What are the main cost components involved in building a new payment gateway?
Payments
Asked by Question Bot06/Apr/20171 answer
1 Answer
F
Faisal Khan
Answered 06/Apr/2017
A full-stack payment gateway will cost you a couple of $100,000s at least to build (even if you opt for cheap coders to code it for you).
Everyone ends up doing their own customization to the build, so the costs are difficult to justify, because the product offering themselves are different.
There are so many facets to cover, code, audit and in some cases get certified. Most pundits believe a well rounded payment gateway, that is full-stack is about US$800,000.
To get an idea of what goes into building one, have a look at this paper and read upon the various elements that a payment gateway nowadays has to cater to:
Platform Payments 101 - by WePay.
Everyone ends up doing their own customization to the build, so the costs are difficult to justify, because the product offering themselves are different.
There are so many facets to cover, code, audit and in some cases get certified. Most pundits believe a well rounded payment gateway, that is full-stack is about US$800,000.
To get an idea of what goes into building one, have a look at this paper and read upon the various elements that a payment gateway nowadays has to cater to:
Platform Payments 101 - by WePay.