Home Recurring Payments And Subscriptions
What happens if a customer updates their payment method mid-subscription?
0 Out of 1 Found HelpfulIf a customer updates their payment method during an active subscription, the new payment details will be used for the next billing cycle. The system automatically applies the updated payment information without interrupting the subscription service. Customers can update their credit card or bank details through their account portal or by cont...
Read MoreWhat is the fees associated with using the Recurring Payments feature?
0 Out of 1 Found HelpfulSimilar to other payment types on RapidCents, standard transaction fees apply to recurring payments. For example, credit card transactions may incur a fee of 2.9% + $0.30 per transaction. There are no additional fees specific to setting up or using the recurring payments feature, making it a cost-effective option for businesses with subscripti...
Read MoreCan I issue refunds for recurring payments?
1 Out of 1 Found HelpfulYes, RapidCents allows you to issue full or partial refunds for recurring payments if needed. To do this:Locate the Transaction: Navigate to the subscription’s transaction history in the dashboard.Select the Refund Option: Choose whether to issue a full or partial refund for the payment in question.Process the Refund: Confirm the refund amount...
Read MoreWhat payment methods can customers use for Recurring Payments?
0 Out of 1 Found HelpfulCustomers can pay for recurring billing using:Credit Cards: Major credit cards such as Visa, Mastercard, and American Express.Debit Cards
How do I set up a Recurring Payment plan?
0 Out of 1 Found HelpfulLog in to Your RapidCents Account with your credentials to access the dashboard.Find the “Recurring Payments” section on menu bar.Choose the customer for whom the plan will be set up, specify the billing amount, start date and select the billing sequence(weekly, monthly, quarterly, or custom intervals).Enable Installment if its installment typ...
Read MoreWhat is the Recurring Payments & Subscriptions feature in RapidCents?
0 Out of 1 Found HelpfulThe Recurring Payments & Subscriptions feature in RapidCents allows businesses to automate billing for customers on a set schedule, such as weekly, monthly, or annually. This feature is designed to offer subscription-based services or recurring product shipments, ensuring timely payments without the need for manual invoicing each time.
Read MoreCan I charge customers different amounts on each recurring billing?
0 Out of 1 Found HelpfulYou can record and bill for a customer's usage at the end of a subscription period. This type of billing is advantageous for services that require granular payments based on their customers' consumption of the service during the billing cycle. For instance, if running an email SaaS business, you can track API calls and generate a bill for the ...
Read MoreDo you need to send invoices to your customers on a one-time or recurring basis?
0 Out of 1 Found HelpfulEffortlessly send one-time or recurring invoices to your customers using RapidCents Billing & Invoicing. Enjoy the convenience of a variety of payment methods, including credit card, ACH, and wire. Streamline your invoicing and get paid quickly and securely.
What is the tax and application fee impact on Monthly Recurring Revenue in Billing?
1 Out of 1 Found HelpfulBilling does not include taxes or application fees in Monthly Recurring Revenue, as these are not considered to be revenue.
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