While over 55 percent of online consumers use credit cards to make payments, there is a growing number of people using the technologically advanced methods mentioned above. If you’re struggling to maintain your own payment gateway, it might be time to use a white-label solution.
Below are some reasons why using a white label payment gateway is a wise move.
1. The Flexibility Factor
Fine-tuning a payment gateway you’re managing alone can be complicated. If you want to offer your products/services on a global market, then you need the ability to integrate new payment methods quickly and efficiently.
Attempting to implement and fine-tune new payment methods without the help of a white-label payment gateway provider can be nearly impossible. With the help of a company like Amaryllis, you can accept new payment methods in a new market with ease.
2. The Rigors of Payment Gateway Maintenance
Large corporations have to constantly update payment solutions to meet the changing needs of the modern market. Some business owners allow the technology powering their payment gateway to become outdated over time. An outdated payment gateway infrastructure can make payment processing extremely dangerous and inefficient.
Rather than allowing your lack of technical proficiency to get in the way of safe payment processing, you need to realize the value of using a white-label payment processing solution. By using a third party for payment processing, you don’t have to worry about the security and functionality of your system.
3. Avoid Using an Antiquated Payment Infrastructure
Providing subpar online payment solutions can lead to a business losing customers. Modern consumers demand payment solutions that are fast, efficient and secure. Using an antiquated payment infrastructure puts your business and your customers at risk.
Instead of figuring out how to improve your existing payment gateway, you need to let a third-party handle this work. A white-label payment gateway will provide modern solutions for a reasonable price.
4. In-House Development Teams Are Costly
Staying on the edge of payment processing technology is harder than it seems. This usually requires the help of an in-house development that focuses solely on optimizing existing payment solutions. Hiring an in-house development team can be very expensive. If you want to make optimizing your existing payment solutions more cost-effective, then using a white-label payment gateway is your best course of action.
Third parties offering white-label payment gateways already have an in-house development team in place. These providers will charge you a flat rate, which means you can avoid unwanted financial surprises in the future.
As you can see, using white-label payment gateways can be beneficial for businesses of all sizes.