Incorporate Payment License For Free

Going the hard way: building payment software from scratch Register your business and trademark ing to your jurisdiction requirements. Partner with a bank and get an account for your activity. ... Acquire a domain name and the equipment needed. ... Hire a Development team who'll build the payment software.

How to create a payment gateway Create your payment gateway infrastructure. You'll need a server to host your gateway, whether it's your own or via a third party. ... Choose a payment processor. ... Create a customer relationship management (CRM) system. ... Implement security features. ... Obtain required certifications.

If you are willing to become a Payment Gateway Service Provider in India, you need to get an approval for the same from RBI. As per Section 4 of the Payment and Settlement Systems Act, 2007, a person cannot operate a payment system until it has received the authorization from the RBI.

Establishing a Payment Gateway without Company registration is not possible. The Company must have a PCI DSS certification. The net worth of the Company should be at least 15 Crore. The net worth should increase to INR 25 Crores within 3 years of operation.

Prospective payment service providers should make an application for the registration of a premise in writing. Upon completion, the duly signed application form and relevant documents are submitted to the central bank for approval.

The cost of your gateway license will depend on the option you select and the functions you need it to support. The gateway software license cost may range from $50K to 250K. Some payment gateway software solutions, such as UniPay Gateway, are available in both hosted and licensable open source code versions.

You can start your business by providing a complete stack of online and offline payment acceptance services for merchants using the payment platform SDK. finance, without having to start from scratch. We offer the software to build a world-class payment service provider business.