Your customers are online, so you need a plan to accept payments as part of your e-commerce application. Of course payments are how you make money — but they’re also a critical part of the buyer’s experience. That’s why we’re seeing more and more merchants choosing to add more flexibility to their payments stack. And that flexibility starts by leveraging a “gateway of gateways” approach.
A gateway of gateways is an aggregation of multiple payment gateways via a single API. It allows your company to connect once to a single endpoint and then transact via any gateway you want. This approach is the new default because it allows merchants to:
Spreedly’s agnostic approach to gateways means we aggregate access to over 120 payment gateways — delivering on the concept of a gateway of gateways. Want to learn more about this approach? We’ve pulled together a few resources that look at the concept and benefits of a gateway of gateways in more detail.
In this paper, Spreedly’s data science team analyzes millions of transactions to see how success rates and latency times vary by gateway across regions. The paper highlights the value of selecting the right provider for different regions to optimize success rates.
In this interview with Shoresh Shafei we explore in more detail the data analysis from the eBook mentioned above. We learn in more detail how success rates and latency times can vary significantly across currencies, and how you can address that.
In this post, Spreedly looks deep into the business advantages of integrating into a gateway of gateways. Helpfully structured as “5 Rs”, you’ll see how ROI, redundancy, regulation, and more can be enhanced with this approach.