Custom Payment Processing
Custom payment processing refers to the practice of building and integrating bespoke payment systems tailored to specific business needs, rather than relying solely on off-the-shelf solutions like Stripe or PayPal. It involves handling payment flows, security, compliance, and transaction management directly within an application's infrastructure. This approach allows for greater control over user experience, data handling, and cost optimization.
Developers should consider custom payment processing when building applications that require unique payment workflows, need to comply with specific regional regulations, or aim to reduce transaction fees by integrating directly with payment gateways. It's particularly useful for high-volume businesses, subscription models with complex billing logic, or platforms that aggregate payments for multiple vendors. However, it requires expertise in security standards like PCI DSS and handling sensitive financial data.