Across the Board

Blog on e-business and online payments.

Tag Archives: recurring transaction

The importance of transactional e-mails in SaaS businesses

The foundation of SaaS businesses are recurring payments, correct? As a person running this kind of business, you would like it very much if all the payments kept recurring seamlessly.

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Annual vs Monthly Billing: Which to Choose for Your SaaS Business?

Annual and monthly plans are the most often used billing intervals in SaaS businesses.

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Which Online Payment Methods Allow Recurring Billings?

Automatic recurring payment is – not only in my opinion – one of the best features of online payments. (Marketers like to use the term holy grail of SaaS.) It is a powerful tool indeed – both for the clients and the merchants.

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Should You Offer Annual Billing Plans?

No doubt monthly and annual plans are the most popular billing periods in SaaS businesses. Let’s talk about annual billing plans today. Let’s look at some pros and cons.

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How to Use Recurring Payments – Case Study of Sotrender.

Recurring payments, known also as recurring billings or subscriptions, is a mechanism that processes payments for all kinds of repetitive transactions. This payment method allows e-businesses to collect money from customers’ card, bank account or PayPal account. Once the client agrees, payment is initiated regularly at set time intervals.

How recurring payments work

Your client has to create an account on your website and order your service. When it comes down to the payment process they fill out the payment form, with the card or bank account data (such as card or bank account number, card expiration date, cardholder name, CVV etc.) or are sent to their PayPal account. Data are collected when clients create an account on an e-business website or after the trial version’s expiration. This is also the moment when you ask your clients for permission to collect recurring payments.

After first processed transaction you receive from PayLane your transaction ID. After 30 days or any other payment period, your system, through PayLane API, makes the next payment. To do it, there is no need to ask the payer to enter card or bank account data once again. The payment takes place using the transaction ID from the first purchase and transaction amount, which can be changed, so if your clients upgrades their account there is no need to ask him again for permission.

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Which payment model should you choose for your company?

It’s very important to choose a proper business model at the very beginning of your online payment fun. Your success depends on the method you select. Fortunately there are a few possibilities you get to choose from. Each one is assigned to a different online business type.

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