The white-label payment facilitator enables you to accept all major credit cards and debit cards with just one integration. There are no contracts, so if you switch processors later, the white label solution can still accept payments for you. Your customer never needs to choose
Providing new “white label” payment facilitators which will enable transactions up to $3000. The difference of the user doing this is that it will be under your website and logo rather than a PayPal address.
This has been an issue for many people, where personal accounts have been frozen with money inside, or websites have been taken down due to “not following the TOS. So if you’re looking to get started with online payments and don’t want to go through the trouble of setting up a payment processor, this might be for you!
Who Can Use It?
The white-label payment facilitator is available for anyone in the world who has an email address and a website. This means that when someone buys something from your store (bringing you revenue), they will return it to their wallet rather than go to PayPal.
This is available for any type of website and business, including:
- Physical stores (selling online)
- eCommerce stores
- Blog shops (where you sell your products)
What Does It Include?
The White label payment facilitator offering includes the following:
- The ability to take payments on your website (with full stats available to you)
- The difference between your customers doing this is that they will be directed back to your domain/website rather than a PayPal one.
- There are no contracts, meaning that if you wish to switch processors down the line, it’s as simple as just leaving your account unattended.
- A white label solution means that PayPal will not be displayed anywhere on your customers’ credit cards or bank statements.
- There are no hidden costs for this service and
- You will not pay any monthly fees.
Payment Processors Currently Available:
Currently, there are a few payment processor options out there. However, they all have their requirements and restrictions. For example, one of the most popular ones a person would use is PayPal, but obviously, this means your going to be held up to PayPal TOS and liable for their rules.
Digital River:
Digital River is a payment processor, and primarily they offer shopping cart solutions to website owners which will help you process orders on your website. However, they also provide merchant accounts (with low transaction fees) and white label payment solutions.
Pros/Cons:
The good things about this payment processor are that the TOS does not hold them up that most other payment providers are held up to. This means you can have your own TOS, which would impact your customers more.
The negative side is that more fees are involved, so your customer needs to be aware of this, especially if they are paying for a digital product.
Other Payment Processors:
There are, of course, other payment processors. However, these are the most popular ones that have been seen used. Again some of them enforce TOS rules on their customers, but some do not.
What About Customers Who Do Not Have A Credit Card Or Debit Card?
Well, the white-label payment facilitator provides an alternative solution for this. It is possible to go through their website and request an invite to send your customers there.
What Is A White Label Solution?
A white label solution means that PayPal will not be displayed anywhere on your customers’ credit cards or bank statements. This way, it’s easy for your customer to forget they’re using PayPal and focus instead on the site you made for them.
There are no contracts, meaning that if you wish to switch processors down the line, it’s as simple as just leaving your account unattended. You will not pay any monthly fees. You will have an assigned payment facilitator who will regularly be in touch with you to provide updates and service.
What are the requirements?
The requirements are basic, and you have to have a website where PayPal will be integrated into. This is simple enough for most people, and if you run an eCommerce store or physical store that sells online, this shouldn’t be too hard for you.
Your store needs to be at least one day old for this process, or else it could fail.
The other requirement is that you need your SSL certificate, so if you don’t have one, you will need to get one before using the white-label payment facilitator.
Conclusion:
Payments are a direct link to money, and if they are handled incorrectly, they can cause problems with your business and income. The white-label solution offers a way for you to handle payments on your website and keep everything separate from the main site. This means that if you switch payment processors later, then it’s as easy as just canceling one account and starting another.
It would be like you never did business with them in the first place. As a business owner/website owner, you want to make it as easy for your customers as possible, and this means that you are saving them time which is what they want. It also means that your customers don’t have to worry about finding or entering their account information into your website because the white label solution will handle that for them.
The white-label solution offers a way to do that without breaking your back or wallet in the process. There is a discounted monthly fee to be paid. However, it’s nothing major, and most people will agree that the benefits far outweigh any costs. It means you have complete control over your payments, and whether you use PayPal or another provider isn’t an issue with this solution. As long as they offer white-label capabilities, then everything should go according to plan.
