payment service provider business
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.
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.
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
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:
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.
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.
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.
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.
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.
3 popular integration options with white label payment processing software
When arranging for any business to accept payments over the Internet (all administrative matters settled, customer questionnaire filled out, all required documents provided, and a contract for rendering payment services signed), there comes the final step – launching technical interaction between an online store, a website or a mobile application and a payment service provider’s processing system (i.e. your rented payment processing software).
This is what programmers call integrating an online merchant’s resource with a processing system. And those who are no IT professionals simply call “adding a PAY button”.
