Retrypay offers a unified payment solution that integrates multiple payment gateways and methods into a single interface. The platform intelligently routes transactions across various destinations to automatically retry failed or rejected payments. This process maximizes successful transaction rates, leading to increased online sales for merchants.
Funding
$2.3M 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.
Founders
Product
Problem
E-commerce businesses often experience failed or rejected online transactions, leading to lost sales and decreased customer satisfaction. Integrating and managing multiple payment gateways to mitigate this issue can be complex and require significant technical overhead.
Solution
Retrypay is a transaction routing platform that aggregates multiple online payment gateways into a single integration, optimizing transaction success rates for e-commerce businesses. The platform intelligently reroutes failed or rejected transactions to alternative gateways in real-time, increasing the likelihood of successful payment processing. This automated rerouting process helps businesses recover potentially lost revenue and improve the overall customer experience by minimizing payment failures. By providing a unified payment infrastructure, Retrypay simplifies payment management and reduces the technical burden associated with maintaining multiple gateway connections.
Target Audience
Retrypay primarily targets e-commerce businesses that process a high volume of online transactions and seek to minimize payment failures and maximize revenue recovery.
Features
- Intelligent transaction rerouting based on real-time gateway performance and transaction characteristics
- Unified API for integrating multiple payment gateways with a single technical integration
- Automated retry logic to handle failed or rejected transactions without manual intervention
- Real-time monitoring and reporting of transaction success rates across different gateways
- Support for various payment methods and currencies