Why would I need or use this?

[dlukt]

If I'm a customer, why would I use this?
If I'm someone who collects payments, why would I use this?
It's not clear to me what exactly this is.

Are there any additional costs, if I self-host? (I only read the pricing page)

I'm not sure what exactly this is.

[sandeep-kuppili]

Hyperswitch is an open-source payments orchestration platform which empowers businesses to unlock value by increasing authorization rates, reducing costs, streamlining ops and compliance via a scalable, secure and reliable infrastructure.

Please check our website for a detailed list of features and capabilities.

There are no additional costs if you intend to use our self-host community edition which would mean that you will have deal with compliance complexities on your own and access support for integration via our GitHub and Slack channels. To get a a clear picture on the different engagement models please visit our pricing page.

[dlukt]

OK and now the non-marketing babble version

[sandeep-kuppili]

Hey, sure. Let me explain this more clearly for your understanding.

Imagine this as a scenario - a business which is operational in EU and US has PSP relationships PSP-EU1 and PSP-US1 to process payments in EU and US respectively, Fraud Provider contracts with FRM-EU1 and FRM-US1 and would want of their card transactions to be tokenized.

This usually requires a significant development effort to build. With Hyperswitch, you can configure the workflow needed with a few clicks on the dashboard by setting rule based routing. Hyperswitch is also a certified TR-TSP provider with Mastercard, VISA which enables for it to create and update network tokens as needed.

And a few days with this set-up, now suppose the business wants to add another PSP in US PSP-US2 to add redundancy as it has been observed PSP-US1 has had significant downtime issues. Business can set this up and make use of fallback routing (route only when PSP-US1 is down) / intelligent routing (dynamic switching based on success rates and downtimes of PSPs).

As the business scales, with ever evolving payment landscape and regulations and need to continuously optimize the stack for businesses to reduce costs, improve authorization rates etc., new requirements keep coming up and it becomes increasingly difficult for businesses to manage this complexity of integrations i.e to add new/enhance existing processor, payment method, authentication system etc., connections and build appropriate workflows.

Hyperswitch simplifies connecting to various players in the payment ecosystem (eg: PSPs, fraud providers, authentication systems, networks etc.,), build payment workflows as per what the business needs. This helps businesses to quickly spin-up an end-to-end payment stack and experiment with various players (without vendor lock-in) in the ecosystem without much significant development effort.

Our modular architecture also allows businesses to pick and choose point solutions as needed to enhance their current payment stack. Eg: Vault, Cost Observability, Revenue Recovery etc.,