Cheat Sheet: A Subscription Payment in Action

Understand the 7 steps a payment takes from the initial order to getting that money into your bank account

Whether you are a subscription startup or a long-time legacy business, payments are the biggest area of confusion for any business, but especially for the recurring revenue business. In our members-only cheat sheet, we’ll show you the mechanics of payments, explain key terms, and highlight the key players involved from the time your customer submits a payment to your business to when that money arrives in your company’s bank account. Understanding how payments work is a key foundation to selecting the right vendors for your business and knowing what questions to ask when talking with them.

Our cheat sheet includes:

Definitions
Step One: The Order
Step Two: Authorization Starts
Step Three: Payment Processing
Step Four: Payment Approved or Declined
Step Five: Payment Approval Communicated
Step Six: Fulfillment
Step Seven: Money in Your Bank Account

Download our exclusive cheat sheet now to better understand the flow of payments from customer to bank deposit.

Cheat-Sheet-PAYMENT-IN-ACTION-Sept-2022 Download

Filed in Payment Processing, Subscriber Only

Dana E. Neuts

Dana Neuts is Subscription Insider's Editorial Director, covering our daily subscription news as well as member features, case studies, premium content, and reports. Dana is also a writer, editor, marketer and communications professional. Her work has appeared in AARP Bulletin, The Seattle Times, Seattle Business, 425 Business, 425 Magazine, South Sound Magazine, Northwest Travel and more. Her specialties include business writing, community news, senior issues, travel and, of course, subscriptions!