Payment terminal fulfillment mechanism is associated with several important aspects. First, a fulfillment center you are dealing with needs to be able to install all the necessary software and to inject the encryption keys of the processes, which the merchants are going to partner with, into the terminals. Second, there is ...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!
A terminal management system is intended to perform different tasks, including updates of terminal parameters, re-injection of encryption keys, and remote updates of applications installed on the terminal itself. Payment Terminal’s Lifecycle When it comes to configuring the terminal’s parameters, the TMS must be able to define, for example, which types of card ...Read more
Historically, non-embedded terminal solutions were the first to dominate the payment terminal industry. Their history spans about three decades and they are still industry-accepted worldwide. However, with evolution of connectivity methods, when RS 232 connection ports were replaced by Ethernet ports and wireless connection, embedded payment terminal solutions started to gain ...Read more
Typical payment terminal application features include features related to transaction processing, as well as support of various loyalty programs and non-payment functions. Handling of ACH transactions, support of both card swipes and manual entry, handling of encrypted PINs, support of both contact and contactless EMV payments, as well as RFID cards, closed-loop ...Read more
Point-to-point encryption technology evolved in response to emergence of new types of credit card fraud. Although SSL protection is always there, at communication level, point-to-point encryption provides additional protection layer for cardholder data. There is no unified opinion as to which algorithm is the best one when it comes to point-to-point encryption. ...Read more
There are several important issues, which any large-size merchant or payment facilitator needs to consider when it comes to implementation of a terminal solution. Payment terminal The first thing to consider is payment terminal fulfillment. The payment terminal supplier (order fulfillment center), dealing directly with the manufacturer, should have the required number of ...Read more
Merchant Services Fees Every large-size merchant, PSP or MSP needs to review its merchant services arrangement from time to time. Some new arrangement can allow a business to save some money on merchant services fees. For example, a payment service provider can optimize its transaction routing strategy. Amex card transactions can be routed ...Read more
Merchant Services Fees When a merchant is approached by one or several processors, offering different pricing options, he needs to understand what groups of merchant services fees will represent the most considerable part of the processor’s revenue. If a merchant processes large transaction volumes, then the major component in the total amount of ...Read more
Today the process of migration from one processor to another is much more complicated than before, especially from the viewpoint of payment facilitators and payment service providers. Traditionally the only thing that had to be taken care of when a processor was changed, was reconciliation and settlement mechanism. Several important components involved in ...Read more
Merchant services companies, located in the US often reject merchant account applications, coming from small-size startup merchants, coming from other countries. MSPs are reluctant to deal with them because of several reasons. Startup Merchant First, if a company is processing transaction volumes, which look insignificant to a US MSP, the MSP will not ...Read more
There are three general approaches, which are commonly used to move the funds between different places (such as bank accounts). Bank wires (often referred to as bank transfers) do not take long to clear and are, perhaps, the simplest and the most common way to move your money from one place to another. ...Read more
Many recurring billing businesses at the market consult BIN files to get useful information concerning transactions they process, cards they accept (or do not accept), and issuers of these cards. Some companies turn to BIN files to filter out pre-paid and gift cards, which many customers use to pay for low-cost subscriptions ...Read more
PA-DSS Certification PA-DSS is a universal data security standard to be followed by payment software vendor companies. Being a complex multi-phase process, PA-DSS certification might present a challenge for payment application developers. In order to go through PA-DSS certification process successfully, one needs to understand the key phases of PA-DSS audit procedure. These ...Read more
Credit card BIN file is a useful source of information, that merchants can utilize in their processing strategies. BIN ranges of cards can tell a lot: from card issuing bank and country of issue, to card class. Beside the issuing bank, the BIN range of a card carries information about maximal ...Read more
The simple residual revenue sharing mechanism envisioned a simple splitting of a merchant fee charged for transaction processing, among several parties involved in the process. These parties included the association (Visa, MasterCard), transaction processors, and, possibly, merchant services providers. Recent developments, witnessed in the merchant services industry, call for introduction of new, ...Read more