Our Payment Routing Engine allows clients to set up intelligent payment path rules, based on various parameters: credit card type, customer geo-location, BIN data, transaction type, transaction data, volume balancing and distribution, recurring or one-time payments, the acquirer of the initial transactions, etc...
Reduce payment declines or acquirer and bank downtimes:
The most common reasons why a bank rejected a transaction are due to triggered fraud & protection rules, like location (e.g: if the consumer’s card was issued in a different country than where the merchant’s business is located).
It is essential for online businesses to have a backup plan in place to avoid false-positive transaction that may be wrongly declined due to suspected fraud or geographic reasons and to ensure that such failed transactions are re-tested using other acquirers who are most likely to approve them.
In case of service interruption, clients can set up alternative paths to ensure a successful payment through alternative acquirers.
Improved payment processes and transaction costs reduction:
Growing cross-border trade pushes merchants to use multiple merchant accounts and payment methods in order to offer their customers the best payment experience. Using a routing engine makes it possible to create and organize payment processing plans according to various indicators such as: adapter's fees and transaction cost (cheapest first, most expensive last), geographical proximity to the next best acquirer or PSP and thus lower overall transaction costs and improved user experience.
Load balancing to mitigate risk:
Merchants with high transaction volume can benefit of using a load balancing payment gateway to divide credit & debit card payments and control payment flows across more than one merchant account. Load balancing is a great feature to lower the chargeback ratio and mitigate the risk of having funds held by a single acquirer.