Choosing Between Payment Gateway Certification or Direct Device Certification for ISVs
Another important consideration for independent software vendors that use physical devices to process payments is which type of certification will best suit their requirements. Direct certification takes place at the device level, and necessitates all devices used by the ISV to process payments to be of the same type. Gateway certification takes place with the third-party payment processor, thereby allowing the ISV to leverage a variety of different devices and enabling greater levels of customization in the solutions they provide to their merchants.
There are advantages and disadvantages to each certification method. With a direct payment certification model, there are no additional service fees to be paid to a third-party payment provider for this step of the process. However, with a direct certification approach the ISV is limited to a certain type of device, which may affect the nature of future software capabilities they wish to develop. While some ISVs may not specifically be hindered by this, others may find that reliance on a single type or family of devices may limit innovation and the ability to incorporate new functionality down the road.
Gateway payment certification allows for far greater flexibility and innovation in software development, but carries additional costs in the form of higher processing fees. Furthermore, not all gateway providers offer comprehensive customer service and technical support, which means that an ISV may have difficulty in achieving the necessary level of customization in their systems to meet their objectives. By opening the door to unlimited customization, ISVs who leverage gateway certification can be more nimble in adapting to evolving market conditions and can capitalize on emerging markets with greater speed.
Powerful and Flexible Payment Processing Solutions for Independent Software Vendors
It bears repeating that the one thing that most directly impacts the successful implementation of a payment solution for ISVs is the merchant services provider they choose to partner with. The last thing your business needs is to repeatedly look for additional providers to fill the gaps of a merchant services company that does not offer complete end-to-end payment processing solutions. Ideally, your payment processing partner should be able to deliver physical payment hardware, online payment gateway connections, systems integration services, and payment certification all in one complete package.
MONEXgroup is your all-in-one merchant solutions provider, and we are able to support all ISVs with comprehensive turnkey payment processing systems to suit any application. In addition to offering multiple online payment options in the form of ecommerce payment portals and virtual terminals, we also provide a complete suite of in-store POS solutions and a diverse array of unattended and self-serve payment terminals that can be integrated into all types of systems that rely on software created by ISVs.
Whether you believe your business would be best suited to use a direct payment certification approach or gateway payment certification, we are able to deliver and support both types. Furthermore, while some payment processors only work with one particular type of payment gateway, MONEXgroup is able to support any gateway. This has the advantage of giving your business unparalleled choice and flexibility to adapt to changing market conditions and customer demands.
When a physical payment terminal is needed to complete the systems your ISV provides to your customers, look no further than the MONEXgroup Unattended payment processing terminal. Featuring a fully customizable touch-screen interface, durable construction, intuitive design, and total compatibility with all credit card, debit card, and digital payment methods, these powerful payment terminals are ideal for a vast array of applications. For ISVs who produce software for systems used in businesses such as car washes, parking lots, self-serve vending, laundromats, EV charging stations, and more, there’s no better unattended payment terminal.
MONEXgroup also supports software developers with online payment gateways and ecommerce systems that can be integrated in all types of apps where payment functionality is required. Our team works directly with you to ensure 100% compatibility with your software and the payment processing gateway, and provides 24/7/365 technical support to answer any questions or assist with any need your business may have.
Contact MONEXgroup today to learn more about payment solutions for ISVs and get a quote! Our turnkey payment solutions make it easy for your ISV company to integrate full functionality for payments.