United Thinkers explains how to have a payment gateway of your own in their latest press-release
New York, NY – (April 30, 2018) – United Thinkers, a New-York based commercial open-source Payment Management Software provider shed light on their updated white paper which discusses the ways of launching one’s own payment gateway in correspondence with the realities and latest requirements of the merchant services industry.
It’s clear that payment gateways are in such high demand today because they allow businesses to accept payments quickly and easily. The reliable and all-in-one payment gateway helps gain the trust of the customers, so they are willing to make transactions and grow your business. This is why most merchants want to have their own payment gateway.
United Thinkers produced a white paper which provides guidance to prospective payment gateway providers who wish to have a payment gateway of their own. In this white paper, there are multiple tips on how to navigate the process as smoothly and seamlessly as possible. Of course, for some businesses, building a payment gateway from scratch can become a daunting process, proving it to be not nearly as easy as people expected. To make the understanding of this process thorough and constructive, United Thinkers released a guide covering the key aspects of the process.
The insight found in this guide covers all aspects of payment gateway development, and answers related questions, such as the following: How to understand whether you are ready to own a payment gateway? Why should you go for your own payment gateway? What are the advantages of white-label payment gateway solutions and what are the types? What is the difference between a hosted solution and a licensed gateway software package? Which costs and savings are associated with the development of your own gateway solution? How to handle different functions related to merchant lifecycle within a gateway? Why are acquiring partnerships so important? And, finally, what are the approximate costs associated with each phase of the process? These and other issues are addressed in their respective sections within the white paper. A separate section is dedicated to the description of United Thinkers’ payment gateway software solution, UniPay Gateway platform.
The latest version of the white paper has already been published for download, free of charge. Many readers have already reviewed earlier versions of the white paper and found the guide to be an excellent tool, offering expert insight into the process of building a payment gateway. And now it has been updated to meet the requirements of today’s merchant services market. The white paper is targeted at the following categories of users:
- companies wanting to replace their existing legacy gateway technologies with new ones;
- companies considering the prospect of bringing their current hosted or white-label solutions in-house;
- large corporations and holding companies looking for opportunities to consolidate processing across all departments or portfolio members within a unified platform;
- large software platforms wanting to make a transition to the payment facilitator model.
“Many people think that a payment gateway is just a software package – you simply buy it, install it on your server, and you are ready to go. In reality, the process of becoming a payment gateway provider is much more complex, as it requires you to handle connectivity issues and certifications with various acquirers, as well as PCI compliance. So, the underlying costs may turn out to be significantly higher than you initially expected,” says United Thinkers president, Eugene Kipnis. “As a company that specializes in these issues, and has to deal with related challenges every day, we’ve decided to compile a document with guidelines for people, who are considering the prospect of becoming payment gateway providers.”
You can download this white paper, which explains in detail, each aspect of the payment gateway development process at UniPay Gateway website: How to Have Your Own Payment Gateway.
The appeal of the UniPay Platform is the open-source nature, affordable cost, robust omni-channel feature set, as well as the advanced API’s and wide variety of Code Samples for easy integrations.
The components of UniPay are UniCharge, UniBill, and UniRead Modules (UniPayGateway.com):
UniPay Gateway platform has numerous APIs, its own EMV terminal solution, and mobile solution. It is integrated with all major processors and payment facilitation platforms in North America.
To receive more information, please contact sales@UnitedThinkers.com
About United Thinkers
United Thinkers is an enterprise software development company that specializes in payment gateway technology development. The UniPay Gateway is the company’s flagship product. For more information about payment processing vision of UniPay, please visit our blog at Paylosophy.com