Recurring Billing, Subscriptions and Ad Hoc Payments:
The recurring payment service will allow our customers to create two methods of recurring payments;
Recurring Service Method 1:
One method being a traditional subscription model of a recurring charge on a given date,
Recurring Service Method 2:
The other a one-click ad hoc model where the future dates and amounts of payments may be unknown.
The buyer who chooses to enter into a subscription from the shopping cart will, after checkout, be redirected to the payment gateway where only the credit card payment option will be available.
After a successful first payment there is no need for the buyer to make any further manual payments for the subscription.
The recurring amount will be deducted from their credit card in accordance with the time period, billing date and number of payments (cycles) given.
Each successful payment will create an ITN to the shopping cart and will be able to manage the subscription via an API or from the payment gateway backend.
Ad Hoc Payments:
A buyer who agrees to enter into an ad hoc agreement from the shopping cart will, after checkout, be redirected to payment gateway where only the credit card payment option will be available.
After a successful first payment there is no need for the buyer to make any further manual payments.
For any future payments the website owner will only need to send a token value to the API to have the associated credit card of the buyer charged.
On each successful payment, an ITN will be sent to the website owner and they will be able to manage the subscription via the API or from their the payment gateway backend.
Why use Recurring Billing, Subscriptions:
When offering an eCommerce membership an website like a Directory listing website can offer a time period Subscription for example 12 months with ither a month to month payment or an annual subscription.
Recurring Billing could be setup and the customer would be charged indefinitely till they cancel the payment with the payment gateway.
Why use Ad Hoc Payments:
For instance when selling an ongoing service over a fixed time period, payment can be structured so that the buyer pay the service off in the number of payments (cycles).