Transaction routing is a feature most commonly used by merchants who are connected through our platform to more than one bank/acquirer at the same time. This feature gives the merchant control over the payment process. It allows customization of the payment flow and transaction distribution, with the aim of lowering transaction costs as well as overcoming issues that may arise when one bank/acquirer is unavailable. Our intelligent transaction routing system includes the following options: Load balancing, Cascaded transactions, Geographical optimization, Risk based routing, Fallback routing.
How Does Transaction Routing Work?
Transactions are routed according to conditions and logic set by the merchant. For example, if the merchant has contracts with two banks, the merchant can set a rule whereby the transaction is sent to the bank that charges the lower fee for that particular transaction.
What Are the Benefits of Using Transaction Routing?
Transaction routing offers many benefits: an increased number of approved transactions, lower authorization fees, optimized distribution of transactions across multiple banks, distribution based on the customer’s geographic location…