Recurring Crypto Payments

Making recurring crypto payments is an option that every merchant wants to utilize for their business prosperity. Still, many crypto-eutisiasts don't even know about such a useful function, which significantly simplifies many business processes.

In this article, we’ll explain the whole term of recurring payments, what the features are, and how to implement them for merchants and customers.

What Are Recurring Payments?

Recurring payments, also called subscription or auto payments, are repeated payments according to a specified schedule and are automatically debited from the client’s bank card after their consent.

Simply put, they’re certain types of payments made by customers to a merchant on a prearranged schedule when the first one gives permission to do that. Therefore, that makes them an ideal choice for those who have a subscription-based system.

Such recurring Bitcoin payments are an indispensable financial option and are incredibly helpful for regular business operations with cryptocurrency. They provide merchants with increasing profitability and a safety net against unexpected crypto market changes, letting users forecast their future profits more accurately. Additionally, the integration of recurring payments greatly increases the customers’ loyalty since they just need to enter their payment details once and then don’t need to remember making any more payments on time.

Despite this feature, it also has to be mentioned that there are a wide variety of services for merchants and their customers as well. For example, on Cryptomus, you may find lots of reliable crypto services for a user of any level and utilize them as you prefer.

What Are The Features Of Recurring Payments?

Recurring payments combine particular features that directly affect finances and have an indirect influence on various other aspects that play a crucial role in business development. What features may recurring payments provide you with? Let’s explore the most essential points.

• Automation of a payment process assists you not to worry about occurring operations. So, when you allow clients to pay through recurring payments, you can be sure that all payments will be collected automatically and on time.

• Ease of use makes recurring crypto payments the best choice both for merchants and customers due to the increased convenience and higher speed forces.

• Subscriptions are the most popular applications for which recurrent payments are used. They provide you as a merchant with a convenient and smooth payment acceptance as well as provide your customers with a less time-consuming and transparent payment process for their services or products.

If you want to accept cryptocurrency via recurring payments, it will be impossible to do so without having a crypto wallet. You can get the best crypto wallet for business on Cryptomus and integrate recurring payments into your website in a few clicks. Read further to learn how to do it correctly!

How To Implement Recurring Payments In Your Business?

To get all the potential of the recurring payments and integrate them efficiently using the Cryptomus payment platform, you need to take the following simple actions:

• Sign up for an account if you don’t have one yet;

• Choose a business wallet and create your merchant name;

• Create an invoice that specifies the amount, cryptocurrency, and frequency of payments;

• Share this invoice with your customers and get your recurring crypto payments.

The customer only has to enter their payment information once. Then, the recurring payment is deducted automatically at the designated times until the agreed-upon end date. So, now you may accept subscription-based payments with peace of mind!

While working with cryptocurrency on any platform, don’t forget about providing strong protection to your crypto wallet account. Set up a complex password and PIN code, and enable 2FA to keep your digital assets safe.

How To Make Recurring Payments?

From the buyer’s side, everything may seem complicated, but, actually, there is nothing difficult about this payment process. To activate subscription-based payments for yourself, you just need to:

• Choose products or services to buy. Pay much attention to whether the seller or store accepts crypto as a payment method;

• Get a payment invoice. When the seller provides you with a generated invoice, where you, as a customer, may see the necessary amount, frequency of payments, and other details;

• Next, you will be redirected to the Cryptomus platform, where you need to sign up or log in to confirm the payment and, naturally, make the first one;

• When you’ve made a payment using the invoice, further crypto payments will be made automatically according to the plan.

That’s all you need to know about Bitcoin recurring payments, so now you're able to implement them in your business efficiently and also make them successfully as a customer.

We hope this article was handy! Make recurring payments and save your time together with Cryptomus!