Retailers, what if having multiple payment solutions could actually boost your profitability?

Accepting a payment should never be a barrier to conversion—it should be a growth accelerator. Yet many retailers still rely on a single payment service provider (PSP), thinking it simplifies their operations. This approach quickly shows its limitations: service interruptions, high fees, and suboptimal acceptance rates—all of which directly impact revenue.
By diversifying payment solutions and integrating multiple PSPs, retailers gain flexibility and performance. Cost optimization, broader geographic coverage, and fewer failed transactions—these benefits turn payment management into a powerful growth driver.
Adopting a multi-PSP strategy means regaining control over payments and improving the customer experience. So, why stick with just one?
Relying on a single PSP is like putting all your eggs in one basket. A technical failure, update issue, or simple bug can cause entire batches of transactions to fail, leading to immediate revenue loss. Without a fallback, there’s no way to reroute payments when things go wrong.
Beyond technical issues, a single PSP may also limit your ability to offer the payment methods your customers expect. Each market has its preferences: bank cards in France, PayPal in Europe, wallets like Alipay in China, and the growing popularity of Buy Now, Pay Later (BNPL). Sticking with just one PSP means missing out on potential customers who prefer other options.
Transaction fees vary by PSP, and one provider won’t always be the most cost-effective for all your payment flows. Without the ability to compare, you might overpay without realizing it. A multi-PSP setup allows you to leverage competition and route transactions to the most cost-efficient providers based on region or cart size.
Some PSPs also charge additional fees depending on the transaction type (international cards, foreign currencies, chargebacks, etc.). A multi-PSP approach gives you better control over these costs by letting you choose providers that reduce unnecessary fees.
International expansion requires adapting to local payment preferences, and one PSP may not support the most popular methods in every country.
For example:
A multi-PSP strategy makes it easier to quickly activate the right payment methods per region, without having to fully switch providers.
Also read: E-commerce: does your current payment solution truly meet your customers' expectations?
Every declined payment means a lost customer. And in most cases, rejections aren’t due to insufficient funds, but to technical limitations like:
With a multi-PSP strategy, you can set up automatic fallback systems:
A single PSP sets its own pricing, often without room for negotiation. Multi-PSP setups allow you to:
Smooth, localized payment experiences are essential to conversion. Customers who don’t find their preferred payment method are more likely to abandon their carts.
Manually managing multiple PSPs is complex—each integration takes time, tech resources, and ongoing maintenance. That’s where payment orchestration platforms come in.
A payment orchestrator allows you to:
One of the key benefits of orchestration is centralization. Instead of switching between multiple PSP dashboards, all your transactions are consolidated into one platform.
Benefits include:
While integrating multiple PSPs may seem daunting, orchestration makes it a powerful growth lever. With automation, cost control, and enhanced security, the benefits are undeniable.
By rethinking their payment strategy, retailers can improve performance and offer smoother experiences to customers. Why settle for just one PSP when smart payment management can make all the difference?
Also read: Purse, an agile and autonomous payment orchestration tool to streamline your roadmap!
As a payment orchestrator, Purse lets you integrate, manage, and optimize your payments through a single interface. With over 80 payment partners, seamless integration, and intelligent transaction orchestration, Purse turns payments into a true growth engine.
Don’t let your payment system hold back your expansion. Contact us today and discover how to optimize your payment strategy!