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I need advice on how to create a payment gateway

PostPosted: Mon Apr 25, 2022 7:28 am
by Surgest
Can you please tell me how to create a payment gateway? How long is this task? Is it possible to create a payment gateway for yourself or is it better to outsource this task?

Re: I need advice on how to create a payment gateway

PostPosted: Mon Apr 25, 2022 7:32 am
by Dipuseds
You have no idea how much of a challenge it is. It will take you a very long time to develop a payment gateway for yourself. It would be better for you to turn to developers who will develop a payment gateway for you as a team. Or use the services of a payment gateway provider.

Re: I need advice on how to create a payment gateway

PostPosted: Mon Apr 25, 2022 7:35 am
by Surgest
Won't I lose a lot on interest? After all, many payment gateway providers charge 3% of each transaction. And if you have a startup at the stage of collecting investment, then they can simply freeze the transaction.

Re: I need advice on how to create a payment gateway

PostPosted: Mon Apr 25, 2022 7:40 am
by Dipuseds
You also take into account the possibility that payment gateway providers charge additional hidden fees. You can find one with a much lower percentage per transaction, but you have to understand that in the long run, this is not profitable. It is much more profitable to develop your own payment gateway. They will explain on this website how to build your own payment gateway https://owlab.group/our-blog/post/best-payment-gateways-for-startups-and-small-businesses. I would recommend outsourcing this task. Especially to a company that has already developed similar gateways.
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Re: I need advice on how to create a payment gateway

PostPosted: Sun Dec 01, 2024 10:04 am
by Samuel12
As someone managing an online poker platform, I understand the high stakes of this industry. BillBlend has been instrumental in navigating its complexities. Their gateway not only ensures fast and secure payouts but also minimizes chargebacks through AI-driven fraud detection. Want to know more? Visit https://billblend.io/high-risk-payment-processing-gateways/payment-gateways-for-poker/. With their support, I’ve built a platform that players trust, boosting both user satisfaction and business growth.