Craftgate is a payment orchestration platform that enables businesses to integrate and manage multiple domestic and international payment methods through a single interface, optimizing transaction routing to minimize costs. By providing a centralized solution for online payments, Craftgate enhances payment success rates and reduces operational complexities for e-retailers and marketplace merchants.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DVHCFounders
Product
Problem
E-retailers and marketplace merchants face the challenge of integrating and managing multiple payment methods, both domestic and international, which can lead to increased operational complexity and costs. System outages and payment errors can interrupt payment processing, leading to lost revenue and reduced customer satisfaction.
Solution
Craftgate offers a payment orchestration platform that consolidates the integration and management of diverse payment methods through a single interface. The platform's smart routing capabilities minimize payment costs by processing transactions through the most efficient virtual POS or payment institution. Craftgate ensures seamless payment processing, even during system outages, by employing payment retry mechanisms. The platform also provides a merchant panel for tracking payment processes, managing refunds, and generating transaction reports.
Target Audience
Craftgate is designed for e-retail and marketplace merchants that receive online payments and seek to streamline their payment processes, reduce costs, and increase revenue.
Features
- Single integration point for multiple domestic and international payment methods
- Smart and dynamic payment routing to minimize transaction costs
- Payment retry mechanism to ensure seamless payment processing during outages
- Advanced merchant panel for managing payments, refunds, and generating reports
- PCI-DSS Level 1 compliant infrastructure for secure card storage and one-click payments
- Tokenization for recurring payments
- Open-source libraries and a developer portal for easy integration
- Shopify e-commerce module for integration with Shopify stores