If you want to start a payment facilitation project, you need to address two aspects of the matter – business and technical. Business aspect is more important, it concerns finding an acquiring partner. However, prior to moving on to technical issues, you have to clarify several important matters with the acquirer. As a
People who want to build their own payment gateway solution often experience problems because of several common misconceptions. First, they think that in order to become a payment gateway provider, they just need to setup a payment gateway software platform, which would allow them to ...
White label payment facilitator model is an intermediate try-it-before-buy-it solution for a company that wants to become a PayFac, but is not ready to face all the requirements and assume the responsibilities, specific to payment facilitation. Under white-label PayFac model the company gains control over merchant onboarding, funding, reconciliation, settlement, chargeback ...
Stripe or Square can be rightfully called the leaders of the market, thanks to broad diversification of their offerings, customer bases, and revenue sources. They offer a multitude of solutions to various groups of merchants, including famous highly-profiled startups, such as Facebook and Lyft. Indeed, for startup merchants, partnership with Stripe ...
At the present-day gateway services market there are several payment gateway solutions a company can chose from. It can use a third-party payment gateway product, some flavor of a white-label payment gateway, license open source payment gateway software, or develop its on customized product from scratch. Some companies erroneously think that switching from a third-party ...
Virtual payment facilitator model might be a beneficial solution for many SaaS and POS platform providers that want to provide merchant services. Virtual PayFac model is more lucrative that a wholesale ISO model and, at the same time, a virtual PayFac does not have to assume burden of PayFac-specific responsibilities. It can enjoy most of the benefits of being a payment ...