Definition
Smart routing is a payment optimization technique where transactions are automatically routed to the best performing payment gateway or bank based on success rate, cost, geography, or network conditions.
How this works
The system analyzes transaction parameters and historical success patterns. It selects the most efficient route in real time to increase approval probability.
Benefits
• Higher payment success rates
• Reduced transaction failures
• Optimized processing costs
• Better customer experience
FAQs
What parameters influence smart routing decisions?
Bank uptime, issuer response, card type, payment mode, geography, and historical approval trends.
Does smart routing impact transaction security?
No. Security standards remain intact because routing happens within compliant payment infrastructure.
Can smart routing reduce payment drop offs?
Yes. By avoiding failing or low performing routes, transaction completion improves.
Is smart routing useful for high volume merchants?
Yes. It is highly beneficial for enterprises that process large transaction volumes.