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…
How to start a payment processing company. Part 1.
So you’ve decided to engage in the business of accepting online payments (to start a payment processing company). The demand for online payment acceptance and processing is growing steadily worldwide. The market is expanding thanks to the constant flow of commercial, non-profit and government organizations selling their goods and services online. Thus the market creates enough space for successful and profitable activity, not only for major payment processing companies, but also for beginners. It is especially true for emerging markets, while they are not yet occupied by major payment service providers.
While the motivation to create a payment service is no problem, there may appear quite a few questions on where to actually start a business of online payment acceptance and processing. Read more…
Financial statements in the beGateway white label payment platform
How does financial reporting module work in the white label payment platform? Look inside beGateway processing platform.
All companies that help online businesses receive money from customers over the Internet fall into two large groups: payment gateway and payment aggregators. Read more…
Transaction statistics in beGateway processing platform: features for a payment service provider
Accounting and reports are essential for any business; they arrange for sustainable development and success. Accounting allows you to be aware of the relevant data on the current state of affairs in the processing platform at any point. A report turns this data into information easy to read and understand.
Statistical reporting on the processed transactions is an important and indispensable tool for companies providing online payment accepting and processing services. Read more…
From merchants activation to transaction analysis. How to protect your business using simple rules and features of the payment processing platform?
Monitoring and controlling transactions of online merchants connected to a payment processing platform is an integral part of the daily routine of any payment service provider who cares about the safety of their business. And by this we don’t mean protection of online merchants from fraudulent payments which is also very important in itself.
We mean security measures undertaken by the company, for protection against intentional or unintentional actions of their online merchants that might cause minor or major troubles. Read more…
