On Demand Subscription

Introduction

An On-Demand Subscription is a flexible payment model where customers authorize merchants to store their payment details securely for future transactions. Unlike Regular Subscriptions, On-Demand Subscriptions do not follow a fixed schedule or amount. Instead, merchants can initiate charges as needed, based on customer usage or activity.

This model is ideal for businesses offering services with variable usage patterns, such as ride-sharing, cloud storage, or pay-as-you-go utilities. It provides customers with the flexibility to pay only for what they use, while businesses benefit from a seamless and secure payment collection process.

How On-Demand Subscriptions Work

1. Customer Authorization

• Customers provide a one-time authorization for merchants to securely store their payment details.
• The authorization allows merchants to initiate future charges without requiring customer approval each time.

2. Usage-Based Billing

• Merchants charge customers based on their activity, usage, or demand.
• There is no predefined billing frequency or fixed amount.

Steps to Implement On-Demand Subscriptions

1. Create an On-Demand Plan:

   • Define the basic plan details such as currency and description.
   • The plan type must be set to ONDEMAND.

2. Generate an On-Demand Subscription Link:

   • Use PortOne’s API or dashboard to create a subscription link.
   • Share the link with customers to obtain authorization for future deductions.

3. Initiate On-Demand Deductions:

   • Charge customers dynamically based on their usage or activity.
   • Use PortOne’s API to securely deduct the required amount from the stored payment method.

Why Choose PortOne for On-Demand Subscriptions?

PortOne provides a robust solution for managing On-Demand Subscriptions, offering features such as:

• Flexibility:

  • Tailored for businesses with variable usage patterns.
  • Allows merchants to charge customers at any time based on activity or demand.

• Ease of Setup:

  • Merchants can use PortOne’s dashboard or API to quickly configure On-Demand Subscriptions.

• Secure Storage:

  • Customer payment details are stored in a PCI-compliant environment, ensuring the highest security standards.

• Global Support:

  • Accept payments in multiple currencies and regions without additional setup.

Use Cases of On-Demand Subscriptions

1. Ride-Sharing Services:

   • Charge customers for rides after completion.
   • Example: Uber or Lyft.

2. Cloud Storage:

   • Bill customers based on storage usage or data retrieval.
   • Example: Dropbox or Google Drive.

3. Food Delivery:

   • Deduct charges for each order placed through the platform.
   • Example: DoorDash or Zomato.

4. Utilities:

   • Pay-as-you-go electricity, water, or internet services.

5. Hospitality:

   • Charge for room service, minibar usage, or other amenities during hotel stays.

Benefits of On-Demand Subscriptions

For Merchants:

• Dynamic Pricing: Adjust charges based on real-time customer usage.
• Operational Efficiency: Streamline payment collection and reduce administrative tasks.
• Scalability: Handle a large volume of transactions seamlessly.

For Customers:

• Pay-As-You-Go: Only pay for the services or products they consume.
• Secure Payments: Trust that their payment details are stored and processed safely.
• Hassle-Free: No need for repeated authorizations or manual payments.

Conclusion

On-Demand Subscriptions offer a flexible and convenient payment model for businesses and customers alike. By leveraging PortOne’s secure and customizable platform, businesses can efficiently manage dynamic billing scenarios, improve cash flow, and enhance customer satisfaction.

For more details, refer to:

• How to Create an On-Demand Plan
• On-Demand Subscription API Guide
• PortOne Support Center