Business Idea: Start An Universal Payment Gateway Development Business in 2024
Tired of juggling multiple payment systems for different clients? Consider starting a universal payment gateway development business. Universal payment gateways streamline the process of accepting payments from various platforms and currencies, simplifying transactions for merchants and improving user experience.
Developing a universal payment gateway involves designing software that can seamlessly integrate with numerous payment methods, from credit cards to digital wallets. Your clients will be businesses seeking a one-stop solution to handle diverse payment channels without the hassle of managing multiple systems.
Embarking on this business offers a unique opportunity to tap into the ever-expanding e-commerce market. Merchants are constantly looking for ways to simplify and secure their payment processes, making this a lucrative field. If you have a knack for software development and a passion for fintech, this could be an exciting venture to pursue.
Revenue & Profitability
How much do universal payment gateway development businesses make?
- On average, successful universal payment gateway development businesses report $12.6M/year in revenue.
Startup Costs
How much does it cost to start an universal payment gateway development business?
- It can cost as low as $600,000 to start an universal payment gateway development business.
- It can cost as high as $2,000,000 to start an universal payment gateway development business.
Learn more about the costs of an universal payment gateway development business.
Examples Of Successful Universal Payment Gateway Development Businesses
Successful universal payment gateway development business businesses and case studies
Bangladeshi MD and CEO Fida Haq established shurjoPay in the e-Commerce sector in 2010, a payment gateway as a merchant service provider so MSMEs could accept online payments in a country that lacked such a solution; now averaging $1.5M in transactions per month with 600 merchants, and expanding services with QR-based payments and payment links.
Akurateco, a Netherlands-based payment software provider for fintech companies, bootstrapped their white-label payment SaaS to reach 1 million transactions, receiving recurring payments from 20+ clients every month with an average of β¬5,000 per client, and they plan to break even by Q2 2022 and achieve a capitalization of $100+ million in the next 5-7 years.
See full list of successful universal payment gateway development businesses.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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