Recreating PayPal

PayPal is a great option for many companies, but if you do business in a location or industry that isn’t served by payment giant, or if there are other reasons that it isn’t the ideal payment gateway for your company, you may be wondering if it is possible to create a PayPal alternative. It’s not easy. There are, after all, no manuals that tell you step by step how to recreate PayPal’s functionality, but it can certainly be done.

The two most important elements in creating an e payment gateway are a wallet and a gateway. The wallet allows you to securely store customer data, while a full featured gateway allows you to process payments. Fortunately, both of these elements are licensable as open source products. One of the best payment gateways for online business is the Unipay payment system.

Building your payment gateway on the UniPay system allows you and your clients to accept credit card payments without investing hundreds of hours and thousands of dollars in development and relationship building.

You will still need to gain acceptance from your clients for your product, but a good marketing strategy will help you overcome that issue.  When you let UniPay worry about development, you have more time and money to spend on marketing. To learn more, visit PayVisors for comprehensive articles on how UniPay can work for you.