Recurrent payments are an important tool for companies. They allow you to process transactions without the direct participation of the payer, automatically debiting funds. This, for example, ensures the comfortable operation of SaaS companies that offer services on a subscription basis. The PayAdmit payment system offers customers a recurring payment service. Using our recurring billing solution, you will receive payments quickly and conveniently.
How do recurring payments by PayAdmit work?
Automatic recurring payments from PayAdmit allow subscription service providers to receive payment without the direct participation of the payer. That is, your client does not need to open the payment page each time, re-enter all the card details and confirm the payment. Due to the recurring payment, the funds will be debited automatically, and the subscription will also be renewed automatically.
Payments are set up once, at the time of the client’s subscription. They choose a tariff plan for themselves, indicate the details, and confirm the first payment. After that, PayAdmit saves all the information and debits funds in accordance with these settings. PayAdmit online recurring payments is a great solution for news sites, OTT platforms, cloud services, and any SaaS businesses that provide subscription services.
What are the advantages of recurring payments from PayAdmit?
The PayAdmit payment gateway offers customers the ability to connect recurrent payments. This solution provides several important advantages:
- Reduces the risk of losing customers. Up to 20% of customers are “lost” due to the fact that they do not make payments on time. Recurring payments processing by PayAdmit eliminates this risk.
- Possibility to set the time of charge requests. This is important, for example, if the client does not have enough funds in the account. In this case, the repeat billing system will automatically send a request after a while.
- Automatic reconfiguration to a new card. If the client’s card has expired and they have reissued it, the PayAdmit recurring payment service will automatically update the database and charge using the new details.
In addition, all this creates a good reputation for business among customers. They get the opportunity to conveniently pay for a subscription without needing to take any action. The payment subscription service by PayAdmit will automatically charge the funds.
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