E-commerce businesses face different customer behavior patterns and may need to adopt their product features. As a result, most e-commerce business owners agree that it makes better sense to adopt a subscription and recurring payments offering rather than a one-time billing. Recurring payments makes the most sense to digital commerce businesses because of its benefits to both customers and the business.
At Alternative Payments, we strive to provide our clients and partners the most innovative solutions when it comes to eCommerce. We started off 2017 with new and improved features to enable further growth of e-commerce businesses and profit from the cross-border boom. We are excited to announce that we have released another innovative eCommerce solution – the Plans & Subscription feature!
Within minutes of sign up, merchants have access to flexible subscription solutions.
Why You Should Use Recurring Billing
Subscriptions allow merchants to offer products and services in which customers receive ongoing value. Recurring billing allows you to adopt a more flexible and regularly scheduled customer payments with several significant features:
- Lower initial price
- Trial period
- Different rebilling frequency options
Recurring billing provides you steady revenue stream, without any additional fees or monthly fees for using recurring billing. Customers consider subscription billing to be more suitable for them because they can choose the plan which fits their need. Alternative Payments’ Subscription feature is powered with detailed reporting and all the information gathered throughout the recurring process is summarized in our Reports feature.
Creating a Plan in the Merchant Portal
- Log in to your Merchant Portal
- Select ‘Plans’ from the ‘Subscription’ menu
- Click Create ‘Plan’
- Choose your ‘Website’
- Give a plan a ‘Name’
- Choose period: ‘Day’, ‘Week’, ‘Month’, ‘Year’
- Set ‘Interval’
- Set ‘Currency’ and ‘Amount’
- Set ‘Trial Period’ if Available
- Set ‘Description’ & ‘Billing Cycles’
- Click ‘Create Plan’ and you are finished!
For more information please check our API documentation.
We hope you’ll find our new features useful!