For what type of business do we recommend using recurring payments?

Read time 2 min | Posted 2023-10-27
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In this article, we will tell you in which businesses recurring payments will work and what benefits result from their implementation.

Płatności mobilne

Recursive payments are an increasingly popular solution that allows entrepreneurs to automatically collect fees from their customers at regular intervals. This solution works especially well for companies offering subscription services or selling products on fixed terms. In today's article, we will discuss for what type of business we recommend using recursive payments.

For companies offering subscription services

Companies offering subscription services, such as streaming platforms, video game websites, online courses or training programs, should definitely be interested in recurring payments. For these types of businesses, customers often want flexible payment options that allow them to use services without having to make manual payments every month.

For companies selling products on fixed terms

Recurrent payments are also an ideal solution for companies selling products on fixed terms, such as online stores offering product subscriptions, e.g. cosmetics, dietary supplements or food. Thanks to subscription payments, entrepreneurs can regularly charge for products or services without having to constantly monitor bank accounts or remind customers to make payments.

For service companies with long-term contracts

Companies that offer long-term customer contracts, such as telecommunications providers, fitness chains and insurance companies, can also benefit from recurring payments. This form of payment will make running a business easier because the service fee will be charged automatically every month. Modern recursive payment systems are very flexible because they offer additional features, for example additional single charges, shopping cart mode or payment refunds.

Recursive payments are a solution that allows entrepreneurs to automatically collect fees from customers at regular intervals. For companies offering subscription services, selling products on fixed terms or offering long-term contracts, recurring payments are an ideal solution. Thanks to them, entrepreneurs can effectively manage revenues from services, and customers can use services more flexibly.

However, it is worth remembering that choosing recursive payments requires appropriate preparation from the entrepreneur. First of all, you should ensure payment security, choose the appropriate payment platform and test the entire payment process. It is also worth paying attention to the transparency of contracts and the availability of appropriate technical support for customers.

One of our products - EspagoPay perfectly meets the above requirements! We offer you an automatic recursive payment system in which all transactions are secured at the highest level together with VISA and MasterCard. You can try our system for free. It is simple!