The ISV market is exploding as software companies flourish in new verticals and expand into viable market segments. At the same time, merchants are expecting more out of their payment technology, namely reduced overhead cost.
How much of that market share you can claim is largely dependent on two factors - the substance of the integrated payment platform you’re offering and how quickly you can deploy it.
These are the all-important details that define any successful payment processing partnership.
Before aligning with any particular payment technology platform, evaluate them against these criteria.
What are the specific integrated payments services they can add to your solution? What is the fine print associated with integration? What happens in the event of a problem or delay?
Be clear about what you expect up front – and don’t compromise on it.
Below is our list of the table stakes functionality any would-be payment technology partner should provide.