Setting up recurring payments allows your business to collect payments automatically on a schedule, reducing admin, improving cash flow, and creating predictable revenue.
The exact setup depends on the payment method you choose, but the core process follows the same structure.
Before setting anything up, you need to decide how you want to collect payments.
The three most common options are:
Your choice depends on:
Recurring payments always require permission.
This typically involves:
Clear authorisation protects:
You’ll need to define:
This structure should match your business model:
Recurring payments are managed through a payment system.
This allows you to:
A good platform will:
If you’re handling card payments, security is critical.
This includes:
For bank-based methods like Direct Debit or Open Banking, sensitive card data is not stored, which can reduce compliance complexity.
Once live, your system should:
Ongoing monitoring helps you:
Even automated systems need backup processes.
You should have a plan for:
Reducing friction here improves retention and revenue recovery.
When setting up recurring payments, businesses often:
Keeping things simple and secure leads to better results.
Most businesses benefit from offering more than one option.
SOTpay allows businesses to:
This flexibility means you can match payment methods to customer preference without increasing complexity.
Recurring payments remove friction from the payment process and give your business more control over revenue. With the right setup, you can reduce admin, improve cash flow, and create a smoother experience for your customers.
Get a no-obligation demonstration by our team of payment experts, to understand better how recurring payments can benefit your business, and how SOTpay can make it easier.
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