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UniPayGateway

June 24, 2020
Written by
James Davis
Written by James Davis
Senior Technical Writer at United Thinkers

Author of the Paylosophy blog, a veteran writer, and a stock analyst with extensive knowledge and experience in the financial services industry that allows me to cover the latest payment industry news, developments, and insights. Read more

Reviewed by
Kathrine Pensatori
Product Specialist at United Thinkers

Product specialist with more than 10 years of experience in the Payment Processing Industry. I help payment facilitators and PSPs solve their various payment processing issues. Read more

Trending Articles

Becoming a Payment Facilitator: 10 Steps

Key Takeaways: Rising Demand for Payment Facilitation Services: The last decade has seen a surge in demand for payment facilitation (PayFac) services, primarily due to companies like PayPal, Stripe, and Braintree demonstrating successful PayFac models. This growth is fueled by acquirers delegating merchant experience management and a market trend towards integrated payment ...

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How Merchant Onboarding Works and How to Improve It

Key Takeaways: Merchant Onboarding Simplified: ISOs and PayFacs streamline the process, reducing manual effort and allowing merchants to start accepting payments swiftly. Automating Application Submission: Online submission via APIs or file formats accelerates merchant approval, enabling businesses to begin processing within 24 hours. Efficiency through MID Blocks: Allocating merchant IDs in advance expedites onboarding, ...

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Contactless Payments for Contactless Times

Traditionally, the term “contactless payments” referred to EMV payment solutions based on near-field communication (NFC) technologies. Almost every payment card or app user nowadays is familiar with such technologies as Visa payWave or MC PayPass. Not to mention Apple Pay and Google Pay. From cardholder’s perspective it is easy. You just ...

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Payment Facilitators and Acquirers: Rivalry or Symbiosis?

The advance of payment facilitation services during the last decade was tremendous. Card networks introduced the initial set of formal rules of the game for payment facilitators back in 2011. Since then, the PayFac concept has gone a long way. As of now, we are witnessing a situation when independent sales ...

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Stock Market Crash and Cost Reduction

While half a year ago the economic recession was only a possibility, the 2020 stock market crash turned it into a tangible fact. The unprecedented impact of coronavirus on economy of all major countries triggered the end of an 11-year bull-market run. It made the key market indices plummet several times during ...

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Best Payment Gateway For an Application or Website

More and more present-day companies are choosing to sell their core products using payment applications, online websites, and marketplace platforms. These companies are striving to embed payment functionality within their websites and applications. For this purpose, every company needs to find the best payment gateway solution to suit its business model. The ...

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The Role of an Acquiring Bank in Transaction Processing

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 ...

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5 Companies that Benefit from Becoming Payment Facilitators

Key Takeaways: Key Traits for Becoming a Payment Facilitator (PayFac): Businesses likely to succeed as PayFacs typically have a stable customer base, basic know-your-customer processes, a degree of control over customers, and customers who are intermediaries rather than end-users. Alternative Options for Transition to PayFac: For businesses unsure about fully transitioning into a ...

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The Principles of Collaborative Payment Processing

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 ...

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Becoming Multicultural: Accepting Payments Worldwide

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 ...

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Migrating to a New Payment Processor

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 ...

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From Hosted Payment Gateway to Licensed Solution

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 ...

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6 Steps to Replace a Legacy Platform

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 ...

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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? ...

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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.

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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,
  • franchisors,
  • 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.

Still have concerns?
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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.

To summarize

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!

Feel free to familiarize yourself with UniPay Gateway product,  watch a short video guide, and request a demo.

Useful articles to help you: