Case Study: Preply reduces payment costs by 30% with Payrails

Preply reduces payment costs by 30% with Payrails platform

Preply, an online language learning platform with a global network of tutors and students, sought to optimize its payments for international expansion. They needed to integrate new payment processors and local payment options easily, reduce costs, increase checkout conversion rates, and streamline their financial operations to support their subscription model. To address this, they partnered with Payrails.

Payrails implemented a unified integration layer, dynamic payment routing, and smart retry features for Preply. This solution led to a 30% reduction in payment costs, a 25% decrease in payment failure rates, and allowed Preply to recover 30% of select failed payments, significantly improving their overall payment performance and operational efficiency.

Preply

Paula Sanz

Senior Product Manager