These Payment Gateway Comparison guidelines summarize our team's comprehensive experience of helping diverse companies in search of optimal payment gateway solutions. In this document we both outline the payment gateway comparison criteria and demonstrate how to evaluate and compare specific payment gateway solutions among themselves. Particularly, we analyse 5 offerings, demonstrate ...
Read moreWith years of industry experience, we understand the challenge of choosing the right payment gateway and credit card processing solutions for your company. Indeed, selection and implementation of electronic and online payment processing solutions involves multiple aspects that your business needs to address.
Furthermore, various business types, including merchants, payment facilitators, SaaS platforms, and online marketplaces, seek tailored payment gateway and online processing services. Each entity brings its unique needs and queries to the industry.
Important aspects of payment processing
Let us list are the most important aspects of payment processing that interest our customers and readers. To remind, the main categories of our target audiences include, but are not limited to the following ones:
- startups,
- micro-merchants, SMEs, enterprise-level companies,
- PayFacs and payment service providers,
- conventional and wholesale ISOs,
- SaaS companies,
- online marketplace owners,
- franchisors,
- investment firms,
- venture capital companies,
- payment processing system developers and payment software engineers.
Individuals new to the industry may pose basic questions such as: what is payment processing and how does it function?
Businesses that are already looking for specific solutions want to know, which payment types and methods their partner payment gateway and payment processing companies have to support. Diverse payment types and methods lead to greater diversification of customer bases, bringing in new revenue streams. On the other hand, they mean greater responsibility and larger potential costs.
Owners of online marketplaces may seek optimal choices for website payment processing, given that their primary revenue source revolves around online sales.
Enterprises looking for cutting-edge solutions to facilitate payment processing online, as well as mobile and in-app payment processing, along with crypto payment support, naturally want to know more about them.
A sneak-peek at our payment processing guides
Every type of business, representing some segment of our readers or customers, might benefit most from a specific guide. Let us briefly outline the contents of each of the five guides from the resource hub. This may help you find the right information for your specific use case.
Omnichannel Payment Gateway Solutions
Chronologically, the first comprehensive guide in our resource hub was the one dedicated to omni-channel payment gateway solutions. This guide will be helpful for diverse categories of businesses, including merchants, PayFacs, online marketplaces, SaaS platforms, and online payment processing companies.
The guide starts with a description of the requirements and challenges specific to payment gateway projects. The first section particularly emphasizes the importance of acquiring bank partnerships and payment gateway solution certifications. The second section outlines the features of an omni-channel gateway solution that your business might require. The third and fourth sections describe various models of payment gateway solutions and provide useful tips on how to select a proper gateway implementation model for your business. Judging from our experience, a white label payment gateway solution suits the widest range of business types.
Monetizing Payments for SaaS
As we can see from the title, this guide is primarily targeted at SaaS companies that want to generate new revenue streams from payments. Some of these companies are already developing software for payment processing systems without getting their residual revenue share from the process. The guide provides useful recommendations on how to monetize payment experience if you are a SaaS business.
It turns out, there are many payment monetization strategies your business can follow. For instance, you can monetize various types of markups, diversify pricing plans, and offer a wide range of basic and advanced features to your respective customers. Almost every sub-section of the guide includes an illustrative example, demonstrating the respective feature which can bring additional income to your business.
Besides SaaS companies, the guide may be useful for any other businesses that want to start making money on payment services.
SoftPOS solution: concept and implementation
In essence, SoftPOS solutions can be considered an extension of contactless payment terminal solutions, only they do not require physical hardware. That is why they interest multiple categories of businesses: from micro-merchants working in the field to large companies and top payment facilitators that want to save on payment terminals or add SoftPOS functionality to their existing offerings. All these diverse categories of businesses can benefit from SoftPOS solution implementation and, therefore, from the advice and tips provided in our respective guide.
In the initial sections of the guide we describe the concept of SoftPOS solutions, as well as the history of their emergence. Then we move on to their advantages and disadvantages, as well as various important aspects a business should consider when implementing a SoftPOS solution.
What is a crypto payment solution?
Crypto payment solutions are, probably, even more innovative than SoftPOS concept. Although most merchants do not plan to entirely switch to cryptocurrency from conventional payment mediums, many companies consider crypto payment processing a priority. So, if you want to add crypto payment functionality to your omni-channel payment gateway offering, or just want to learn more about blockchains and how crypto payments work, then our respective guide is for you.
The guide starts with a description of the crypto payment solution concept and arguments in favor of crypto payment support. Then we move on to a brief outline of existing crypto payment solutions and three approaches to their implementation, including a white label payment gateway option. After that we explain how to implement a crypto payment solution for a platform and how to select the best blockchain based on your specific business needs. In the final section we provide a brief overview of the main crypto payment solution costs.
Payment gateway comparison guidelines
We have been helping companies select optimal payment gateway solutions for their business models for more than a decade. Moreover, our flagship product is a universal white label payment gateway solution.
So, our payment gateway selection guidelines combine our large experience of working in this area and specific case studies, where examples of actual gateway solutions are compared among themselves. We start with an outline of the key payment gateway selection criteria. Then we move on to comparing several payment gateway products according to these criteria and providing specific recommendations as to their suitability for different kinds of businesses.
In our guidelines we are not selecting “the best” gateway product, but rather describing a comparison methodology and illustrating how to use it. If you are searching for a gateway technology to partner with, this guide is definitely for you.
To summarize
Again, this has been just a sneak peek at our payment processing guides. Hopefully, our materials will help you navigate the industry and choose optimal solutions for your business. Enjoy studying our content!
Also, you are welcome to familiarize yourself with UniPay Gateway product, watch a short video guide, and request a demo.
In these guidelines we summarize our experience and knowledge in the area of crypto payment solution implementation within an omnichannel gateway offering. We outline the main benefits of crypto payment solutions and the key aspects of implementing cryptocurrency payments within an existing payment gateway. Our guidelines provide useful advice and tips ...
Read moreIn these guidelines we summarize our recent findings and experience of helping companies with SoftPOS solution implementation. One of the key advantages of SoftPOS systems is that they expand the potential of conventional terminal solutions. Diverse categories of businesses, from micro-merchants to large platforms and enterprise-level companies, can directly benefit from ...
Read moreTraditionally, many software-as-a-service platforms considered merchant services an additional benefit provided by some third party, such as an ISO. Recently, SaaS platforms have realized that merchant services can become a substantial revenue source for themselves and not just for third parties. That is only if they implement embedded payment logic or integrated ...
Read moreIf you want to implement your own omnichannel payment gateway solution, then this document is definitely for you. It provides all the essential guidelines on payment gateway solution implementation. Unfortunately, most people underestimate the complexity involved in setting up their own payment gateway solutions. So, with these guidelines, we will try to ...
Read more