Every business competing on the market today seeks a competitive edge. One way to gain an advantage is to stay up to date with the latest technology and trends. For subscription businesses, adopting new payment technology—such as Apple Pay—can give them the edge they seek.Continue Reading
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Recurly is excited to announce a new dunning webhook notification. In subscription businesses, when a customer’s renewal payment fails, the customer enters the dunning process. Businesses using Recurly can use this webhook to receive information on customers in dunning, letting them manage, monitor and optimize their subscribers’ journeys through the dunning process and deploy programmatic responses, as desired. The webhook allows subscription businesses to integrate with various systems that enable these programmatic responses.Continue Reading
The e-commerce world is abuzz over Apple’s recent announcement from their Worldwide Developers Conference (WWDC) held in San Francisco last week. The big reveal is that Apple Pay will finally be available on the web, beginning this fall. Recurly is excited to announce that we will support Apple Pay on the web, and we are working with our contacts at Apple on the implementation details.Continue Reading
As noted in our previous blogs in this series (available here, here and here), choosing a payment gateway can be a daunting, but important, task. In this blog series, we’ve outlined many of the things a merchant should consider in assessing different payment gateways. A careful review of a gateway’s reliability, countries and currencies supported, fees and onboarding processes, and a variety of other factors will help a merchant determine which gateway will best serve their needs, both in the present and as their business grows and evolves.
In this final post in the series, we’ll cover three remaining, important topics: Reporting & reconciliation, Credit card portability, and Compliance.
Payment gateways provide the life-blood for subscription businesses—they’re a critical link in the chain that delivers revenue to their business. In choosing a payment gateway, there are many aspects that need to be considered, for example, global compliance capabilities, how they facilitate finance or fight fraud. Choosing the right payment gateway in the context of your business requirements and plans will help you foster growth and success.Continue Reading
Examples abound of businesses large and small moving to a subscription model. From airlines and law firms to business models like OTT and IoT, the subscription business is decidedly booming.
In addition to an agile, scalable, and reliable recurring billing solution, new subscription businesses also need a payment gateway to process their recurring payments. Choosing the right payment service provider (or PSP — this term includes both payment gateways and payment processors) can be a daunting task, and getting it wrong can mean more than just annoyance and frustration. It can also mean lost business and lost revenue if the PSP doesn’t provide the key features required for your business to succeed.Continue Reading
Losses from credit and debit card fraud are projected to take an increasingly bigger bite out of business, according to industry experts. Global losses from credit and debit card fraud are projected to reach over $35 billion by 2020, according to The Nilson Report. The report also found that losses due to fraud can account for more than 5% of revenue.Continue Reading