Payex Subscriptions product provides a convenient and flexible way for our merchants to set up subscription billing. With Payex, merchants can easily collect payments on a schedule that suits their needs, whether it’s daily, weekly, monthly, quarterly, or yearly. Here are some examples of how our merchants can benefit from this feature:
|Subscriptions fixed billing
|Scheduled direct debit or auto debit/ merchant initiated deductions of fixed amount on regular time intervals
Example: Property rental, Gym membership fees, Video streaming service
See more: How to create Auto Collection via Mandate Link for Subscription Payment
|Subscriptions usage based billing
|Scheduled direct debit or auto debit/ merchant initiated deductions of varying amount on regular time intervals, merchant will need to update final amount for deductions based on end user consumption
Example: Utilities service
See more: How to create Manual Collection via Mandate Link for Subscription Payment
Why choose Payex Subscription? #
- Wide range of payment methods – Payex’s Subscriptions product allows merchants to collect payments from bank account/credit cards (direct debit method) and debit card/credit card/foreign cards (auto debit method)
- Simple and flexible integration – Serve different subscriptions models with the same integration endpoint
- Advanced features to maximize payment success – Payex’s Subscriptions include payment auto retries, notification and user portals for reconciliation of failed payments. Automate to maximize your success rates!
- Reliable service uptime – Proven track record with large and small customers for high service uptime and quick response time.