Boosting Success: Mastering Payment Orchestration
Best products have the most robust foundations.
In the fast-paced world of digital currency, businesses face a significant challenge in maximizing the number of successfully completed transactions, also known as the success rate. Failed transactions and a lack of understanding of payment rejection reasons often lead to disappointed users who may never return, impacting overall business performance.
While many consider this an unavoidable aspect of the industry, at Paybis, we saw it as an opportunity to address this pain point with our White-label On/Off ramp solution. Designed to help you skyrocket your approval and success rates in no time, it offers a multitude of invaluable benefits, with an advanced payment orchestration layer being a guaranteed solution for low success and approval rates.
One of the primary goals of the white label on/off-ramp was to address the challenges faced by users and businesses in the industry. Among the numerous benefits it offers, the standout feature that can significantly improve success and approval rates is our advanced payment orchestration layer.
We take great pride in providing a tool that enables us to seamlessly manage every alternative payment method (APM) and payment option available, empowering you to drive success and approval rates up. In 2022 alone, we saved at least 11.61% more transactions that would have otherwise been declined, resulting in an average monthly revenue increase of 9.72%!
With payment orchestration, we have created a complex ecosystem that ensures each transaction is optimally routed based on a variety of parameters such as BIN, sender, and recipient country, availability of traditional or alternative payment methods (APMs), MID (Merchant Identification Number), and more. Developing and implementing such systems typically takes years of expertise, but at Paybis, we have already built it into our solution and are eager to implement it into your product.
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What Does This Mean for You?
If your customers’ card transactions fail, our system automatically cascades them between alternative card acquirers, continuously routing them until the best one is found. This approach allows us to build a fully legal and flexible routing system for your clients, leveraging a comprehensive set of parameters. Behind the scenes, we have a wide range of acquirers competing to process every payment, and our system intelligently routes each operation to the acquirer with the most effective characteristics. We possess in-depth knowledge of the strengths and weaknesses of each acquirer, as well as their most effective regions. Utilizing our orchestration layer, we can efficiently route transactions to one of our three domestic acquirers: the UK, Europe, or the US.
Combined with our ongoing efforts to add new APMs to the ecosystem, we maintain our position as a leader in boosting success and approval rates, ensuring maximum benefits from every transaction for our partners.
Decoupled 3Ds
Additionally, we have implemented a revolutionary tool called decoupled 3DS. This feature separates the 3DS verification code required for transaction processing from the card payment itself. As a result, cascading transactions to different merchants or payment methods become significantly simpler. Your clients won’t need to input their 3DS code repeatedly if a transaction needs to be transferred multiple times. This innovative approach greatly improves the overall customer experience, driving loyalty, expanding the customer base, and ultimately increasing success and approval rates.
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Fallbacks
Furthermore, our fallbacks feature sets us apart from the competition, providing a unique solution to enhance approval and success rates. Fallbacks allow us to reroute transactions that couldn’t be processed to alternative payment methods, usually the most popular ones in the region of the transaction.
Thanks to our robust fallback functionality, no sale is ever lost, even if a credit card transaction fails. Once a transaction requested through one payment method is declined, we automatically search for an alternative processing method, ensuring the transaction continues its journey until the right acquirer is found. This method not only saves even the most “problematic” transactions but also aids in detecting fraudulent activity.
Our tools, such as decoupled 3DS and fallbacks, are just a glimpse of what we offer to address the issue of low success and approval rates. With our extensive knowledge and access to a wide range of unique instruments, we can easily mix and match these methods, guaranteeing maximum benefits for both you and your clients. By utilizing advanced payment orchestration, we help you create a superior product that effectively addresses one of the most common problems in the crypto industry: low success and approval rates. This results in happier customers, improved UI experience, and increased transaction volumes.
To learn more about how our services can revolutionize your business, we invite you to get in touch with our sales team. Our expertise in payment orchestration and commitment to delivering exceptional results will help you overcome the challenges posed by low success and approval rates in the crypto industry.
Join us today and experience the power of payment orchestration with Paybis.
Disclaimer: Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at: https://go.payb.is/FCA-Info
