It is essential to find a reliable partner to grow a successful business. The company can open new markets and expand its customer base, helping its brand prosper. The integration of such an element as a payment gateway, making it a part of the infrastructure, can also solve this problem, but it is not easy to implement it. This is the reason why a white-label solution seems so attractive to many. Apart from payment processing, it helps to expand the user base and strengthen the company’s brand. 

Numerous companies offer similar software for enterprises. We collected the options that definitely deserve attention to help you to make the right choice. The list includes software products from the following companies:

1.    Akurateco

2.    Decta 

3.    Ikajo

4.    WL Payments

5.    PayPipes 

6.    eComCharge

7.    PaySpace

A quick survey of the basic features offered by these platforms will help to see what is more suitable for your business. However, we should look at the basic notions first to understand how it works and why it’s needed. 

The essence of the concept

This is a payment processing system that a company can use under its own trademark. Despite the fact that the enterprise deals with a third-party service to accept payments, nobody knows about it as it uses a customized solution with its own logo on it. As a result, both parties benefit from this cooperation. Companies select this technological solution to attain a number of goals. Let us see why this solution is profitable for merchants. 

• It is less expensive

This is a cheap and convenient solution for any business entity, even a small-sized one. In this way, it creates better conditions for SMEs (small and medium enterprises). 

The development of a payment gateway is a huge challenge that requires significant expenses. Small companies can’t afford to pay an in-house team so much. 

• It allows accepting payments right after the integration

In case the financial aspect is not problematic, the process of building can take much time. The team of developers will have to test it and correct errors before getting the final product. With a ready-made payment module, business starts accepting transactions immediately. Thus, the enterprise can concentrate on its basic work without being distracted by other issues. Therefore, payment software, built and fine-tuned by the partner’s team that specializes in this area is a perfect way out. Using a white-label version, they can select the refined product and take advantage of its extended functionality enabling them to get to business without delay.  

• It strengthens the brand and raises its value 

Own gateway helps to strengthen the brand since companies can fully brand it as they wish. They get branding control over URLs, color schemes, logos, fonts, APIs, and marketing questions. All efforts companies put into their promotion contribute to the brand’s value. Those who plan customization should explore if this capability exists in advance.

• It improves the reputation of merchants

Offering robust payment technology to clients ensures a smooth checkout experience, thus establishing the reputation of an expert in the field.  

• It contributes to the customers satisfaction

Consumers may not worry about the safety of their payments, the issue that arises each time they pay on the website of a third-party company. Sometimes customers hesitate when they see a logo and design of a third party on the payment page.

This is not a comprehensive list of benefits. There are other nuances as well that work perfectly for merchants. However, it is better to explore them, by studying particular platforms and their features.

Akurateco

Akurateco is a software provider, headquartered in Amsterdam, that specializes in fintech software products. It builds invoicing systems, analytics, management tools, etc.  Businesses, choosing this partner, get a 100% secure solution as the platform cares much about security, and addressing fraud effectively. Their white-label solutions are easily customized.  

The main benefits of the product delivered by Akurateco:

1.    Cost-effective offer, affordable for SMEs;

2.    Custom-made design of the payment page;

3.    High level of security;

4.    Growth potential.

However, Akurateco’s gateway is not the best choice for companies looking for a wealth of customization options. They can feel somewhat limited here. Still, the solution has all the necessary features for practical use and comes without excessive bells and whistles.

Decta

With hosted, cloud-based solutions offered by this platform, merchants get a single unified payment gateway that opens new markets to ecommerce companies. Decta delivers tens of widespread payment methods including global payment networks, open banking, digital wallets, and connections to acquirers. 

The functionality includes an advanced interface with payment management tools. It is a good fit for all types of devices and various viewports. The solution can deliver all kinds of checkouts, be it a full payment page, iFrame, direct post, or API.  The software is fully customizable, ready for rebranding, and easily adjusted to any payment engine. 

Ikajo

This is a robust payment processor that offers card processing services to merchants and businesses. With over a hundred alternative payment methods, it presents an excellent portfolio of payment options. Ikajo works with 150+ currencies, so it can be a good variant for legal entities that pursue goals of global expansion. 

The facility delivers recurring payments with anti-fraud verification, checking them thoroughly by more than a hundred parameters. The fees vary, starting from 1.2% and going higher when other factors. Different things affect the prices such as industry. Rates are higher when high-risk industries are involved.  

This partner can be selected by small companies that look for HHP integration features, which are convenient for merchants. Large businesses can also take advantage of the Ikajo services that deliver quality API, which is easily integrated. Moreover, the company offers such services as cancellations, subscriptions, payouts, and more. The functionality allows setting time intervals for recurring payments.

WL Payments

It is an acquirer payment gateway with a unique approach to work. The brand was created in Amsterdam and aimed to solve existing problems in the industry. Currently, it presents a growing acquirer network including the most relevant payment methods. A multilingual network is truly a global formation since it accepts any currency. The mechanism is designed to send transactions to the most highly-rated payment partner.

Technologies employed by the company help to increase merchant conversion. Using smart routing, Flex 3DS, and mathematical models, the platform can reduce transaction expenses and improve conversion. 

PayPipes

PayPipes positions itself as a solid partner for online merchants, since the company is an expert in its niche, it implements the best technologies and provides products of supreme quality with integration features. Feature-rich functionality of the module makes it a favored option for businesses. It offers easy navigation in any country of the world despite payment channels and the location of customers. Also, the benefits of the system include easy customization, detailed data, and analytics tools, easy payments API, virtual terminal, tokenization, payment page, and the capability to pay by link.  

The reduction of regulatory compliance helps Paypipes to deliver excellent transaction service without charging tons of money for service. 

eComCharge 

This is a Vilnius-based technology company with 14 years of experience in the industry. It started the activity as an outsourced developer of payment systems for foreign companies. Currently, the firm specializes in building payment software. Also, the platform designs transaction tools and security check services, working in compliance with the AML (anti-money laundering) policy. 

The platform can reduce fees thanks to the optimization of transaction costs and automatic smart routing to different gateways. With an up-to-date API library and documentation, the platform ensures simple integration. eComCharge offers a single integration with all gates, 50+ banks, and alternative payment systems. 

Using high-class software, businesses can adjust payment functionality to help the company look consistent. It is attained with the customization of payment pages, where a merchant’s logo and brand colors are added. 

PaySpace

PaySpace is a Ukraine-based payment processor that delivers seamless customer experience around the globe. The platform employs cutting-edge technologies to serve thousands of customers globally. Compared to numerous competitors, the company is ready to work with high-risk industries and develop white-label gateway solutions for them. 

Fraudulent activity is effectively prevented with advanced anti-fraud and chargeback prevention software tools developed by the in-house team. The platform also uses third-party services and signals for the accuracy of data across the system.

The system accepts bank cards of major payment methods and numerous alternative payment methods. The platform offers unparalleled service and charges moderate fees for that. The prices for processing start from 1,2%. Integration into different shopping carts is easy. It is also a sophisticated management tool with the potential to set up selling and marketing campaigns that boost merchants’ sales and expand their customer base. 

Conclusion

As you see, companies that appear on the list differ considerably from each other. Since the market is versatile, each merchant can find the processing partner that suits their business perfectly depending on its goals and needs. You just need to explore these options thoroughly and make your decision.