![]() ![]() It is awesome for customers because they can set it up quickly and it is highly reliable. Want to take advantage of ATI instead of having to contact a bank? Direct debits are a great option for merchants because it is easy and doesn’t come with the fee that is paid for credit cards. Source: Will the Next Threat to Consumer Privacy Target the WHOIS Protocol? 2. Whether it’s supporting net neutrality rules or reforming the Electronic Communications Privacy Act (ECPA), Internet companies should be passionately devoting themselves to making the web a safer, more welcoming place. Hari Ravichandran, Founder and CEO of Aura, puts it If you want your customers to trust you, make sure they know you follow all the required security protocols and keep their data private. Focus on SecurityĪs technology is controlling more of our lives, the privacy and security concerns are becoming more and more essential. Subscription payments are managed automatically by your payment processor. Here’s how to integrate PayPal with your shopping cart.Here’s how to integrate Stripe with your shopping cart.You can easily integrate subscription payments using PayKickstart: I would say that this is the single biggest trend in payment processing for SaaS businesses. What if they forget to update their credit card info after it expires? What if they close a certain account? You don’t want to make it a hassle. ![]() Most customers really appreciate this option because it stops from their service being disrupted, without them having to worry about always remembering the bill is coming due. So if one doesn’t work, you automatically use one, then the other until the payment is made. Why? Because you are more likely to run into trouble consistently collecting payment when you have a recurring charge.Ī simple way to limit having to chase down customers to pay their bill is to have secondary (or even tertiary) methods for making those payments. While having a good number of options for customers is always a good idea, I honestly believe it is most important when it comes to subscription services. Why Subscription Vs Flat Rate Matters In Payment Processing So let’s look at the ones that most impact SaaS companies, especially those that use subscriptions as their business model. Now that 2020 is coming to a close, we are seeing some emerging trends that will be highly relevant in the year to come and beyond. Payment processing is one area where more is, well, more. The reasoning behind this varied some people would say it was for the sake of easy checkout for the customer without being bogged down with choices, others claimed it was a security issue. For a while, the common advice was to keep payments simple and don’t offer too many options. I am seeing an increasing number of Software as a Service (SaaS) companies in particular starting to widen their payment methods. And this isn’t merely something that happens out on the convention floor these days. I was seeing Square, Paypal, Venmo, even Bitcoin all on the table. What changed this time was there were several more payment processing methods that could be used, giving ample opportunities to make purchases. I had gotten used to that system and usually carried cash with me, just in case a booth’s Square machine went out (it has happened more than once). It used to be that there were only a couple of ways to accept payments in booths: cash or Square. The last time I went to a convention I noticed something surprising. ![]()
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