When someone else is responsible for your entire payments infrastructure, you need them to be available whenever you or your customers run into an issue. To that end, make sure your white-label payment processing partner offers excellent customer support round the clock, including the ability to speak with a live person who can provide assistance in real time. White-label payment service providers generally go to great lengths to ensure security and compliance.

what is a payment label

We constantly analyse the changes in the regulatory environment to ensure compliance across all major markets. All data we process is securely stored on our servers, located in carefully watched over and protected data centers. Cloudflare helps us mitigate DDoS attacks of all forms and sizes and enhances the security of our platform. You don’t have to pay for equipment, licenses, audits, etc. and waste your resources on things that may not work or go wrong. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Talk to us to find out more about embedded finance or our other white-label solutions.

Learn about a white label payment in just 5 minutes

This way the system redirects the customer to a payment page on the processor’s side. Payment processing, in its essence, is a process or a payment flow that occurs right after the customer clicks “Pay Now”. Thus, the main payment processing goal is to facilitate all the necessary steps to authenticate and verify a transaction and then transfer the funds from the customer’s to the merchant’s account. Understanding that security is one of the key requirements when it comes to online payments, we always seek to comply with the latest industry standards and adopt the most advanced security technologies.

With Productfy, developers can configure in hours, integrate in days, and go from idea to full stack deployment in as little as 3 weeks. Invented in 1950, they became especially popular in the mid-1990s. At about that time, the magnetic stripe started to be replaced by a microprocessor chip.

  • However, one thing that most companies often overlook is their payment gateways.
  • These services can include customer relationship management systems, accounting software, and other business management tools.
  • With technical support and maintenance services, businesses can quickly resolve any payment processing issues that arise, minimizing downtime and ensuring that payments are processed smoothly.
  • The first step to implementing white-label payment processing is to find the right payment tech partner.

We’ve used our 16+ years of experience in the payment experience to create a truly outstanding piece of software. To see what the system has to offer, don’t hesitate to apply for a free Demo here. Analyze the size of your client base, average sales volume you need processed every month, and the speed of market growth. Thus, if you’re running a seven-figure business, then developing your own payment gateway can be an option. You’ll save on commissions and will be able to manage all of the transaction flow from within the company.

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In summary, white label payment gateways provide businesses with a cost-effective solution for processing payments and enhancing customer trust and satisfaction. The key features of white label payment gateways, such as support for multiple payment processing services, various currencies, PCI compliance, and technical support, further add to their benefits. Payment gateway solutions have become a necessity for businesses of all sizes.

This can help you increase customer loyalty and uniquely respond to every client’s needs. The implementation of these kinds of payment systems always represents a significant effort. A third method for setting up a new payment system or upgrading an existing one is also available. It is a white label-based approach developed by the companies making up the White Label Alliance .

V. Payment Services and Solutions Offered by White Label Payment Gateway Providers

The term “white label” refers to the fact that the payment gateway is fully customizable and can be branded with the business’s logo and design. White label payment gateways are provided by payment service providers, which handle the payment transactions on behalf of the business. This flexibility allows businesses to offer their customers a variety of payment options, while still maintaining control over the branding and user experience.

what is a payment label

One such payment solution that is gaining popularity among businesses is the white label payment gateway. In this article, we will explore what white label payment gateways are, their benefits, how they work, and their future. White label payment gateways provide businesses with access to multiple payment processing services. This ensures that customers have a range of payment options to choose from, white label payment gateway including credit and debit cards, bank transfers, and other digital payment methods. With a variety of payment processing services, businesses can easily cater to the payment preferences of their customers. By choosing the right payment gateway partner, businesses can streamline their payment processes, improve their customer experience, and achieve long-term success in the competitive online market.

what is a payment label

The company also uses its know-how for customized applications, such as loyalty and access control. In addition to the international EMV standard, there are a range of national, regional and private specifications related to setting up payment systems to be used at the POS or in the internet. For example, in Germany there is the SECCOS standard, which is specified by the German Central Credit Card Committee . The Internet of Things is the largest machine ever built by mankind and trusted connectivity for mobile devices is a prerequisite for securing the Internet of Things. With a wealth of experience and leading SIM technology, G+D is a reliable partner and pioneer for providing secure connectivity. They’re beneficial for a variety of businesses and can help one skyrocket his revenue with top-of-the-class functionality.

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