UniPay Gateway Payment Advice

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. In order for your…

Payment facilitator model is becoming increasingly popular among many types of companies. These include SaaS providers, investment firms, franchise owners, online marketplaces, and others. Thanks to its flexibility and profitability, PayFac model seems to perfectly adjust to the present-day market requirements. However, other models of merchant and referral services provision still remain relevant. We ae…

Many present-day companies operate internationally and deal with electronic multi-currency payments. They know, that cross-border transaction processing fees, that international financial institutions charge, are much higher than local transaction fees. People often wonder why international payment processing costs so much. Well, there are several reasons for that, but two major factors are multi-currency operations and…

Some say, low credit card processing fees is the only thing that matters when choosing a payment processor. Found a processor that offers you low fees? Immediately integrate your system with and migrate all your data to this processor’s platform! Well, not exactly. In reality, such a migration and/or integration makes sense only if its…

Merchant of Record Merchant of record or MOR is an essential link between a company that needs to accept electronic payments and consumers of its products. Merchant of record concept goes far beyond collecting payments for products and services. MOR is responsible for many things related to sales process, such as merchant funding, withholding of…

Transaction processing cost reduction Transaction processing cost reduction has always been a powerful tool to increase the revenues for many companies working in the merchant services industry. While in times of economical growth the way to increase revenue is to boost the sales, in times of potential or actual recession, cost reduction might work better. In…

Enterprise Payment Technology for an Investment Company An investment company with a large portfolio often faces the problem of payment flow unification. In the times when Markowitz came up with his portfolio optimization theory there were no electronic payment technologies yet. However, now implementation of a robust and unified enterprise payment technology is an essential…

Business and technical phases of a payment facilitation project Many companies are considering the prospect of becoming a payment facilitator as the most beneficial development of their business model. Just like any other project, related to merchant services industry, a payment facilitation project consists of a business phase and a technical phase. Business phase is…

The key aspects of building a payment gateway If you want to build a payment gateway from scratch or license one of online gateway solutions to provide gateway services under your own brand, you need to understand the key aspects of the process. Building or licensing your own payment gateway involves two conceptual aspects: business…

Who can become a payment facilitator? Many companies at the present-day merchant services market are considering the prospect of becoming a payment facilitator. While becoming a full-fledged PayFac is associated with a burden of multiple requirements and responsibilities, a white-label solution may be a plausible option even for those, who are not ready to assume…

The prospect of having your own payment gateway like Stripe or Square often seems to be the light at the end of the tunnel and the goal that, once achieved, will allow you to solve much of financial and technical problems your company experiences. Although at the start of their operations many merchants find Stripe…

What is more beneficial to license an open source payment gateway product or develop own payment gateway? Some businesses that use the services of third-party gateway providers often wonder if it would be more beneficial for them to license an open source payment gateway product or develop a payment gateway of their own. Will such…

Difference between virtual and traditional payment facilitation Virtual payment facilitator model is a handy option for software platform providers that want to increase their revenues by providing merchant services to their clients. If a SaaS or POS platform provider wants to become a payment facilitator but is not ready for significant upfront costs and for…

Payment facilitator implementation Payment facilitator model implementation is a beneficial option for many SaaS and POS platform providers. A software platform provider, that is, usually, acting as an ordinary ISO, already has a certain degree of control over its customers, but is unable to influence the crucial processes, involved in merchant lifecycle, such as merchant…

You are a well-established company that has been using a legacy (mainframe) system for quite some time now to accept payments (on your own behalf or on behalf of your merchants). Your existing system becomes too costly to support and you are not able to accommodate the newly-emerging needs of the customers. As a result…