To handle online payments for merchants, modern processing companies need a modern payment gateway with a satisfactory set of functionalities. It can either be developed independently, which means hiring a team of developers, investing a couple of thousands of hundreds of euros and spending at least one year on the simplest version development. You can also buy a ready-made processing system. Or, rent a white label payment gateway with technical support and subsequent purchasing of the code, which is the least costly and sometimes the most advantageous solution for most payment companies.
If you opt for renting or buying a ready-made payment gateway as a White Label Solution, let’s talk about the launch time of its commercial operation.
How long does it take to install, configure, and launch the payment transaction processing system for the payment service provider? It depends on a number of factors:
1. First of all, on the abilities of the processing system (payment gateway), i.e. what opportunities it offers to the payment service provider, the Internet merchants it services, and their buyers. There is a direct correlation here: the more features and options the processing system software offers, the more modules it consists of and therefore the more time it takes the technical specialists to prepare Web servers, to install, configure and test all functions.
2. The processing system of each payment company is so to say a craftwork product made to order: from branding and customizing of the user interface, to the set of payment tools the payment service provider offers to their merchants, and to the number of supported acquiring partners to cooperate with. Such adjustment of the system for online payment accepting and processing to meet the needs and requirements of a particular payment service provider may take some time.
For example, the integration of the white-label payment gateway with a new acquiring bank or a payment operator can take several weeks to several months, depending on the complexity of integration, the acquirer API and the programmers’ qualification.
3. It is also important where the software of the white label payment gateway is physically installed.
It usually takes more time, if it is a special technical site directly owned by the payment service provider. Because almost all the work on the preparation of Web servers, installation and configuration of the processing system is done manually.
If the customized copy of the white label payment gateway is deployed in the virtual cloud environment of the development company (for instance, eComCharge), the configuration goes faster. It is due to the fact that most procedures and actions are automated, which accelerates the process significantly.
Among the clients of eComCharge (tenants of the payment gateway beGateway as White Label Solution) there are both those who preferred to install the processing system on their own web servers, and those who decided to deploy a customized copy of the payment gateway in eComCharge cloud.
Based on our experience, it takes on average 1 month to install, set up and launch a copy of the processing system on the client’s Web servers, if the client is quite satisfied with beGateway as it is at the time of signing the lease or sale agreement, and if there is no need to add new functionality or to integrate with a new acquiring bank. It takes 3 to 5 days to launch a similar processing system in our cloud (again, if the payment gateway beGateway meets the requests of our new client).
It is worth mentioning that when we add a new function or integrate a new acquiring bank with beGateway, it is accessible both to existing clients, and for all future users of the platform beGateway.
Today, the white label payment gateway beGateway is integrated with acquiring banks from Latvia, Great Britain, the USA, Germany, the Netherlands, Russia, Ireland, Mauritius, Belarus and others. Moreover, it accepts and processes various e-wallets in addition to bank cards, if connected with our second platform beConnected.
From a functional point of view, the white label payment gateway beGateway is capable of everything a processing system of a modern online payment service provider should be.
The desire to automate everything that can be automated, the SaaS solution, plus the introduction of new functionality if requested by the client, allow us to minimize the time to prepare, configure and launch the system for payment acceptance and processing for tenants of White Label Payment Gateway.