5 payments challenges every online business faces and how to solve them 

1. High Payment Failure Rates

The Challenge: Failed transactions due to declined payments, insufficient funds, or processing errors result in lost revenue and frustrated customers.

The Solution:

• AI-Driven Smart Routing – 10EX Pay automatically directs transactions to the best-performing payment processor, improving approval rates and reducing failures.
• Multi-MID Support – Merchants can configure multiple payment gateways to increase redundancy and minimize failures.
• Instant Retry Mechanism – Declined transactions are automatically retried with alternative routes, boosting conversion rates.

2. Fraud and Chargebacks

The Challenge: Fraudulent transactions and chargebacks not only cost businesses money but can also lead to reputational damage and higher processing fees.

The Solution:

• AI-Powered Fraud Prevention – 10EX Pay continuously analyzes transaction patterns to detect and block suspicious activity before fraud occurs.
• Chargeback Alerts & Defense – Real-time notifications help merchants respond to disputes before they escalate.
• Secure Payment Authentication – Advanced security features like 3D Secure and tokenization help minimize unauthorized transactions.

3. Managing Multi-Currency Transactions

The Challenge: Expanding globally means dealing with multiple currencies, fluctuating exchange rates, and complex reconciliation processes.

The Solution:

• Multi-Currency Processing – 10EX Pay enables businesses to accept payments in multiple currencies without conversion issues.
• Real-Time Currency Conversion – AI-driven tools optimize exchange rates for cost-effective transactions.
• Automated Reconciliation – Merchants get simplified, real-time reporting for accurate accounting across different currencies.

4. Lack of Flexibility with Payment Providers

The Challenge: Many businesses struggle with being locked into a single payment provider, making it difficult to negotiate better rates or switch providers when issues arise.

The Solution:

• Payment Orchestration Freedom – 10EX Pay allows businesses to connect multiple payment processors, eliminating reliance on a single provider.
• Seamless Provider Switching – Merchants can swap providers without affecting customer payment data or requiring re-integration.
• Optimized Cost Control – AI-driven smart routing ensures transactions go through the most cost-efficient gateways.

5. Complex Payment Splitting & Revenue Distribution

The Challenge: Marketplaces, SaaS platforms, and businesses with multiple stakeholders need efficient ways to distribute payments among different accounts.

The Solution:

• Intelligent Payment Splitting – Automatically divide payments between vendors, partners, or teams according to predefined rules.
• Real-Time Settlements – Ensure instant fund distribution without manual intervention.
• Automated Payouts – Reduce operational burden with AI-driven payout processing and reconciliation.