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Corefy

A clear breakdown of Corefy’s payment orchesation platform, with expert comparison from Independent Merchant Services to help you choose the most cost-effective setup

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corefy

Corefy Merchant Services

Corefy is an orchestration platform for online businesses and payment institutions, providing payment orchestration tools that help businesses accept transactions online through multiple providers and acquirers. As a platform for online businesses specialising in payment orchestration, Corefy gives merchants a unified interface to manage payments, payouts, and transaction processing across different channels. The aim is to give businesses a clear picture of how payment orchestration works and whether Corefy suits their processing needs, leveraging Corefy's expertise in the fintech field. The platform handles complex routing and provider management while keeping the experience straightforward for merchants.

What Corefy Offers

Corefy operates as a payment orchestration hub that connects online businesses and payment institutions with multiple payment providers worldwide. The platform supports various integrations with payment providers, acquirers, and business systems, enabling businesses to integrate payment providers efficiently for seamless payment management. It supports various payment methods, card types, and transaction flows through a single integration point. Corefy handles the technical complexity of managing multiple providers while offering businesses unified control over their payment operations.

Corefy has connected dozens of payment solutions and providers for clients, ensuring comprehensive and scalable integration. The platform delivers all the really necessary functions required for effective payment orchestration, supporting smooth operations and onboarding.

All of this is developed and supported by real professionals with deep industry expertise.

Key Features of Corefy

The platform includes smart payment routing, transaction monitoring tools, anti-fraud systems, tokenisation, cascading functionality, and multi-language support. Corefy supports immediate charges, subscriptions, direct debits, and cryptocurrency transactions through customisable payment pages and developer-friendly integrations.

  • Integration with multiple payment providers worldwide through a single platform.
  • Unified communication and management interface for seamless payment orchestration.
  • Real-time transaction monitoring and detailed reporting capabilities.
  • Advanced fraud prevention tools to secure payment flows.
  • Ongoing support with fast response times from the support team and direct access to your account manager.
  • Tokenisation for enhanced data security and PCI compliance.
  • Flexible payment options including card payments, direct debits, and digital wallets.
  • Fast onboarding period supported by a professional team, dedicated account managers, and comprehensive assistance during setup and integration. From the first day, clients receive all the necessary information to ensure a smooth onboarding experience.
  • Scalability to support growing payment traffic and expansion into new geographies.

Pros and Cons

Corefy offers fast onboarding, professional support, and comprehensive payment orchestration capabilities that help reduce processing costs and improve conversion rates. The platform provides strong technical expertise and dedicated account management, making Corefy a strong partner for businesses seeking reliable payment solutions. Corefy is recognised as a really strong partner in the fintech industry, known for fruitfully cooperating with clients to achieve long-term success. Their mutually beneficial partnerships and close business relations with clients foster ongoing collaboration and business growth. However, specific pricing details require direct consultation, and the platform may offer more features than smaller businesses need.

Corefy also demonstrates a high level of responsibility in resolving issues and supporting clients, ensuring professional and accountable service at every stage.

Advantages

  • Fast onboarding with support from a professional team and dedicated account managers
  • Integration with multiple payment providers worldwide through one platform
  • Unified communication and management interface for seamless payment orchestration
  • Smart payment routing and cascading to optimise processing costs
  • Advanced fraud prevention and tokenisation for enhanced security and PCI compliance
  • Supports various payment methods including cards, direct debits, digital wallets, and cryptocurrencies
  • Scalable platform that easily fulfils growing payment traffic and geographic expansion
  • Real-time transaction monitoring and detailed reporting
  • Pleasant interaction and great support from the Corefy team, with prompt answers and fast issue resolution

Disadvantages

  • Pricing is customised and not publicly available, requiring direct consultation to verify costs
  • The platform may offer more features and complexity than needed for smaller businesses
  • Initial stages of integration might require technical expertise and coordination with Corefy’s technical partner
  • Some businesses may find the extensive functionality overwhelming if only basic payment processing is needed

Pricing

Corefy uses a customised pricing model based on transaction volume, required features, and business needs. Exact fees are not publicly available and require discussion with their sales team to determine costs specific to each merchant’s requirements. The agreement with Corefy outlines payment terms, deadlines, and the process for cancellation or refunds, ensuring all conditions are clearly documented. Additionally, Corefy provides detailed invoice documentation for all transactions, helping businesses manage financial records and confirm completed payments.

Who Corefy Suits

Corefy works best for online businesses and payment institutions that need to manage multiple payment providers, require smart routing capabilities, or want to expand into new geographic markets. The platform particularly benefits businesses processing significant transaction volumes across different regions.

Industry Use Cases

The platform serves ecommerce businesses, digital services, fintech companies, and payment institutions that need sophisticated transaction management. Corefy does not handle or process end-user funds directly, instead providing the infrastructure for payment processing and management. Corefy works well for businesses requiring multi-provider setups, international payment processing, or complex routing strategies.

