I run a subscription-based service and have been noticing a growing number of failed payments, especially from international customers. It's frustrating because we often lose revenue from customers who are still interested but can't complete a transaction. I recently came across something called smart routing, and I'm wondering if this could be a solution. Does it really help reduce payment failures by choosing better transaction routes? How does it work in practice, and is it worth implementing for a mid-sized business like mine? Any insights from someone who’s actually used it would be really helpful.
I run a subscription-based service and have been noticing a growing number of failed payments, especially from international customers. It's frustrating because we often lose revenue from customers who are still interested but can't complete a transaction. I recently came across something called smart routing, and I'm wondering if this could be a solution. Does it really help reduce payment failures by choosing better transaction routes? How does it work in practice, and is it worth implementing for a mid-sized business like mine? Any insights from someone who’s actually used it would be really helpful.