4/19/2023 0 Comments Bitpay routing numberWith us, you can streamline your global expansion by connecting to new acquirers and payment service vendors with minimal costs.Īs for the payment routing, our intelligent engine empowers merchants to implement various optimisation strategies: Our payment platform is designed to boost your performance and scalability and help you to access specific local markets faster, being able to accept hundreds of local currencies and online payment options. Additionally, it allows retrying declined transactions with a different PSP, saving your sales.Īfter a single integration with Corefy, you’ll receive an advanced technical infrastructure allowing you to handle your global payments and payouts easily. Though intelligent routing isn’t a remedy to every single merchants’ payment ailment, it helps to alleviate the risk of losses caused by unfavourable issues on the specific payment provider side. Intelligent routing will let you benefit from these facts and save a great deal of money. Moreover, a bank that issued a card is more likely to process its transaction faster and cheaper than a different one. It is an issue of vital importance for merchants operating in different countries & using various currencies, as local acquirers charge higher costs for processing transactions made using foreign cards. When working with multiple PSPs, you can send each payment to the provider that charges the lowest fee. Intelligent payment routing provides merchants working with multiple payment providers with a great opportunity to increase the acceptance rates, boosting conversion and overall performance. Payment routing enables online businesses that have multiple merchant accounts at different PSPs to gain three main benefits: It creates almost endless routing possibilities to fulfil your business’ needs. You are free to modify and combine all of the above-listed strategies, as well as to use various strategies with different merchant accounts. Set up ratios to automatically distribute your cash flows across multiple merchant accounts according to this parameter. Our system supports the automatic allocation of incoming and outgoing transactions by weightings criteria. We provide real-time monitoring and tracking of merchant account balances through a single Dashboard, keeping you constantly updated on your funds.ĭistribute turnover and risks among multiple merchant accounts. Follow the conversion optimisation strategy by setting the success rate attribute in the routing scheme.Īutomatically allocate a payment or payout request to the account with sufficient balance. You can reorganise the flows in the most optimal way with our cost analytics.Ĭorefy measures the performance of all routes in real-time to calculate success rates for every route alongside collecting statistics and providing analytics. Along with real-time fees and FX rates monitoring, it helps to optimise all transactions and ensure least-cost payments routing. Corefy's routing solution dynamically determines the optimal route based on a transaction fee value.
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