The Value of Independence in Payments
Regulated Financial Institutions often seek to profit from buying out payment technology providers. The latest exits in the payments industry are evidence of it: PayU bought zooz, Verifone took over Dimebox, and Payoneer purchased Optile.
But do merchants really benefit from contracting both financial and technical services from such one-stop-shops? Not necessarily. A good deal in one market is often not easy to reproduce in another, which can complicate the international expansion of merchants.
When breaking into new markets and attempting to ensure the optimal processing of transactions, it is best to work with multiple payment service providers (PSPs). Once you do so, you quickly learn how greatly these companies vary in fee structure, transaction lifecycle, data availability and granularity.
We integrate IXOPAY to PSPs, Acquirers and APMs directly, and often see that a PSP integration requested by one merchant comes in handy for other clients down the road. We are fully committed to staying independent and helping our clients avoid provider lock-in situations.
Stay Truly Provider-Agnostic with IXOPAY
IXOPAY offers enterprise merchants a cutting-edge solution for managing multiple PSPs. By virtue of being committed to our independence and not being part of any financial institution, we spare ourselves the trouble of harmonizing the interests of stakeholders and merchants.
With IXOPAY, merchants have complete control over which PSP handles which transaction. Add your various fee arrangements to our payment orchestration platform and use its drag-and-drop interface to create smart routing rules that benefit your business, by maximizing authorization rates while minimizing transaction fees. Among the many criteria available for smart routing decisions are card data, customer data, geolocation, and risk classification. When you negotiate new contracts with your existing partners or add additional ones, you can adapt your routing setup quickly and easily.
As of today, IXOPAY connects merchants to over 65 PSPs and Acquirers worldwide, covering hundreds different payment methods, and with several new providers being added each month.
We integrate IXOPAY to PSPs, Acquirers and APMs directly, and often see that a PSP integration requested by one merchant comes in handy for other clients down the road. We are fully committed to staying independent and helping our clients avoid provider lock-in situations.
About IXOPAY
IXOPAY is a Payments Orchestration Platform enabling independent, flexible and global payment processing. As a highly scalable and PCI-DSS certified “Fintech Enabler”, IXOPAY fulfills the needs of large merchants as well as those of “White Label” clients: Payment Service Providers (PSPs), Acquirers and Independent Sales Organizations (ISOs). The modern, easily extendable architecture offers smart transaction routing & cascading, state-of-the-art risk & fraud management, fully automated reconciliation and settlements processing, comprehensive reporting as well as plugin-based integration of Acquirers, Payment Service Providers and Alternative Payment Methods (APMs).
IXOPAY is part of the IXOLIT Group, founded in Vienna, Austria in 2001. With local entities in Austria and the USA, IXOLIT supports national and international customers across various industry verticals. The owner-led and -financed company has grown from 2 to more than 65 employees and is focussed on building innovative solutions for eCommerce.