More and more present-day companies need to process electronic payments. Some of them already managed to make a transition from cash-based operations to online transaction processing. Following their example, new market players are trying to find the best solutions that would allow them to process electroinc payments for their core products. What ...Read more
Having worked within fintech industry for more than a decade, we know what a challenge it is to select the best payment solution for a company. Multiple experts and analysts share their knowledge on diverse resources, specializing on publication of fintech news today. It is often hard to sort through the flow of information channeled by fintech newsletters, reputable portals, and websites of fintech companies themselves.
Merchants, SMEs, fintech SaaS companies, payment facilitators – each of these entities requires its own specific kind of advice and fintech consulting. Every business in search of a payment solution has its own specific needs and questions to the industry.
Common fintech questions to answer
Let us list are just a few of the most important and crucial questions that we get from our customers and readers.
Some readers are new to payment technologies, so their first question is: what is a fintech company? Others are already wondering how they can generate new revenue streams from payments. Growing businesses that want to make money on payment processing are interested in the key steps to becoming a full-fledged or a white-label payment facilitator.
Companies that already have established customer bases are considering the prospect of implementing different intermediary models, such as fintech as service or payment as service.
Plenty of businesses want to know the details of implementing their own payment gateway solutions and EMV terminal solutions.
Lastly, a large segment of readers and customers wants to learn about advanced technologies, such as SoftPOS and crypto payment solutions, which might define the future of fintech.
Fintech news, useful tips, and advice
As the industry evolves, new questions arise and there is no one single fintech newsletter which could answer all of them. So, in order to help you safely navigate the industry and select the most suitable payment solution, gateway, platform, or ecosystem for your business model, we have written and organized more than 80 articles, covering various aspects of the subject. In these articles we are trying to address the needs of the widest audience of prospective and existing customers, representing diverse categories of companies.
The main categories of our target readers include, but are not limited to:
- startup businesses,
- merchants of different sizes, (from micro-merchants to SMEs and enterprise-level companies),
- payment facilitators,
- conventional and wholesale ISOs,
- SaaS companies,
- online marketplace owners,
- venture capital companies and investment firms,
- developers of payment software interested in fintech news and valuable insights.
For example, those who are new to the industry are welcome to familiarize themselves with the role of acquiring banks in it. Neglecting this role might lead to common misconceptions and result in costly mistakes often made by startup businesses.
Those who strive to embrace embedded payments paradigm will find many useful tips in the articles describing, how to implement embedded payments within a business model, and explaining the key aspects and features of the process.
Those who want to add cryptocurrency payment functionality to their payment systems will benefit from reading the articles on the choice of the best crypto gateway for a SaaS platform and on optimal blockchain selection. We are trying to keep up with fintech news and innovative approaches related to crypto payments. Therefore, we have many articles covering this topic.
If you want to implement a SoftPOS solution instead of (or in addition to) a conventional EMV terminal solution, you should read our informative articles on SoftPOS systems and their implementation.
An important segment of our customers consists of SaaS companies and payment facilitators. Therefore, many of our materials address the needs of these types of businesses. We advise paying special attention at our articles on white-label PayFac model, PayFac gateway integration for SaaS platforms, and the key steps to becoming a payment facilitator.
Finally, as our core product is a payment gateway software solution, much of our informative content largely focuses on payment gateway implementation tips. That is why, many of our articles are dedicated to gateway solution flavors and the key phases of payment gateway implementation process. In a separate article we describe gateway options available to PayFacs and SaaS companies. Other businesses in search of a gateway solution will find many useful tips in our article on the different flavors of white-label payment gateway solutions.
We have given you a brief overview of key fintech news, innovative solutions, and approaches covered in our trending articles. Hopefully, our materials will help you in your fintech quest. Enjoy studying our content!
Before considering the benefits of joining the cohort of payment facilitator companies for specific businesses, could you tell a major chord from a minor chord? If you can, then you have a good chance of becoming a musician. Are you tall and athletic? If you are, you might make a great ...Read more
The world of electronic payment processing is now turning into a sort of virtual Babylon. Every processor and acquirer speaks its own language, lives according to its own rules and requirements, and imposes them on its clients. However, the collaborative payments platforms that emerged recently help merchants drive costs down and succeed ...Read more
Many companies currently want to expand their operations to new geographies and start accepting payments in different currencies. Globalization takes its toll on the payment services market as well. As a result, they have to answer similar questions. People study foreign languages and cultures for different reasons. Some just want to be ...Read more
What does the word migration mean to you? Huns led by Attila or Mongols led by Genghis Khan sweeping through the continent? The exodus of the Jews from Egypt? American pioneers moving westwards? Are Mormons moving to Utah to escape persecution on religious grounds? Millions of people changing their homelands in ...Read more
What is better: renting accommodation or buying one? Naturally, every answer depends on the particular respondent’s situation. And each of the two options has its pros and cons. Some rent accommodations and switch from one landlord to another as often as they find it suitable. Others take burdensome mortgages, which take ...Read more
What is your attitude toward a legacy platform replacement? 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 ...Read more
-Can I accept electronic payments without a merchant account? -Yes (if the very term “merchant account” scares you). But be ready to go through the necessary background verification process. It is, by the way, more or less, the same as the process of getting a regular merchant account. -Can I pay for ...Read more
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? ...Read more
PayFac vs ISO is an illustrative example of natural selection and adaptation in the fintech world. 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 ...Read more
Becoming a PayFac “Bears are taking over the stock market.” According to many experts, after almost a decade of a bull market, we are entering the bearish zone. During this past decade, most investors just bought stock only to sell it at a higher price a little later. Alas, “buy low, sell ...Read more
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 from the recipe. Or you simply forgot to add something at the right time, ...Read more
Imagine you discover 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 ...Read more
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. ...Read more
Let us assume you are the owner of a classy and popular downtown restaurant looking for a payment technology. 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 ...Read more