Olufunke Moronfolu’s Post

Don't put all your eggs in one basket. A payment orchestration platform helps mitigate the risk by offering: ✅ Reduced single-vendor risk ✅ Higher acceptance rates ✅ Lower transaction fees ✅ Global reach ✅ Unified metrics A payment orchestrator helps you cut costs, increase revenue, and free up engineering resources to focus on what actually matters - your customers.

Do you know the difference between payment gateways vs. payment orchestrators? You may be focused on building the next great SaaS product, but when was the last time you took a good look at your payments system? Gateways are like that one friend who knows only one route to the coffee shop - they'll get you there, but what if there's construction or a faster way? That’s why OpenPay was built as a payment orchestrator. Think of it like your personal traffic controller with access to every route, real-time data, and knowledge of the best options. Orchestrators can: - Boost your payment success rate by 3-7% - Cut operational costs by 20-30% - Improve customer retention and expand into new markets Payments are no longer just about making the transaction - it's about optimizing each one for success, automation, and revenue growth. The future of payments is about being smart with your money, not just moving it around. The bottom line: Know what you’re bringing into your business - it could make all the difference when it comes to your long-term growth. #saas #payments

Subscription businesses thrive on the backbone of seamless payments. But recurring payments are prone to failure due to multitude of reasons. Expired cards, low funds, and processing errors can lead to subscriber churn, hurting revenue, loyalty, and customer lifetime value. JUSPAY's Intelligent Retry analyzes failures and automatically retries payments at the best times, increasing success rates. -Better retention: Keep happy subscribers paying with retries -More Revenue: Successful payments = predictable recurring revenue -Better Lifetime Value: Happy subscribers stick around longer Subscription Success Starts with Smart Payments: Juspay's Intelligent Retry System. Read more about intelligent retry here: https://lnkd.in/g7ihjFD2

🚀 Exciting News for Subscription-Based Businesses! 🚀 📈 As the subscription economy grows, so does the complexity of managing recurring payments. Learn how Payment Orchestration can streamline your processes and optimize customer satisfaction in our latest blog by Douglas Fry, Senior Product Manager at Spreedly. 🔗 Read the full to discover: ◾ The benefits of integrating Payment Orchestration with subscription payments. ◾ How Spreedly is enhancing the payment ecosystem for businesses like yours. ◾ The significant role of technologies such as tokenization and vaulting in protecting and managing customer data. Read it here 👉 https://lnkd.in/gXYFE6gs 🌐 Whether you're involved in digital content, software, or physical goods, understanding the synergy between Payment Orchestration and subscription models is key to scaling your operations and improving payment success rates. 💡 Stay ahead of the curve - embrace the future of payment efficiency and security with Payment Orchestration. Dive into the blog today and see how you can enhance your subscription service's performance and customer experience. #PaymentOrchestration #SubscriptionPayments #Fintech #Spreedly #MRBarcelona2024 #EcommerceSuccess #FraudPrevention

Discover the critical role of payment orchestration in boosting subscription model efficiencies across various industries. Spreedly's innovative approach helps streamline recurring payments, ensuring security and customer satisfaction. Learn more about integrating payment orchestration into your subscription models in our latest MRC | Merchant Risk Council blog post: https://bit.ly/3TO39Up #PaymentOrchestration #SubscriptionModels #SpreedlyInsights #Fintech #GlobalPayments 🌐🔗

Dormant subscriptions, subscriptions not frequently using, subscriptions overlapping with others… so many ways to help consumers avoid paying for goods/services they aren’t using… however I doubt the motivation for this new launch is to help the end consumer manage the plethora of subscriptions they have… #payments #digitalpayments #B2C #subscriptions

Imagine managing billions of transactions each month across 19 countries, while navigating complex payment models, currencies, and languages. This challenge was all too real for one of the world's leading subscription video on demand (SVOD) services. They reached out to Gotransverse, and with our help, they not only streamlined high-volume processing but also empowered their customers with flexible payment options, and more. The Results? 📈 Faster billing cycles 💸 Flexible payment options 🌐 Seamless global scalability Curious who this industry leader is and how we helped transform their billing operations? Find out more from our latest blog, and see how Gotransverse can help your business: https://hubs.la/Q02Q9jBx0 #ComplexBilling #CustomerSuccess #RevenueManagement

In a world where convenience is king and instant gratification is the norm, businesses are having to rethink their traditional models in order to keep up with the demands of modern consumers. One trend that has been gaining momentum in recent years is the rise of subscription-based payments. Gone are the days of one-time purchases and long-term commitments. Today, consumers want access to products and services on their own terms, and that's where subscription-based payments come in. From streaming services to meal-kit deliveries, subscription models offer customers the flexibility they crave while providing businesses with a steady stream of income. For businesses looking to adapt to this new payment landscape, there are a few key strategies to keep in mind. First and foremost, it's important to understand your target audience and what they value most in a subscription-based service. Are they looking for convenience, affordability, or personalization? By tailoring your offerings to meet these needs, you can attract and retain loyal customers. Another crucial aspect of adapting to subscription-based payments is ensuring that your business is equipped to handle the recurring revenue model. This means implementing systems and processes that can efficiently manage subscriptions, handle billing cycles, and address customer inquiries in a timely manner. Additionally, businesses should consider diversifying their subscription offerings to appeal to a wider range of customers. This could mean introducing tiered pricing plans, offering add-on services, or partnering with other businesses to create bundled subscription packages. Ultimately, the key to success in the age of subscription-based payments is flexibility and adaptability. By staying attuned to the needs of your customers and being willing to evolve your business model as needed, you can position yourself for long-term success in an increasingly subscription-driven market. The post Adapting Business Models to the Rise of Subscription-Based Payments appeared first on We Tranxact .

Payment Orchestration & Subscription Models: A Match Made for Growth 📈 In an era where subscription models reign supreme across various sectors, payment orchestration emerges as the linchpin for managing these recurring payments efficiently and securely. Dive into how Spreedly is at the forefront in MRC | Merchant Risk Council's most recent blog post: 🔑 Key Benefits: Boost customer retention & satisfaction. Tap into global markets with diverse payment options. Drive revenue growth through optimized payment success. Simplify operations & gain valuable insights for strategic decisions. 🔗 Discover the synergy of payment orchestration and subscription payments with Spreedly: https://bit.ly/3TO39Up #PaymentOrchestration #SubscriptionEconomy #SpreedlyInsights #FintechEvolution #GlobalPayments

When we founded Moov, we wanted to be a payments processor that would ‘delight end users.’ A little cheesy, I know. But that was our goal. Our first key questions to answer. Where could we find people who cared as much about the end consumer as we did and could reach them at scale? So we threw our value prop out into the world and discovered the incredible niche of Vertical SaaS providers. The entire point of Vertical SaaS providers is to make the lives of businesses easier so that they can provide the most seamless experience to their customers. They care an INSANE amount about the end user experience. We realized that if we could provide a developer-friendly payments platform, vertical SaaS providers would jump on it and make the lives of countless consumers infinitely easier. If you’re having trouble achieving your end goals, take a step back and think about whether you’re selling to the right person.