Regular Subscription

Introduction

A Regular Subscription is a recurring payment model where customers are charged automatically at predefined intervals for products or services. This payment method is ideal for subscriptions with predictable billing structures, such as memberships, streaming services, or recurring deliveries.

The Regular Subscription process involves creating plans, defining the billing cycle, and managing recurring payments securely through PortOne's system.

Key Features

How Regular Subscriptions Work

1. Customer Enrollment

• Customers subscribe to a plan with a predefined billing cycle (e.g., weekly, monthly, yearly).
• Payment details are securely stored for automated recurring deductions.

2. Recurring Billing

• Charges are processed automatically based on the chosen billing frequency.
• Customers receive notifications for successful payments and upcoming renewals.

Steps to Set Up a Regular Subscription

1. Create a Regular Plan

   • Before initiating a subscription, a Regular Plan must be created.

   • Refer to the Regular Plan Documentation for detailed instructions.

2. Generate the Subscription Link

   • Use the subscription API to generate a link for customers to subscribe to the plan.

   • Refer to the Regular Subscription API Documentation for step-by-step guidance.

Benefits of Regular Subscriptions

For Merchants:

• Predictable Revenue: Steady income from recurring payments.
• Improved Customer Retention: Automatically subscription deduction reduces the churn rates.
• Scalability: Manage thousands of subscriptions with minimal operational overhead.

For Customers:

• Convenience: No need for manual payments; deductions are automated.
• Flexibility: Cancel or modify subscriptions easily.
• Security: Payment details are handled in a PCI-compliant manner.

Example Use Cases

1. Streaming Services: Monthly or yearly subscriptions for movies, music, or games.
2. Memberships: Gym memberships or club access with recurring fees.
3. Educational Platforms: Online course subscriptions with periodic billing.
4. E-Commerce: Recurring deliveries of essentials like groceries or meal kits.