KEY FEATURES OF SMART ROUTING PAYMENT GATEWAYS
DYNAMIC ROUTING
Smart routing payment gateways have the ability to dynamically route transactions to the most suitable payment processor or acquirer based on various factors such as cost, availability, and performance This ensures that each transaction is processed through the optimal route, resulting in improved reliability and faster transaction times
MULTIPLE ACQUIRER CONNECTIONS
These gateways establish connections with multiple payment processors or acquirers, enabling merchants to process payments through different providers simultaneously This redundancy reduces the risk of payment failures and allows for seamless processing even if one acquirer is experiencing technical issues
GEOGRAPHIC ROUTING
Based on the location of the customer and the payment processor, smart routing gateways can route transactions to regional acquirers This feature minimizes cross-border transaction fees, reduces latency, and ensures compliance with local regulations
REPORTING & ANALYTICS
Smart routing gateway offers comprehensive reporting and analytics tools that provide merchants with insights into transaction volumes, success rates, and other key performance indicators This data helps merchants monitor and optimize their payment processes, identify trends, and make informed business decisions
REAL-TIME TRANSACTION MONITORING
Smart routing gateways continuously monitor transactions in real-time, analyzing factors like processing time, success rates, and failure reasons This data is used to make intelligent routing decisions, directing future transactions to the most reliable and efficient payment processors