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What is a White-Label Payment Gateway?

Ikajo

White-label payment gateway: Pros White-label payment gateways offer multiple advantages, which include: No development or maintenance costs By using a white-label payment gateway, businesses avoid the costs associated with building a payment system from scratch.

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What is a Payment Orchestrator?

Clearly Payments

They also ensure compliance with industry standards like PCI DSS. Typically, the cost structure includes a combination of the following: Monthly Subscription Fees : Many payment orchestrators charge a base monthly fee, which can vary based on the size and needs of the business.

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Choosing an Online Payment Gateway

Clearly Payments

Ensure that the payment gateway complies with Payment Card Industry Data Security Standard (PCI DSS) requirements. Transaction Fees and Costs: Evaluate the fee structure of potential payment gateways. Consider not only transaction fees but also any setup costs, monthly fees, and additional charges.

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Understanding No Fee Credit Card Processing: What Every Business Owner Should Know

EBizCharge

This approach helps simplify merchants’ cost structures and can be advantageous if customers are comfortable with the pricing strategy. Look for PCI DSS-compliant services, as this is the industry standard for credit card security.

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Understanding Interchange Fees: A Canadian Merchant’s Guide

Clearly Payments

These fees are non-negotiable and serve as a fundamental component of the cost structure for merchants. Here are key strategies that merchants can consider to reduce their interchange fees: Switch to a Lower Cost Payment Processor: Establishing a strong relationship with payment processors can be pivotal.

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