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.

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