Why payment orchestration is overhyped and will not save your business By Viktoria Soltesz Payment orchestration is a popular topic in the financial tech world, often seen as a universal solution for managing all issues around payment and banking. While payment orchestration can offer some valuable benefits, it is often overhyped and can overlook broader and more critical payment and banking issues, making things more complicated rather than easier. Let me explain why. The main issue is that payment orchestration focuses too narrowly on one part of the payment and banking picture, ignoring important other elements around the flows, such as risk, compliance, data security, fraud prevention, contract terms, or technological advancements. One problem with payment orchestration is that it tries to simplify by combining various payment methods into one system. While this sounds helpful, it often misses the bigger picture.   Risk Banks and payment providers are not regulated equally worldwide. This means they will not pose the same level of risk to your operation. Thinking that orchestrating payments will resolve and optimize your overall payment and banking risks is missing a huge chunk of the overall picture and can be very misleading. Effective financial management needs a broader approach that looks at all aspects of payment flows within a company. This includes not just processing payments but also managing and securing funds globally by understanding various regulations in different areas of the world.   Other Options Another issue with payment orchestration is that it often ties you to a single or limited number of providers. These platforms usually have agreements with specific payment channels, limiting you to those options which they represent. This setup can turn orchestration providers into resellers who simply want to push their offerings by adding an extra technology layer on top of their partner providers’ solutions, but without the much-needed, overall, and detailed market research, understanding, and evaluation. You might need a payment provider or method that is outside the scope of the payment orchestration platform, and by putting all your eggs in one basket, you might be missing out on a solution that could be more beneficial for you in the long term. Limiting flexibility is a big mistake that many companies make, but it is essential for businesses to stay competitive and responsive to changes.   Complexity The added complexity of payment orchestration can also be problematic. While it promises streamlined operations, businesses must manage and maintain additional systems, fees, terms and conditions, and technologies, which can be very demanding and confusing. Unknown complexities usually lead to higher costs and the need for specialized training, further straining resources if not planned properly. Unfortunately, I have seen several times in my practice when companies jump into something without fully understanding what it entails, paying much more in costs, fees, and efforts in the long term.   Building a Payment and Banking Strategy We always advise businesses to take a holistic approach to their operation and investigate various processes from a banking and payment perspective. Understanding and discussing payments and banking within an international group is essential, as it affects every aspect of the business, even though it is less discussed and often not well understood. Instead of relying solely on payment orchestration, businesses should focus on building and maintaining an overall and comprehensive payment and banking strategy. A strong payment and banking strategy involves more than just orchestration. It means understanding how to use new alternatives and technologies to enhance payment security and efficiency. It also requires carefully reviewing contracts with providers to ensure proper risk assessment, compliance, and protection from fraud. The strategy also focuses on the complex issues around technology, integration and reconciliation and involves various departments of a company such as finance, legal, marketing & sales, business growth and strategy, technology, and security. Today, payments and banking affect every aspect of the business, but payment orchestration platforms often don’t fully cover these important areas. Without discussions and understanding, we might find ourselves taking unnecessary risks, incurring additional costs, or reducing the effectiveness of our processes.   What is the Scope of the Strategy? The strategy should not only include various payment methods and drive traffic to the cheapest options, as payment orchestration platforms usually do, but also understand the deeper level of the new financial technologies. A good strategy addresses various areas of the operation, such as compliance, security, and fraud prevention. A holistic approach to payments and banking ensures that all incoming and outgoing flows are processed efficiently, the funds are managed efficiently within the group (for example, by having a strong treasury function to avoid “idle” or “pending” funds on any account for a long period), and all areas around the company’s funds are monitored and updated efficiently and securely. Only a comprehensive payment and banking strategy can manage all payment and banking flows and their related challenges successfully, catering to diverse customer preferences, enhancing satisfaction, and driving growth.

