Why should a company integrate multiple payment service providers? The main reason comes down to this timeless advice:

• Don’t put all your eggs in one basket.
• Relying solely on one payment partner is risky, mainly due to potential outages and downtimes. Having the option to switch to another provider safeguards your sales and protects you from financial and reputational damages.
• But that’s not the only perk of connecting multiple payment service providers. We’ve previously discussed the pros and cons of having multiple payment partners in another article.
• Now, let’s explore how payment provider integration works, what challenges might arise, and how to overcome them.

Integrating multiple payment providers independently

First, be aware that developing and setting up your own PSP integration can be highly resource-intensive. The more payment handlers you wish to integrate, the more complex the process. However, if your development team is highly skilled, integrations can be completed more rapidly.

Each PSP has its unique technical requirements, so the integration process may vary. Here’s a general overview:

• Analyze the PSP’s documentation. Do they offer the features you need? Can you integrate them with your existing infrastructure? Do you have enough details to begin, or should you contact the payment provider for more information? Delve into the sections that explain the implementation process for each feature you wish to integrate.
• Once you’ve confirmed the payment provider suits your needs, request, set up, and activate development credentials. Keep in mind this can take some time. You may also seek assistance or consultation if necessary.
• Using the documentation, define the transaction flow, study requests and responses, status updates, field requirements, and plan your integration accordingly.
• Develop your integration. If you’ve followed the previous steps, you’ll know exactly what to do and how your code should look. Conduct A/B testing of your integration in a sandbox environment before proceeding.
• Deployment and support. It’s wise to begin processing transactions through the new integration gradually, monitoring its performance to prevent losses or malfunctions and ensure smooth operations.

These steps must be repeated for each new integration. It demands substantial development effort and is an ongoing process, as technical infrastructure requires maintenance and updates.

Additionally, working with multiple payment providers necessitates a dedicated payment team.

Alongside integration, there’s administration and management. You’ll need to monitor providers’ health and maintain communication with each partner to resolve issues and adjust the partnership.

Processing transactions through multiple gateways also complicates having a unified view of your performance. It creates the need for manual systematization and data analysis. The more gateways and accounts you manage, the more manual work is required, leading to increased time consumption and potential errors.

Integrating multiple PSPs through PayStar

While independent integration can be a complex process, PayStar offers a streamlined solution.

To integrate multiple payment providers, PayStar users should:

1. Create a merchant account with their chosen PSP.
2. Navigate to the Payment Providers tab on the Dashboard.
3. Find the new payment service provider from a wide range of options and click its logo.
4. Enter the details provided by the PSP.
5. Click Save.

That’s all. No development effort is required. Our Development team has made this possible by continuously working on implementing hundreds of connections with payment providers worldwide. We keep establishing and maintaining new connections for our clients, making cash flow management effortless and efficient.

Managing infrastructure is also much simpler with PayStar. We offer a single access point to all your business activities. You can monitor performance across multiple providers, switch between them in real-time, set up routing schemes, gain insights from automated reports, save time with automated reconciliations, and much more. We aim to be your payment partner, offering technical support and constantly enhancing our platform’s functionality. If this sounds appealing, reach out through our brief contact form.