What are the pros of using payment orchestration?

The pros are strategic redundancy: if one gateway fails because of a cyberattack, technical issue, or routine maintenance, another can take over so transactions can continue without interruption.

But the pros extend beyond redundancy:

• Global market penetration: each payment gateway supports different currencies, regions, and local payment methods.

• Competitive routing: by employing advanced routing algorithms, businesses can dynamically select the most cost-effective gateway for each transaction based on real-time fee assessments.

• Approval ratios: Different payment gateways have different relationships with financial institutions and their underlying technology, which affect transaction approval rates.

• Consumer preferences: different consumers have divergent preferences and trust levels with various payment methods and gateways.

• Risk mitigation and compliance: because different gateways often have varied security features and adhere to regional regulations, such as GDPR in Europe or CCPA in California, using multiple gateways allows businesses to diversify their risk and maintain continuous compliance with regulatory standards across borders.