A software developer working on coding a payment gateway

How to Develop a Payment Gateway

Online marketplaces are complex systems. That’s true all the more when you decide to equip them with a custom payment gateway you developed (and there are many good reasons why you should do so). 

As a development company, offering CoreWallet, a software foundation for payment and ewallet applications, we are familiar with the complexity of creating payment gateways.  It’s important to approach the development process with a clear plan. To help you master the technical challenges, we have compiled the common stages of such a payment gateway project for you. And we’ve also collected a few best practices. 

So, let’s walk the walk. Let’s build a payment gateway. 

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Two computers placed opposite of each other, symbolizing the advantages of third party software over in-house development

Why Third-Party Solutions Bring First-Rate Results

Do it yourselfit’s an overrated mantra. 

At first, those three letters promise empowerment. You have full control over what you do and which way you want it to be done. Take fice, third-party software, we are on it ourselves. 

But then you stumble over the prerequisites. You have to know how to do it all in the first place. And that you have the right tools for the task. But that should be doable, too. I have a screwdriver lying around somewhere? And there must be a YouTube tutorial for this, right? 

Well, when it comes to the complex field of software development, the truth is a little more complicated. 

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A big predatory fish facing a school of small predatory fishes, symbolizing the system architectures monoliths and microservices, respectively.

Monoliths or Microservices? A Comparison

Which Architecture Fits Your Business Best?

It’s a question no company hosting their own app or software program can avoid: Microservices or monoliths? Which system architecture shall it be? 

Skimming through the world wide web of tech talk, you might notice a distinct tendency: The Monolith seems to have fallen out of favor in behalf of microservice SOAs. But there are counter voices, too. They point out that microservice architecture comes with its own set of problems.

But what are the specific advantages and disadvantages of microservices and monoliths? First and foremost it’s all…

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