Recurring & Subscription Payment Gateway
Say “Goodbye” to rejected transactions, declined payments, and unpredictable revenue.
Payway's recurring payment gateway takes the pain out of recurring and subscription payment processing, so you canconcentrate on what’s important: growing subscription revenue and building your customer base.The number one concern of any subscription company is churn.
Those businesses that can deliver consistent experiences and provide frictionless payment options will thrive and continue to grow. It’s also clear having the right payment partner is critical to successfully supporting subscription- and recurring revenue-based companies.
Payway listened and built its recurring payment gateway to be responsive to the needs of businesses operating with a recurring payment business model:
- Experience. Payway has over 35 years experience in subscriptions so they can provide the tools necessary to set-up recurring payments, such as scheduling.
- PCI-Validated P2PE. The best way to ensure your customer is protected with a gateway that is both certified and PCI-compliant.
- Account Updater. This is a must for any recurring payment business. It queries the banks regularly to ensure the card data is correct, cutting down on decline rates and reducing churn.
- Automated Level III Processing. Auto-detects and fills in information necessary for corporate and procurement cards to process at a lower interchange rate – oftentimes leading to significant savings.
- Multiple payment methods. Payway works with multiple payment methods, going beyond your typical charge and credit cards. Having options such as Apple Pay and Google Pay wallet opens the door to more customers. Direct Debit ACH scheduling should be another sought out feature – it allows merchants to get paid directly from a customer’s bank account, and they in turn pay less in processing fees.
A payment-scheduling tool you can count on
Payway makes scheduling credit card payments and donations a no brainer — for merchants, employees, and customers. Our team helps build the integrated forms you need, and organizes customer information for easy retrieval whenever you want it. Once payments are scheduled at the onset, you can move on to the next to-do item with confidence that Payway will handle scheduled payments like clockwork.
Automated account updating to reduce declined payments
Account numbers change, but that shouldn’t require manual labor. When you add Account Updater, you can be confident that recurring payments will happen as they should. Our software application automatically hunts down outdated credit card information for recurring credit card payments so you reduce declined payments and keep the cash flowing in, as it should.
Direct debit ACH scheduling saves everyone time
Customers and donors enjoy the convenience of automated payment scheduling through ACH debits, and merchants will appreciate next-day payments, helped by our secure tokenization method of communication between the banks involved.