Customer uses smartphone to make a contactless payment at a merchant

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.

Up Next

Register Now For Email Subscription News Updates!

Search this site

You May Be Interested in:

Log In

Join Subscription Insider!

Get unlimited access to info, strategy, how-to content, trends, training webinars, and 10 years of archives on growing a profitable subscription business. We cover the unique aspects of running a subscription business including compliance, payments, marketing, retention, market strategy and even choosing the right tech.

Already a Subscription Insider member? 

Access these premium-exclusive features

(Normally $57)

Perfect To Try A Membership!
$ 35

(Normally $395)

$16.25 Per Month, Paid Annually
$ 195

(10 Members)

Normally Five Members
$ 997

Interested in a team license? For up to 5 team members, order here.
Need more seats? Please contact us here.