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The ability to generate sales sets a great entrepreneur apart from a good one, for it drives the revenue, thereby ensuring that the business continues to scale. In order to make sure that the flow of revenue is stable, the most trusted solution is recurring payment system. While customers get to subscribe to offers, businesses generate steady sales each month. Furthermore, customers can make their life easier by signing up for the services they need. Subscriptions and recurring payments are now essential components of any business. The problem is in knowing exactly which recurring payment systems to rely on. Hence, we have compiled a list of the best available recurring payment solution providers. Take a look.
Paycorp.io
Paycorp.io is a smart solution for recurring payments of any form. The payment is processed the same day with its instant and guaranteed B2B recurring auto-debit solutions, as opposed to the time-consuming procedures with traditional industry solutions. The recurring auto debit solution provider offers a variety of payment choices, including ACH, UPI, and cards, and generates several digital touchpoints for easy access, including WhatsApp, link push, and a portal. It has direct interface with six banks.
Razorpay
Razorpay is a payment gateway provider for online businesses across all segments. Since the majority of businesses have gone online, they require safe and secure payment solutions, which is where Razorpay comes in. Founded by an Indian, the company enables a business to accept payments from customers, process the transaction and automate payment to vendors & employees. It allows businesses to effectively never run out of working capital.
CC Avenue
CC Avenue is a leading name in the list, as it’s a complete payments solution provider. It allows businesses to accept payments through multiple channels while ensuring the best success rates by switching transactions dynamically, recapturing abandoned transactions and retrying failures. Another USP is the platform’s CCAvenue F.R.I.S.K, which is a state-of-art Fraud & Risk Identification System and Knowledge Base. Businesses get easy Integration & customization along with a fully responsive transaction Page. It’s built to adapt to any device for an optimal transacting experience.
Lotus Pay
LotusPay is a company that aims to simplifying automatic recurring payment collection and opening up access to businesses who could traditionally not avail such services. Its NACH platform gives businesses simple dashboards, REST APIs and mobile SDKs for effective management of customers, plans, subscriptions, mandates, payments and settlements etc. Customers authorise NACH Debit Mandates for direct debit of their bank accounts, following which LotusPay collects the funds securely and pay out to the business swiftly, all in an automated manner. Businesses also have the option to create generic plans with different amounts, frequencies, start logic and durations.
PayPal
PayPal is one of the most well-known and trusted payment service providers in the world, with over 400 million active users. Offer subscriptions, charge for services, or sell on social networking. PayPal offers all of the resources you need in one convenient location. When integrated with a business account, it gives access to a variety of tools to help run and expand the same. A business can accept payments in a variety of ways, including online, by email etc.
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