From Hosted Payment Gateway to Licensed Solution

A lot of organizations these days prefer their own payment gateway solutions, which will allow them to provide gateway services to their customers under their label. However, owning a payment gateway solution is not easy and it requires countless formal requirements and procedure with huge investment and constant expenses. In order to be secure from all the formalities, many companies prefer starting from a white label gateway or third-party solution. This allows the volume to grow and them to become more mature and sophisticated to the point that will allow them to create their own payment solution, either from the very beginning or with help of accessible licensed gateway product.

How will the hosted payment solution gateway work?

For instance, you run a small organization with the relatively modest desire that want to own payment gateway solution under your brand label. For the customers, your brand will be known as the gateway solution provider, but in this case, only the name will be yours; the ‘host’ will be the one that will handle all the technical things of the process that includes server, infrastructure, data centres, development, etc. Your control over the payment and the other related process will remain limited.

Gradually, as the volume grows the needs of your company will become more sophisticated and mature. This might build the urge in you to add new and advanced features to your hosted payment gateway product. However, this will not be possible unless you have the license for the product, and this when the ‘option to buy’ comes to your rescue. The ‘option to buy’ feature will give you the freedom to customize the open-source code products. If that is the case, you can modify any licensed product into a newly developed need. Moreover, the support and development team of the license owner will be available for your guidance and to help you with any essential improvements.

Some of the modern payment management software provides hosted payment solutions with the option to buy. UniPay gateway solution is the best example to describe the in-house licensed open source code solution of the hosted payment gateway technology. UniPay gateway solutions might the first and only one you will need. You can initiate by using the UniPay gateway technology as the hosted payment gateway solution and then you can either bring it in-house or modify it. UniPay’s internal development and support team will be there for your help and you can always reach out to them for any guidance or advice. Besides, the UniPay Gateway is already in integrated with a mass of acquirers and processors, and through collaborating with UniPay you can get access to that.