ISV Payment Processing Partnership

With BIG you have an ISV payment processing partner you can count on.

 

Unlocking Growth Opportunities for Independent Software Vendors (ISVs) with ISV Payment Processing Partnerships

In today’s fast-evolving digital economy, Independent Software Vendors (ISVs) are uniquely positioned to cater to niche markets with innovative software solutions. However, with this opportunity comes the challenge of meeting their customers’ ever-increasing expectations. One of the most significant value-adds ISVs can provide is seamless payment processing integrated directly into their software.

While some ISVs consider becoming payment providers themselves, the complexities and risks associated with this endeavor can quickly outweigh the potential benefits. Partnering with an established payment processor, like Bankcard International Group (BIG), provides a smarter and more efficient path to success.

The Challenges of Doing ISV Payment Processing Alone

ISV Payment processing partner programs built to accelerate your successOn the surface, the idea of controlling payment processing sounds appealing to many ISVs. It promises higher margins and complete control over the payment experience. However, the reality of building a payments ecosystem from scratch is far more daunting than it initially seems. Here’s why:

  • Complex Regulatory Landscape: The payments industry is one of the most heavily regulated sectors, with stringent compliance requirements such as PCI DSS standards, anti-money laundering (AML) regulations, and other financial laws. These rules evolve constantly and staying compliant demands ongoing investments in expertise and infrastructure.
  • Technical Challenges: Developing, maintaining, and securing a payments platform is no small feat. From encryption and fraud detection to building APIs that integrate seamlessly with various banking systems, the technical barriers to entry are immense. Any misstep could lead to significant security vulnerabilities, putting both your reputation and your clients’ data at risk.
  • Liability Risks: Handling sensitive financial data makes ISVs vulnerable to fraud, chargebacks, and disputes. Without the proper systems and expertise, mitigating these risks can quickly become overwhelming—not to mention costly.
  • Operational Focus: Every hour spent on payment processing infrastructure is time diverted from enhancing your core software offerings. This shift in focus can dilute your brand’s value proposition and impact your ability to stay competitive in your niche.
  • Capital Requirements: Launching and managing a payments platform demands significant upfront and ongoing investments. From software development and licensing fees to hiring specialists and undergoing audits, the costs can spiral rapidly.
  • Contractual Obligations: Most payment facilitation contracts require significant minimum volume amounts that impact profitability and many ISVs cannot meet these minimums.

Why ISVs Should Partner with a Payments Provider 

Instead of venturing into the payments space alone, ISVs can leverage strategic partnerships to bypass these challenges. A partnership for ISV Payment Processing can Include:

  • Enhanced Customer Service for Your Clients: With an integrated payment solution, your clients can process transactions directly within your software, streamlining their operations. By partnering with a payments provider, you ensure their payment experience is reliable, secure, and tailored to their needs. This positions your software as an indispensable tool in their business.
  • No Need to Reinvent the Wheel: Why build an entire payments ecosystem from scratch when you can collaborate with an expert? Payments providers have already invested in the infrastructure, technology, and compliance measures. You’ll gain access to a proven system without shouldering the associated burdens.
  • Reduced Liability: Partnering with a payment processor means sharing the responsibility for fraud detection, compliance, and risk management. This significantly reduces your exposure to financial and legal liabilities, allowing you to focus on your core offerings with peace of mind.
  • New Revenue Streams: A strategic partnership enables you to generate additional income by earning a share of transaction fees. This recurring revenue stream can provide financial stability and additional resources to fuel your company’s growth.
  • Seamless Integrations: Established payment providers offer plug-and-play APIs and SDKs designed to integrate seamlessly into your software. This reduces development time, accelerates time-to-market, and enhances the user experience for your clients.
  • Improved Market Differentiation: Offering integrated payment processing can make your software more attractive to potential customers. By delivering a complete, end-to-end solution, you’ll differentiate yourself from competitors who only offer standalone software.
  • Increased Margins: By plugging into a seasoned payment processing partner’s platform your ISV business can start earning from your payments income stream immediately without the R&D, ongoing overhead, and liability of doing it on your own.

Why Bankcard International Group (BIG) is the Perfect Partner for ISVs

At BIG, we specialize in empowering ISVs to unlock their full potential through seamless payment processing partnerships. Here’s why we stand out as the natural choice:

  • Lucrative and Competitive Compensation Packages: We believe partnerships should be mutually beneficial. That’s why we offer some of the most competitive revenue-sharing models in the industry. Our programs are designed to ensure you earn recurring income from every transaction processed through your platform—without taking on the operational headaches of managing payments.
  • White-Glove Service for You and Your Clients: At BIG, exceptional customer service isn’t just a promise—it’s our standard. From onboarding to ongoing support, our team provides personalized assistance tailored to your unique needs and those of your clients. Whether it’s troubleshooting an issue or optimizing payment workflows, we’re here to ensure your success.
  • Scalable, Secure Technology: Our payment processing solutions are built on cutting-edge technology that’s both secure and scalable. Whether your clients process a few transactions per day or handle high-volume payments, our infrastructure ensures smooth, uninterrupted service.
  • Seasoned Payment Processing Team: With BIG you will appreciate our robust platform that is plug and play ready for your business.  From top notch security to best in class service we have paved the path for your ISV’s success. 
  • Unparalleled Expertise in High-Risk Industries: BIG has a proven track record of serving high-risk industries, including cannabis, nutraceuticals, and firearms. This expertise enables us to navigate complex payment scenarios and provide solutions tailored to your clients’ unique challenges.
  • Compliance Simplified: We handle the heavy lifting of regulatory compliance, keeping you and your clients protected. From PCI compliance to risk management, our team ensures all transactions meet the highest standards of security and legality.
  • Tailored Solutions for Your Business: We don’t believe in one-size-fits-all. Our payment processing solutions are fully customizable to align with your software’s unique features and your customers’ specific needs. This flexibility ensures a seamless integration that enhances the user experience.
  • Dedicated Partnership Managers: When you partner with BIG, you’re never on your own. Our dedicated partnership managers work closely with you to maximize your revenue potential and provide strategic guidance every step of the way.

Ready to BIG for Your ISV Payment Processing Partner?

Don’t let the challenges of payment processing hold you back from reaching your full potential. Partner with BIG today and discover how we can help you provide better service to your clients, drive additional revenue, and secure your place as a leader in your industry. Contact us to schedule a consultation and start your journey toward a more profitable and innovative future.