Introducing Routing Schedule: Smarter Payments, Right on Time
Imagine this: It’s Friday evening, and your transaction volumes are spiking. Certain providers perform best under this pressure, but others? Not so much. Or maybe you want to manage traffic flow differently at night versus during the day. What if you could take full control of your payment routing schedule, ensuring you stay within provider limits while assigning the right provider at the right time?
With paytech’s Routing Schedule feature, now you can.
What is Routing Schedule?
Routing Schedule lets you define specific time intervals or days for certain payment providers to handle your transactions. It’s like having a finely tuned schedule for your payment traffic. Want one provider active only during peak hours? Done. Need another switched off at night? No problem. Plus, Routing Schedule helps you effectively manage provider-imposed daily limits, ensuring you maintain compliance without sacrificing efficiency.
This isn’t just smart routing—it’s smarter, more adaptable, and entirely in your control.
Why Does Routing Schedule Matter?
Every payment provider has its strengths and limitations. Some are effective in one time zone, while others excel at handling high volumes in another time zone. Providers often impose daily transaction limits, and Routing Schedule helps you work within those constraints seamlessly.
💡 Optimise Performance: Route traffic to providers that perform best at specific times or under certain conditions.
💡 Manage Provider Limits: Automatically distribute transactions across providers to stay within daily caps and avoid disruptions.
💡 Boost Conversions: Ensure high transaction approval rates by directing payments to the most reliable providers during peak times or critical campaigns.
💡 Reduce Costs: Avoid using certain providers for traffic types or times when their rates aren’t favourable.
💡 Enhance Reliability: Ensure transactions are routed to the best provider for the job, reducing downtime or errors caused by overloaded systems.
💡 Tailor to Business Needs: Align routing strategies with your business hours, peak transaction times, or regional demands.
This makes Routing Schedule an invaluable tool for businesses looking to improve performance, efficiency, and customer satisfaction.
How It Works
Let’s say you operate an online platform with sales peaks during the evenings and weekends. During these high-traffic times, you might route transactions to a provider that specialises in handling large volumes and has better approval rates for specific regions or during a specific times.
However, that provider has a daily transaction limit. To avoid hitting the cap, Routing Schedule seamlessly switches to a secondary provider once limits are approached—keeping your payment flow uninterrupted.
In contrast, during quieter weekday mornings, you can switch to a cost-effective provider for lower-value transactions.
With Routing Schedule, you have full control to set specific providers for specific times and manage provider limits—all seamlessly through paytech’s dashboard. No manual intervention needed, no disruptions, just precision routing tailored to your business.
The Bigger Picture: Why Routing Schedule is a Game-Changer
For PSPs and businesses managing global payments, flexibility is everything. Payment providers aren’t one-size-fits-all, and now, they don’t have to be. With Routing Schedule, you can:
🌍 Adapt to global markets and time zones.
🕒 Align routing with your unique business needs.
🔄 Manage provider limits automatically while keeping traffic flowing.
🔄 Seamlessly handle traffic without manual intervention.
This new functionality is built to empower businesses that demand efficiency, reliability, and full control over their payment flows.
Ready to Make Smarter Payment Choices?
Routing Schedule is another step forward in our mission to simplify and optimise payment processes for our clients. Whether you’re scaling globally or fine-tuning your operations, this feature ensures your payments are as efficient and adaptable as you need them to be.
Let’s talk about how Routing Schedule can take your payment strategy to the next level.
paytech: Always smarter. Always seamless.