AI TOOL PROFILE
Hyperswitch: Open Source Payment Orchestration Platform
- Finance and Accounting
- Payment Processing
- SaaS Companies
- Ecommerce Stores
- Fintech Businesses
- Banks and Airlines
Pricing
Hyperswitch offers a free Self-Host Community Edition. Pricing for the Self-Host Enterprise Edition and Hyperswitch Cloud is not clearly available; buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- SaaS Companies, Ecommerce Stores, Fintech Businesses, Banks and Airlines
- Key use cases
- Multi-PSP Management, Subscription Churn Reduction, Payment Cost Auditing, Global Payment Expansion
- Official website
- Visit hyperswitch official website
How AI is used
Hyperswitch is an open-source payment orchestration tool designed to help businesses manage their payment stacks. It allows users to connect to 300+ payment service providers (PSPs) and acquirers via a single API, which may help reduce the technical overhead of adding new payment methods.
The platform uses a modular architecture, allowing businesses to integrate specific components—such as the vault, routing engine, or reconciliation tools—based on their needs. It supports self-hosted deployment (on-premise or cloud) for users who want to manage their own infrastructure, as well as a fully managed cloud service hosted by Juspay.
It is designed for SaaS companies, ecommerce stores, and firms in fintech, banking, and airlines that require scalability and compliance with standards such as PCI DSS 4.0, GDPR, ISO 27001:2022, and SOC 2 Type 2.
Buyers should confirm their technical capacity for self-hosting versus the managed cloud version and verify if their specific payment processors are supported.
Key Features
Intelligent Routing
Uses rule-based and machine learning algorithms to route transactions to the PSP with the highest authorization rate.
Revenue Recovery Engine
A retry system that analyzes over 20 parameters, such as decline codes and card bin, to recover failed recurring payments.
Payment Vault
A tokenized storage system for payment methods, bank credentials, and raw card details.
Cost Observability
A dashboard to audit and observe payment costs, including scheme, interchange, and acquirer fees.
Reconciliation Framework
Supports automated transaction matching through data fetching from multiple processors and banks.
Alternative Payment Method Widgets
Embeddable buttons for checkouts using PayPal, Apple Pay, Google Pay, Samsung Pay, and BNPL providers.
Use Cases
Multi-PSP Management
Connecting various payment processors to a single API to maintain control over the payment stack.
Subscription Churn Reduction
Using the revenue recovery engine to perform intelligent retries on failed recurring SaaS payments.
Payment Cost Auditing
Monitoring processing fees and identifying anomalies via the cost observability dashboard.
Global Payment Expansion
Integrating local payment methods and global acquirers to increase payment coverage.
FAQ
What is Hyperswitch?
- Hyperswitch is an open-source payment orchestration platform that allows businesses to integrate multiple payment processors using a single API.
Is Hyperswitch free to use?
- There is a free Self-Host Community Edition available. The Enterprise Edition and the managed Cloud service require contacting the vendor for pricing.
Can Hyperswitch help with failed subscription payments?
- Yes, it includes a Revenue Recovery module designed to reduce passive churn by using an intelligent retry engine based on transaction parameters.
How is Hyperswitch deployed?
- It can be self-hosted on-premise or in the cloud (e.g., AWS, Kubernetes), or used as a fully managed service hosted by Juspay.
Source category: Finance & Accounting
Source subcategory: Payment Processing
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