What is a White-Label Merchant?

It’s essentially a third-party provider that processes payments on behalf of the business and takes a small fee in return. White label payment gateways provide businesses with an efficient way to process transactions while helping them save time and money by eliminating the need for developing their own payment processing systems. IXOPAY is a payment orchestration platform that brings independence and flexibility to the process of online payments. IXOPAY is a best-of-breed, highly scalable and PCI-certified payment orchestration platform for white label clients and enterprise merchants.

white label merchant services

It’s a place where your merchants can manage their transactions, monitor activity, view balances, etc. We at Corefy start by creating an organisation for our client on the platform. They receive access to Dashboard, a starting point for managing all their operations within the platform. Here are some of the pros and cons of using a white label provider in comparison to developing your own system.

What Payment Gateways do

With the smart routing engine, you can route payments to PSPs and APMs with ease. And you can easily get that with a reliable white-label provider. SafeCharge, a real giant of the payment industry, is another great solution on our list. It offers a payment gateway with access to an enormous amount of connectors.

white label merchant services

On the flipside, integrating stripe involves creating a separate, dedicated application that handles all the complexities involved with collecting payments. Depending on your needs, this might prove beneficial or detrimental. On the bright side, stripe is incredibly simple to implement thanks to its API, SDKs, and documentation. Furthermore, developers love working with stripe because it’s easy to scale down to low volumes of traffic and easily expand to accommodate larger loads later on. All told, stripe is probably the easiest payment provider to set up. PCI DSS Certificate & Why Your Business Needs It Right Now PCI DSS is a security standard that was designed to protect credit/debit card transactions.

Finding a Quality White Label Partner

Its main advantage is that it allows the holder to receive rewards points whenever they shop or dine at certain restaurants, hotels, retail stores, etc. However, the value of these reward points depends entirely on the terms of whichever program you sign up for. Some programs pay 1 point for every dollar spent, others give 2 points for every dollar spent. And finally, there are still others that award 5 points for every dollar spent. It’s important to note that although you can earn these rewards points, you cannot redeem them for free merchandise. So if you’ve already decided to purchase a new pair of shoes or shirt with your newly earned points, you’ll either have to sell them back to the store or exchange them for gift certificates.

white label merchant services

Building and maintaining a payments infrastructure is extremely resource-intensive. Besides developing the technology, ISVs would also need to build relationships with sponsor banks in order to facilitate payments. This can cost millions of dollars in time and money—something that small businesses can’t afford. Another choice is to customize an existing white label POS system for resale. A white label POS system is an off-the-shelf solution built by software specialists, which channel partners can rebrand and sell as their exclusive offering to merchants.

Licensed payment gateway solution

FroogalPay is a user-friendly Virtual Terminal/Invoicing System/Pay Now Button platform for merchants that turbocharges how 135+ payment gateways process credit cards and ACH. Your sales expertise and connections are important because FroogalPay sells through you. FroogalPay relies on your talent to place our software into the hands of merchants. This is a payment platform for developers who are looking to create secure payment experiences for retail, eCommerce, and business applications.

white label merchant services

Unicorn Payment is one of the leading turnkey payment gateway solutions in the industry. With our trusted solution, we make sure your payment processing is seamless and secure. Unicorn Payment has powerful tools and resources available that can help companies hit the ground running from day one. Flexible, full-featured credit card processing services are hard to find, but we can customize a solution for every type of customer.

How Contactless Payments Impact Global Health and the Environment

I do my best to help businesses make the most efficient financial decisions that can positively and significantly improve their business growth. Traditional BNPL services have struggled to make headway at the point of sale. Therefore, to attract and retain clients, your business needs to continually look for new ways to add value to the services you already offer. One of the most sought-after services, retail and hospitality companies demand is a quality Point-of-Sale or POS system. That’s why banks and acquirers, PSPs, ISOs & MSPs, and large platforms with licenses all opt for white-label PSPs. Especially those who want to easily compete with Adyen, Stripe, and Mollie without needing the technical know-how and momentum to get it done internally.

  • A virtual gateway allows you to add and implement specific features, intended to meet your particular needs.
  • NerdWallet strives to keep its information accurate and up to date.
  • Plus, they have greater control over the payments experience which not only strengthens their customer relationships but also helps them grow their brand and reputation.
  • 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.
  • The time when payment service providers offered only payment capabilities has passed.

In choosing to white label with IXOPAY, you can save time and money on development that can instead be put into growing your business. Many white-label payment gateways and payment service providers that offer customization are geared for online businesses. Payment services that offer brick-and-mortar payment processing tend to be less individualized, so businesses might have to compromise or choose a separate option. You’re free to white label payment gateway choose any payment partner whose international online payment solution matches your needs. It swiftly brings you online with all the necessary payment methods, currencies, and features, making your business highly scalable and appealing to customers with no development efforts on your side. Without a white label, you’d have to spend money, effort, and time establishing connections with APIs of payment service providers and banks.

Chargeback prevention with Ethoca integration

That means that once you receive the card, you’re ready to start taking credit card payments straight away. Because they contain all of the necessary components, no extra steps are involved in order to begin accepting credit cards. All you need to do is load them onto your POS device and then plug them into your computer. Most importantly, unlike with a conventional credit card, you don’t have to wait weeks before you see profits roll in. Instead, you’ll typically begin seeing revenue flow in mere days after activating your first card. Make sure your white-label processing partner supports a range of payment methods and currencies for the end-user.

Features Provided by White Label Payment Gateways

To put that in perspective, if you run a single subscription plan worth $100 per month, you’ll pay approximately $3.30 for every sale made on your site. Of course, this amount varies greatly based on how long you’ve https://xcritical.com/ been accepting payments via stripe. The earlier you begin charging, the less expensive the transaction will be. The term ”white label” refers to a company selling its wares under another entity’s banner.