Trending Articles

6 Steps to Replace a Legacy Platform
What is your attitude to change of accommodation? Are you OK with moving to a new place? Of course, everything depends on your particular situation. Living in a cozy little apartment or in a place where you grew up might feel comfortable for a time. However, at some point you realize that you need to move elsewhere. The place might be too small or too old. Or you need to...
Read more…

Accepting Payments without a Merchant Account
-Can I pay for a product or service if there is no money in my pocket? -Well, yes, if you have a payment card with you. Or if some payment app is installed on your gadget. In either case, you need to have some money on your respective account. -Can I travel without a passport? -Yes, if it is a local travel within the EU or USA, or the UK etc....
Read more…

50 Shades of White-label Payment Gateway
Some people prefer to rent accommodations. Others think that nothing is better than “a place of your own”. But what does the term “place of your own” mean? Is it a house you build from scratch? Or is it just a room in a dorm with your name on the door? After all, anyone can visit you in a dorm, in a rented apartment, or in your own house. And...
Read more…

The Evolution of Merchant Services: ISO vs PayFac
About 50 thousand years ago several humanities co-existed on our planet. Relationships of modern humans with other human species (such as Neanderthal etc) ranged from killing and eating each other to interbreeding. Modern-type humans turned out to be better adapted to changing environmental conditions. So, at some point all other human species became extinct. However, fragments of Neanderthal and other archaic DNA patterns can still be found in the DNA...
Read more…

How Bear Market is Similar to Becoming a PayFac
“Bears are taking over the stock market”. According to many experts, after almost a decade of bull market, we are entering the bearish zone. During this past decade most investors just bought stock only to sell it at higher price a little later. Alas, “buy low, sell high” formula does not work that well any more. The cruel reality is: hungry bear might be staring into the stock market players’...
Read more…

“The Better Foot Before”: a Key to Legacy System Replacement
Imagine, you’ve invited your friends home for dinner and decided to surprise them with some gourmet cooking masterpiece. However, at a certain point in the process of cooking you realize that you’ve confused the sequence of ingredients prescribed by the recipe. Or you simply forgot to add something at the right time, and now it is already too late. So, you have to start all over again or just call...
Read more…

3 Benefits of Becoming a PayFac for Franchisors
Imagine, you discover a spring with clear water on your property. What will you do with it? Scenario 1: keep the water source to yourself, to be used by your family and friends only. Scenario 2: start letting people enter your property and use the well for a fee. Scenario 3: start selling bottled water from your spring to whoever wants to buy it. Finally, you can start with scenario...
Read more…

Becoming a PayFac is Easier for SaaS Platforms
Would you like to have a cottage somewhere in the mountains? From there you could go hiking and, perhaps, skiing with your friends and family. Plus you could rent it (or part of it) to other people, who also want to go to the mountains and need some place to stay. And if you feel like it, you could even open a small mountain resort there. Transform your cottage into...
Read more…

Full-Stack Payment Technology for Investment Companies
Let us assume you are an owner of a classy and popular downtown restaurant. You know that somewhere in the suburb there is a promising new photo studio. A lot of talented young photographers work there. But they are currently using only 25% of their maximum service capacity. Why? Because their customer base is still too small. You invest money into the photo studio and become its co-owner. Then you...
Read more…

White-label PayFac: “Try it Before Buy it”
A friend of mine was once telling me that there was no point in buying an accommodation of your own. Back then he thought that renting was a much better option. No significant upfront costs to incur, mortgages to pay, repairs to make, or responsibility to assume. Plus, you are free to go and change the accommodation at any time. The point makes sense. After a few years this same...
Read more…

Your Own Payment Gateway: Is it the Right Thing for You?
What payment gateway ownership means to you? An image-booster? More control over payment processing? Reduction of payment processing costs? Foundation for a new payment ecosystem? Here are 3 cases when owning a payment gateway makes sense: For image purposes you want your customers to perceive you as a payment service provider. In this case you do not really need to own a payment gateway. You can work out a white-label offering,...
Read more…

5 Things You Should Know about PCI Compliance
Remember those bright strange signs marking vehicles transporting chemicals by road? Or those movies with guys, whose faces you cannot see, because they are wearing hermetic protective suits? How they are carefully holding strange tubes with some shiny substances? Or special cases marked with red cross containing human organs for transplantation? Surely, you’ve seen one in the final scene of “The Real McCoy”, haven’t you? Now imagine being halted by a...
Read more…

Does your processor support all the technical features you need?
Many payment industry players, including merchants, ordinary and wholesale independent sales organizations (ISOs), payment facilitators, and payment service providers (PSPs) are not satisfied by their payment processing relationships, because their current processors do not support some particular technical features they need and are unwilling to implement the necessary logic. Besides transaction processing cost, technical features are an important criterion of payment processing partner selection. Specific factors include ease of integration with...
Read more…

3 Steps to Lower Your Processing Costs
“So, how much are you paying for transaction processing?” I once asked a friend of mine who owned a small retail store. According to his words, he was paying only 2.5%. But when we looked through his merchant statements, it turned out he was actually paying 5.8%. Quite a difference, isn’t it? Was that merchant so ignorant? Well, yes and no; the truth is, some people simply do not read their...
Read more…

What is the Best Payment Gateway For Payment Facilitators?
Is it time to become a payment facilitator and make more money on payment processing? This is a question which many companies are asking themselves every day. Is your company one of them? Maybe, you have already considered the prospect of becoming a PayFac, and answered the question affirmatively. The biggest challenge about becoming a PayFac is, perhaps, finding the proper technology. We can bet, many of you did experience...
Read more…