Who will benefit from this?
It is a necessary solution for online businesses that want to have a flexible payment schedule and those who want to improve their business decisions through a consistent cash flow.
Example of use cases
Insurance premiums
Membership fees
Rental or utility bill payment
Tuition fees for educational organisations
Monthly fees for internet service provider or telcos
Uber-like charging model for public transportation services
Subscription based services (Entertainment such as video/audio streaming)
Invisible payment for cashierless store or automated self-checkout counter
Insurance premiums
Membership fees
Rental or utility bill payment
Tuition fees for educational organisations
Monthly fees for internet service provider or telcos
Uber-like charging model for public transportation services
Subscription based services (Entertainment such as video/audio streaming)
Invisible payment for cashierless store or automated self-checkout counter
How Recurring Payment works?
Step 1: Card tokenization
Buyer subscribes or pays for the first time and the card credentials will be tokenized.
Step 2: Charge buyer
Once the charging period is met, we will charge the buyer's card and send a notification to both merchant and buyer upon successful or failure attempts.
Step 3: Repeat payment
The charging will repeat until the terms ended, or either the merchant or buyer sends in instruction to stop the automated payment.