A person with a credit card sitting at a laptop, which symbolized online e-commerce payments

The Payment Construction: A Guide to Custom Solutions for E-Commerce Companies 

In the realm of e-commerce, companies have to keep a fast pace and deliver on their target groups’ preferences. As customers demand frictionless payments, success is often defined by the smoothness and ease of transactions. Getting such payments on the road is a crucial challenge faced by many businesses. In pursuing this ideal, secure, custom payment solution often encounter roadblocks that hinder growth and efficiency. 

The good news is: Your e-commerce company doesn’t have to face such obstacles on its own. We are thrilled to announce a collaboration that will support you in optimizing payments, from start to finish. trimplement, EPAM, and CORE SE have united their experience in business consulting, payment domain knowledge, and payment software development. Doing so, we have created a free guide, we help you identify contemporary payment challenges and possible solutions. 

Let’s start right away.   

The Limitations of Off-the-Shelf Solutions

Off-the-shelf payment solutions, while readily available, often lack the finesse required to meet the needs of an e-commerce business. They offer a one-size-fits-all approach, unable to cater to the intricacies and unique requirements that different businesses demand. 

The result often is… 

  • a mediocre user experience
  • a lack of control over core payment features
  • an absence of ownership of crucial data 
  • prone to excessive transaction fees imposed by external payment service providers
  • an impractical fit for unique, specialized e-commerce companies.

The Solution: Building Custom Payment Gateways

Imagine a payment system designed specifically for your business needs, ensuring a seamless user experience. That’s precisely the transformative solution that custom, in-house payment gateways provide. Such a solution enables you to streamline your operations, reduce payment costs, and facilitate easy merchant onboarding.

Let’s delve into the features that custom payment gateways bring to the table. Implementing a custom payment gateway, your business can achieve: 

A customer granting a medal for good customer experience

Seamless User Experience

Refine the user experience to precision, storing customer payment details and enabling one-click payments, setting new standards in user satisfaction.

Reduced Payment Costs

Implement payment routing features, to route payments to cost-effective payment providers and give yourself a better negotiating position. Thus you can reduce fees that external payment service providers often charge for increasing transaction volumes and save money in the long run.

A merchant granting a medal for good merchant experience

Easy Merchant Onboarding

Streamline the merchant onboarding process with a tailored merchant UI. It is capable of customer registration and verification in line with KYB standards. Thus it ensures swift onboarding of suppliers and sellers.

Data Sovereignty

Ensure the security and privacy of your customers’ data by storing payment data internally. Then, utilize this data to analyze customer behavior and tailor personalized experiences.

Improved Payments and Refunds

Drastically reduce payment failure rates, optimize the checkout process, and expedite customer refunds, enhancing the overall payment experience.

A payment gateway with an open lock, representing absence of vendor lock-in

No Vendor-Lock In

Maintain ownership of the code, allowing you to seamlessly adapt features to meet your company’s needs. You can also share your custom solution within your organization, to build up a unified brand presence.

The Payment Construction: Your Guide to Better Payments 

You want to get a custom payment gateway, but need direction on how to proceed? 

We are thrilled to announce a collaboration that will support you on your way to better payments, from start to finish. trimplement, EPAM, and CORE SE can help you find a comprehensive payment strategy and construct custom payment gateways that will meet customer as well as merchant expectations in global e-commerce.

The opportunity to redefine your payment processes and enhance customer satisfaction is at your fingertips. Check out our free whitepaper “The Payment Construction: How to Build Success in E-Commerce” to further explore how industry leaders can tackle the challenges of digital payments and set up integral solutions. 

Get Your Free Payment Guide Now

Christoph Laurer

Christoph Laurer is the Content Editor at trimplement, taking care of Social Media, SEO and analytics as an added bonus. With his storytelling, graphic and video editing skills, honed by working for different industries, he distils fintech and banking topics down to legible form. If you don’t find Christoph at his writing desk, you will probably meet him at the cinema.

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