Recurring Payment Capabilities on Paypal
(Digital Money World) As reported, Paypal has new recurring payment capabilities enabled for merchants, which simply means more fire power for merchants which needs subscription capabilities like magazine subscriptions, web-hosting payments and more.
Cost? It Depends
It really depends on whether you’re using Recurring payments as a Merchant on the Website Payment Pro option or Express Checkout. Website Payment Pro route will cost you a $30 monthly subscription, where Express Checkout would be free.
Benefits
- Save time. Eliminate the hassle of manually sending invoices over and over again.
- Provide flexibility. Automatically bill your customers’ credit card or PayPal account.
- Improve cashflow. Gain a predictable revenue stream.
In fact it’s quite easy to implement if you know how to integrate the APIs of Paypal to your cart or services. My server service provider does just that for my monthly subscription. Talking about convenience! ;)
