🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Sujai Shanmugam

Developer • 1y

Building a payment gateway from scratch in 2024 is it worth it ? What’s you’re comment on this people

13 Replies
1
11
Replies (13)
Image Description

Laxit Rana

 • 

Repute • 1y

Well, if you do it now you would be competing on the basis of price against giants like stripe, razor pay etc. and sooner or later you would have to increase your price too to make some money. Moreover problem with financial sector is you need to be highly secure while dealing with data and that requires skilled technical people and skilled technical professional are very very expensive. However if you already have very good contacts with companies then it changes the scenario as it's much easier to get profitable in B2B. For example say Amazon's ceo is very close relative of yours and you have convinced him to integrate your payment gateway in lower price compared to razor pay. Then you will have access to huge userbase and if you already have Amazon it will attract other giants as well BUTTT most of startups will run out of money before they can even onboard amazon. That's because entry in this domain is tough unless you are already tech professional working in fintech.

1 Reply
1

More like this

Recommendations from Medial

Image Description
Image Description

Mohammad Saaim Qureshi

Software Development... • 1y

NEED GUIDANCE... I am building a mobile app for a start up company and need to integrate a payment gateway, so i need advice on which payment gateway to use. The requirements are that it should accept international payments also and should be afford

See More
9 Replies
6
Image Description
Image Description

Anonymous User

Hey I am on Medial • 2d

Anybody please help me setup payment gateway for USD payment from India with minimum fee and easy to setup

7 Replies
4

Harshit Yadav

Empowering ideas int... • 20d

I’m building an exciting startup and looking for frontend devs, backend devs, UI/UX designers, and marketers to join the team. No payment upfront – equity/co-founder stake offered Work remotely, flexible hours Great experience building a real star

See More
Reply
1
7

Harshit Yadav

Empowering ideas int... • 23d

I’m building an exciting startup and looking for frontend devs, backend devs, UI/UX designers, and marketers to join the team. No payment upfront – equity/co-founder stake offered Work remotely, flexible hours Great experience building a real star

See More
Reply
2
Image Description

Harshit Yadav

Empowering ideas int... • 15d

I’m building an exciting early-stage startup and looking for passionate frontend devs, backend devs, UI/UX designers, and marketers to join the founding team. 🔹 No upfront payment — equity or co-founder stake offered 🔹 Build a real product from sc

See More
1 Reply
10
Image Description

Kaval

UI/UX • 5m

Hey devs! I’m building an app in India for users outside the country 🌍 Looking for a payment gateway with low fees + smooth international support. Any suggestions from Indian devs? #DevCommunity #IndieDev #PaymentGateway #AppDev #WebDev #MadeInIndia

3 Replies
1
Image Description

Riana Uzeana

Hey I am on Medial • 10m

If you're a college student interested in starting a startup from scratch, comment below!

1 Reply
3
Image Description

Abh code

Passionate Frontend ... • 11m

what is real meaning of building a project from scratch?? Nowadays there are lot many AI tools to help with time constraints like gpt, so if you use this does it mean you are not building from scratch??

2 Replies
4
Image Description
Image Description

Bhavya

Hmu if u r a founder... • 1y

Is it code through which games let us buy token money and use it within our app ,or is it some razorpayx (some payment gateway) which helps us to this Also how does Amazon wallet work ,what technology do they use (again is it code or some payment ga

See More
2 Replies
9

Download the medial app to read full posts, comements and news.