How Approval Rate Works
Approval rate is typically calculated as the number of approved authorizations divided by the total number of authorization attempts over a defined period. It can change based on issuer behavior, authentication outcomes, routing choices, provider performance, and how declines are handled.
In Akurateco’s customizable infrastructure, decisions run in real time, using transaction data, smart routing methods, and platform functions inside one system to apply consistent logic across providers.
Why Approval Rate Matters for Your Business
A higher approval rate means more completed payments from the same traffic and lower revenue loss from avoidable declines. It improves checkout reliability and reduces customer drop-off caused by failed attempts. Over time, a higher approval rate stabilizes payment performance across markets, currencies, and providers.
Akurateco improves approval rates through controlled routing and retries, selecting stable routes for each region, currency, and other predefined rules. Businesses can access scalable, open-source infrastructure and easy API integration without having to rebuild anything.
Wrapping Up / Final Note
Approval rate is a core metric for payment success, reflecting how effectively transactions pass through different PSPs and issuers in real conditions.
Akurateco helps merchants improve their approval rates through its payment orchestration platform, which applies smart routing rules and cascades across multiple providers, with all decisions and performance monitoring managed centrally in a single system for different markets and payment options.
- Add payment methods quickly without multiplying integrations.
- Improve resilience with routing and cascading logic.
- Keep operations consistent through one orchestration layer.
Related Terms / Services
Payment orchestration platform
