The Death of Single Payment Gateways: Why Businesses Need Payment Orchestration

The Risks of Relying on a Single Payment Gateway

Many businesses assume that having one payment processor is sufficient—until it fails.

Here are the major risks:

Processing Downtime – If the payment gateway experiences an outage, all transactions come to a halt, leading to lost revenue and frustrated customers.
Higher Fees & Poor Negotiation Power – Without competition, merchants are forced to accept the transaction fees imposed by their sole provider.
Limited Payment Methods – Some gateways don’t support alternative payment methods, limiting customer payment options and reducing conversions.
Declined Transactions – Some transactions may fail due to processor-specific fraud filters, insufficient issuer approvals, or geographic restrictions.
Scalability Issues – Expanding into new markets often requires integrating different processors to support local payment preferences and currencies.

The Rise of Payment Orchestration

To overcome these limitations, businesses are adopting payment orchestration, a multi-provider approach that optimizes transaction success, reduces costs, and enhances security.

What is Payment Orchestration?

Payment orchestration is the practice of using multiple payment gateways, processors, and financial institutions to route transactions dynamically, ensuring fail-safe payments and cost efficiency.

How 10EX Pay Powers Payment Orchestration

10EX Pay offers an advanced AI-driven payment orchestration platform that eliminates reliance on a single provider while optimizing payment processing.

Here’s how:

1. Smart Routing for Higher Approvals

Automatically directs transactions to the best-performing processor based on real-time success rates.
Reduces failed transactions by rerouting declined payments through alternative providers.
Improves global acceptance by ensuring transactions go through region-specific gateways.

2. Built-In Failover Protection

Ensures uninterrupted payment processing by instantly switching to backup gateways when one goes down.
Prevents lost revenue and minimizes customer frustration caused by provider outages.
Gives businesses peace of mind with an always-on, multi-layered approach to payments.

3. Cost Optimization & Competitive Rates

AI-powered payment routing selects the most cost-effective gateway for each transaction.
Merchants gain negotiation power by diversifying providers and avoiding vendor lock-in.
Reduce operational expenses by choosing processors with lower fees and better conversion rates.

4. Seamless Multi-Currency & Local Payment Support

Accept and process payments in multiple currencies without additional complexity.
Support region-specific payment methods to improve global conversions.
Automate real-time currency conversion for international transactions.

5. Advanced Fraud Prevention & Chargeback Protection

AI-driven risk assessment detects fraudulent transactions before they are processed.
Blocks high-risk transactions while ensuring legitimate payments go through.
Reduces chargebacks with proactive fraud monitoring and automated dispute handling.

Future-Proof Your Payments with 10EX Pay

The days of relying on a single payment gateway are over. Businesses that embrace payment orchestration gain higher approvals, lower costs, and greater resilience against payment failures.