How will BIN-routing reduce cost for white label payment gateway tenants?
In the summer of 2018, the eComCharge team has enhanced its SaaS white label payment platform beGateway with another functionality. We have added BIN-routing – automatic routing of card transactions to the desired acquiring bank depending on the card BIN (Bank Identification Number). This functionality is part of SMART-routing which the team is planning to implement in the near future.
Thanks to the new functionality, the cost of Internet acquiring for the tenants of the white label payment gateway has decreased on average by 0.6%. It is because processing companies can now direct payment card transactions for processing to the acquiring banks for which these transactions are Intraregional, Domestic or even On-us. Read more…
Anti-fraud system for the white label payment solution beGateway
Today the White Label Payment Solution beGateway offers payment service providers three options of fraud protection: 3-D Secure, beGateway and minFraud (MaxMind) that are able to integrate with any other processing system.
1. 3-D Secure is the official payer verification technology, aka Verified by Visa, and MasterCard SecureCode.
2. MinFraud is a tool for detecting network fraud from the MaxMind company.
3. beProtected is a fraud protection and risk management system developed by the eComCharge team. beProtected can work with beGateway as well as any other payment gateway of the payment service provider if the latter requires fraud protection. Read more…
WEBIT FESTIVAL EUROPE 25-27 June 2018 Arena Armeec, Sofia
If you want to know more about White Label Payment Gateway or if you are looking for the business partner – join us at Webit Festival !
You can schedule a meeting with us during the event itself. Read more…
How many transactions per second should the white label payment gateway platform handle?
When you rent or buy a white label payment gateway, pay attention to such a critical feature as the throughput capacity of transactions.
The throughput capacity indicates how many transactions a payment gateway can process per unit of time (usually 1 second). Read more…
Join us at at the iFX EXPO 2018
If you need a White Label Payment Gateway or a business partner join us at the iFX EXPO,Cyprus.
You can schedule a meeting with us during the event itself. Read more…
How long does it take to install, configure, and launch the white label payment gateway for the payment service provider? How to accelerate it.
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. Read more…
How to start a payment processing company? Part 4. Administrative and organizational matters
Providing services for online payment acceptance is a serious and responsible business. And it should be treated accordingly.
No matter what business model you choose, you are always financially liable to your acquiring partners for merchants transactions processed by your payment company. Read more…
White label payment gateway solution. Receiving Internet payments for a traditional retailer. Not a traditional approach.
Why does a traditional retailer need a white label payment gateway solution? Traditional trade has been experiencing increasing pressure from electronic trade competition for years. Simplicity and convenience of online shopping causes the fact that more and more goods which were previously purchased by an average buyer during an obligatory daily trip to a supermarket, are now bought via the Internet.
Traditional retailers, who have for decades felt secure and confident, now feel threatened by a new generation of Internet traders and certainly do not want to passively watch the latter bite off more and more from their pie. Read more…
Processing 200 transactions per second and system uptime at 99.999%. Where can I get a payment gateway software for my payment business? Part 3.
In the two previous articles, we analyzed the business model of the payment business and payment tools that a company can offer their online merchants to accept. Today, let’s talk about the processing system (aka the processing platform, or payment gateway software) which is the technical core of the payment service provider.
This article will Read more…
How to start a payment processing company Part 2. What is the best business model?
How to start a payment processing company? There are two basic models of online payment acceptance services.
1. Under the first model, you deal with purely technical issues of Internet payments: Read more…
