ProcessOut - Payment Method Definition | Akurateco
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ProcessOut

ProcessOut is a payment orchestration platform that provides assistance in management of online payments for better efficiency. The facility delivers instruments and features that enable merchants to monitor and analyze their payment flows, optimize their payment routing, and reduce their payment processing costs.

ProcessOut was founded in 2015 by two French entrepreneurs, Guillaume Dolisi and Cyril Chemla. The company is headquartered in Paris, France, but also has offices in San Francisco, California. The startup was purchased by London-based company Checkout.com.

Since its founding, ProcessOut has raised millions dollars in funding and has expanded its operations to serve businesses in Europe and North America. In 2019, for instance, the company became a record-breaker in Europe after a $ 230 million Series A funding round. As a result, the company was valued at 2 billion US dollars. 

ProcessOut highlights

One of the key features of ProcessOut is its advanced payment routing capabilities, which allow merchants to intelligently route their payments to the most appropriate payment provider based on factors such as transaction value, geographic location, and payment method. By optimizing their payment routing, merchants can improve their payment success rates and reduce their transaction fees.

In addition to payment routing, ProcessOut also provides a range of other tools to help merchants manage their online payments more effectively. These include:

  • Real-time monitoring and reporting

ProcessOut provides merchants with real-time data and insights into their payment flows, allowing them to monitor transaction performance, detect fraud, and identify potential issues quickly.

  • Automatic card updater

The platform automatically updates customers’ card information to reduce declines and increase conversion rates.

  • Fraud detection

ProcessOut uses machine learning and AI to detect and prevent fraudulent transactions, reducing the risk of chargebacks and other payment-related issues.

  • Subscription management

The platform includes features for managing subscriptions and recurring payments.

Generally, ProcessOut is developed to help merchants streamline their payment operations, enhance their payment success rates, and reduce their payment processing costs. It is used by a range of businesses, including e-commerce stores, subscription-based services, and marketplaces.

  • Low fees

ProcessOut’s pricing is based on a usage-based model, which means that merchants only pay for the features and services they use.

The per-transaction varies depending on the payment provider used. ProcessOut provides transparent pricing information on their website, so merchants can easily calculate their costs based on their transaction volume and payment provider.

How to connect to the service

To connect to the ProcessOut service, merchants can sign up for an account on the official company’s website. The signup process is straightforward and can be completed in just a few steps. Once you’ve created an account, you can begin integrating the ProcessOut API into your website or application. The API is well-documented and easy to use, and the ProcessOut team provides support and guidance to help merchants get started.

The integration process typically involves adding a few lines of code to your checkout page or payment flow, which allow the platform to analyze and optimize your payment flows. When the integration is complete, you can begin using the ProcessOut platform to monitor your payment flows, optimize your payment routing, and reduce your payment processing costs.

If you have any questions or need assistance with the integration process, the ProcessOut team is available to help. They provide support via email and live chat, and can also offer personalized guidance to help you get the most out of the platform.

 

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