The wisdom of payments processing
Frequently asked questions in payments related sphere.
Payment Monetization: Savings and Indirect Costs Traditionally, software-as-service platforms did not provide merchant and processing services. Merchant services were provided by ISOs and other intermediary entities. Presently, however, SaaS platforms are in position [...]
Key approaches to and aspects of SoftPOS solution implementation Intro: the benefits of a SoftPOS solution for retail point of sale In one of our recent articles we described the concept of software point of sale systems or SoftPOS. Are you a software platform, a sho [...]
In our previous articles we stressed the importance of supporting different payment types, including credit/debit cards, loyalty/gift cards, ACH, and cryptocurrency payments. The more payment types your platform supports, the more diversified your customer base and r [...]
In this article we will revisit some details of becoming a payment facilitator in the case of a SaaS platform. As we wrote in several previous articles, some companies are pre-disposed to becoming PayFacs. These include SaaS companies, venture capital and private equ [...]
Recently we have been receiving questions like: “Who runs the risk of underwriting: the gateway, the payment processor, or the acquirer?” or “Why do some gateways ask you about existing acquiring partner or merchant bank relationships and others do not?” In o [...]
In our previous articles we wrote how different types of companies could become payment facilitators and benefit from this transition. Such companies include franchisors, SaaS platform owners, online marketplaces, and others. In a separate paper we outlined the key s [...]
What is an acquiring bank? Companies that want to have their own payment gateways (become payment gateway providers) often do not bother to ask this question as they do not understand the payment acquirer concept and why they need to partner with an acquiring bank to [...]
“What payment system does Airbnb use?”, “Who is the payment gateway and processor behind Uber?”, “What payment processor/gateway do big websites use like Uber, Airbnb, Lyft, Reddit, LinkedIn, etc?” These are the typical questions, which are asked by many [...]
As merchant services industry is rapidly moving forward, new payment gateway solutions are emerging. These new solutions often offer new functionality. They are more flexible and capable of satisfying the new needs of merchants and resellers/ISO/Payment Facilitators. [...]
This article is primarily targeted at payment facilitators and payment aggregators. As we wrote in our previous articles, in order to process online payments, an entity must obtain a merchant account. This process involves two aspects: underwriting (sometimes also ca [...]
If you want to implement convenience fees within your payment software system or payment gateway, this article is for you. In payment card industry context a convenience fee is a fee charged for card processing. It allows the merchant to pass the cost of card process [...]
New encryption methods and technologies emerge and evolve. Many companies and individuals have questions about specific features of different encryption solutions. In this article, we are going to explain the differences between hardware security modules (HSM) and to [...]
