Process recurring payments easily and securely
Subscription-based business models are currently the fastest growing e-commerce models in Europe. Expectations are that this will only increase more over time and gain popularity. In subscription based services, it is all about building long-term customer relationships resulting in stable recurring income. So, no one-off sales.
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Subscription services exist in the several forms: product-as-a-service, service subscriptions, recurring products and digital products. This global Subscription Commerce Economy has a compound annual growth rate of 17.33% over the past five years.
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Buckaroo offers support in the financial process by offering the Smart Subscription Services solution. This solution allows for efficiently setting up subscription models while considering and optimizing a high-quality user experience for the subscriber.
Buckaroo Smart Subscription Services supports all subscription types. From simple subscriptions up to complex structures with possibilities for premiums or add-on's. Buckaroo handles the entire financial process, from registration to upgrade.
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Payments go through Buckaroo and can be viewed real-time at all times. The payment software matches incoming payments to the correct subscriptions. The subscriber has the possibility to pay with credit card, PayPal, iDEAL, Bancontact, Sofort or direct debit.
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What happens when the payment was not successful? This is directly visible. By using the credit management solution, subscribers can be reminded and an alternative payment request can be send.
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The current processes for subscription payment processing are often manual and time-consuming. The process of adding new subscribers or deleting existing subscribers can also be simplified and made more user-friendly.
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You can find all your subscriptions and matching bills in Buckaroo’s back-end system. By using different filters, you can easily make a selection. Modify the subscription. Check the payment status or subscription choice. You can also check the date of subscription, which payments have been made of whether there’s a delay in payment.
Specialists in the field of subscription services work at Buckaroo. Together we are happy to devise the payment strategy that suits your organization.
Our Subscription Services are closely related to our Credit Management solution. The solution allows you to be in control of your debtor management by collecting outstanding invoice in time. This helps you save time in administrative work and increases the collection rate. Indispensable for a healthy cash flow.Â
The ideal payment method differs per situation, product or service. Because of our wide range of payment methods and unique features, we at Buckaroo are always able to offer you an appropriate solution. Let the following cases inspire you.
Is this business model for everyone? Read more about it in our white paper.
Download the white paper and find inspiration with Dutch practical examples of new revenue models and payment strategies.