The best payment solution for an online marketplace is the one that meets all needs and exceeds all expectations. But what should you be looking for in a payment solution? And which product is the best for your business? Here are some things to keep in mind:
You may want a turnkey solution. Rather than building something from scratch, you may want something that’s fully developed and that requires minimal customization to get up and running.
You may want a white label solution. If you’ll be dealing with merchants’ account setups and onboarding, a white label solution allows you to do everything in your name, not the name of the gateway or payment solution.
You’ll want easy processing and payouts. You’ll want to be able to provide merchants with their funds as quickly as possible and through a fully automated process. Ideally, submerchants should be paid within days, not weeks or months.
You’ll want well-designed APIs and software. Choosing a modern solution with a deep inventory of APIs makes the most sense for quick and easy integration. Old payment processing solutions often have old software that struggles to keep up with modern demands and processes.
Of course, you’ll also want a stable, reliable product or service that can handle all the currencies in which you conduct business. And it’s important that the payment solution for your online marketplace also makes refunds easy.
And this just scratches the surface.
The decision of a payment solution isn’t one that should be taken lightly or made hastily. In many cases, you’ll find that the UniPay gateway from United Thinkers is a smart choice for you. It’s available for your business in several different ways. Let us tell you honestly if we have a solution that’s right for you.
The UniPay gateway is the right payment solution for many online marketplaces, and it could be right for yours.