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What is the need of Payment Routing?

By April 25, 2024 - 11:48am

Routing "connects" the seller and the buyer with each other, providing the optimal route for making a payment.
Routing which also offers a cascading option https://www.theexeterdaily.co.uk/news/business/mastering-fintech-art-payment-routing-and-cascading, increases payment throughput and allows you to solve the problems of losing customers , and difficulties in obtaining funds, reducing the efficiency of the business and its sales department. In case of frequent refusals to make payments, this technology allows you to "simplify" the route. As part of routing, transactions are automatically distributed among issuing banks.
But despite all the advantages, when I was looking for a payment solution suitable for my business, I noticed that this option is not available everywhere. And this is strange, given her positive contribution to the business.

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