Smart payment routing
Smart payment routing directs transactions to the most appropriate acquirer or gateway based on predefined rules. This strategy considers factors like cost, success rates, and regional preferences to maximise approval rates and minimise processing fees. It ensures each transaction follows the optimal path for completion.
What you get.
- Route transactions based on acquirer performance and historical success rates
- Dynamically select acquirers to minimise processing fees and interchange costs
- Implement rules for specific card types, geographies, or transaction values
- Automatically re-attempt declined transactions through alternative routes
- Prioritise acquirers based on real-time availability and network status
- Maintain compliance by routing transactions to appropriate regional processors
Common questions.
What is smart payment routing?
Smart payment routing uses intelligent algorithms to direct each transaction to the best-performing acquirer or payment gateway in real-time. It considers various factors like cost, success rates, and fraud scores to optimise approval rates and reduce processing expenses.
How does smart routing improve approval rates?
By dynamically selecting the most suitable acquirer for each transaction, smart routing bypasses underperforming or unavailable processors. It also allows for cascade routing, automatically retrying declined transactions with different acquirers, significantly boosting overall approval rates.
Can I customise routing rules?
Yes, Cardflo's platform allows merchants to define and customise routing rules based on their specific business needs. This includes criteria such as card type, country of origin, transaction amount, and even customer history, providing granular control over payment flow.
Ready for velocity?
Tell us about your business. We'll match you with the right acquiring partners and the right route, typically inside a week.