About Hyperswitch
An open-source, modular payment orchestration platform that enables businesses to connect with multiple payment processors, acquirers, and alternative payment methods through a single API to optimize authorization rates and reduce costs.
Hyperswitch is an open-source payment orchestration platform developed by Juspay, designed to help enterprises manage complex payment ecosystems. By providing a modular, API-first infrastructure, it allows businesses to integrate with over 300 payment processors and local payment methods, significantly reducing the complexity of maintaining a global payment stack. The platform excels in intelligent routing, where it uses machine learning to optimize transaction paths, thereby improving authorization rates and lowering processing costs. Its architecture is built in Rust, emphasizing performance and reliability, with a proven track record of handling massive transaction volumes. Hyperswitch offers flexible deployment options, ranging from a free self-hosted community edition to a fully managed enterprise cloud service. While the platform provides robust tools for reconciliation, cost observability, and revenue recovery, some advanced features are offered as paid add-ons. It is particularly well-suited for high-volume businesses in sectors like e-commerce, aviation, and SaaS that require granular control over their payment infrastructure and compliance.
Pros & Cons
- +Open-source architecture provides full control and avoids vendor lock-in for enterprise payment stacks.
- +Intelligent routing engine significantly improves authorization rates by dynamically selecting the best payment path.
- +Modular design allows businesses to pick and choose specific payment components like vaulting or reconciliation.
- +Comprehensive compliance support including PCI DSS 4.0 and ISO 27001:2022 out of the box.
- +High-performance Rust-based infrastructure ensures low latency and reliability at scale.
- −Advanced features like cost observability and reconciliation are offered as paid add-ons rather than part of the core open-source package.
- −Self-hosting requires significant engineering resources to manage infrastructure and compliance.
- −Pricing for enterprise and managed cloud services is not publicly listed and requires contact with sales.
Features
Key features
- Intelligent Routing
- Uses rule-based and machine learning algorithms to dynamically route transactions across processors for higher authorization rates.
- Payment Vault
- Provides a PCI-compliant, centralized solution for tokenizing and storing card details, wallets, and bank credentials.
- Revenue Recovery
- Features an intelligent retry engine configured to recover lost subscription revenue based on decline codes and regional parameters.
- Cost Observability
- Offers a self-serve dashboard to monitor and optimize payment fees by drilling down into scheme, interchange, and acquirer costs.
- Reconciliation Engine
- Automates 3-way matching across payment data, processors, and banks to reduce manual financial discrepancies.
- Alternative Payment Methods
- Enables embedding of APMs, BNPL, and local payment rails into checkout flows via modular widgets.
Additional features
- Secure Authentication
- Supports customizable 3DS workflows to reduce fraud and improve customer experience.
- Unified Checkout SDK
- Provides native SDKs for web, iOS, and Android to ensure a consistent payment experience.
- Payout Orchestration
- Manages vendor payments, refunds, and global payroll through direct integrations with networks and banks.
- Multi-Currency Support
- Handles global transactions across diverse currencies and regional payment rails.
- Fraud Orchestration
- Integrates with third-party fraud solution providers like Signifyd and Riskified to manage risk workflows.
- Developer-First API
- Offers comprehensive documentation and modular components for building scalable payment stacks.
- Compliance Management
- Built with PCI DSS 4.0, ISO 27001:2022, and SOC 2 Type 2 standards.
- A/B Testing Framework
- Allows merchants to run experiments on checkout flows and payment provider mixes.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About Hyperswitch
An open-source, modular payment orchestration platform that enables businesses to connect with multiple payment processors, acquirers, and alternative payment methods through a single API to optimize authorization rates and reduce costs.
Hyperswitch Details
Hyperswitch's In-App Market Place
Does Hyperswitch have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
4
Mini Apps
Hyperswitch Dropshipping Connect: Allows users to easily connect their Hyperswitch account to dropshipping services for seamless order fulfillment and inventory management.
Hyperswitch Email Marketing Integration: Enables users to integrate their Hyperswitch account with popular email marketing platforms to send targeted campaigns and promotions to customers.
Hyperswitch Social Media Scheduler: Allows users to schedule and automate posts to their social media accounts directly from their Hyperswitch dashboard for convenient marketing outreach.
Hyperswitch Accounting Integration: Syncs Hyperswitch sales data and financial information with popular accounting software to streamline bookkeeping and financial reporting processes.
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), CHF (CHF), CNY (¥), SEK (kr), NZD (NZ$), KRW (₩), SGD (S$), HKD (HK$)
Pros & Cons
- Open-source architecture provides full control and avoids vendor lock-in for enterprise payment stacks.
- Intelligent routing engine significantly improves authorization rates by dynamically selecting the best payment path.
- Modular design allows businesses to pick and choose specific payment components like vaulting or reconciliation.
- Comprehensive compliance support including PCI DSS 4.0 and ISO 27001:2022 out of the box.
- High-performance Rust-based infrastructure ensures low latency and reliability at scale.
- Advanced features like cost observability and reconciliation are offered as paid add-ons rather than part of the core open-source package.
- Self-hosting requires significant engineering resources to manage infrastructure and compliance.
- Pricing for enterprise and managed cloud services is not publicly listed and requires contact with sales.
Hyperswitch's Support Options
Email Address
support@juspay.ioDocumentation
https://docs.bahoom.comCommunity Forums
https://forum.bahoom.comHyperswitch's Alternatives
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Moniepoint is a financial management software from Moniepoint Microfinance Bank that supports small business transactions.…
Chargeback
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