A Recurring Payment Gateway is an important tool used by subscription based businesses to receive repeat payments from their customers at a agreed upon frequency and date. These recurring payments are usually done through credit cards or direct debits.

1. Recurring Payment Gateway
Increasingly more and more businesses are opting for subscription based business models as they
offer benefits for business and their customers alike. Customers get to benefit from flexible pay-as-
you-go payments that not only gives them an option to try the product or service but also is easy on
their pocket. On the other hand businesses benefit from improved cash flows and reduced customer
drop-outs.
Making this business model possible is a recurring payment gateway that processes regular
payments through credit cards or direct debits. Examples include - Amazon Payments (US),
Braintree (US), SagePay (UK), Flo2Cash (Australia), CCAvenue (India) to name a few.
Businesses like setting up a recurring payments processor because they provide a seamless
customer experience. A customer is not required to be reminded that his payment is due in coming
days. The payment receiving process is automated and therefore reduces considerable
administration time. Moreover the payments are received on time at a pre-set frequency, weekly,
fortnightly, monthly enabling a business to cover its operation expenditures.
When it comes to choosing a recurring payment gateway, one should consider finding answers to
the following questions:
1. Does the payment gateway support all the currencies that you deal in?
2. Is the gateway PCI-DSS compliant?
3. Does it offer both credit card and direct debit payment options?
4. Does it support your business model?
5. How long it takes for funds to transfer in to your account?
6. What is the fee structure, are their any hidden costs?
7. Do they offer 24/7 support?
8. What is the set-up time?
A typical recurring payment gateway will have three types of prices/fees. Inquire about them . They
are
1. Initial set up price
2. Price per month
3. Transaction Fee