Recurring Payments
Let returning customers pay automatically
Ideal for:
- Subscription-based services
- Businesses with monthly or annual memberships
- Businesses with regular invoicing cycles
- Car sharing, bike rental and parking businesses
- Charities and recurring donations
Increase customer retention with recurring payments
96%
recurring payment success rate
~20%
average increase in conversion
97%
initial charge success rate
Billing and Recurring Payments
With automated payments customers will never miss a bill
How it works
- Users signs up for a membership online
- User selects to pay with Vipps or MobilePay
- User agrees to set up a payment agreement
- User details are automatically filled out with Vipps or MobilePay
- Merchant triggers payments
- Payments are automatically executed on their due date
Get the easiest way to have returning customers pay on time
Skip the manual payments
One of the reasons customers don’t pay on time is they forget or find it annoying to type in an account number. With Recurring Payments, there’s no need for any of that!
Pay variable amounts
If the amount that you charge customers fluctuates from month to month, you can easily use Recurring Payments to automatically get these paid as well.
Increase sign-ups
We help your customers pre-fill any necessary onboarding forms by retrieving their details via Vipps or MobilePay to help you sell more and faster
Visible campaigns
You can easily showcase all of your on-going campaigns to customers in order to increase the likelihood that you’ll make a sale.
No cards required
Avoid typos and declined payments due to long and wrong card numbers. Recurring Payments is the quickest way for businesses to get paid.
Nudges and notifications
We send reminders in the app that encourages customers to top up card funds, update expired card, change their payment method and many other actions.
0 – 1,000,000 EUR
2.49%
+ 0.20€
per transaction
1,000,000 – 10,000,000 EUR
1.99%
+ 0.20€
per transaction
BENEFITS
- Set up payment agreements
- Automated bill payments
- Standard or variable amounts
- Increase retention