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 ...
Payment facilitator model implementation might be a profitable step for many present-day software platform providers. If a software platform provider starts offering merchant services in addition to the platform itself and assumes responsibility for merchant onboarding, provisioning, and funding, as well as for reconciliation and chargeback handling, it removes part of the ...
Transaction processing costs do not only include merchant services processing fees. Other cost items, related to transaction processing, include indirect costs and opportunity costs. However, those who want to reduce their processing costs often focus only on the first of the listed components. They try to negotiate lower fees with the current processing partner or shop around ...
What components does transaction processing cost include? Knowing the correct answer to this seemingly trivial question may be the key to effective cost reduction strategy. Many companies face significant problems when it comes to transaction cost reduction, because they resort to the most obvious solutions, focusing on the transaction processing cost itself. They negotiate ...