Payment gateway in 20 minutes: myth or truth?

For many businessmen, connection to a new payment provider is a living hell. And not because of the technicalities of the process, but due to banal bureaucracy: once you’ve put up a connection request, they start to throw tons of questions, terms and conditions, contracts, additions to contracts, and so on. 

Why does it happen? 

Option 1. The payment provider’s desire to secure itself 

Services that are not good at working with high-risk categories prefer to avoid them altogether. So they bug all clients with long corporate questionnaires, trying to find any unacceptable to their taste nuances. 

Option 2. Unprofessionalism

Enormous amounts of paperwork and questions can be a sign of amateurs. Not knowing for sure what’s necessary to set up and run a payment service, they gather as much data as possible. Yet, half of it is irrelevant, and the other half would be needed in very specific, rare situations. 

Option 3. Personal animosity

When you’re out of more or less adequate options, only malice comes to mind. Could it be that the payment service manager disliked you for some reason and now is just trying to get rid of you? Who knows. 

What can you do with inadequate bureaucracy? 

The only thing you should – namely, abandon such “service” as soon as you encounter it. Whether your project needs a high-risk merchant account or not, it’s not a reason to go through this bureaucratic hell and do hideous amounts of paperwork. 

BetaTransfer know the minimal viable data set for the connection of a payment gateway. And it’s not about your project’s every little detail, but rather its individual features such as niche, turnover, geo, etc. – the details that will allow us to pick a perfect payment solution for you. Thanks to this approach, as well as our professionalism and experience, we connect new projects quickly and effortlessly, up to 3 days tops. And the most prompt case took only 20 minutes. 

Are you ready to beat this record? Contact us now!