Recurring payments

What’s this?

Recur­ring pay­ments are mech­a­nisms that make pay­ment pro­cess­ing highly effec­tive and effort­less for all kinds of repet­i­tive trans­ac­tions. This allows you to col­lect money from cus­tomers’ cards or bank accounts with­out involv­ing them every time. Once the client agrees to such pro­ce­dures, pay­ments may be ini­ti­ated with a sim­ple card authorization.

“Reg­u­lar” recur­ring pay­ments, for exam­ple, recur­ring billing, usu­ally allow you to only col­lect pay­ments of con­stant amounts within con­stant time peri­ods. But here at PayLane, we like solu­tions that are both flex­i­ble and con­ve­nient for every­one. That’s why we offer some­thing more: we enrich our recur­ring pay­ments in a way that makes it pos­si­ble to meet every merchant’s needs.

We offer meth­ods that allow you to charge your clients any way you want or need to. Just choose the right option and you’ll be able to col­lect pay­ments of con­stant or dif­fer­ent amounts in con­stant or dif­fer­ent periods.

What does it mean?

Recur­ring pay­ments are not only about mak­ing pay­ments more con­ve­nient for mer­chants and their cus­tomers − it’s also about improv­ing effec­tive­ness. PayLane’s automa­tion of the entire process guar­an­tees that the required trans­ac­tions will occur and be com­pleted suc­cess­fully. A mer­chant doesn’t have to bother clients with requests and reminders. These sit­u­a­tions can pro­vide the pre­text for a cus­tomer to resign and quit your ser­vice. And that is not a good rea­son to lose customers!

But why should you choose PayLane’s recur­ring pay­ments? There are two good reasons:

• we can fit the needs of every busi­ness model − we’re totally flexible
• we won’t charge you any­thing extra for recur­ring payments

Exam­ple

Recur­ring pay­ments are gen­er­ally used with the many types of sub­scrip­tions. When­ever a cer­tain amount of money has to be col­lected repeat­edly − that’s when recur­ring pay­ments are prob­a­bly the best solu­tion. The exam­ple of a web appli­ca­tion ser­vice (SaaS) illus­trates the advan­tages of recur­ring pay­ments. We often han­dle the fol­low­ing pay­ment scenarios:

• the pay­ment amount is con­stant and so is the time period − it’s a sit­u­a­tion where pre­mium accounts with addi­tional fea­tures require a cer­tain fee to be paid in reg­u­lar time peri­ods, for exam­ple $25 per month;
• the amount is con­stant, but the time period varies − this could hap­pen when a client is charged only when he “uses” the ser­vice for a cer­tain price; in other words, he pays always the same price, but the fre­quency of his pay­ments will vary depend­ing on usage;
• the amount varies, but the pay­ment time period remains con­stant − this occurs when a mer­chant set­tles reg­u­larly, but charges his clients bas­ing on the “inten­sity” (level) of ser­vice usage or activ­ity; it’s like a phone bill − you pay it monthly, but the amount depends on how many call you’ve made;
• the pay­ment amount varies and the pay­ments are irreg­u­lar − in this case, it’s best to con­sider PayLane’s Card Data Stor­age service.