Some companies that use recurring billing don’t need much. They simply need to collect the same recurring payments from the same group of a few customers every week, month or year. And frankly, quite a few low-cost options are available to handle that. But most of today’s companies are a bit ...Read more
UniPay Gateway Payment Advice
Having worked in the industry for more than a decade, we know firsthand, how challenging it is to choose an optimal payment processing gateway solution for a business. Indeed, selection and implementation of credit card processing gateway solutions depends on multiple interconnected factors that should be taken into consideration.
In addition to this, various types of businesses—startups, merchants, payment facilitator companies, investment firms, venture capital companies, franchisors, SaaS platforms, and online marketplaces—are all keenly interested in specific payment gateway processing services. All the listed business types have their own specific needs and questions to the industry.
All the listed business types have their own specific needs and questions to the industry.
Let us look at the needs and questions, that different companies have to address.
Payment gateway processing needs and questions
Many of our existing and prospective customers seek relevant gateway processing advice. Categories of our customers and readers include but are not limited to:
- Various startup businesses;
- Merchants searching for gateway credit card processing solutions and partnerships;
- PayFac companies;
- Different types of independent sales organizations;
- SaaS platforms choosing between different flavors of credit card payment processing gateway options;
- Venture capital companies and investment firms;
- Online marketplaces;
- Franchise owners;
- Payment software providers and ISV that want to keep track of the advanced credit card processing payment gateway
Industry newcomers often focus on basic questions such as “what is a gateway for credit card processing?”. They need to know the roles of acquirers, processors, and gateways, as well as the differences between these entities.
Merchants and payment facilitator companies are looking for payment gateway credit card processing partnerships. Usually, they need to choose between off-the-shelf and white label payment gateway solutions.
Conventional and wholesale ISOs, SaaS companies, franchisors, online marketplaces, and venture capital firms, are considering the prospect of implementing the payment facilitator model.
Larger companies and international corporations are looking for global gateway credit card processing solutions. These businesses want to know more about cross-border transaction fees, multicurrency operations, and payment processing worldwide.
Payment software developers want to know about the latest fintech trends, advanced technologies, and common payment gateway processing error types they should prevent and avoid.
In order to accommodate the needs and answer the questions of the widest spectrum of readers and customers, we are creating high-quality content. It includes both textual and visual information. Presently, payment gateway processing advice is the largest category of information materials, offered at our resource hub. The section features more than 130 topical articles, covering various aspects of electronic payment processing.
Let us take a closer look at the articles published in the payment gateway advice section of our resource hub.
A sneak-peek at our payment gateway processing advice
Articles in the payment advice section are not grouped into specific categories according to topics or target readers. These articles appeared during the last decade to cover the most relevant issues of fintech, payment processing, and payment services provision.
Some articles explain the basic concepts related to payment processing ecosystems. They include acquirer, processor, gateway, merchant of record (MOR), ISO, conventional and white-label payment facilitator. These articles will be of interest to those who are familiarizing themselves with fintech field.
Articles on multicurrency payment processing, cross-border transaction fees, and handling payments worldwide will be helpful for international companies.
Advice on implementation of white label payment gateway solutions will be beneficial for companies that are looking to have a payment gateway of their own. It turns out that white label payment gateway offerings, such as UniPay Gateway, provide more control than third-party gateways, but require less investments than off-the-shelf solutions developed from scratch by the company’s development team.
Most articles are dedicated to some specific technical aspects of electronic payment handling. For example, these aspects include usage of EMV toolkits, processing of in-app and mobile payments, split funding model, and others.
A special group of our articles with payment gateway advice covers strategic solutions for large projects. These include legacy system replacement, reduction of processing costs, getting out of PCI scope, and others.
If you are looking for an answer to some specific question, relevant for your particular business model, there is a high chance that you will find it in one of the articles from our payment gateway advice category.
The articles from our payment gateway processing advice section will definitely help you navigate the payment services industry. Enjoy reading and watching our content!
While cost savings from PINless debit card transaction fees on debit card payments may not seem as impressive as you’d like, it’s still worth considering. Adding this capability to your debit card processing options makes sense for many companies and might just make sense for yours too. And as an added ...Read more
The third-party-based approach Closed loop gift card processing can be arranged by a payment gateway or a merchant in one of several ways. The “closed loop” can involve a third-party gift card issuer, who issues the cards and handles all the acquiring issues (although closed loop gift cards, issued by a third ...Read more
Many different kinds of companies can benefit from an open source payment gateway, but three types of companies can particularly benefit. Open source products are common in many industries, and it makes sense that commercial open source software would come to the payment processing industry. Those three types of companies that can ...Read more
Different payment card associations use different account updater models. This fact should be kept in mind by recurring billing companies (especially, by companies, dealing with systems, which follow different account updater models). Integrated model Many payment gateways follow the so-called integrated model. Under this model a merchant sends transactions to be processed by ...Read more
Payment gateway providers, processing transactions worldwide, need to be aware of the fact that different countries are using different systems to handle bank account transfers. One-phase systems Such countries as the USA and Canada rely on the so-called one-phase systems. In such systems a merchant sends a file with transactions to be funded ...Read more
EMV Certification Some people think that EMV certification process consists of host certification and terminal certification only. In reality, EMV processing functionality also includes another important component: handling of EMV parameters and EMV application keys. A lot of developers understand how important it is only at later phases of EMV functionality implementation. Handling ...Read more
The two basic approaches used for monitoring of payment gateway operation include transaction velocity tracking mechanism and internal audit. Internal audit is intended to detect problems within the payment gateway system itself. Transaction velocity tracking is the mechanism targeted at detection of connection problems and issues, happening on the customers’ end. Sometimes ...Read more
Key Takeaways Merchant Size and Intermediary Type Relationship: The choice of intermediary entities for merchants depends on their business size. Small merchants often operate without a Merchant ID (MID) and rely on payment aggregators that use a single MID for multiple sub-merchants, whereas larger merchants may require their own MID or become ...Read more
A payment processing emulator can enhance, and at the same time, simplify the process of integration between a payment gateway and various third parties (such as new merchants and resellers). During integrations with the legacy systems merchants developed all integration-related functionality themselves and then tested it on special scenarios. The results of ...Read more
If you want to implement convenience fee handling in your payment gateway or system, you need to answer some fundamental questions. First you need to define, whether it will be implemented within your system or within some third-party system. Second, you need to decide, whether convenience fee will represent a part ...Read more
E-commerce transactions represent one of the most vulnerable industries and require additional protection against fraud. In order to grant this protection, 3D-Secure protocol was developed. If you need to handle e-commerce transactions, incorporating 3D-Secure verification functionality into your payment gateway might be a good idea. Some of your customers might be using ...Read more
It is important to understand, that hardware security modules (or HSM) and tokenization appliances represent two types of devices which work together, but cannot replace each other. Tokenization appliance A tokenization appliance is intended for implementation of vault functionality. However, some functions related to encryption and decryption of cardholder data, are “delegated” to ...Read more
The question of co-existence of EMV and P2PE in a single payment system or application becomes as relevant as ever in view of the approaching liability shift of October 15, 2015. While EMV is rarely used without point-to-point encryption, some companies rely on P2PE as their major protection. Both EMV standard and ...Read more
There are several approaches which can be used to handle chargeback delivery to the merchants and chargeback disputing. As the number of transaction volumes processed (and respective numbers of chargebacks issued) grew, new approaches were introduced. The progress of chargeback handling technologies continues even now. Chargeback Delivery When it comes to chargeback delivery, ...Read more