Recurring payments for subscription businesses

Recurring payments are where a customer agrees for you to bill funds from their debit card or credit card on a regular basis. This could be for a subscription, membership, or billing a customer in instalments for the services or products they sell.

Using Checkout.com’s Unified Payments API, you take payments through your online or mobile website and store the details of a cardholder to use for regular subscription, membership, or instalment payments.

Through our payments processing service, you capture their consent to take scheduled payments for their account, and then submit subsequent payments to our API on a regular schedule, referencing the initial payment used to set up the recurring payment series, with no need to take the customer’s details again.

Our unified payment solution allows our merchants to access better data and business analytics, improve security and lower compliance costs, and benefit from higher authorization rates.

Over time, the gains in efficiency from a modern payments platform can significantly impact the balance sheet – each lost subscription can mean months or years of missing revenue, so every successful authorization counts. Our actionable data on the success of your subscriptions can make your payment system a profit center - providing insights on the pricing and billing schedules that drive increased revenue.

With legacy systems, this data is often unattainable or invisible. When subscription businesses work with providers like Checkout.com that offer a granular view of payments data, they can easily see which subscription models work and use these insights to optimize their offering.