Smarter routing. Increased revenue.
Every transaction counts. Modo helps you capture more revenue while reducing costs.
Least Cost Routing
Transactions can be routed to the payment processor with the highest approval rate for a given card type or region, or to the provider with the lowest fees for that transaction type.
Modo empowers you to create a competitive marketplace among your processors. Because it's easy to plug in multiple gateways, you can negotiate better interchange and discount rates, knowing you have alternatives at the ready.
If Processor A offers a volume discount, you can send more traffic their way. If they raise prices or underperform, you can shift volumes to Processor B. This optionality keeps your vendors honest and your costs optimized.
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Failover Protection
If a provider is down or returns a decline, our platform can instantly retry the payment via a fallback processor, boosting the chance of success. These smart routing capabilities increase authorization rates and reduce false declines, which in turn directly lifts revenue.
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ML-Driven Optimization
Beyond rule-based routing, Modo can incorporate machine learning to continuously fine-tune payment flows. Our platform can analyze historical transaction outcomes to predict the best routing decisions or identify patterns (for example, detecting which transactions are likely to fail and preemptively taking a different action). This ML-driven optimization can find non-intuitive insights, such as specific BIN ranges that perform better with a particular acquirer, and automatically adjust accordingly.
By reducing false declines and improving first-pass success rates, you capture more sales while avoiding the costs of manual retry processes and chargeback fees on avoidable failures. Every saved transaction is revenue preserved. In fact, saving a customer's payment from failing earns that immediate revenue and increases that customer's lifetime value.
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