Smart Routing: Let's Improve Your Approval Ratios

What Is Smart Routing and How Does It Work?

This advanced payment processing technology intelligently directs transactions through the most optimal path to maximize approval rates and minimize declines. At Centrobill, our smart transaction routing system evaluates multiple factors, such as transaction type, issuing bank, currency, and customer location, to determine the best-performing payment service provider (PSP) or merchant identification number (MID) in real-time.

Whether you're running a lean operation with just a few banking relationships or managing payments across a large network of merchant accounts, smart routing ensures your transactions are processed efficiently, securely, and with the highest possible success rate.

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Benefits of Smart Routing Payments for Your High-Risk Business

Improved Cash Flow

By intelligently directing transactions through the most efficient payment pathways, businesses experience faster and more consistent revenue streams.

Boosts Acceptance Rates

Selecting the optimal acquirer based on card type, geography, and transaction history increases the chances of successful authorizations. It helps minimize failed transactions by automatically avoiding gateways with high decline rates or routing errors.

Load Balancing Across Multiple MIDs or PSPs

Our system also supports load balancing across multiple MIDs or PSPs, helping merchants avoid overloading a single provider and reducing the risk of account freezes or penalties.

Real-Time Velocity Rule Management

Smart routing enables real-time velocity rule management, ensuring that transaction limits are respected across providers while maintaining compliance and protecting against fraud.

Routed to the Most Appropriate Acquiring Banks

Smart routing technology evaluates factors like card type, issuing country, transaction amount, and historical performance data to choose the acquiring bank most likely to approve the transaction. This increases the chances of successful payments and reduces declines and chargebacks, improving the customer experience and ensuring more reliable revenue.

Full Control for a Smooth Process

Smart routing allows high flexibility and control, which is essential for high-risk merchants to keep operations smooth, secure, and profitable, no matter their niche.

Cascading Payments is an Important Aspect of Our Smart Routing Steps

Cascading payments is a payment processing strategy where a transaction is automatically retried through multiple payment gateways, acquiring banks, or merchant accounts if the initial attempt fails. Think of it like a safety net for payments – if one path doesn’t work, the system "cascades" down to the next available option until the transaction is either approved or all routes are exhausted.

A customer attempts to make a payment.

The transaction is routed to the primary payment processor.

If the transaction fails (e.g., due to a technical error, decline, or downtime), it’s automatically retried through a secondary route – another payment provider or MID.

This continues through a predefined sequence of routes until a successful authorization or a final decline.

Why Multiple MIDs and PSPs Matter

Merchant Identification Numbers

A MID is a unique number assigned to a business by an acquiring bank or payment processor when the business sets up a merchant account. This number identifies the business when it processes credit or debit card transactions. If a company has multiple MIDs, it typically means it can process payments through several merchant accounts, which can help with load balancing, reducing risk, and improving payment success rates.

Why it Matters for High-Risk Businesses
Multiple MIDs allow merchants to distribute transactions and avoid triggering fraud or volume-related flags on any single account.

Payment Service Providers

A PSP is a company that enables businesses to accept multiple payment options through various payment types – credit cards, debit cards, bank transfers, digital wallets, and more. Examples of PSPs include Stripe, PayPal, etc. PSPs handle the technical side of payment processing, making it easier for businesses to accept payments without setting up their own banking infrastructure.

Why it Matters for High-Risk Businesses
Working with multiple PSPs gives businesses more flexibility, broader coverage, and a backup plan if one provider experiences issues or declines transactions.

Why Real-Time Velocity Rule Management Matters for Improved Payment Orchestration

This is a fraud prevention and risk control feature that allows businesses to monitor and limit the number or value of transactions processed within a specific time frame – in real-time.

Here's how it works, velocity rules can be set to track things like:

Number of transactions per minute/hour/
day

Number of failed or declined attempts per customer

Total value of transactions within a certain period

Transactions per IP address, card number, or device

A transaction exceeding a preset threshold can be flagged, blocked, or rerouted automatically – before it’s processed.

Why it matters for high-risk businesses:

For industries prone to fraud or chargebacks, real-time velocity rule management helps.

Prevent abuse and fraudulent activity (like bot attacks or repeated card testing)

Ensure compliance with regulations and merchant account agreements

Stay within processor or acquiring bank limits, which can help avoid penalties or account shutdowns

Improve overall transaction quality, transaction approval and customer trust

Centrobill uses this functionality as part of its smart routing and payment orchestration to protect merchants while optimizing performance, balancing security and a smooth customer experience.

Get Started with Smart Payment Routing Today

Ready to start smart payment routing to enhance your business's financial efficiency? You can significantly improve your authorization rates and minimize failed payments by utilizing multiple payment methods. This innovative approach allows you to route transactions intelligently, ensuring that they are processed through the most effective channels.

Centrobill can help you maximize your conversion rates and provide customers with seamless global payment options, making it easier for your business to thrive in a competitive landscape. Start leveraging smart payment routing now for a more efficient future.

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Not sure what solution you're looking for? Are you constantly struggling to get approved by providers?Our team is always here to help you.

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