Tyche Payment Gateway: A Complete Overview

Tyche is a payment gateway solution created by Tyche Payment Solutions Pvt Ltd, based in Chennai, India. Since it was founded in 2018, the company has become a trusted partner for businesses of all sizes, from small merchants to large enterprises. It helps them process secure digital payments across various channels, such as online platforms, mobile apps, and in-store transactions.

What Sets Tyche Apart

1. Omnichannel Support

Tyche allows merchants to accept payments through various touchpoints, including websites, mobile apps, QR codes, POS devices, and digital wallets. This flexibility ensures a smooth and convenient checkout experience for customers, regardless of the sales environment.

2. Robust Integration Options

Tyche offers well-documented APIs and SDKs compatible with multiple development languages and platforms, including PHP, Java, .NET, Python, Node.js, iOS, and Android. Merchants can choose between embedded, modal, or redirect payment flows to fit their customer journey. The platform is fully compliant with PCI DSS and ISO 27001 security standards.

3. E-commerce Plugins

Merchants using popular platforms like WooCommerce, Shopify, Magento, OpenCart, Drupal, and PrestaShop can integrate Tyche quickly through ready-made plugins. For businesses with custom requirements, Tyche also offers tailored plugin development.

4. Wide Range of Payment Methods

Tyche supports multiple payment instruments, including:

• Credit and debit cards

• Net banking

• UPI

• QR codes

• Digital wallets

• ACH transfers

• Cash transactions at POS

It also facilitates multi-currency support and cross-border transactions, making it ideal for businesses with global ambitions.

5. Split and Multi-Bank Settlements

Tyche offers automated fund routing and split settlement capabilities. Businesses can distribute payments across multiple vendors, branches, or service providers in real time. The platform also supports settlements with multiple banks, streamlining financial operations.

6. Advanced Reporting and Analytics

The gateway features a dynamic dashboard that offers real-time insights into transactions, settlements, refunds, and invoicing. Detailed reports, such as MIS summaries, tax-compliant invoices, and trend analytics, help businesses make data-driven decisions.

7. High-Level Security and Compliance

Tyche incorporates multiple layers of security, including encryption, fraud detection systems, and secure transaction monitoring. It complies with international security standards such as PCI DSS, ISO 9001, and ISO 27001, ensuring safe handling of customer data and payment information.

8. Focus on Financial Inclusion

Tyche stands out for its commitment to rural financial empowerment. The gateway enables cash withdrawals through POS systems in underserved areas, effectively turning retail shops into micro-ATMs. This aligns with broader national initiatives focused on digital and inclusive banking.

9. Partner and Referral Program

Tyche offers a lucrative partner program, allowing affiliates and resellers to earn lifetime commissions based on referred business volume. This program is ideal for value-added resellers (VARs), payment consultants, and system integrators.

10. 24/7 Merchant Support

Merchants benefit from continuous support via phone, email, or chat. Dedicated onboarding managers and technical experts assist businesses throughout the integration and go-live process, ensuring a smooth transition.

Core Features of Tyche

Easy Integration

Tyche provides RESTful APIs, comprehensive SDKs, and sandbox environments for developers. The documentation is designed to reduce development time and ensure fast integration.

Multi-Platform Compatibility

Tyche offers plug-and-play compatibility with e-commerce platforms such as WooCommerce, Magento, PrestaShop, and more. It also supports hybrid mobile apps and native platforms.

Split and Multi-Bank Payouts

For businesses managing multiple stakeholders, Tyche enables rule-based split settlements. Funds can be routed to different accounts or banks automatically.

Custom Pricing and Routing Engine

Tyche’s intelligent routing system can optimize payment processing paths based on the lowest transaction fees or the highest success rates. Merchants can also configure differential pricing models.

Dynamic Reporting

Merchants get access to a live dashboard that visualizes transactions by volume, geography, payment method, and other key metrics. Reports can be exported in multiple formats for compliance or audit purposes.

Responsive User Interface

Tyche’s admin panel is responsive and mobile-friendly, allowing merchants to monitor performance and control payment operations from any device.

Additional Solutions

• POS Systems: Tyche offers mobile and fixed POS solutions with barcode scanners, receipt printing, and GST-compliant invoicing.

• Digital Wallets: Secure wallet-based transactions allow for instant payments, balance tracking, and QR-based checkout.

• Invoicing and Subscriptions: Generate and manage GST-compliant invoices, recurring payments, and subscription billing cycles.

• Cash at POS: Enables cash disbursement at retail outlets, supporting government benefit schemes and rural banking efforts.

Security and Compliance

Tyche meets or exceeds global standards for data and transaction security:

• PCI DSS Compliant: Ensures secure handling of cardholder data.

• ISO 9001 Certified: Demonstrates a commitment to quality management.

• ISO 27001 Certified: Ensures best practices for information security.

• Fraud Prevention: Includes risk profiling, blacklist management, and transaction monitoring.

Target Audience

Tyche serves a wide spectrum of businesses, including:

• E-commerce Stores: Simplified integration and seamless checkout across channels.

• Retail Businesses: POS and QR-based payments enhance physical store operations.

• SaaS Platforms: Recurring billing and developer-friendly APIs for quick integration.

• Marketplaces and Aggregators: Support for split settlements and multi-party payouts.

• Fintech Companies: APIs for wallet, banking, and real-time payments.

• Rural Entrepreneurs: Solutions for financial inclusion and cash access.

• Referral Partners: VARs and agents seeking residual commission income.

Conclusion

Tyche is more than just a payment gateway. It is a complete financial technology platform designed for businesses that need reliability, flexibility, and growth. Whether you are a startup looking into payment options or a large company managing multi-bank settlements, Tyche provides a secure, scalable, and easy-to-use solution.