Three Pricing Models Of UniPay Gateway

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. Read more

Reviewed by

Kathrine Pensatori

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. Read more

As the number and percentage of online payments is rapidly growing, companies need to review their approaches to online payment processing. If a company wants to become a payment service provider, it needs to establish relationships with merchants (future customers), payment gateways, and banks.

Payment Gateway Solution

When it comes to relationship with a payment gateway services provider, a company must decide, which payment gateway solution it should implement in order to get the best value-for-money. The three options it can choose from are: hosted payment gateway solution, licensed payment gateway solution and in-house payment gateway solution. Each of the options, naturally, has its advantages and disadvantages.

For instance, while a self-built payment gateway solution allows the company to keep all the original “know-how” features in-house and avoid upfront costs and per-transaction fees, it requires specially-qualified payment gateway software development staff, and induces related development-associated costs. A licensed payment gateway solution makes it easy to estimate the overall cost, but often comes with a set of features, which do not correspond to the company’s operation mode, or are completely unnecessary. A hosted payment gateway solution requires per-transaction and upfront fees to be paid, so a company which processes large volumes of transaction might, at some point consider switching from a hosted solution to a licensed one, or even developing payment gateway software in-house.

An article “Hosted, Licensed and In-house Payment Gateway Solutions” describing hosted and licensed payment gateway solutions from a higher-level perspective, as well as an article, where all the pros and cons of hosted, licensed and in-house payment gateway solutions are analyzed in greater detail, can be found at Paylosophy.com web-site.