Recurring & Subscription
Recurring transactions can be viewed as multiple transactions processed at predetermined intervals, representing an agreement between your customer and yourself to purchase goods or services provided over a period of time.
- The consumer establishes a relationship with your company to receive ongoing services or goods until the contractual arrangement is cancelled.
- The consumer gives you permission to debit his/her account on a recurring basis.
- Transaction amount may be a fixed amount or may vary with each billing.
- Future payments occurring on a regular cycle are not to exceed twelve months.
The GlobalCollect platform supports recurring transactions on various payment methods, including:
- Credit Cards
- Direct Debits
- eWallets (limited to PayPal)
For Credit Cards recurring transactions are part of the Card on File framework. If you want to learn more about how to make use of these functionalities please refer to the Card On File section.
If you process recurring transactions on a direct debit you must ensure that the mandate explicitly states that approval will be granted to debit the bank account on a recurring basis. For more information please refer to the Direct Debit section.
eWallets - PayPal
In order to process recurring PayPal transactions you need to be set-up for PayPal Reference Transactions. Reference Transactions allow you to collect recurring payments through PayPal for varying amounts of money on a varying schedule. The buyer can sign up for recurring payments as part of the Express Checkout flow. When you implement recurring payments using Reference Transactions, you control the amount of the transaction and when the transaction is initiated.
For more information please refer to the PayPal section.