Payment Processing
When it comes to setting up how your recurring revenue will be managed, the payment processing and billing management vendors you utilize, your internal payment operations, and your subscriber billing management, there is no ONE right set up or process. Some vendors support one part of the payment process while others support many. The right setup is what works for you and your business, and at the stage of business you are at (or are about to grow into). So, it’s imperative you understand the process, what your subscription business needs, and know the right questions to ask when selecting your payment partners. And, it’s even more imperative to stay current with best practices for managing your recurring payments for your business.
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American Express and Extend have announced a partnership to enable virtual payments for AmEx business card members.
Razorbacks launch subscription streaming network, JPMorgan buys majority stake in VW payments, Texas passes bill prohibiting social media censorship.
Payment solutions provider Square is expanding its payment options to include Invoices Plus, a paid subscription offering.
Amazon and Affirm announced they are partnering to offer buy-now-pay-later payment options to select shoppers on purchases over $50.
Spotify partners with WWE on podcasts, GoCardless and Piano team up to help subscription cos., Verizon offers free AMC+ subscriptions to customers.
Fair abandons the car subscription model, OnlyFans reverses courses to allow sexually explicit content, and Substack partners with OpenNote to accept Bitcoin.
Tumblr faces backlash from new subscription service, Substack acquires “Letter,” and PayPal announces super app.
Learn the dos and don’ts of dunning, benchmarks, with three case studies to understand how dunning can impact your subscriber retention in this on-demand webinar.
American Express raises annual fee for Platinum card from $550 to $695, but includes new membership rewards and perks.
Parler returns to the App Store, Twitch drops subscription prices, and Uber and Lyft will provide free rides to COVID-19 vaccine sites in a deal