MyMOID is a payment orchestration platform designed to streamline and optimize payment processes for online businesses. It offers a unified interface that integrates various payment methods and acquirers, providing a seamless experience for merchants and their customers. Key features include multi-acquirer routing, which allows businesses to dynamically select the best payment processor for each transaction, enhancing efficiency and reducing costs. MyMOID also provides advanced transaction analytics and fraud prevention tools, enabling businesses to gain valuable insights and protect against fraudulent activities. By centralizing payment operations, MyMOID helps businesses achieve better control, efficiency, and security in their payment processes, making it a valuable solution for online merchants looking to enhance their payment infrastructure. For more information, you can visit their official website. Key Features Generate Payment Orders Easily create and manage payment orders via our API or UI clients, giving you more control over your transactions. Store Payment Data Securely Save your users’ payment method information as tokens, ensuring secure storage and easy reuse for future transactions through our platform or third-party services. Secure Payment Form Provide a secure and user-friendly payment form to your customers, enhancing their payment experience. Multiple Card Providers Connect with a variety of card providers to offer your customers diverse payment options, improving your payment acceptance rates. Universal Tokens Use universal tokens to streamline payment processes by reusing previously validated payment methods for customer-non-present transactions on the fly. Why Choose MYMOID? Unified Payment Interface: Integrates multiple payment methods and acquirers into a single platform, simplifying payment management and providing a seamless checkout experience. Multi-Acquirer Routing: Dynamically selects the most efficient payment processor for each transaction, optimizing transaction costs and improving approval rates. Advanced Transaction Analytics: Offers detailed insights and real-time data, helping businesses make informed decisions and optimize their payment strategies. Robust Fraud Prevention: Utilizes advanced algorithms and machine learning techniques to detect and prevent fraudulent activities, ensuring secure transactions. Enhanced Efficiency: Centralizes payment operations, reducing complexity, lowering costs, and allowing businesses to focus on growth and customer satisfaction. Improved Customer Experience: Provides a smooth and hassle-free checkout process, leading to higher conversion rates and increased customer loyalty. How to Setup Account: Create a MYMOID Account: Go to the MYMOID Accounts page. Click on “Register.” Complete the user form by providing your email and password. Validate your account by clicking the link sent to your email. Customer Success Stories Discover how our clients leverage MYMOID to overcome their most significant data challenges and optimize their payment processes. From enhancing security to streamlining operations, MYMOID is the trusted payment solution for businesses aiming for efficiency and success. Get Started with MYMOID Ready to transform your payment processes? Contact us today to learn more about how MYMOID can meet your business’s diverse payment needs with our customizable and secure platform. MYMOID: The all-in-one payment platform tailored to your business. Achieve secure, efficient, and flexible payment processing with MYMOID today.  

Tranzopay allows you to access reliable, fast, and secure money transfers across Africa. It helps you save 40% on transaction fees and forex rates while you send money across Africa with it. Features: Currency Exchange Services: Forex providers such as Tranzopay usually offer a platform for exchanging one currency for another, allowing users to take advantage of favorable exchange rates. Money Transfer Services: Facilitating the transfer of funds internationally or domestically, often with options for bank transfers, cash pickups, or mobile wallet transfers. Online Platform: Accessible through a user-friendly online platform or mobile app, enabling users to initiate and track transactions from anywhere. Competitive Exchange Rates: A reputable forex provider such as Tranzopay aims to offer competitive and transparent exchange rates to attract customers. Security: Implementation of robust security measures, including encryption and authentication protocols, to ensure the safety of financial transactions. Customer Support: Responsive customer support to assist users with any issues, inquiries, or concerns. Payment Options: Multiple payment options, such as bank transfers, credit/debit cards, or other electronic payment methods. Transaction Tracking: Real-time tracking and notifications to keep users informed about the status of their transactions. Benefits: Cost-Effective: Forex providers such as Tranzopay offer better exchange rates and lower fees compared to traditional banks, making transactions more cost-effective. Speed: Quick and efficient money transfers, allowing for timely transactions, especially for urgent financial needs. Accessibility: Access to the service 24/7 through online platforms, providing convenience for users in different time zones. Global Reach: Many forex providers such as Tranzopay have a wide network, enabling users to send money to various countries around the world. Transparent Fees: Transparent fee structures with clear information on transaction costs, ensuring users are aware of the charges involved. Risk Management: Tranzopay platform offers tools and features for risk management, such as forward contracts or rate alerts, to help users make informed decisions. Social Link

