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By: Pravin Vazirani

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Build vs Buy – Is Building a Custom Payment Gateway Right for You

Should you build, or buy? This is the million-dollar question.

There are several maintenance and developmental costs involved in building your own payment gateway from scratch. You’d be paying much less to use an external payment gateway system than you would if you were to create a payment gateway system yourself.

It can get very expensive to create your own payment gateway system from scratch. However, opting for a custom platform will provide you with the solutions that you require without breaking the bank. So, if you were to invest in a custom platform rather than a newly developed platform, then you’ll be investing in a long-term product that is optimized to meet your specific business needs.

Here's where we're going if you want to jump ahead:

A payment gateway should allow merchants to accept digital payments quickly, securely, and easily. The primary component of any secure payment gateway is to process transactions in a way that keeps your customer’s money and data safe. A custom payment gateway typically requires a larger investment in terms of time and money, however, this custom payment gateway solution will dramatically help your business grow and prosper. A secured payment gateway helps you gain the trust of your customers so they are willing to make transactions.

There is a vast array of payment gateways to choose from in today's market, each with their own benefits and drawbacks that affect the services you can offer through that platform. Determining the pros and cons of every off-the-shelf software can make the process of choosing the right payment solution very time consuming and tedious.

Below, we will discuss the pros and cons of opting for a custom payment gateway, the primary components of a payment gateway portal, differentiating factors for your payment gateway, and what it is that merchants are looking for.

Analyzing the Pros & Cons of Creating Your Own Payment Gateway



Key Components of Payment Gateway Portals

graphic depicting payment gateway security

Additionally, your user data requires a robust framework and protection policy. Your system must be able to receive customer information and process payment transactions on a secure network. Payment Gateway Developers must utilize best practice and secure coding procedures during development in order to ensure that the gateway is compliant with all financial regulations. Some things to keep in mind when developing for compliance include:

Payment Gateway Software

Common Pitfalls of Payment Gateway Portals

Differentiating Factors in an Over-Crowded Market

graphic representing payment gateway api integrations

What Are Merchants Looking For in Payment Gateways?

Owning a payment gateway that is designed to your specifications can be a valuable tool for your business. It allows you to provide a single, integrated solution for point of sale (POS) and payment processing, which you can then offer to merchants as a replacement of the current payment gateway they may be using.

However, to ensure that merchants are willing to part with their current provider, your payment gateway must be secure to reduce the risk of chargebacks and have a wider range of options for choosing an acquiring bank for creating settlement accounts. It should also offer competitive fees, faster settlement, excellent customer support, and high-quality reporting.

Building a payment gateway will enhance your commercial capabilities. Injecting your payment platform with features to support financial processes, such as settlements, account balances and payout features will multiply the value of your custom solution.

For more information on payment gateway and processing solutions, visit


Chetu, Inc. does not affect the opinion of this article. Any mention of specific names for software, companies or individuals does not constitute an endorsement from either party unless otherwise specified. All case studies and blogs are written with the full cooperation, knowledge and participation of the individuals mentioned. This blog should not be construed as legal advice.

Chetu was incorporated in 2000 and is headquartered in Florida. We deliver World-Class Software Development Solutions serving entrepreneurs to Fortune 500 clients. Our services include process and systems design, package implementation, custom development, business intelligence and reporting, systems integration, as well as testing, maintenance and support. Chetu's expertise spans across the entire IT spectrum.

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