ProcessOut chooses the best online payment service for each transaction

▤ Summary

This way, big online services can start using multiple payment providers, pay fewer fees and reduce the number of declined transactions. Those companies have teams of 10, 15 or 20 people who work full time on optimizing the technical and economical performance of payments.” co-founder and CEO Cyril Chemla told me. Second, ProcessOut has built its own checkout module to act as an intermediary between your client and your payment service providers. The startup can store credit card information, which makes it easier to switch to a new payment service provider. While it’s easy to figure out the cheapest provider, it’s much harder to understand if the bank that issued your customer’s credit card is going to accept or decline the transaction.

▦ Linked Companies

ProcessOut

$1M to $5M