Juspay Payout Advantages

While our service appears as a basic 2-API transfer layer, Juspay offers substantial hidden benefits. Behind the scenes, complex tasks are automated. Utilising Juspay payout, easily fulfill multiple payouts instantly through our user-friendly dashboard, no manual steps required. Here are the key advantages of our system.

High Availability

We take uptime very seriously. Our SLAs are unmatched in the industry and significantly better than that of the banks (actual service providers). We achieve high availability by implementing several measures some of the notable ones being:

1. Actively eliminating single point of failure at all levels in our application architecture

2. As we are hosted on the cloud, scaling is elastic in nature & hence we are resilient to hardware
   failures

3. The database is implemented with real-time replication and failover is automatic

4. By implementing Active-Active (PR - DR) system, we don’t incur the penalty of having to switch data centres such as that of Banks.

Work with multiple banks in the backend

Juspay lets you integrate seamlessly with multiple Banks, ensuring redundancy in case of one Bank's downtime. This prevents service disruptions, boosting overall system success rate. Essentially, Juspay safeguards you from individual service providers' potential disruptions.

Merchant can add new banking partners / aggregators which are supported by Juspay, thereby increasing available options for the merchant.

Dynamic Routing

Juspay provides a system for configuring the overall routing logic. This logic serves as the cornerstone for deciding the routing option for the transaction. The routing logic can be created using different criteria’s like,

• Beneficiary details (card number, bank, bin)

• Transaction details (amount, udf’s)

Along with these details, the runtime provides access to time information, using which A/B can be implemented as well.

Juspay’s Intelligent Implementation

Juspay has gained plenty of understanding of the underlying systems. We have developed a logic that also takes into account the behaviours of the card-issuing systems. The following are some of the strategies that enable us to achieve great success:

• Optimised Routing for a Greater success rate
  Based on our current experience, we set up your routing logic for the maximum success rate. This enables you to start with a very high success rate from Day 1.

• Intelligent Scheduling
  Bank systems are busy during particular windows. We recognise such windows and appropriately delay the Payment API invocation when no other routing option is available for the said transaction.

• Intelligent Retry
  While the errors may be quite low (<1%), it is essential to cater to this due to the sensitive nature of the payment. We use a persistent workflow implementation to retry the payments via the same/different routing option. The routing option at subsequent retries is chosen depending on the health of the primary option and the availability of other options for the said transaction. Juspay will make attempts for a given number of times before giving up and marking the transaction as a permanent failure.

• Continuous Learning
  Our system continuously sends telemetry information to our monitoring systems. We look at both short term and long term data to derive insights from them. This acts as a feedback loop for ensuring continued success.

Analytics & Reporting

Juspay uses streaming replication to send OLTP data to the OLAP system. This makes the data available for analysis within a few minutes of the actual occurrence, thus providing us with the ability to run aggregates almost realtime. Besides daily MIS, we also support custom reports. These reports will be sent to the designated email addresses from this system on a periodic basis. We can also tailor the reports to be in a machine-readable format which will enable you to import the data into your system directly.

Secure Payouts

Our platform provides robust security to mitigate malicious attempts to interfere with payouts such as:

• Dashboard level access restriction and limitations

• API level security features

• PII and sensitive data encryption for secure storage (upcoming feature)

Contact

For any clarification, please reach out to morpheus@juspay.in or support@juspay.in