Payment Gateway?

Question

Is it possible to create a payment gateway locally for my own country only using our own banks? And what language do I need to create a payment gateway? Please feel free to share your knowledge 😊

Answer 1

Yes. With lots of work you can create a new payment gateway that works with nothing other than your small country's banks.

It should be far less difficult to get your country's banks supported by PayPal than create your own payment gateway, though. A call with PayPal should start the process if PayPal doesn't already support them.

The work to make your own payment gateway would be very difficult and expensive. It would require you to:
- talk with each bank's IT staff and work with them to create necessary API's and make them available to software you'll need to create. Maybe you can reuse API's they have made for online banking. Ideally, the bank already has its own payment gateway.
- Create the software, the payment gateway. This could be a web application with API's. It will essentially relay information with the banks through their API's to transfer money.
- Create a software development kit for web developers that want to use your payment gateway on their websites.
- Ensure your payment gateway is secure.
- Get insurance.
- Get legal services to work out contracts with the banks, with the customers, and anticipate legal risks.
- Publish documentation on how to use your payment gateway's software development kit
- Promote it
- Help web developers in your country use it to connect with those banks.
- If you collect fees from transactions, you'll have to manage the money. Hopefully it pays for itself and then some.

If you're not sure what a payment gateway is, watch:
https://www.youtube.com/watch?v=GUurzvS3DlY