Online businesses have seen significant growth in the last couple of years. The internet has turned out to be a goldmine for several enterprises. There are approximately 56.5% of global active internet users. Such vast usage of the internet has generated tremendous online business opportunities. Looking into such vast opportunities many startups are investing well to throttle the best out of the business.
Such startups are far ahead. They are not only serving local customers but are targeting international clients. Not sure how much this benefits, but this is a good sign for growth. Having a diverse audience will never let them be short of customers. However, managing such customers requires hands-tuned payment processing.
This article will let you know about White Label Payment Gateway, how to choose PSP, and much more.
What is White Label Payment Gateway?
To start your payment gateway, White Label Payment Gateway is the best option. With this, an individual or firm can rebrand this software with its name and logo. After which they can provide other merchant’s payment services under their brand name and logo
Being a payment service provider can fetch huge benefits to startups. Startups can also sell white-label payment gateway solutions under your brand name.
Benefits of White Label Payment Gateway for Startups
- Strengthen loyalty
A white label payment gateway allows startups to brand the software and sell legally under your brand name. When any customer clicks on the Buy Now button, he lands on the payments page. If this page contains your brand name, logo it strengthens his trust in your platform. He can easily make payments without any fear of fraud.
- Retention and Conversion Rate
Brand name always builds trustworthiness and convinces customers to make payments without worries. They won’t hesitate to make payments wherever your payment services are facilitated. Using the platform for repeated payments will always promote retention and conversion rate.
- Grow Repute
Offering reliable payment technology with uninterrupted services to clients can set your reputation as an expert. The client profound of your expertise will also suggest other clients take up your service. Increasing customers is a win-win situation for your business. With the increase in reputation, there are no doubt startups will be benefitted.
- Enhance Business Possibilities
For startups, the market is quite challenging, they can find difficulty in gaining and retaining customers. Getting this software for business will build your reputation faster than twice. Payment Solutions comes with a wide range of integrations. This will let the business reach a larger number of customers. If there is any new integration in the market, the White Label developers can easily add this to your system. It will always let you be the horse in the front row. Having plenty of payment options attracts more customers and enhances business possibilities.
For Startups, knowing the benefits of starting your own payment gateway business can be very fruitful. It helps you gain a better sense of perspective and stay focused on what matters most.
Features to look at before getting White Label Payment Gateway
- The system deployed on the client’s servers
Payment Gateway should be deployed on the Client’s Server. It is far more beneficial than being a technology vendor. It is much cheaper and simple for clients as it does not follow the regulation.
- Variety of Payment Methods
Popular payment methods like Credit cards, Debit cards, and APMs are pre-integrated. As every region supports different local payment methods, such a population can be large. Always go for providers that have such features pre-installed in the software.
- Pay-link functionality
The pay-link feature allows generating payment links inside the system. This pay link can be directly sent to customers to pay for goods and services. This feature is beneficial for small to medium enterprises. They can accept payment via this link without having a website.
- Multi-language Support
A client can be from any region, the multi-language support is necessary. It will allow the amount and currency to reflect in the native place or country. This facility encourages customers to make payments for services or goods.
- An Approve and Capture transaction
Approve and capture ensures that the customer account has adequate funds to complete the transaction. If this is the case, the bank will hold the amount in question to allow for authorization.
There might be many PSPs in the market but not everyone stands out in the row. The above discussed are some of the indicators of good vendors for Startups.
Gatewayeast as a Payment Software Provider: White Label Payment Gateway
For startups, we have a lot to offer to encourage your faster growth. Here is the list of few points showcasing our offering:
- Smart routing – To increase one’s transaction approval ratio;
- Smart Invoicing – For invoice management and help PSPs offering with flexible fee structures;
- Tokenization – For fast and safe one-click payments
- All local & International payment methods;
- Faster onboarding with Zero development cost.
- On-premise integration
- Fully-customizable admin panel.
- Responsive customer support
Gatewayeast has been one of the pioneers of the Fintech Industry. We understand all the challenges payment processors undergo. We check all the boxes of the list of essentials and offer fine-tuned solutions.
Conclusion:
White Label Payment gateway is no doubt the most beneficial payment solution. To start your payment gateway, this is the cheapest method. Becoming a payment processor will prosper both money and your credibility. No matter when you take your first step for the business, all that cares is your expertise and proficient services. Contact us now to get a White Label Payment gateway.
Visit Now:- https://gatewayeast.com
