Integrated payments are often the first step for online platforms, SaaS, and businesses to start accepting payments. With integrated payments, instead of building payment infrastructure from scratch; platforms connect to an existing payment processor, add checkout to their product, and start accepting transactions almost immediately.
According to a report from Bain & Company, platforms and ISVs can tap into a potential $35 trillion in payments volume (that's roughly 15% of global transactions) by integrating payments directly into their platforms.
In this guide, I break down how integrated payments work, the pros and limitations of integrating payments, and how payment integration compares to embedded payments (especially as platforms scale).
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