Growing businesses are often looking for ways to optimise revenue while keeping costs low. Innovations in digital technology have meant that the expectation of a fully integrated, seamless payment experience is widespread.
This can be a make-or-break factor when it comes to customer conversion for online retailers, e-commerce and other business types.
However, when it comes to creating a smooth, secure and user-friendly payment process, the language can be jargon-heavy, with the highly distinct features of the payment system seen as interchangeable. Alongside this, the adoption of Payment Orchestration across numerous industries has led to questions about the exact role this plays in a payment ecosystem, and how it differs from the role of the traditional payment gateway.
As a result, we’ve created this article to help you understand the key differences between two important aspects of modern online payments: Payment Gateways and Payment Orchestrators. Read on to get the essential info on what these terms mean and how they operate in the total transaction process.