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Is Becoming a Payment Gateway Reseller Worth It?

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Ecommerce only continues to grow. One recent study found that the world will include 1.92 billion digital buyers over the course of the next year, and every single one of them is a potential customer for the next ecommerce startup. Companies that do business online, though, need serious help in a number of different areas. Often they need assistance with inventory, bespoke computer systems, and much more. If you’re one of the many companies who offer that assistance, you may be looking to step up your game a bit. Entering the world of payment gateway resellers can help you do just that, and it could prove to be a very profitable investment.

What Is a Payment Gateway Reseller?

If you’re not familiar with the concept already, the idea here is that you market another company’s digital payment processing services to your clients. You get a great rate from that payment gateway company, and you choose to mark up your services in any way you want.

For example, maybe the rate the company offers you is three percent and twenty cents on every transaction. You’d be able to mark that up for your customers as much as you like. If you upped the transaction fee to thirty cents per transaction, you’d get ten cents every time they processed a sale. It may not sound like a lot of money, but if you have a customer who is doing a serious volume of business, it’s going to add up quickly. You can mark up any part of the rate you like, and if you have several companies working with the payment services you’ve resold, you’re going to have a beautiful revenue stream you may not have previously considered.

Why Y2 Payments?

Decided this is the right opportunity to meet your needs? Y2 Payments is the perfect partner. Our system is certified by the biggest credit card processors in the industry, and our interface means you work seamlessly with your clients. We even offer customization that helps promote your company’s brand as well as a great leads program and unlimited support that’s always free.

Ready to become a payment gateway reseller with us? Give us a call today at 888-693-1850 to learn more.

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What are Credit Card Surcharges

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Credit card surcharges involve the addition of a small fee added to a transaction. They’re added to cover the cost of processing a credit card transaction. This is why businesses often have a minimum purchase amount if you intend to pay with a credit card. Credit card surcharges are often unfair to the consumer, and surcharge models are always unfair to businesses.

Surcharge Structures Overwhelm and Confuse

Credit card surcharges are often modeled to unfairly qualify some businesses with high processing rates and fees. This means they either have to absorb these fees or punish their customers with higher costs – which can lose customers. There are hidden fees, tiered pricing systems, and other elements that can make it confusing to understand just what your business is signing up for.

Many of these cost elements have a legitimate foundation, a reason for existing. As they become overwhelming, many are in there simply to make businesses throw their hands in the air and figure this is the best surcharge situation they’re going to be able to get.

Many Businesses Need an Alternative

You can choose a more modern alternative. Credit card surcharges subscribe to a model of end-point sales that hasn’t really caught up with today’s market of online sellers, referral services, small-cost marketplaces, or even the business-to-business economy as it’s evolved. Because of this, surcharges and fees can grow to high-risk territory for businesses that just aren’t high-risk.

If your business sells a low volume, you shouldn’t be punished so that you make even less from it. If you rely on high-cost sales, you shouldn’t have a chunk of that taken out. Neither should you have to pass costs on to customers that risks them going elsewhere. The old surcharge model has not adapted quickly enough to the way the world works today. It’s fallen behind for too many who are working too hard.

Interchange Plus Pricing

Interchange plus pricing is a more reliable and predictable model for many who fall into these categories, or who just don’t find credit card surcharging fair. You know your fees up front. There are no hidden fees or added rates. There’s no three-tier structure for punishing hard-working businesses. It’s simple, easy to implement and engage with, and it’s client-oriented.

You have options beyond simply signing up with the least damaging processor. It’s worth it to investigate what else is out there. Contact Y2Payments today at 888-693-1850 for a free no risk statement review & audit!