Why does a payment gateway development require a lot of time and resources?

Here is one more interesting article that I decided to share with you. Businesses that need to accept payments might consider the idea of developing their own payment gateway. If not to go deep into the details, it looks like an ordinary IT project. But let’s have a closer look and find out what problems and difficulties may occur.   

A payment gateway is a complex financial, legal, and political project. And sometimes, it is more challenging to build relationships with different institutions than develop a payment gateway itself. The government is also involved because traditionally, the financial industry is controlled and regulated by the government.

Taking the information mentioned above into account, the majority of companies choose to license a white label payment gateway instead of developing their own payment gateway. Read about the advantages of a white label payment gateway solution in the full article at #PayVisors