Key Takeaways The PayFac model continues to thrive despite the pandemic-driven economic recession, attracting various businesses like SaaS platforms, franchisors, and venture capital firms due to its ability to enhance payment handling and generate revenue. Implementing a PayFac model can transform a platform's service offerings, exemplified by a case where a beauty and ...Read more
Author of the Paylosophy blog, a veteran writer, and a stock analyst with extensive knowledge and experience in the financial services industry that allows me to cover the latest payment industry news, developments, and insights.
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Whether you are a seasoned investor or just starting out in the world of payments, my writing is designed to be accessible to everyone and help people navigate the complex world of payments. So if you want to stay up-to-date on the latest trends and insights in the payment industry, be sure to check out Paylosophy and my published works.
A hosted payment page is a form located outside of the merchant's website, where customers are redirected to make a transaction while paying for goods or services. We are convinced that every merchant should be fully aware of how a hosted payment page work. Nevertheless, if merchants prefer to outsource most of ...Read more
Is your business relates to the subscription-based or SaaS models? If so, you should seriously consider implementing recurring billing software. This approach will definitely improve your business's billing efficiency and the security of your payment gateway technology. You probably have questions along the lines of, “What other types of businesses can ...Read more
Key Takeaways The shift towards usage-based billing reflects the evolving needs of users and customers, as traditional billing software can't meet the demands for sophisticated subscription models, particularly in the context of economic shifts and the IoT evolution. Usage-based billing, drawing inspiration from smart metering and pay-as-you-go models, offers mutual benefits to businesses ...Read more
If you are somehow related to the payments industry, you may have heard about payment tokenization many times. But do you actually know much about its function and what this payment gateway option is for? The first thing to know about tokenization is that it is a must-have for payments and ...Read more
It’s no secret that developing businesses seek to have as many new, high-quality merchants. But how to make merchants sign up for payment processing services? To do so, businesses need a best-in-class payment gateway operating seamlessly and allowing to add new merchants constantly to the payment system. Providing payment gateway services ...Read more
Complete Payment System Many businesses have a misconception about payment gateway and their primary functions. Many merchants believe that owning a payment gateway is just like having a mobile application, meaning that it should work as soon as they acquire it. In most cases, businesses don’t know that a payment technology only facilitates ...Read more
Typically, neither merchants nor their customers need to gain in-depth knowledge of the bankcard system and its operational process. They rely entirely on banks and credit card processors to manage transactions and the payments lifecycle. But, why not have a better understanding of how payments work and how transactions occur? Knowledge in ...Read more
A white label payment gateway solution is easier to implement than a custom payment gateway product developed from scratch. However, many companies that decide to make some money on white label payment gateway services, make costly mistakes along the way, because they do not know how to approach the process properly. ...Read more
Key Takeaways The decision to build or buy a payment gateway hinges on a company's specific business case, with the rule of thumb being that building a custom solution is viable if the savings justify the development and maintenance costs. Advantages of building a custom payment gateway include unlimited customizability, elimination of ...Read more
A white label product or service is a third-party commodity you offer to your customers under your own brand. Let's assume, your company wants to provide some additional value. However, it does not have the necessary resources to implement it. In this case you can resort to the respective white label ...Read more
Choosing a payment gateway to accept credit card transactions is not a problem for just startups and middle-sized businesses. Investment companies often also arrive at the idea of unifying all of the companies within their portfolio with one powerful and robust payment platform. From this point, the lengthy search for a ...Read more
Because the payment gateway launching process seems like a tedious and time-consuming process for many businesses, most prefer to hire a third party to accomplish this task. By doing so, a business relieves itself of responsibility and completely entrusts the process to the hired team of specialists to implement a payment solution. What ...Read more
It’s cool that we live in a world where emerging businesses don’t have to struggle to move cash. Accepting payments online and owning a payment gateway is a part of an overall business strategy. This is an excellent start to improving your customers’ experience, adding value to your business, and protecting ...Read more
The process of selecting the best payment gateway can be a confusing experience for any business regardless of its budget and size. So many different things to consider, different options, traps to fall into if you are not knowledgeable about payment gateways! Which is the right one? Does it even matter which ...Read more