Open Source Payment Gateway: A Complete Overview

Introduction

Understanding Open Source Payment Gateway

Open source payment gateway, such as Hyperswitch, is a community-led initiative that offers an open payments orchestrator to facilitate access to the best payments infrastructure for digital businesses. This article provides a comprehensive overview of the features, benefits, and impact of the open source payment gateway.

Features of Hyperswitch

No-Code Integration and Easy Management

Hyperswitch reduces 90% of the developer effort on payments by offering a no-code integration with 50+ processors and easy-to-write rules to manage routing. It provides 100% control and automation on payments flow, simplifying the process for businesses.

Developer-Focused Approach

Built for the developer community, Hyperswitch is fully open-sourced and developed in RUST. It offers easy migration from top processors like Stripe, a developer-first dashboard and documentation, and a strong community with 24x7 support.

Engineered for Reliability and Performance

Hyperswitch boasts 99.99% uptime with multi-region deployment, ensuring scalability to handle traffic surges with built-in horizontal scaling. It can process 1000+ operations per second in a 16-core box, delivering efficiency and reliability.

All-In-One Payments Product Suite

The payment orchestrator provides a unified API with enterprise-grade scale and reliability, a unified checkout for a seamless payment experience, a control center for reporting and analytics, a smart router with custom routing algorithms, and the ability to instantly integrate new payment options with minimal development efforts.

Business Impact

Delivering Strong Business Value

Implementing an open source payment gateway like Hyperswitch can yield significant business benefits, including an improvement in payment conversions by 2% to 10%, a reduction in direct payment costs by 10% to 40%, a staggering 90% reduction in payment ops, and complete visibility and control over payment processes.

Payments as Systems Software

Performance and Security

Designed to achieve the best API performance with low resource usage and latency, Hyperswitch leverages fast streaming I/O to minimize I/O and CPU on the main database. Being built with Rust, it ensures high performance, memory & type safety, efficiency, and low resource utilization.

Integration with Major Connectors and Payment Methods

Hyperswitch supports major connectors and payment methods, including Stripe, Adyen, Checkout, Authorize.net, Braintree, Paypal, Global Payments, Fiserv, Worldpay, Chase Paymentech, Klarna, Affirm, and more, enabling businesses to offer a wide range of payment options to their customers.

Conclusion

To sum up, implementing an open source payment gateway like Hyperswitch can revolutionize the payment operations for digital businesses, enabling them to streamline processes, reduce costs, and improve overall efficiency. With its developer-friendly approach, robust features, and significant business impact, Hyperswitch stands out as a prime choice for businesses looking to enhance their payments infrastructure.

For those considering a more reliable, efficient, and developer-friendly payment gateway, Hyperswitch proves to be a compelling option.

For more information, please visit Hyperswitch and revolutionize your payment operations!