Making payments easier and more secure is a key goal of any business. To facilitate this, many businesses employ third-party payment processors to handle payments through methods like credit and debit cards. Authorization rate is a metric used to measure the success of these payment processes, and it can be improved by leveraging multiprocessor solutions. In this article, we’ll discuss what an authorization rate in payments is and the potential limitations of using one payment processor, as well as the benefits of multi-processor solutions and how they can increase your business's value. What Is a Payment Authorization Rate? A payment authorization rate is the percentage of payments that are successfully processed and accepted by a payment processor. This figure is one of the most important…