Today, we’re proud to announce that Recurly raised $6 Million in a Series A round of investment to grow our company well into the future. We’d like to thank our new investors from BV Capital for sharing our enthusiasm for our business. In addition to BV Capital, our existing investors: Polaris Venture Partners, Harrison Metal [...]
Over the past two years, we have become increasingly aware that payment gateways have been designed to serve traditional e-commerce (one-time transactions) as their primary use case. In many instances, the features and capabilities needed to process payments on a recurring basis are sorely lacking. We have viewed this as both a challenge and an [...]
Internet marketing for most companies centers around the economics of customer acquisition. For most companies, it is thought of as a ‘one-time event’ leading to a conversion or sale. Subscription-based companies have the added benefit of receiving revenue over a longer period of time. In the financial world, a predictable and repeated income stream is [...]
On Friday, November 11th, our service performance degraded. This post gets a bit technical as I would like to explain to our customers what happened, and what we’re doing to improve our infrastructure so this does not impact our service again.
Friday morning at 7am PST, a hard drive in our primary storage array failed. This storage array uses four drives in a RAID 10 configuration, with an extra hot spare and a second idle drive. Using four drives in a RAID array improves our disk performance and allows for a drive to fail, without losing data. Hard drives are guaranteed to fail and we planned for this scenario.
After four months of work, our team is ready to unveil our biggest update yet: API v2 and support for multiple subscriptions on a single account. API v2 incorporates feedback we heard from our merchants and allows you to integrate with even more flexibility than ever before. For many customers, multiple subscriptions enables scenarios that were difficult workarounds with our first API.
Back in March 2011, we launched Transparent Post to simplify PCI compliance for our merchants. Today, we are taking it to the next level with the release of Recurly.js (http://js NULL.recurly NULL.com). Recurly.js is our open-source Javascript library that gives you great looking credit card forms to securely create subscriptions, one-time transactions, and update billing information for your customers.
Most companies offering subscriptions on the web serve a global list of geographies. It is also very short-sighted to assume that potential customers will be willing to subscribe to your offering if it is only offered in your local currency. Can you imagine if Spotify rolled out in the U.S. by only offering its service [...]
When evaluating subscription billing systems, the comparison is not always apples to apples. Our merchants benefit from several structural advantages that work behind the scenes to continuously keep your transactions healthy and minimize unnecessary subscriber churn.