Payway
Payment processing built specifically for recurring and subscription-based businesses. Payway is a proven payment service provider helping card-not-present businesses simplify and accelerate transaction processing leading to improved cash flow and significantly lowering the costs associated with accepting online payments.
For over 35 years we’ve helped publications and recurring revenue businesses process payments. We understood the subscription economy long before it was a hashtag – and continue to foresee the changes and evolution in this space. It’s why we ensure all our customers –newspapers, digital media, online education platforms, manufacturers, and retailers – can provide frictionless payments to their customers. They enjoy the benefits of lower decline rates thanks to our Account Updater, realize more in Level III savings, are PCI-complaint and protected from fraud, and have the latest in digital wallets.
Our customers trust us – our solution, our integrity, our industry knowledge. After all, the less time they spend thinking about payments, the more time they can spend on their business.
Business Types Served:
- Associations, Business Media and Publishing, Business Services, Clubs, Consumer Media and Publishing, Consumer Services, Data and IoT, Direct-to-Consumer, Entertainment and Streaming, Learning and Training, Magazines, Memberships, Newsletters, SaaS and Cloud Services, Subscription Apps, Subscription Boxes, Subscription Gaming
Stage Solution is Designed For:
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FlexPay is the leading failed payment recovery platform for subscription and recurring payment businesses. FlexPay’s innovative platform uses multiple technologies to achieve the highest failed payment recovery rate, resulting in reduced involuntary churn and faster revenue and profit growth.
The platform has two complementary components: Invisible RecoveryTM and Engaged RecoveryTM.
- Invisible Recovery works directly with the payments system to recover most failed payments quickly without the customer ever knowing their payment was declined. There is no interruption in product or service delivery and the customer relationship continues as normal.
- Engaged Recovery is used when customer help is needed to solve the failed payment, such as when a card has expired or has been lost or stolen. Engaged Recovery uses aspects of behavioral science to create branded outreach communications that motivate customers to promptly resolve the problem and keep their subscription active.
Multiple integration options, including API and access to 40+ CRMs, means quick set-up, no disruptions to billing, and instant recovery improvements compared to traditional in-house recovery methods.
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