Benefit from a fine-tuned route for every transaction to increase your conversion rate and improve your customer’s checkout experience.
Intelligent Payment Routing
Prevent Declined Transactions
With smart routing, we’ll help you route transactions to channels most likely to approve them to avoid declines.
Distribute Declined Transactions
We’ll help you distribute declined transactions between multiple payment channels and help you keep track of decline reasons for enhanced analytics.
Create A Seamless Payment Experience
Enjoy the advantages of smart payment routing and cascading creating a smooth and seamless payment experience with every single transaction.
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Set Up Your Own Smart Routing Payment Gateway
Choose different rules to route and distribute different transactions by regions, IPs, BINs, currencies, payment volumes, solutions, etc.
Improve Transaction Approval At Desired Regions
Customize routing through specific payment methods and solutions to improve the conversion ratio for transactions at a specific region.
Why Smart Routing Is Important
Allow your merchants to increase the number of approved transactions to grow their brand image and strengthen their credit reputation.
FAQ
What is Smart Payment Routing?
Smart Payment Routing is an advanced technology that intelligently selects the optimal payment gateway or processor for each transaction. It dynamically assesses various factors such as transaction amount, currency, location, and historical performance to ensure that payments are directed through the most reliable and cost-effective channel. With Smart Routing from Akurateco, you can decide the pre-defined rules that route transactions to needed channels.
Why Do You Need to Route Payments?
Routing payments ensures that transactions are processed through the most suitable payment gateway, significantly enhancing transaction success rates. By distributing transactions across multiple acquirers, businesses reduce the risk of declined transactions and increase the chances of successful payments, which benefits both merchants and customers.
How Does Intelligent Payment Routing Help Businesses?
Intelligent Payment Routing helps distribute transactions based on real-time data analysis. By assessing historical success rates, currency preferences, geo location and other variables, businesses can achieve improved transaction success, increased revenue, and boosted customer satisfaction.
Can Smart Payment Routing Improve Payment Success Rates?
Yes, Smart Payment Routing can substantially improve payment success rates. By strategically selecting the best acquirer for each transaction, this technology minimizes transaction declines, streamlines the payment process, and ensures a seamless customer experience.
How Can I Get Started with Intelligent Payment Routing?
Our experts at Akurateco will guide you through the integration process, tailoring the solution to your business needs. Elevate your payment processing efficiency today with Intelligent Payment Routing by Akurateco.
Let’s talk cashier? Request a free demo today!
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