Useful Tools That Can Help You Accept Recurring Payments
Recurring payments are a great way to streamline your business and increase sales. They can also be an excellent option for cash-flow management and budgeting, especially if you accept them from multiple customers. If you’re thinking of adding recurring payment functionality to your website, there are several tools out there that can make the process quick and easy. This list will help you get started.
Cardknox
Cardknox is a reliable solution that provides all of the tools you need to accept recurring payments. The system allows you to set your own rates and billing intervals. The system includes many built-in solutions for common use cases, such as coupons, refunds and more. It also offers comprehensive reporting on your account activity, making it easy to analyze your business’s finances in real-time.
Cardknox is free for smaller businesses and is priced competitively for larger companies. The pricing system offers unlimited payment processing while still offering some of the lowest rates around. It’s one of the more affordable tools on this list, which is a major plus.
Paymentwall
Paymentwall is another payment gateway solution. Paymentwall is a great choice for many eCommerce sites because of the sheer volume of features it includes at no added cost. However, while some competing APIs are more expensive but include less functionality, Paymentwall is priced competitively and still offers a tremendous range of tools.
Recurly
Recurly is a SaaS platform that provides a complete recurring payments solution for businesses of all sizes. It’s valued at $99 per month and works with both eCommerce websites and subscription-based businesses. The system includes integrations for over twenty eCommerce platforms, including the likes of Shopify and Squarespace.
Recurly is a great choice if you’re looking for a complete solution that’s easy to manage. The pricing system is very flexible, and it allows you to easily add additional modules when your business needs change. Recurly also has an excellent customer service team that’s available to answer questions 24/7. The company also has an extensive knowledge base and online tutorials for those who want to fully understand how their system works before taking the plunge.
The biggest downside of Recurly is the cost – it tends to cost more than competing platforms, but still offers fewer features than some higher-end solutions.
Chargify
Chargify is an all-in-one SaaS platform that provides recurring payment solutions for businesses of all sizes, starting at $50 per month. The system works with both eCommerce sites and subscription programs (like Stripe or Braintree) and integrates directly with more than twenty different merchant payment gateways.
Chargify is another great choice for businesses that are looking for an all-in-one solution. The company offers multiple integrations and free customer support. Chargify also includes many features that other platforms don’t include, including social media integration and referral programs.
The biggest downside of Chargify is the price – the basic plan starts at $50 per month, compared to many competing solutions that are priced competitively. Chargify tends to be more expensive than other tools on this list, but you do get a lot of additional features for the cost.
Authorize.net
Authorize.net is a popular choice because it provides an all-in-one solution for both eCommerce sites and subscription-based businesses, including membership programs. It works with the likes of Shopify, Squarespace, Big Commerce, Wix, and others.
Authorize.net is priced competitively at $30 per month (or 3.4% + $0.30 per transaction, whichever is higher) and it comes with many advanced features. However, the system lacks some of the more advanced features that other competing systems have, like recurring billing or coupon discounts.
SimplePay
The company offers flexible pricing based on your monthly transaction volume (starting at $19 per month) and includes all of the tools you need to accept recurring payments.
The biggest downside of SimplePay is that it doesn’t work with every eCommerce platform – the company offers integrations for WooCommerce, BigCommerce, and Shopify, but there are no integrations for other companies on this list. This also makes it difficult to integrate your site with other payment solutions.
Moneybookers
Moneybookers is a popular choice among subscription-based businesses, and it’s priced competitively at $20 per month. The system only works with eCommerce sites (including those using Shopify, Big Commerce, and similar platforms) and isn’t meant for strictly digital products like MP3s or online games.
The biggest downside of Moneybookers is that it doesn’t include any customer support, and there’s no training available for those who want to use the system. That means you’ll need to make sure you fully understand how your tool works before trying to integrate it with your site.
Accepting recurring payments can be confusing if you’re new to the world of online payment solutions. There are lots of different tools available, each with its own unique features and benefits that can be useful for your site. It’s a good idea to browse an entire list of options before making a decision on which system will work best for you. Luckily, this list should help you decide if any of the tools mentioned are right for your site.
