White Label Payment Gateway Solution: A Complete Guide

Payment Gateway

Introduction

A white label payment gateway is a service that allows you to accept credit cards and other forms of electronic payments. There are many different kinds of white label payment gateways, each designed for specific industries or businesses. In this guide, we’ll cover the basics of what a white label payment gateway is, why it’s so important for your business, and how easy it is to implement one in your own organisation.

What is a White Label Payment Gateway Solution?

A white label payment gateway is a payment processing service that allows you to create customised products and services. This gives you the ability to brand your platform, offer customised features, and provide a tailored experience for your customers.

How does it work?

A white label payment gateway provides you with the tools needed to build your own payment system. You can customise how it looks and how people interact with it so that it fits within your existing website or mobile app. You can also add additional functionality, such as loyalty programs or coupons if needed.

Why should you use a White Label Payment Gateway Solution?

White label payment gateways are great for a variety of reasons, but especially because they allow you to customise your payment gateway. This implies you can change the

  • Branding, 
  • Fees, 
  • Customer experience and 
  • User interface in order to match your brand perfectly. It’s all about control!

Who Can Use a White Label Payment Gateway Solution?

All industries and businesses can benefit from a white label payment gateway.

The following are a few of the most common:

  • Retail and eCommerce—use it to accept payments from customers at your online store or brick-and-mortar business.
  • Enterprise B2B—accept payments for invoices, bills, subscriptions and more.
  • Healthcare, travel and hospitality—transact with customers who need to pay for health care services, travel packages or hotel stays.
  • Education—accept tuition payments from students at universities or colleges.
  • Government—pay city taxes using the integrated tax module in our white label payment gateway software solution.

Advantages of White Label Payment Gateway Solutions

White-label payment gateways are hidden from clients.

Your customers will have no idea that you’re using a white-label payment gateway. They’ll just be able to pay using the payment gateway’s brand, and that’s it. In fact, your customers won’t even know that you’re using a payment gateway at all! On their credit card statements, they’ll see “payment gateway’s brand name” instead of your business name or website address (and unless they recognise these names right away, most people won’t).

On top of that, your customers won’t see any mention of you when they get their receipts either—instead, they’ll see “payment gateway’s brand name” The advantage here is twofold: Firstly, this keeps things simple for everyone involved (your customers don’t have to worry about anything other than making their purchase), and secondly, because this means less work for you in terms of customer support (you don’t have to field calls from confused shoppers wondering why they’re seeing different names on their receipts).

  • No Upfront Cost

You don’t have to pay for upfront costs.

People’s first thought when they hear the phrase “white label payment gateway” is that it will cost them money, but this is not the case. You can start using the white label payment gateway immediately, and there’s no need for you to pay for any setup costs or ongoing costs like maintenance fees.

  • No lifetime costs

While you will have to pay a one-time fee for the gateway, you will never have to pay any additional fees. You won’t have to pay any additional fees over the lifetime of your website, and you won’t have to worry about paying any additional merchant account fees either.

White-label payment gateway technology is free

  • You don’t have to spend a dime.
  • There are no fees or upfront costs associated with setting up your own white label payment gateway and using it on your site.
  • It’s free to set up, free to use, and free to maintain; there are no hidden costs involved in hosting or maintaining this type of system (unlike some other solutions). And if you want your users to be able to pay with cards from other providers like MasterCard, American Express, or Visa, that’s also included!
  • If you’d rather not use the software provided by us, we can offer a custom version where you choose which features work best for your business and brand. This lets us work closely together so we can create something truly bespoke just for you!

You can track customer conversions.

A white label payment gateway will make it easier for you to track the conversion rates of your customers and clients. You can use this information to make changes to your website or marketing strategy if needed, which will help increase the number of conversions and sales on your site.

If you don’t have a white label payment gateway installed on your website, then there’s a good chance that you’re losing out on a lot of potential customers who aren’t buying from you because they don’t trust the security of their information being stored by other companies.

The white-label payment gateway will speed up your site’s load time.

One of the biggest advantages of using a white-label payment gateway is that it can save you time, money, and headaches. By using this third-party solution, you don’t have to worry about maintaining your site’s security or those pesky updates that often come with running your own code.

Another advantage is that white-labelled payment gateways are optimised for speed and security. That means if your site loads faster, users will be more likely to stay on it longer—which could mean better conversions!

Your white label payment portal reflects any website modifications.

