5 signs you’re ready for a programmable payment infrastructure

With a solution that boasts rapid setup and zero initial costs, it's understandable why B2B software companies find some of today’s payment service providers an appealing option for a quick and straightforward payment solution. Initially, many opt for managed providers for their ease of integration and ramp-up friendliness. However, as your business evolves, the limitations of such providers become apparent. It's a natural progression to seek a platform that aligns more closely with your company's growth, your clients' needs, and your financial goals. If you're noticing any of the following signs, it might be time to consider Hellgate?, the programmable payment infrastructure, as a superior alternative:

#1 – Frustration over high costs

Initially, rates such as ICC++ plus 60bps plus $0.20 per transaction may seem manageable. However, as your business scales, these costs become a significant drain on your P&L. When the conversation about costs becomes all too common, it's time to explore alternatives that offer less lock-in, more competition between providers, and therefore real potential for cost reduction.

#2 – Lack of flexibility in negotiations

If you've ever tried to negotiate pricing with your current provider, you've probably encountered their intransigence. Even if you are able to secure minor improvements, these are often offset by increased liabilities, such as chargeback responsibilities. This inflexibility can put you at a disadvantage, especially when your customers expect the ability to negotiate fees. A solution like Hellgate offers an approach that allows multiple payment providers to be integrated simultaneously, enabling competitiveness and profitability.

#3 – Increasing payment volume highlights limitations

While your initial choice of payment processor may have been driven by convenience, as your payment volumes grow, the need for a more robust solution will become apparent. Moving to a platform that allows you to capitalize on this growth is essential. Imagine being able to quickly deploy a system that allows you to connect with the best-of-breed payment providers based on market, geography or use case.

#4 – Looking toward the future: Funding and exit strategies

The value of integrated payment processing as a key revenue or valuation driver is increasingly recognized by venture capitalists and investors. This is not addressed by implementing a plain vanilla payment service provider approach. By building out your own payment infrastructure using a system like Hellgate, you can unlock additional recurring revenue streams that were previously out of reach, making you more attractive to potential investors and buyers.

#5 – The continuous search for an alternative

Often, long before you take action, you realize it's time to move on from your current payment processor. This may be your risk strategy, the lack of service in a particular market requiring a new vendor choice, a multi-vendor strategy, or your latest settlement fee review. All of these are clear indicators that you may want to consider a multi-acquiring and modern approach to your payment infrastructure.

Ready to switch?

If any of these signs resonate with you, it's time to consider Hellgate's programmable payment infrastructure. Unlike the traditional, inflexible options currently dominating the market, Hellgate offers a customized solution designed to grow with your business, improve your profitability, and meet the unique needs of your customers. Transition is easy, with Hellgate's APIs ensuring a smooth integration process.

Don't let legacy payment processing hold you back. Discover how Hellgate can turn your payments into a strategic asset today.