Spreedly vs Hyperswitch

These two sit between a merchant and its payment gateways, but they are sold in opposite ways. Spreedly is a hosted service with a published starting price for its card vault, and routing is a separate quote. Hyperswitch is open source under Apache-2.0, so you can run the community edition yourself or buy a Juspay-hosted cloud version. One trades a monthly fee for vendor-run operations, the other trades engineering effort for code you control. Which suits you depends mostly on whether you have engineers to run payments infrastructure.

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Both are reviewed in full in our payment orchestration platform ranking: Spreedly and Hyperswitch.

1. 01

   Open code and what leaving looks like

   Hyperswitch publishes its repository on GitHub, licensed Apache-2.0, and its pricing page offers a community edition to self-host. Leaving means keeping the software you already run. Spreedly's pricing page lists payment token ownership with its vault, which addresses exit from the data side, but nothing we read says the service itself is open source. For buyers whose main fear is lock-in to one vendor, Hyperswitch removes more of that risk.

   Edge: Hyperswitch

2. 02

   The $750 vault against a free download

   Spreedly lists its Vault (Independent) tier as starting at $750 per month, with monthly billing, a PCI-1 vault and unlimited storage. Hyperswitch's Community Edition carries a Start Building for Free call to action, with no price or limits shown, while the enterprise and cloud editions say contact us. Free software is not free to run, as hosting and staff time are yours. Still, the first-month cash cost favours Hyperswitch by a wide margin.

   Edge: Hyperswitch

3. 03

   Routing, retries and the modules nobody prices

   Spreedly's Performance Optimization tier lists network tokenization, account updater, smart retries, PSP-agnostic routing, 3DS and fraud prevention, but shows no price and sends you to sales. Hyperswitch marks revenue recovery, cost observability and reconciliation as paid add-ons with no prices shown, and its terms page names Intelligent Routing, Vault and Alternative Payment Methods as functions. Both hide the figures behind a quote, so neither can be costed fully from its public pages.

   Depends on the buyer

4. 04

   Who keeps the system running

   Self-hosting Hyperswitch means your team owns patching, scaling and compliance, so a finance group without engineers will struggle. The pricing page lists SLA-driven tech support and a dedicated Key Account Manager on the enterprise self-host edition, and a 99.999% uptime guarantee for the cloud plan, though the table alignment is unclear. Spreedly sells a managed service, and its uptime terms are not shown anywhere we looked. Even so, Spreedly takes more operational work off you.

   Edge: Spreedly

5. 05

   Product breadth as each site describes it

   Spreedly's homepage names Vault, Connect, Protect, Optimize, Composer and Agentic, and its pricing page cites 150+ gateway connections, 60+ payment methods and 32+ fraud and risk solutions. Hyperswitch's terms page names Prism, Intelligent Routing, Vault, Alternative Payment Methods and Cost Observability and states no limits. Spreedly gives numbers you can check against your local acquirers, which makes it simpler to test against a shortlist of providers.

   Edge: Spreedly

6. 06

   Company behind it and where it is based

   Spreedly's terms name Spreedly, Inc., governed by North Carolina law with courts in Raleigh, so our data treats the country as the United States; the About page gives 2007 as its founding year. Hyperswitch is built by Juspay, and the Juspay privacy notice names Juspay Technologies Private Limited in Bengaluru, India. Hyperswitch's own terms page gives no establishment country. Neither vendor is based in Europe, so this round is level.

   Depends on the buyer

Does Spreedly's $750 figure include routing?

The figure belongs to the Vault (Independent) tier, which covers the PCI-1 vault, unlimited storage and token ownership. Routing and the other optimisation features sit in the Performance Optimization tier. That tier shows no price and requires contacting sales.

Is Hyperswitch's community edition usable in production without paying?

The pricing page offers it under Start Building for Free and shows no limits or trial period. The code is Apache-2.0 on GitHub. Running it means you carry hosting, uptime and compliance yourself.

Who actually builds Hyperswitch?

The site footer and header name Juspay, and the repository sits under the juspay account. Juspay also hosts the cloud edition. Nothing on the pages read describes an acquisition or a parent beyond that.

• Spreedly pricing page: $750 vault start, PCI-1 vault with token ownership, unpriced optimisation tier, 150+ gateways and 60+ methods.
• Spreedly homepage: the six named products from Vault to Agentic.
• Spreedly about page: founding year 2007 and the 2011 gateway-agnostic shift.
• Spreedly legal terms: Spreedly, Inc. under North Carolina law with Raleigh courts.
• Hyperswitch pricing page: three editions, free community call to action, paid add-ons, SLA support and uptime claim.
• Hyperswitch terms page: named functions including Prism and Intelligent Routing.
• Hyperswitch GitHub repository: Apache-2.0 licence on the code.
• Juspay privacy policy: Juspay Technologies Private Limited in Bengaluru, India.