Recurring Payments

Recurring Payments

MasterCard Payment Gateway Services supports a range of services designed to process your subscription and instalment payments by Bank Card and Direct Debit.

There is a range of "flavours" available to suit your requirements including: Fire and Forget, Capture Method, and Historic Transactions.

Fire and Forget


Set up a recurring payments schedule with one instruction and let MasterCard Payment Gateway Services manage all subsequent transactions on a recurring transactions merchant ID (Not needed for Direct Debits). Fire and Forget is suitable where instalments are of fixed amounts, although the first and last payment may vary, e.g. A home entertainment company could invoice a customer for a TV with payments spread over 36 months on a fixed payment plan.
 

Historic Transactions (Bank Card Only)


This allows you to send MasterCard Payment Gateway Services a recurring transaction set up request with the initial transaction made on a customer's card. MasterCard Payment Gateway Services then allocate a unique reference number to that card. This allows you to send through subsequent authorisation requests on a recurring transactions merchant ID using only this reference number. All card details are stored on MasterCard Payment Gateway Services's secure servers relieving your security liability. The amount and frequency of each instalment can vary, e.g. A mobile phone company could invoice a customer each month for call charges incurred in the previous month.
 

Capture Method (Bank Card Only)


This allows you to send MasterCard Payment Gateway Services a recurring transaction set up request with the initial transaction made on a customer's card. Subsequent authorisation requests can then be sent through on a recurring transactions merchant ID, allowing you to instigate each payment on that card. The amount and frequency of each instalment can vary, e.g. A music downloads company could invoice a customer as and when they purchase music regardless of the amount and without having to take the customer's card details each time.
 

Key Features:


 

  • Supports subscription and instalment payments by credit and debit card (Fire and Forget also supports Direct Debit payments).
  • Supports flexible payment schedules (e.g. daily, weekly, monthly, quarterly, annually).
  • Works in collaboration with MasterCard Payment Gateway Services fraud prevention solutions (Dependant on "flavour").
  • Real-time MIS Reporting.
     

Key Benefits:


 

  • Capture and retain more subscriptions annually.
  • Easily create fixed payment schedules with one instruction using Fire and Forget.
  • Process variable instalment amounts with Capture Method or Historic Transactions.
  • Eliminate your security liability by storing all card details on MasterCard Payment Gateway Services servers with Fire and Forget and Historic Transactions.