The benefits of using white label payment gateway and why Corefy is reliable
Selecting the right payment gateway for your online store turns out to be much more crucial than you might imagine. Yet, e-merchants rarely elevate the choice of payment method to the top of their priorities when it comes to growing their business. However, given its impact on the shopping experience of consumers, it can influence the way in which the Internet user evaluates your site… and therefore encourage him (or not) to carry out the transaction!
Payment gateway: Definition
A payment gateway is defined as a service that establishes the link, via a payment processor, between:
- the customer’s bank details entered on your website.
- the acquiring bank (the bank that hosts your merchant account).
The payment gateway is therefore useful to:
- validate the information provided by the Internet user while protecting against the risk of fraud.
- transmit payment data securely using an encryption system.
- send the information relating to the transaction (approval or refusal of payment) to the merchant site.
A payment gateway, therefore, becomes essential as soon as you authorize online payment on your e-commerce site.
White label payment gateway
There are several types of payment gateways but what is trending these days is the white label payment gateway. It tends to be favored by online businesses that are pursuing a good reputation, for example, online shops and new gaming platforms. This type of payment gateway can usually be customized based on white label product ideas submitted by users. A white label payment gateway is a payment gateway that can be customized based on user identity. All the usual features of most payment gateways are accommodated but with additional features. For example, it’s easy to pay by credit card on the platform you build.
For example, you have an e-commerce website builder platform and those who use your platform can accept credit card payments on their respective sites (which are built using your platform). In other words, you can still receive commissions every time there is a transaction. Not only that, your brand will always appear every time someone pays on your platform. Thus indirectly the use of white label payment gateways can spur online sales.
How to choose a white label payment gateway?
It all starts with recognizing your company’s values. You have to understand that you will be dealing with people who are not only experts in their fields but also professionals. Keep in mind that the more professional the people you deal with, the more secure your data will be and thus the more secure your funds will be. It is necessary to ensure the security of your data and for that, every gateway that you will choose must meet the standards set for temporary label companies. Based on our experience, Corefy is one of the best options.
Why?
It is a kind of payment orchestration platform. Created to support online business transactions and payment integration with various acquirers and providers from many countries, this platform is the solution for any online business person who wants unified online payment management. Equipped with a communication and control interface that is easy for anyone to understand, regardless of experience. By using Corefy, the payment process will be much easier than imagined. Because it’s easier, it’s also more efficient. Because it is more efficient, it will be more cost-effective. In other words, using Corefy is a smart way to pay online more stably and cheaply. Most online payment platforms have limitations on supported currency types and payment methods. Corefy supports no less than 200 PSPs and accommodates almost all types of online marketplaces. It also supports various file formats (which are commonly used for creating logos), for example jpg and bkp jpng.
Undoubtedly white label payment gateway like Corefy is a smart solution for personalized online payments. Thus you can receive a small but regular commission every time there is a payment transaction on your platform. As for your customers, it will be easier for your customers to make payments, spurring them to buy regularly and unwittingly strengthening your brand in the eyes of them and potential customers.
