools and interfaces

Explore how early-stage payment service providers can gain market traction in today’s payments space in the latest article by Dwayne Gefferie. Having a dedicated team of payment experts might be crucial for a smooth partnership. With a focus on timely delivery, we use our in-depth knowledge and powerful technology to ensure a delightful customer experience from day one. We are a white-label payment gateway vendor that allows monitoring your and your merchants’ business performance in real-time with simple dashboards.

That is, you almost completely reduce your capital expenses and leave only operational ones. In addition, there is a group of white-label gateways that have an orchestrator model. Their main feature is that they have many ready integrations with various acquirers and PSPs.

With other PSPs, like PayPal, you see their branding during the checkout process. White-label payments allow for you to input your own branding at the checkout screen, offering customers a seamless shopping experience with your store. WePay advertises Clear as “a white-label solution to power your payments business.” WePay Clear helps to create a seamless branding and shopping experience. However, while you can use your own branding visuals, the term “Powered by WePay” will be visible to customers.

BlueSnap is a technology company that provides white label merchant services. Online businesses need a payment gateway, a portal where customers can securely enter their payment information to process transactions on their websites. Many payment processors now have white-label checkout tools or open software for developers to fully customize the checkout process, and some companies make products solely for white-label use.

Our optimal payment gateway is designed for both custom-built mobile apps and template-based websites. A key benefit of white labelling solutions is brand consistency across channels to strengthen recognition. Diving deep into research and comparisons among various providers can steer you towards a gateway solution that’s tailored to your business’s unique needs. Remember, your chosen provider should not only satisfy your current requirements but also have the flexibility to adapt to future changes and growth.

It includes the cost of equipment and licenses to work in the fintech industry. Buying a white-label online payment gateway has a number of undeniable advantages. They also offer virtual terminal abilities allowing credit card info to be input directly in a webpage form, which can then be submitted for a transaction. 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. That means that if you’re not the most tech-savvy business owner, there might be limitations to how you’ll be able to use Stripe’s API and subsequent tools.

The payment page can be branded with the payment gateway’s style, alternatively each merchant can brand it according to their own preferences. Merchants which are not PCI DSS certified can place a JavaScript payment widget on their page. This widget is fully customizable and integrates smoothly into the checkout interface on the merchant’s side. Once a customer makes their first payment on your website, it replaces their card number in our system with a unique identifier known as a token.

Due to this, your system will not be unique among competitors, making distinguishing yourself from competitors a demanding task. As a rule, e-commerce merchants use one of the above-mentioned categories when they need a payment gateway. However, when the business gets big enough it can be inconvenient because the merchant is dependent on PSPs or other solution providers. Having your own white-label gateway platform eliminates this dependency and significantly reduces processing costs.

Allows merchants to swipe cards or key in payment details from a browser for phone and mail orders. Ensure cardholder data is never exposed during a payment transaction with P2PE, the most secure and effective encryption solution available. Conquer new markets and unlock opportunities by converting small-medium merchants. Provide them with a self-service omnichannel commerce mobile app that enables an enterprise-grade all-in-one business solution.

Manage payout delays and monitor commissions, income, and reimbursements for merchants in real time. Launch and take full control over your acquiring bank, PSP, or payment gateway functionality with a brandable on‑premises platform that covers all your and your merchants’ business needs. Our back office solution simplifies the onboarding and management of multiple businesses, addressing challenges that extend beyond mere payment processing. It’s paramount to work with a provider who can swiftly swoop in to address and rectify any hiccups during the transition phase. Remember, the integration of your white-label payment gateway should be a breeze, not a burden, making your e-commerce platform more efficient and user-friendly.

As we said earlier, a good white-label payment gateway solution implies the possibility of customization to your business needs. In many cases, buying a white-label solution can mean that you get a finished product without the ability to add any features. If you need to add a rare function, choose a software vendor that provides the ability to customize the solution. White-label payment gateways significantly reduce the time it takes to enter the market and start full-fledged operations. Buying such a solution, you will need at most a couple of months for customization, fine-tuning, and subsequent deployment. In the case of developing your own solution, you will definitely spend more than a year creating a minimal viable product.