Marc Roberts
COO / Co-Founder

Marc Roberts is the COO and Co-Founder at Zift. Marc has over 15 years of experience in the payments industry helping businesses optimize payments and software companies embed payments into their platforms.
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Nate Hughes
CRO / Co-Founder

Nate Hughes is a veteran in the payments industry with over 23 years experience. Nate began his career in payments at Authorize.net, now owned by Visa and a leading payment gateway. He currently serves as the Chief Revenue Officer and Co-Founder of Zift. 
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Exploring the Landscape of Payment Gateways

The allure of finding a free open-source payment gateway is strong for businesses keen to minimize expenses while maximizing functionality. The idea conjures up images of unrestricted access to code, limitless customization, and freedom from licensing fees. However, the reality is a bit more nuanced, with several costs and considerations to be aware of.

Omnichannel payment gateways

Key Takeaways:

  • Deploying an open-source payment gateway demands substantial investment beyond initial setup, including compliance with PCI DSS standards, infrastructure maintenance, and establishing bank relationships, each incurring significant costs and requiring detailed planning.
  • Open-source payment gateways offer unparalleled customization, enabling businesses to tailor payment processing systems to their specific needs, supporting innovative payment methods, and facilitating easy market expansion through adaptable and integrable platforms.
  • Transitioning from the allure of ‘free’ open-source solutions to value-driven services like Zift emphasizes the importance of quality, reliability, and comprehensive financial infrastructure over mere cost-saving, ensuring a secure and scalable payment processing environment.
  • Zift’s Payment as a Service model provides a sophisticated infrastructure and partnership, focusing on seamless integration and robust financial infrastructure, which simplifies complex payment processing challenges and fosters accelerated business growth through efficient bank relationships and transaction processing.

In the realm of payment processing, while there may be open-source platforms that tout themselves as being ‘free,’ they come with inherent responsibilities that carry significant costs. Ensuring a Payment Card Industry Data Security Standard (PCI DSS) compliant environment, which is non-negotiable, can incur annual audits ranging upwards of 25,000 to 30,000. This compliance is crucial for safeguarding sensitive data and maintaining customers’ and partners’ trust in your business.

Deploying an open-source payment gateway isn’t as simple as a mere installation; it demands a robust infrastructure. You’re looking at the need to maintain a cluster of nodes – each dedicated to database management, application logic, user interfaces, and more.

Developing relationships with acquiring banks and processors is another critical step, not just from a financial standpoint, but as a strategic business move. It involves navigating complex financial landscapes, understanding regional nuances, and integrating systems to enable seamless transaction processing.

Each newly created bank or processor relationship requires integration and certification, which further involves a deep dive into compliance, transaction protocols, and security measures. You’re crafting the backbone of your payment system – an endeavor that requires meticulous planning and implementation.

The journey doesn’t end there. Merchant onboarding systems must be conceptualized and built to provide streamlined and intuitive experiences for new users. Reconciliation processes must be put in place to ensure financial integrity and transparency. These systems are complex, but they are the lifeblood of your payment gateway.

Should your business necessitate physical credit card terminals, the road expands to include EMV certifications and hardware integrations, a technical endeavor pairing financial services with the tangible world, ensuring secure, reliable transactions at the customer interface.

Why Consider Open-Source Payment Gateway Options

Open-source payment platforms offer an unparalleled level of customization and adaptability. They are architectural canvases awaiting the brushstrokes of developers to tailor-make a payment gateway that aligns perfectly with business needs.

These gateways typically come equipped with core functionalities – the essential framework upon which additional features, modules, and capabilities can be skillfully integrated. Within this sandbox, development teams can shine, harnessing the open API code to implement innovative payment methods, streamline integrations, and orchestrate smooth migrations.

White Label Omnichannel Payment Gateway

Business expansion takes on a new meaning with open source platforms, where the ability to rapidly adapt and implement changes sets the stage for accelerated growth and the ability to confidently enter new markets.

An open-source code base becomes the crucible for ingenuity in payment processing, bridging the gap between current capabilities and future needs. It is the tool for creating a payment gateway that not only accepts online payments but does so in a manner that feels native to your operational model and customer expectations.

When considering an open-source payment gateway, it’s about viewing beyond the immediate allure of ‘free.’ It’s about understanding the investment required in monetary terms, innovation, infrastructure, and integration. It’s a journey towards creating a bespoke payment gateway that can securely scale with your business, providing a competitive edge that aligns with your strategic vision and operational prowess.

Navigating the Path to Premium Open Source Payment Solutions

While the temptation of ‘free’ open-source payment gateways can be enticing, experienced business leaders know that the value often lies beyond the price tag. The adage “you get what you pay for” rings especially true in the world of payment processing. With Zift, the emphasis shifts from the allure of free, to the assurance of value-driven, impactful service.

Valuing Quality Over Cost

In an industry where security and reliability are paramount, Zift champions a forward-thinking approach, providing a payment platform that underscore the importance of excellence over cost. Integrating with Zift for Payments as a Service means access to a sophisticated infrastructure that is ready to integrate with your unique business environment. It’s an investment in technology and a partnership designed to evolve with your enterprise.

Holistic Financial Infrastructure

Deploying an open-source payment gateway transcends typical installation. It is a comprehensive strategy that involves building out a financial infrastructure tailored to your business needs. Nodes, databases, and application interfaces are meticulously engineered to form a resilient network that can handle the complexities of modern payment processing. The work required to succesfully implement your own gateway using open-source payment gateway technology may be something you want to dedicate resources to. On the other hand, utilizing Payments as a Service with Zift will allow you to embed payments into your platform and have the confidence you are builing on a proven platform with a reliable robust infrastructure.

Open Source Payment Gateways

Beneficial Bank Relationships and Seamless Processing

Developing pivotal bank relationships is redefined as an effortless aspect of business strategy, thanks to their experienced guidance and well-established connections. Acquirer integrations and streamlined transaction processes become less of an ordeal and more of an accelerated pathway to progress.

Ready to take control of your payment processing with a secure, scalable, and fully customizable solution? Explore the possibilities, where innovative technology meets business growth. Seamlessly integrate powerful payment functionalities into your operational model and surpass customer expectations with ease.

Discover How Zift’s Payment Technologies Can Benefit Your Business

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