Payment Orchestration Platforms

Best Payment Orchestration Platforms include:

IXOPAY.

Payment Orchestration Platforms Overview

What are Payment Orchestration Platforms?

Payment orchestration platforms are a single technical structure for processing online payments from payer to payee. Also known as the payment orchestration layer, these platforms manage transaction routing and validating, securing the payment process, and other payment-related functions. The most well-known users of payment orchestration platforms are ecommerce platforms themselves, but there are a range of digital payment applications.


The impetus behind the emergence of payment orchestration platforms is the proliferation of payment processors, gateways, and services that merchants and platforms have to work worth. Payment orchestrators centrally manage all of these different vendors within a single system, enabling ecommerce platforms and others to simply work with a single API key. Payment orchestration platforms can be gauged in part by the range and depth of payment gateways and services that each platform natively supports and centralizes for users.


Payment orchestration platforms free up IT personnel from setting up and managing individual payment gateways, processes, and services that their business must work with. This allows IT departments to focus on core business processes and needs. They also improve the end-consumer experience and can improve ROI on a per-transaction basis. This enables increased scalability and compliance with reduced overhead.


Many standalone payment orchestrated platforms focus heavily on vendor-agnosticism. By supporting payments across many different gateways, they can deliver a more robust and higher-quality experience for merchants and consumers alike. In some cases, payment gateway vendors may expand their offerings to include payment orchestration, but will inject a preference for routing payments through their own gateways. This is an aspect of the marketplace norms that is still maturing.


Payment Orchestration Platforms Use Cases


There are several clear use cases for payment orchestration platforms, which can spam multiple industries. The clearest use case is for platforms that serve a global paying audience. Most regions have their own regional payment gateways and processors. Payment orchestrators allow platforms to utilize these regional gateways without having to go through the whole setup process with each individual system.


Payment orchestration platforms also improve the subscription management process for vendors and consumers alike. Centralizing payment orchestration provides more robust and varied systems, evergreen API tokes, and automated retry processes. These functions facilitate easier payments and more seamless renewals for customers, while reducing error management for vendors.


Payment orchestration platforms can also outsource elements of payment security and compliance. Products in this category heavily emphasize their ability to manage PCI compliance and other regulatory requirements for businesses’ payments, because the products handle the actual processing and security of the transactions themselves.


Payment Orchestration vs. Payment Gateways

Payment gateways and payment orchestration platforms are closely related, but deliver entirely different scales of payment support. For instance, payment gateways process payments through a particular vendor. They require setup with that particular vendor, regardless of wherever and whoever else the business has set up payment processing with in the past.


Payment orchestration goes beyond payment gateways to deliver more flexibility and scalability around payment processes. Payment orchestration platforms handle the payment processing, in addition to other payment-related services. Payment orchestration tends to also be vendor-agnostic, enabling businesses to utilize payment gateways across borders and with reduced concern for additional compliance issues, such as PCI.


Payment Orchestration Platforms Comparison

When comparing payment orchestration platforms, consider these factors:


  • Vendor Agnostic vs. Preferred Gateways: Does each vendor also provide a payment gateway in addition to payment orchestration? If they do, consider whether they have preferred payment gateways. If they do, they may negatively impact the business’s ROI by directing transactions to their own gateway. Vendor-agnostic payment orchestration is the preferred approach.

  • Use Case: What needs are you specifically looking to solve for the business with this platform? Are you looking for better globalized payment processing? Optimizing payments across different gateways? Looking to offload compliance requirements related to payment processing? Consider which use cases are most relevant to you, and where each vendor’s strengths are.

  • Ease of Use: Consider how easy to use each product is for the main user audience. For instance, is there a low code/no code option? Is each product accessible for business users, or do IT resources still need to be involved? The former situation is the ideal dynamic for these platforms, but the latter may be the short-term reality as the market matures.


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Payment Orchestration Products

(1-7 of 7) Sorted by Most Reviews

Treasury Intelligence Solutions (TIS)

Treasury Intelligence Solutions (TIS) combines treasury management experience with cloud computing and virtualisation expertise. They present the TIS solution as a comprehensive, scalable, and secure SaaS solution to process, analyse and document all treasury management processes.…

Payoneer

Payoneer headquartered in New York offers a global payment solution enabling business to manage international payments, bill or request payments from clients, receive payments through popular marketplaces, and pay freelance workers no matter where they are.

Spreedly

Spreedly

Starting Price $10

Spreedly is a subscription billing platform aimed at SMBs. It integrates with all major international payment gateways and accommodates multiple sites, and complimentary subscriptions.

Ingenico ePayments

Ingenico’s Payment Orchestration Platform is an interface to manage multiple integrations on a single platform. It helps users optimize payment strategies and eliminate payment friction across all channels.

Rebilly

Rebilly

Starting Price $15

Rebilly is a subscription billing and payment orchestration platform from the company of the same name headquartered in Austin, offering an API connecting to a variety of payment gateways that enable users to offer different payment options and supporting preferred payment gateways…

IXOPAY

IXOPAY

Starting Price $280

IXOPAY is a PCI-certified payment orchestration platform for White Label Clients and Enterprise Merchants, from the IXOLIT Group headquartered in Vienna. Its architecture provides intelligent routing, cascading, and risk management functions as well as centralized reconciliation…

Zooz, from PayU

Zooz, from PayU (acquired 2018) is a payment orchestration solution that streamlines a payment stack into one, consolidated, and customizable platform. It is presented as an open payment platform, designed to help merchants reduce fees and increase revenue by intelligently route…

Frequently Asked Questions

What is payment orchestration?

Payment orchestration manages payment processing across a range of payment gateways and services, improving customer experience and marketplace scalability.

What are the benefits of payment orchestration?

Payment orchestration allows businesses to leverage a much wider range of payment gateways, enabling better globalization. It also offboards the compliance and security maintenance associated with payment processing from platforms.

Who uses payment orchestration?

Payment orchestration is most popularly associated with ecommerce platforms. The products have applications across most global digital payment use cases.

Do I need a payment orchestration platform?

An organization should use a payment orchestration platform if it has a global paying audience, leveraging a range of payment gateways, and is investing an excessive amount of resourcing into managing said gateways.