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…
Transaction types when dealing with bank payment cards in beGateway
Today we will continue talking about the possibilities of beGateway, the White Label payment platform for Internet payments accepting and processing created by eComCharge company. Let’s look at the transaction types and the opportunities that a payment service provider, given their processing system is based on beGateway, can offer their Internet merchants in terms of accepting payments by bank cards.
Why bank cards? Firstly, because it is the most popular means of payment in online stores. Read more…
Own processing system for the Gaming business or merchant account in the acquiring bank? Let’s discuss!
Own processing system for the Gaming business or simply merchant account with the acquiring bank? Consider: which holds more value?
If you already manage large growing business, is it likely that you would be more interested in renting a software platform to accept payments both on bank cards and through alternative payment systems? Or even buy software to accept payments with codes. Read more…
Payment gateway software: tokenization as card data security
Today it is hard to imagine payment gateway software without tokenization. Honestly, we don’t know who and when invented what payment service providers and e-merchants now call “token” when speaking of accepting payments by bank cards via the Internet. But we are confident that the task entrusted to that person or group of persons, sounded like this:
“Find a way of providing Internet-based merchants with the ability to write off arbitrary amounts from their buyer’s bank payment cards, without asking to re-enter the card number and other details whenever needed.” Read more…
How to reduce costs for payment processing system software developing?
Any company strives to increase their profits. This is the rule of business. Payment service providers are no exception and constantly think how to reduce costs effectively for payment processing system software developing and support.
However, the payment acceptance and processing industry has its own peculiarities. Read more…
“One Click Payment” technology for your merchants
What annoys buyers most of all while shopping online? It is having to get up from the sofa to get the wallet, take out the credit card and get back to the sofa to complete the purchase. And then to get up again to put the card back because we seem to use credit cards offline more often than on the Internet.
Of course, one could go looking for the wallet with the tablet. Or bring the wallet to the sofa before going shopping online. But one must admit it is not very convenient, especially in case of an impulse buy. Read more…