Alternatives to Corefy

Similar payment orchestration platforms include Adyen, Stripe Connect, and other enterprise payment hubs that offer multi-provider management and routing capabilities.

Leading Alternatives to Corefy

stripe

Stripe
Stripe Connect enables marketplaces to manage payments between parties with customizable flows, global payment support, and strong fraud protection.

opayo

Opayo
Opayo provides secure payment processing with a focus on UK businesses, offering easy integration, PCI compliance, and reliable customer support.

adyen

Adyen
Adyen offers a unified payment platform supporting multiple methods and currencies, with advanced risk management and seamless integration for ecommerce and in-store payments.

These alternatives provide robust options for businesses seeking efficient and secure payment orchestration alongside Corefy’s comprehensive platform.

Integration and Technical Setup

Merchants connect to Corefy through APIs and can integrate the platform with existing websites, systems, or applications. During integration, merchants use specific request endpoints in the API to perform actions such as creating transactions, calculating commissions, and retrieving payment or payout details. The setup process typically takes less than three weeks with support from Corefy’s technical team and dedicated account managers, enabling merchants to achieve their first live transactions shortly after integration. This quick onboarding ensures the platform is ready to process live transactions immediately after setup.

Customer Reviews and Reputation

Clients generally praise Corefy for responsive support, technical expertise, and strong partnership approach. The platform receives positive feedback for its payment page quality and the professional knowledge of its team members.

We wish our clients only prosperity and continued success as they grow their businesses. Partnering with Corefy often marks new beginnings, opening doors to fresh opportunities and future achievements.

How Independent Merchant Services Supports UK Businesses with Payment Gateway Selection

At IMS, we serve as an independent adviser to UK businesses seeking the right payment gateway by offering:

  • Impartial comparisons of payment gateways and providers tailored to your unique business needs, ensuring the best fit.
  • Expert negotiation of rates and contract terms to lower your transaction fees and monthly fees, maximising your savings.
  • Comprehensive assistance with technical integration and onboarding for a smooth, efficient setup process.
  • Ongoing support and performance monitoring to optimise your payment processing and keep your business operations running seamlessly.
  • Access to trusted industry certifications, client testimonials, and case studies that demonstrate our proven commitment to your success.
  • Strategic guidance to help you unlock the full potential of your payment solutions, improve cash flow, and drive business growth.

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FAQs about Corefy

Here are 10 common questions and answers about Corefy

How long does it take to integrate Corefy with my business systems?

Integration typically takes less than three weeks, supported by Corefy’s professional team and dedicated account managers to ensure a smooth onboarding period.

What payment methods does Corefy support?

Corefy supports a wide range of payment methods including card payments, direct debits, digital wallets, and cryptocurrencies, all accessible through a single integration.

Can Corefy handle payments in multiple currencies?

Yes, Corefy supports transactions in multiple currencies, enabling businesses to expand into new geographies and serve international customers efficiently.

Is Corefy suitable for small businesses or only large enterprises?

While Corefy offers extensive features that benefit large businesses, it can also be tailored to meet the needs of small to medium-sized enterprises requiring multi-provider management.

How does Corefy ensure transaction security?

Corefy uses advanced fraud prevention tools, tokenisation, and PCI compliance measures to secure payment flows and protect sensitive customer data.

What kind of customer support does Corefy provide?

Corefy offers responsive customer support with knowledgeable people available to assist through all stages, including initial setup, ongoing management, and troubleshooting.

Does Corefy offer a merchant portal for managing transactions?

Yes, Corefy provides a unified merchant portal that allows businesses to monitor, manage, and analyse all transactions and payment operations in real time.

How does Corefy optimise payment routing?

Corefy uses smart routing and cascading features to route transactions to the most cost-effective payment service provider, improving conversion rates and reducing processing costs.

Are there any hidden fees or long-term contracts with Corefy?

Pricing is customised based on transaction volume and features needed. It is recommended to discuss terms directly with Corefy’s sales team to understand all costs and contract details.

Can Corefy integrate with existing ecommerce platforms or POS systems?

Yes, Corefy’s APIs and integrations allow seamless connection with existing websites, ecommerce platforms, and point-of-sale systems to streamline payment orchestration.

Get a Comparison

Consider consulting with payment processing experts to evaluate whether Corefy’s orchestration approach fits your business model compared to single-provider solutions or other payment hubs. Corefy’s team understand fintech deeply, which informs their product design and support. Understanding the differences can help you choose a platform that best supports your transaction volume, geographic reach, and technical requirements.

A thorough payment gateway comparison will also highlight how Corefy’s universal feature-rich payment orchestration platform integrates payment providers, offers a unified management interface, and supports smart routing to optimise costs. Payment methods and payout options are extremely covered by Corefy's platform, ensuring you select a solution that aligns with your business goals and delivers a seamless payment experience for your customers.

Roger Milne

Roger Milne Founder and CEO of Independent Merchant Services, has helped UK businesses access better payment gateways and lower transaction costs since 2012 through transparent advice and exclusive provider rates.

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