The trick with a white label solution is that you do not really own it. In the general case, the payment solution provider controls most of the process. However, even such limited-control option works perfectly fine for small-to-medium-size merchants and startups. The advantage of a white label payment solution is that you do not have to spend time and resources developing a similar solution in-house from scratch. Instead, you can focus on your core products and services, improvement of customer experience, and attraction of new clients.
Another important factor to consider when choosing a payment gateway partner is their experience and expertise. Look for providers that have been in the industry for a long time and have a track record of successful projects. Now that you know what a white-label payment gateway is and it can benefit your organization, you must be wondering which vendor to choose. A personalized payment gateway will not only improve your brand’s reputation but will also help maintain a high ROI.
III. How Can Businesses Benefit from White Label Payment Gateways?
A white-label gateway is a gateway system that allows entrepreneurs or brands to process online payments using their brand name while using third-party services. We have the expertise and capability to provide the best-in-class payment infrastructure that supports a wide range of payment methods and streamlines risk management. To ensure a smooth white label bank payments experience for your customers, look for a payment platform that has a strong and long-term relationship with sponsors or acquiring banks. This will ensure that payments are swift and go through successfully, more often than not. So, when choosing a white-label service provider, make sure it caters to the businesses you work with .
Building a server infrastructure and completing a PCI DSS assessment to prove you’re able to process and store transactions details and cardholders’ data securely and prevent fraud. Alleviate the risks by flagging suspicious transactions, defining risk profiles per merchant, and connecting to third-party services via API. We significantly reduce the burden of development, IT, and infrastructure services costs, hosting and managing the platform for you. White label payment provider is a perfect way to enhance your offering and gain another source of income. We reduce the burden of development, IT, and infrastructure services costs, allowing you to focus on your core business. Customization options include color, font, shapes and brand logos, plus the option to use your business URL instead of Stripe’s so customers aren’t redirected during checkout.
VI. How to Choose the Right Payment Gateway Partner
In addition to the website, social media pages, apps, and other channels, a customized integrated payment gateway solution also helps improve your brand’s visibility to consumers. Customers tend to spend a significant amount of time on the payment page trying to figure out which method to use or entering the card details. This makes a white-label payment gateway that contains your brand’s logo, color theme, and other eccentricities a great way to ensure top-of-mind recall. Customers will subconsciously think about your brand when they want to buy the same product or something else listed on your website. A white-label payment gateway can be a great option if you’re running a business with several verticals, each of which complements the other. Connect multiple payment service providers and methods to minimise the effect of threats your business may face.
Watch this space for more updates as we roll out more features to accelerate financial product innovation. As always, connect with us below to learn more about how innovative card programs and scalable features can power your financial product or fintech program. We offer customisable payment pages, applying clients’ brands to them.
A. Payment processing services
This flexibility allows businesses to offer their customers a variety of payment options, while still maintaining control over the branding and user experience. Additionally, white label payment gateways often provide businesses with access to a range of payment processing tools and features, such as fraud prevention, chargeback management, and reporting and analytics. 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.
One of the primary benefits of white label payment gateways is that businesses can customize the branding and labeling of the payment gateway to match their own brand. This means that the payment gateway can be seamlessly integrated into the existing website or mobile app and maintain a consistent brand experience. This level of branding customization can help businesses build brand recognition and increase customer loyalty. Integrating banks, processors, online payment portals, and payment service providers to offer a competitive selection of payment methods, currencies, and tools to customers. Providing payment processing services to merchants requires your gateway to comply with a range of standards. For example, it takes time and money to get PCI compliance validation and undergo yearly audits to reaffirm it.
Boost your business with IXOPAY’s white label solution
So, a traditional third-party white label payment solution is fine until the need for serious modifications arises. Medium and, especially, large-sized (enterprise-level) companies tend to diversify their revenue sources and customer bases. So, they have some specific needs, such as support for particular geographies, currencies, payment types, as well as integrations with particular acquiring and processing platforms. Not every payment solution provider is willing to modify its white label product or service to meet all these diverse needs.
- The traffic routing system significantly increase acceptance rates and conversion.
- Get the optimal payment setup for your industry to ensure better payment experience for you customers and win over competitors.
- This can make your online business appear more streamlined and reliable.
- You can design a white-label product of your dream and solve all your problems in a few clicks.