How To Setup A Payment Gateway


If you want to start a payment gateway business, you need to know how to fully implement the entire process. This includes incorporating your company, getting the required licenses and permits, selecting the services you want to offer and choosing a third-party payment processor. In this guide, we’ll go over all of these steps so that you can start processing payments for your clients immediately.

Incorporate Your Company

  • Choose a name. Think of something that’s going to be easy to remember and gives the impression that you’re trustworthy and professional.
  • Choose a place of business in Australia (your registered address). If you don’t already live in Australia, this can be any location within Australia that makes sense for your company.
  • Choose who will manage your company as director or secretary (and/or company secretary). This person must also select their role as director or secretary from our list of available options. For example: “John Smith” is the director and “Jane Doe” is the secretary; John Smith has chosen himself as both director and secretary; Jane Doe has chosen herself only as secretary; etc
  • Click on ‘Save’ when you’re done making changes to each field

Get The Required Licenses And Permits

Once you have your business plan, it’s time to obtain the required licenses and permits. These will vary depending on where in the country you are located, but you should be able to find information on local requirements on various government websites.

  • What licenses and permits are required?
  • How much does it cost?
  • How long does it take?
  • How do I apply for them?

If this seems like too much of a hassle for you, don’t worry—there are lots of resources available online that can help simplify the process.

Select The Services You Want To Offer

The first thing you need to do is decide which services you want to offer, and how you want to structure your business. Here are some questions that will help:

  • What products or services do we want to sell?
  • What technology are we going to use?
  • Who will be our payment processor (the company who processes payments on behalf of businesses)?
  • Which payment gateway(s) should we use, and why?

The answers will vary depending on the type of business you’re running, but here are some general ideas:

  • If your product is digital content like books or music downloads (or something else where there’s no physical good being shipped), then using a direct carrier like Stripe might be the smartest choice because they have very low transaction fees compared with other companies in this category (about 2%). This means that if customers buy one copy at $2 each time then after taxes/fees it comes down around $1 per download so there isn’t much profit left over from every sale made through them!

Choose A Third-Party Payment Processor

If you want to get started with accepting online payments, you’ll need a third-party payment processor. The good news is that there are plenty of options out there; the bad news is that they’re not all created equal. You’ll want to select a payment gateway that is PCI compliant, easy to use and offers support for a wide range of currencies.

To make sure your customers feel safe when paying through your website, it’s important to choose a company with a good reputation and strong security measures in place. A reputable third party payment processor will have clearly defined security standards and policies that it will follow rigorously. The best companies will also offer extensive fraud protection services so you don’t have to worry about chargebacks or other unexpected problems after the sale has been made.

Technology To Be Used

A payment gateway is a software that facilitates the payment process. It can be used for online and offline payments, credit card payments, debit card payments, bank account payments etc.

The technology to be used would depend on the nature of your business and its use case.

Starting A Payment Gateway Business Is Not Rocket Science.

Starting a payment gateway business is not rocket science. You need to know the basics of running a business, the basics of technology, the basics of finance and marketing, law and management.

If you have never run a business before then this might sound like an issue but it is not that difficult because most people have experience in these areas from their day jobs or volunteer work or hobbies.


Starting a payment gateway business is not rocket science. The main thing is to choose the right technology and partner, who will help you grow your business without any hassles.


Founder & CEO
Payomatix Technologies Pvt. Ltd.

Website Ruchi
Website Healing Heart

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