The payment performance challenges
by Guillaume Merindol on
Today, I’d like to give you insight on some of our nomenclature and even on metrics we use internally to know how good our algorithms are doing. This will be rather short but will give you an insight on what you can work on, and what we are working on.
In payments, the merchant has three axes to work on: authorization rates, fees, and chargebacks.
The problem with the Authorization Rate The authorization rate is intrinsically the most important stat: it’s essentially measuring the income you should be getting but you’re not.
At ProcessOut, we have supported Apple Pay since last year. If you are like us and want to own your payment stack, it is critical not to rely on a single provider to handle your processing. However, Apple Pay relies on an intricate token encryption scheme which makes it both more secure and harder to implement. There is very little code available to help with the full implementation, beyond Apple’s own examples—which are client-side only.
2017 has been an incredible year for ProcessOut. Since we launched the product and onboarded our first users in January so many great things happened. We learned a lot, visited lots of great countries & above all met amazing people! We’re so grateful to all of you who made 2017 such a special year for us. Year is coming to its end and we thought it was a good time to say “Thank You”.
Damien, you’re the founder of WeLoveDevs.com (former JeChercheUnDev.fr) . Can you tell us a bit more about your background, about this project and the reasons you started it? So we are now a grown company. We have helped 3000 developers in their quest for a better job over the last two years ! Our main mission is to help developers find a job they love. The developer’s hiring market is broken and all the solutions so far have been built by Recruiters.
Logmatic.io is a log manager platform. Whatever your tech stack, Logmatic.io helps you centralize and manage your logs and thus to be in a position to take smarter decisions based on those collected data.
Few months ago, Logmatic.io started using Telescope, ProcessOut’s monitoring solution to optimize online payments. In the article, Amir, Logmatic’s CEO, share whith us its payment journey at Logmatic.io since the beginning of the company. He also explains the payment challenges he faced while scaling its business and why he decided to use Telescope by ProcessOut
The Telescope project = Build an intelligent payment analyst using machine learning & feed it with millions of transactions.
At ProcessOut we help SaaS & eCommerce improve their payment flow. Whether we talk about payment fees or failed transactions, our objective is to drive those down. To demonstrate how this can be achieved and help online merchants optimise their payment flow we’ve released a free audit & monitoring tool for payments named Telescope.
In a recent post we went through the different layers that compose a payment fee (here). It’s time to talk about money. When it comes to payment fees, there are 2 main pricing models: Tiered and Interchange Plus. Here is a short overview of those 2 models and a quick way to start saving on fees.
Tiered pricing is for newbies: Tiered pricing is pretty easy to understand. Your payment provider defines what is a standard transaction and each standard transaction is charged using the same formula.
