In-House Payment Processing
In-house payment processing refers to a business model where a company builds and manages its own payment infrastructure to handle transactions directly, rather than relying on third-party payment service providers (PSPs). This involves developing custom software for payment gateways, fraud detection, compliance, and settlement systems. It gives businesses full control over the payment flow, data, and user experience.
Developers should learn about in-house payment processing when building scalable e-commerce platforms, fintech applications, or any system requiring high-volume, low-latency transactions with strict data control. It's particularly relevant for companies in regulated industries like finance or healthcare, where compliance (e.g., PCI DSS) and security are critical, or for businesses aiming to reduce costs and avoid vendor lock-in by customizing payment workflows.