We use cookies to better serve you
I AgreeMore InfoMore Info
1. Update to our Privacy Policy

Hi! We have updated our Privacy Policy to make sure you stay well informed about how we process personal data.

2. Cookie Policy

We place cookies in order to make sure our website works properly and to improve your browsing experience, to offer social media functionalities, to streamline and personalize our marketing content and to show you personalized advertisements (including on third party websites). We sometimes share cookie data with our partners for these purposes. Our cookies remember your settings and the data you fill out on forms on our website and analyze traffic to our website. Our cookies also register how you found us and collect information about your browsing habits. You can read more about our use of cookies and how we share data with our partners, and can change your settings on our Cookie Policy.

7 tips to make the most out of your payment stack

9
Sep
Tips to make the most out of your payment stack
Payment orchestration platforms have become the go-to solutions for businesses looking to optimize their payment performance. The following tips show how you can utilize ZOOZ's unique solution-features to optimize the way you extract information, find payments, or make alterations to, or within your stack— easily. The small tweaks and changes affect transaction approval rates, and should therefore be added to your arsenal for ongoing payment optimization and ease of operation.

 

Webhooks 

Webhooks are designed to alert and give you updates about your stack, but webhooks can be used for more than mere updates. They can also be integrated into your invoicing system, for example, to make the lifecycle of payments more streamlined. Learn more about webhooks here.

Payment Search

Inspecting specific payments in your system is sometimes necessary, and thanks to the ZOOZ elastic search options, payment professionals can easily narrow down payments by using the ready-made design fields or by specific search shortcuts e.g. “amount:123” to find payments according to specific identifications, or search with an asterisk (*) to find payments with partial email addresses, reconciliation ID, order ID and more (e.g., “123*” to find “12345”).


Reporting Tools

Reports can be created as complex or as simple as you wish, but it’s important to be aware that there are always to extract more information from your reports and make them richer and more valuable for your BI.  Adding additional fields to your reports can give you a better view of your payment’s performance whether you wish to know your provider performance, payment method used, or performance according to geographical location. All of these components add up and affect your approval rates, and should therefore be taken into account in the larger scheme of your payment operation.

Decision Engine

After extracting insights from your payments thanks to the aforementioned reporting tools, the next step is to implement these insights into your actual payment performance. To do that, you have the ZOOZ decision engine. With more than 150 different configurations, every business need can be met with ease. Configurations can be based on card issuing country, target-provider, and even the time of day in which the transaction took place. Open a free demo account today to try the routing engine by yourself!

Instant Retry 

Save up to 10% of failed transactions! The Instant Retry feature, a unique ZOOZ ability, allows you to process failed transactions with a backup payment provider, to significantly increase the rate of successful transactions.

Send failed transactions to alternative providers

Block Payments 

Occasionally you may need to avoid undesired or harmful financial traffic by setting pre-defined conditions to block payments. The ZOOZ platform allows you to easily do so via the Decision Engine -> Block Rules feature. Transactions can blocked according to specific transaction-indicators, card properties, transaction amount, or other customized features. 

A/B Testing

Optimization starts with the flexibility to route payments. The ZOOZ decision engine allows easy payment routing that's powerful, simple and intuitive interface that allows you to A/B test your providers' performance, assessing where they perform best, and route them optimally.  Making changes is easy, and our businesses track and adjust their routing configuration as much as they wish, and even several times a day, as their performance is impacted immediately.

For additional tips and tricks, you can always consult our support knowledge-base for frequently asked questions, tools and hacks to make the most of your payments. Check it out here.

A few more interesting reads

COVID-19 Pushes #homecommerce to the Forefront

What fraud trends can we expect to see post-SCA?

Payments 101: Learn the Fundamentals

Stay on top of your payments

Sign up for our newsletter to get the latest payment news

By clicking Subscribe you agree to ZOOZ’s Privacy Policy.