Paddle launches platform to help with payment acceptance

Wednesday 17 February 2021 09:51 CET | News

Paddle, a revenue delivery platform for B2B Software-as-a-Service (SaaS) companies, has announced the launch of Paddle Pilot.

The solution is a set of features that can help businesses increase their payment acceptance. Paddle Pilot solves a problem for SaaS sellers by routing all payments between multiple acquiring banks around the world to return the most suitable payment acceptance.

From checkout transactions to recurring subscriptions, each payment is routed to the acquiring bank most likely to succeed. Pilot looks for similar transactions amongst millions of historic payments to make this choice.  In the event a payment is unsuccessful, Paddle Pilot cascades the payment to the next best choice to maximise the likelihood of finding a successful route to payment acceptance. 

Paddle also announced its new Sandbox, a testing environment that lets software companies experiment with their Paddle setup to see the impact that proposed changes will have on customer experience. With a free Sandbox account, Paddle sellers can test new billing models, upgrade paths, or adjust checkout design in a virtual set-up before they make changes to their site.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Paddle, product launch, paddle pilot, SaaS, B2B, Payment Acceptance, sandbox
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech