Enhance the reliability of your payment infrastructure
Dependency on a single payment processor can significantly impact your business if the processor experiences downtime. And if the payment processor has not planned for handling your peak payment volumes, it could severely impact your business.
Hyperswitch is a lightweight payment switch that can help you migrate quickly to a multi-processor setup and enjoy 100% reliability for your payments stack. It ensures that your payments are routed to the processor based on availability and automatically retries if any failure is encountered.
Align payments to your business goals
Your business goals might demand you to leverage multiple payment processors to (i) improve conversion rates, (ii) reduce costs, (iii) reduce fraud (iv) mix of all the above.
And channeling payments across multiple processors could be challenging to manage daily because your business needs would constantly evolve, or another new payment processor might provide you with competitive pricing, and so on.
Hyperswitch's Smart Router is designed as a no-code tool to provide complete control and transparency upon creating and modifying the smart routing rules. So you can easily align payments with your business goals.
Quick go-to-market for new payment integrations
As your business grows faster, there will be a need to expand payment offerings with more payment processors. This need might arise due to multiple reasons:
Launching a business in new geography with a local payment processor, or
Offering local payment methods for your customers, or
Offering new payment methods for your customers, or
Optimizing payment processing costs with an additional processor, or
Reducing dependency on a single processor
Integrating and maintaining multiple payment processors is a complex activity and could drain significant tech bandwidth from your core business activities. In addition, as your business reaches scale, it would require a dedicated technology and payments team at great expense.
Enhance the payment experience for your customers
Improving conversation rates on your checkout and providing a delightful payment experience should be an important agenda for your business.
Optimize payment processing costs
Your organization's teams responsible for Customer Experience, Finance, and Business Growth might be spending a lot of time and effort managing payment operations.
What is payment operations?
Payment Operations refers to the operation time, and effort businesses spend beyond the payment processing step to manage the entire lifecycle of payments. Adequate attention to payment operations might positively impact your Net Promoter Score (NPS) and enhance the growth of your business.
Below are some day-to-day use cases of payments operations that could extract significant bandwidth from focusing on your core business growth.
Hyperswitch Control Center is a single interface that all your teams will be required to use for all Payment Operations use cases. Hence more power to your team for managing payments seamlessly. In addition to the above, it also includes rich features to make operations more automated for your teams, such as
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