A white label cryptocurrency payment gateway, as a solution, enables Payment Service Providers (PSPs), digital commerce businesses, and online merchants to process payments using their own brand via third-party services.
Payments are an essential component of your business, and having a knowledgeable and experienced service providers to assist you with this is a major benefit. As the world shifts toward cryptocurrency payments, secure and worry-free transactions are crucial to unfamiliar businesses with crypto.
What is a White Label Payment Gateway?
A White-Label payment gateway enables a payment company to process payments through a third-party gateway provider by combining the company’s branding, such as logo and colors, with payment processors to provide a personalized solution. The front-end is your brand, the back-end is handled for you.
Why should you choose White Label Payment Solutions?
When faced with a decision, most business owners must choose between building and buying.
Do you have the capital, expertise, and huge tech staff needed to provide your consumers with the most and innovative payment solutions? If not, a white label solution might save money by leveraging its platform and expertise to get the benefits without the overhead!
The Advantages of Using White Label Cryptocurrency Payment Gateway Solutions
White Label Cryptocurrency Payment Gateway companies, such as COINQVEST, have the skills and ability to provide the most cutting-edge creative technologies to help ease online crypto payments. They have a wide range of SDKs and APIs for integrations. By working with them, you can reap all of these benefits of a dedicated crypto payment solution and integrate the solution as your own, all while you are hard at work on your product or service.
Time is the most valuable asset we have. Developing your own payment gateway would necessitate both significant capital and time investment. Furthermore, following the development period, it must be regularly updated in order to maintain a technological edge in the payments market. Implementing a white label cryptocurrency payment gateway solution provider saves you time in all of the above areas.
A cryptocurrency payment gateway must be kept up to date with regulatory compliance and much more. White Label Payment Gateway Solutions provide you with a polished, ready-made product for your brand that is ready to accept payments from your clients. Crypto payment gateways such as COINQVEST provide KYC/AML verification, as well as proper tax and regulatory steps to keep your business compliant.
4. Management of Fraud and Risk
In addition, White Label Companies offer extensive anti-fraud tactics and solutions with a range of settings. Users can refine them based on their needs, which will help them better understand the cardholder’s behaviour. Furthermore, White Label Solutions are integrated with Fraud and KYC solutions to enhance protection.
As previously stated, creating your own gateway from scratch demands a significant expenditure, and even then, there is a risk that the resulting product will be inoperable or outdated. This issue, however, can be addressed if you use a third-party solution, such as the one provided by COINQVEST. Outsourcing a White Label solution not only saves money over establishing a payments platform from scratch, but also includes predictable, scheduled charges, making business planning easier. Fees are also extremely low with COINQVEST.
The Drawbacks of Not Using a White Label Payment Gateway Solution
High Cost To Develop Technology
When you establish your own payment gateway, you save the fees charged by third-party providers. However, keep in mind that developing your own payment gateway is a business endeavor on its own, and entails a significant amount of time, labor, maintenance, and other unforeseen fees.
Setting up a Large Development Team = Additional Processes and Costs
When it comes to creating your own gateway, you have complete power. You are in charge of all the features and integrations that the gateway must have in order to meet your business requirements. To keep the process running well, you’ll need a team that is both specialized in the subject matter and technologically savvy.
It’s time to Evolve.
White Label Cryptocurrency Payment Gateway Solutions provide numerous advantages to your company. After all, payments are not something to take chances with. A good white label payment gateway solution can boost ROI, build a strong brand reputation, provide innovative and efficient payment solutions to your clients, and let you focus on building your product or service. Make sure you choose the correct partner for your company.