What Companies Can Get the Greatest Benefit from Open Source Payments

There are few, if any, companies that wouldn’t get some benefit from using an open-source payment gateway, but there are three classes of company that can get the greatest benefit.  Open source is growing in popularity and it was only a matter of time before payment processing went open source as well.

If your companies is in one of the following categories, open-source payment processing could be a tremendous benefit to your company.

Software - Many software companies have started using payment gateway solutions to provide complete solutions to their customers.  If you offer POS systems or shopping carts, payment gateways are the perfect addition.

Payment facilitators - Payment facilitators might process thousands of transactions and need the best payment gateway available.  A robust and well-designed payment gateway can be the ideal intermediary for connecting with other gateways and creating a single point of record. Most payment gateway systems allow you to connect directly with acquirers, so the payment gateway can more fully replace old systems.

Legacy system users - If yours is one of the many companies that has had the same software for decades, you may be thinking it’s time to update, but the prospect can be daunting.  Modern open-source gateway payment services are an excellent way to update your system.

For more information on updating your system to an open-source payment gateway, visit PayVisors, a consulting company with in-depth information on this topic.