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UniPayGateway

February 14, 2017
Written by
James Davis
Written by James Davis
Senior Technical Writer at United Thinkers

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.

My works have been cited across media and payment blogs. I do my best to help businesses make the most efficient financial decisions that can positively and significantly improve their business growth.

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.

Reviewed by
Kathrine Pensatori
Product Specialist at United Thinkers

Product specialist with more than 10 years of experience in the Payment Processing Industry. I help payment facilitators and PSPs solve their various payment processing issues. On a regular basis, I work with a team of knowledgeable technical people in the space, and I am passionate about finding creative solutions to the challenges presented by the Payments Industry.

I would be happy to help with any questions you might have regarding credit card payment processing, merchant services, EMV certifications, the various ways of becoming a payment facilitator or a payment platform, as well as any other Payment Industry related issues you might be struggling with. Feel free to follow me on Quora, and don’t hesitate to send me links to the specific Quora questions you would like me to answer.

Payment Solutions for Startups

Services for Startups

Any startup company that wants to accept payments online has to look for some credit card processing solution to utilize. While many startup businesses are searching for a payment processor or payment gateway, offering their services for the lowest price, this is not the best strategy to follow. In fact, payment processing for startups is a tricky matter.

If you are a new company, you might be surprised to find that your options are very limited, because your acceptable choices include only highly customized payment solutions for startups. For example, you might need to accept payments in different geographies and currencies. Or you might want to follow a payment facilitator business model. Or you might need some specific solutions, both card present and card not present. Not all providers of merchant services for startups offer all the functions you need. Beside that, we shouldn’t forget that a payment processor or a payment gateway for startups (or large businesses) can charge only about 1 % of transaction amount for the service. It is easy to calculate, that if your processing volumes are low, then this 1 % will not cover some customized services.

Consequently, if some service provider (such as Stripe or PayPal) agrees to process a credit card for business startup, because it has all the necessary logic and functionality, this startup should be happy to partner with such a provider, even if transaction processing fees seem to be slightly higher than expected.

You can find detailed information in the respective article on Paylosophy Blog.

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