On October 5, 2021, eComCharge successfully completed certification and acquired the status of a Visa token requestor in CEMEA. Since May 2020, eComCharge has officially been a member of the global Visa Digital Enablement Program (VDEP).
Payment service providers who lease the beGateway payment platform are already able to use the global token from Visa when working with acquiring banks that participate in the Visa Digital Enablement Program (VDEP).
If you are a payment service provider who rents the beGateway white label payment platform for payment accepting and processing under your own brand, you are most interested in the platform’s functionality. Today we want to talk about SDKs (Software Development Kit) for Android and iOS for accepting payments in sellers’ mobile apps.
Why do we need mobile SDKs for Android and iOS?
The beGateway payment gateway developer officially joined Hi-Tech Park Belarus on October 3, 2019.
Being a resident of the Republic of Belarus and having worked with foreign customers for 14 years, HTP residency is a logical step for the company to strengthen and develop its business.
eComCharge developers released a new payment widget for the white label payment processing platform beGateway with the ability to pass 3-D Secure check in the widget. Here are the advantages beGateway tenants and their clients gained.
A payment widget is a payment form opened on the website in an iframe to keep a visual contact of the online buyer with the website on which they pay for a product or service, without redirection to the page of the electronic payment processor.
White Label Payment Gateway feature: simple integration of merchants to the payment service via the payment module
In the early 2000s, connecting a website to a payment service provider usually required certain programming skills from merchants. Back then, the merchants hired programmers to tackle the program code that was supposed to link the online store and the processing system (through which the merchant intended to accept payments from their customers). Today everything has changed. For the merchant to connect quickly to your processing system, he just need to download a payment module for his shopping cart from your Github.
eComCharge (beGateway) partners with most of the popular online shopping carts for simple integration yours merchants with beGateway white label payment gateway.
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.
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.
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).
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.
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.