What are Recurring Payments
Recurring payments are automatic transactions that repeat at regular intervals, typically on a monthly or annual basis. This system is widely used for subscription services such as streaming platforms, gym memberships, and utility bills. The main advantage of recurring payments is convenience, both for businesses and consumers. For businesses, it ensures a steady revenue stream and reduces the risk of late or missed payments. For consumers, it eliminates the need to remember payment due dates, thereby avoiding late fees.
Recurring payments can be set up through various methods, including credit cards, direct debits from bank accounts, or third-party payment processors like PayPal. Businesses must ensure that they have the appropriate permissions to debit a customer’s account regularly and securely store payment information to comply with regulations such as the Payment Card Industry Data Security Standard (PCI DSS).
One of the critical aspects of managing recurring payments is handling payment failures. This can occur due to expired credit cards, insufficient funds, or technical issues. Businesses often employ dunning processes to handle these scenarios, which involve retrying the payment after a certain period and notifying the customer to update their payment information.
The rise of subscription-based business models has increased the importance of recurring payments. Companies benefit from predictable revenue and improved customer retention rates, as customers are more likely to continue using a service they are automatically paying for. However, it is also essential for businesses to offer easy cancellation options to comply with consumer protection laws and maintain customer satisfaction.
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Absorption Pricing
Accounts Receivable
ACH
Advance Billing
AI Agent Pricing
AI Model Pricing
AI Token Pricing
AISP
ARR
ASC 606
Automated Investment Services
Automated Invoicing
Basing Point Pricing
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Billing Engine
Captive Product
Channel Incentives
Channel Pricing
Choke Price
Churn
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Consolidated Billing
Consumption Based Pricing
Contribution Margin-Based Pricing
Conversation Based Pricing
Cost Plus Pricing
Cost-Based Pricing
CPQ
Customer Based Pricing
Customer Profitability
Deal Management
Deal Pricing Guidance
Deal Pricing Optimization
Decoy Pricing
Deferrred Revenue
Digital Banking
Discount Management
Dual Pricing
Dunning
Dynamic Pricing
Dynamic Pricing Optimization
E-invoicing
E-Money
EBIDTA
Embedded Finance
Enterprise Resource Planning (ERP)
Entitlements
ERP
Feature-Based Pricing
Finance AI
Fintech
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Freemium Model
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Hedonic Pricing
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Idempotency
IFRS 15
Insurtech
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Invoice
Invoice Compliance
KYC
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Lifecycle Pricing
Loss Leader Pricing
Margin Leakage
Margin Management
Margin Pricing
Marginal Cost Pricing
Market Based Pricing
Metering
Micropayments
Minimum Commit
Minimum Invoice
MRR
Multi-currency Billing
Multi-entity Billing
Neobank
Net Dollar Retention
Odd-Even Pricing
Omnichannel Pricing
Open Banking
Outcome Based Pricing
Overage Charges
Pay What You Want Pricing
Payment Gateway
Payment Processing
Peer-to-peer Lending
Penetration Pricing
PISP
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Price Benchmarking
Price Configuration
Price Elasticity
Price Estimation
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Pricing Engine
Pricing Software
Product Pricing App
Proration
PSD2
PSP
Quotation System
Quote Request
Quote-to-Cash
Quoting
Ramp Up Periods
Real-Time Billing
Recurring Payments
Region Based Pricing
RegTech
Revenue Analytics
Revenue Backlog
Revenue Forecasting
Revenue Leakage
Revenue Optimization
Revenue Recognition
SaaS Billing
Sales Enablement
Sales Optimization
Sales Prediction Analysis
SCA
Seat-based Pricing
Self Billing
Smart Metering
Stairstep Pricing
Sticky Stairstep Pricing
Subscription Management
Supply Chain Billing
Tiered Pricing
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Time Based Pricing
Top Tiered Pricing
Total Contract Value
Transaction Monitoring
Usage Metering
Usage-based Pricing
Value Based Pricing
Volume Commitments
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WealthTech
White-label Banking
Yield Optimization
Why Solvimon
Helping businesses reach the next level
The Solvimon platform is extremely flexible allowing us to bill the most tailored enterprise deals automatically.
Ciaran O'Kane
Head of Finance
Solvimon is not only building the most flexible billing platform in the space but also a truly global platform.
Juan Pablo Ortega
CEO
I was skeptical if there was any solution out there that could relieve the team from an eternity of manual billing. Solvimon impressed me with their flexibility and user-friendliness.
János Mátyásfalvi
CFO
Working with Solvimon is a different experience than working with other vendors. Not only because of the product they offer, but also because of their very senior team that knows what they are talking about.
Steven Burgemeister
Product Lead, Billing