You can also make changes to your white label payment gateway and the changes will be automatically reflected on your website. This can be quite useful if you want to keep your website up-to-date.

For example, if you have a news article on your website about a new product that you are selling, then with our white label payment gateway system, all you need to do is add an image of this product and it will appear immediately on your payment portal (and vice versa).

Your clients and customers will love how easy it is to send payments on your website.

Your clients and customers will love how easy it is to send payments on your website.

With the white-labelled payment gateway, you don’t have to worry about building a payment system from scratch or worrying about the security of sensitive customer information. Your clients and customers can trust that their sensitive information will be safe with our payment gateway.

What should you consider while choosing a White Label Payment Gateway Solution?

1)A Reliable and Efficient Support System

As insignificant as it may appear, receiving timely and real-time support from your white label payment gateway provider is critical. A continuous and efficient support system makes it simple to discover possible sources of system downtime and other problems before they become severe. The corporation should never abandon its clients without a support mechanism.

2) Scalability

Every company aspires to grow bigger and better in the future. As a result, all systems, automated or manual, should be designed for scalability. In essence, your white label payment gateway must be able to handle your business expansion as it occurs. Your payment gateway must be easy, fast, and capable of handling a large volume of transactions without sacrificing efficiency. All white label payment gateway solutions should be designed with business development in mind, so you don’t have to switch service providers as your company grows.

3)Safety

Given the high likelihood of fraud, any payment gateway must ensure safety. Customer data protection, anti-fraud modules, data monitoring, and risk tracking are some of the features to look for when choosing a payment gateway provider.

4)Individuality and personalization

If you don’t have control over a white label payment gateway, it’s not yours. As a result, when choosing one for your company, it should be a system that is simple enough for you to control and utilise without calling for assistance. The payment gateway should be an extension of your brand.

5)Support for Multiple Currencies

When selecting a white-label payment gateway, aspects to consider include the capacity to support numerous currencies, international transactions, and speedy automated onboarding.

How can you get a White Label Payment Gateway Solution and How long does it take to implement the Solutions?

In India, you need to ask the payment gateway providers directly if they can build a white-label payment gateway for your business.

Payomatix for Business will save you from having to look hard for a payment solution like this. Our white-label payment solutions can help you.

The time required to implement a white label payment gateway depends on the complexity of the integration and configuration. In some cases, it can take as little as one day to get an integration up and running.

The cost of implementing a white label payment gateway varies depending on the features you require, but typically costs less than $10,000.

Once implemented, you pay a fee per transaction processed by your gateway (usually less than 2%). If you set up direct connections with multiple card processors then this fee is shared across them so that your overall cost per transaction remains low.

In addition to the cost of implementation and transaction fees, you also need to factor in other costs associated with running your business such as personnel and infrastructure

Why Choose Payomatix for Your Next White Label Payment Gateway Solution?

  • Readymade Solution: Our readymade solution has everything you need to get started in no time. With our ready-made solution, you can quickly launch your own white-labelled payment gateway.
  • Efficient and Effective: We are aware of the time and resources needed to set up a payment gateway. Because of this, we have developed a ready-made solution that enables you to begin receiving payments from anywhere in the world in just a few minutes!
  • Easy Interface: Payomatix makes it easy for owners to keep track of their sales and profits with an easy-to-use dashboard.

Updates and maintenance will always be free (for as long as you use our service): Payomatix will take care of all updates. Updates to the gateway are done automatically and in real-time, so you don’t have to worry about downtime or manual updates. If a security threat arises, your payments will be secure from the get-go. With our solution, you’ll always have the latest version of your payment gateway available for use!

FAQ

Q1) How are White Label Payment Gateway Solutions different from traditional payment solutions?

Ans) Traditional payment solutions are made by in-house developers who have full control over development, adding new features, etc. while White-label payment solutions are a fully – integrated package for merchants that gives them access to all reports and billing information.

Q2) What is the cost of setting up the white label payment gateway?

Ans) The final price will depend on which payment gateway you choose. You should get in touch with us about our white label payment solution and talk about how much it will cost.

Q3) Is it profitable to work as a white label payment processor?

Ans) White-labelling a payment gateway is an extremely beneficial decision for your company because it enables you to expand the reach of your brand and cultivate a dedicated consumer following.

Q4) Can I create my own white label payment gateway?

Ans) Developing a payment solution in-house costs a lot of money, which most businesses can’t afford. So, it makes sense to use payment gateways run by third parties.

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