The payment gateway provider hasn’t forgotten its roots, with its small business packages ideal for those getting their online business off the ground. Transaction fees are lower for European cards (1.4% + 20p) than non-European (2.9% + 20p), so it will cost you more to deliver to other continents. It should be noted that the latter costs are actually similar to WorldPay’s normal UK-based transaction fees anyway. With variable transaction fees, this payment gateway is nice and budget-friendly for small business merchants.
Establishing a positive white label relationship could serve as a savvy exit strategy as you might be able to sell your company to the brand that’s white labelling your platform. As a white label provider, you can rely on your partner to create a steady cash flow for your business, which you can then direct towards further growth. Co-branding is a strategic marketing and advertising relationship between two brands. Software companies, such as Objective, develop white label software for customers; so that they become ‘the vendors’.
Products & Services
Private label credit cards (sometimes referred to as “white label credit cards”) are store-brand cards that are intended to be used exclusively at a specific retailer. A white-label payment gateway is a payment gateway solution that allows companies across business sectors and niche areas to offer payment processing under their official name while using third-party services. To put it simply, a company puts its logo and branding on the customised solution to use as their own. ‘The cost of payment processing in Internet acquiring is largely determined by the type of payment transaction. Thanks to BIN-routing, the cost of Internet acquiring for the tenants of beGateway has decreased on average by 0.6%. Paypal has been around for a long time and still stands as the most trusted and popular online payment gateway for event promoters.
If a customer pays with card in a different currency from your checkout’s default, a 2% conversion fee is applied on top of the base transaction fee. The latter system system will probably be preferred by SMEs because it gives you access to your sales in a Stripe Dashboard , which allows you to manage payments, refunds and disputes. However, PayPal underwhelms when it comes to international payments. Stripe’s EU transaction rate of 1.4% looks very generous compared to PayPal (4.4% plus 30p). Still, we like PayPal as a good option for domestic firms that need to accept instant payments.
Re-invest licence fees into enhancing your solution or invite customers to contribute to ‘bespoke add-on’ that can be integrated as switch on/ switch off modules of functionality. We ensure that your businesses have a snapshot of the account balances for all payment methods in a single, integrated report. You can get quotes based on your industry and sales requirements, allowing you to find the best deals, features, and support tools for your business needs. The market is moving quickly, with astronomical growth post-COVID. This can leave some small businesses in the dark about the features you need – and what to avoid – to sell online in 2023. Perhaps Cardstream’s most obvious weakness, when compared with the other providers on this list, is that there is no flat-rate cost for its services.
For example, you have an e-commerce website builder platform and those who use your platform can accept credit card payments on their respective sites . In other words, you can still receive commissions every time there is a transaction. Not only that, your brand will always appear every time someone pays on your platform. Thus indirectly the use of white label payment gateways can spur online sales. Without doubt, there are a wide range of benefits to the millions of businesses around the globe that use white label payment gateways.
What is a white label payment gateway?
Undoubtedly white label payment gateway like Corefy is a smart solution for personalized online payments. Thus you can receive a small but regular commission every time there is a payment transaction on your platform. As for your customers, it will be easier for your customers to make payments, spurring them to buy regularly and unwittingly strengthening your brand in the eyes https://xcritical.com/ of them and potential customers. PaaS providers are fully dedicated to continuously improving their product, adding new features, developing their technology and connecting to the right partners. If companies want to deploy new payment technology into their existing IT system by themselves, they need to go through a very long process that involves a huge amount of resources.
- Thus, further optimization and scalability of the system cannot take place due to the old technologies, the lack of documentation, and its complexity.
- For example, you have an e-commerce website builder platform and those who use your platform can accept credit card payments on their respective sites .
- The transaction rate on European cards is low when compared with many other payment gateways, such as PayPal Checkout.
- Take an innovative approach, always looking for new ways to improve your partners’ solutions or services.
- Perhaps Cardstream’s most obvious weakness, when compared with the other providers on this list, is that there is no flat-rate cost for its services.
Plus, with no monthly fees, it outstrips Opayo and WorldPay in terms of flexibility. Like PayPal, Stripe does not charge a monthly fee or any setup costs. Worldpay is the UK’s most popular payment processing company – and has some of the most flexible plans for small businesses. If you’re stuck on which payment gateway to pick and want to let us take the reins of your ticketing, white label payment gateway let Seatlab give your customers the best possible ticketing experience. With Cardstream you can accept ticket payments via email or by phone with their virtual terminal provided. Cardstream are an independent acquirer which means you don’t have to be tied into working with just one acquiring bank and they also provide robust velocity checks preventing fraudulent activity.
Opayo fees and costs explained
Stripe is the new boy on the block, and PayPal seems like they have been in our lives since the beginning of time. PayPal is a trusted brand with a long history of processing our payments on the great Wide Web. Our platform expands your ability to accept payments, supports expansion without infrastructure or development expenses, and manages risk.
HashCash Offers White Label Crypto Payment Processing Software To A Singapore-Based Financial Firm https://t.co/WMWWs1JMit
— Robert Borsuk (@robborsuk) August 17, 2022