Where Mailgun has been the default
Mailgun's shape is one of the originals: an HTTP API for send that mirrors an SMTP relay for legacy apps, plus a Routes product for inbound that runs regular-expression matching on recipient addresses and forwards to a webhook or stores mail in a mailbox. The SDKs are tight; the documentation is thorough; the operational story is well-understood.
Under Sinch's ownership the pricing has crept up. The 2026 tiers start around $35/month for 50,000 emails on the Foundation plan and climb from there; verification logs and inbound retention are paid add-ons above the plan cap. The per-message overage on the standard tier is around $0.0008, which adds up at scale.