SabPaisa is an Indian fintech company that provides digital payment solutions. SabPaisa (SRS Live Technologies) is an RBI In-Principle Authorised Payment Aggregator. SabPaisa Payment Gateway seamlessly integrates payment collection, Payouts, and exclusive B2B solutions, simplifying transactions and facilitating payment collection through 10 Lac Cash Counters across India, redefining the business payment experience. Features: Payment Gateway: Facilitates online transactions securely through a payment gateway, allowing businesses to accept payments. Multi-Channel Payments: Supports payments through various channels, including web, mobile apps, and other digital platforms. Subscription Billing: Offers features for managing and processing recurring payments for subscription-based services. Customizable Checkout: Allows businesses to customize the checkout process to enhance user experience and align with branding. API Integration: Provides APIs for seamless integration with websites, applications, and other systems. Mobile Wallet Integration: Integrates with popular mobile wallets to offer diverse payment options for users. Multi-Currency Support: Facilitates transactions in different currencies, catering to businesses with international operations. Fraud Prevention: Implements security measures and fraud detection tools to protect against unauthorized transactions. Real-time Analytics: Offers reporting and analytics tools to provide insights into transaction data and user behavior. Refund Management: Allows businesses to efficiently process refunds when necessary, enhancing customer satisfaction. Benefits: Enhanced User Experience: SabPaisa aims to provide a seamless and user-friendly payment experience for both businesses and customers. Security and Compliance: Prioritizes security measures to ensure the protection of sensitive financial information and complies with industry standards. Cost-Effective Solutions: Offers cost-effective payment processing solutions, potentially with transparent fee structures. Increased Revenue Streams: By providing diverse payment options and a smooth checkout process, businesses may attract more customers and increase revenue. Customer Retention: Efficient payment processing and management contribute to positive customer experiences, fostering customer loyalty. Flexible Integration: The ability to integrate with various platforms and systems provides flexibility for businesses to adapt to their unique requirements. Global Reach: Supports businesses with international operations by facilitating multi-currency transactions and offering a global payment infrastructure. Innovation and Updates: Fintech companies often prioritize innovation, regularly updating their features to align with industry trends and technological advancements. Social Link

Global Merchant Solutions for online gaming allows you to offer a wide range of payment methods to your customers. This includes major credit cards such as Visa, MasterCard, JCB, American Express, and Discover. We also support popular online payment methods like Giropay, Sofort, Paysafecard, iDeal, EPS, Bancontact, and Przelewy24.By offering these payment options, you can cater to a larger customer base and provide a seamless gaming experience. Customers can deposit and withdraw funds in their preferred currencies, using payment methods they trust. Our payment processing solution is designed to be secure, reliable, and easy to integrate into your gaming platform. We provide comprehensive support and advanced fraud prevention tools to ensure the safety of your transactions. With our versatile product offering, you can meet your customers’ demands and provide a seamless payment experience for online gaming. Risk Appetite Risk AppetiteMedium Risk, High Risk ,PCI CompliantLevel 1 ,RegulatedYes ,Live MID ETA0-1 days ,Processing currenciesALL ,Settlement CurrenciesBTC, ETH, USDT ,Settlement Cycle10 days,MDRtrxvolume ,API DocsLink Features 3D Secure Processing,Cross Border Payments,Real Time Payments,Recurring Payments,Refunds Solutions Blacklisting,Cross-border Payments,Customized Checkout,Fraud Prevention,Master Merchant Account,Online Payments,Payment Gateway,Risk Management & Security,Smart Routing,Whitelabel Accepted Industries Adult,Crowdfunding,Crypto,E-commerce,Education,Financial Services,Gambling,Gaming,Marketplaces,Travel Payment Options American Express,Diners Club,Discover,JCB,Maestro,Mastercard,Visa,Visa Electron Social Link LinkedIn Instagram