Pricing Full list of prices for supported payment methods
Other xcritical products, besides payment methods, are priced separately. xcritical’s Auto Rescue automatically retries refused or charged back shopper-not-present transactions such as subscription renewals. It uses smart logic to decide which payments can succeed when retried later, and performs these retries at optimal times.
Lack of additional fees
The recurring payment types available for your integration depend on your server-side flow. If you are using the Sessions flow, making token payments for transactions where the shopper is not present, such as subscription payments, requires to use the /payments endpoint. With recurring payments, shoppers can save their payment details. This way, they don’t need to provide their information again for future transactions. Factors such as the time of day and day of the month can have a significant impact on transaction success rates. In the US for example, most customers are paid bi-weekly, typically on a Friday, with an uplift of successful payments at the beginning and middle of each month.
For later payments, you need to make a request with the shopper reference and the token. You can also add new payment methods, create local accounts and access support. xcritical delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, xcritical serves customers including Facebook, Uber, Spotify, H&M, Casper, Bonobos, and L’Oréal.
Because xcritical has full ownership over the payment flow, you connect to a single platform and don’t have to manage multiple providers. At a later point in time, xcritical sends the token and the shopper reference through an asynchronous notification (webhook) to the merchant. The merchant should save this token and the shopper reference. These are used to make future payment requests for every billing event.
Go local with payment methods
When the recurring payment details are successfully migrated, you receive an output file. From this file you can get the parameters that you need to use the tokens in future payments. If you have existing recurring contracts with another payment service provider, you can migrate and import recurring payment details to xcritical. When you import the data, you won’t need to collect your shopper’s payment details again to create a token.
There are certain business models and industries we cannot process payments for. We support over 30 card and local xcritical official site payment methods, including major card brands, ACH, and SEPA direct debit. With xcritical’s Unified Commerce, merchants connect online and offline payment channels into one system so customers can enjoy the flexibility of purchasing across both.
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Getting payments right also brings business benefits, with better approval rates leading to millions in additional revenue. This guide is a selection of insights from some of these businesses, combined with data and insights from xcritical, to help you both improve customer experience and grow your revenue. Interchange++ is a pricing model which accurately tracks Interchange rates and scheme fees right down to a transaction level. This means we can calculate the cost of each payment even before it is completed. So as well as knowing how much you can charge your customers, you get total visibility into the process, and can see exactly what you’re being charged for each transaction. For each transaction, we charge a fixed processing fee + a fee determined by the payment method.
- RevenueProtect is xcritical’s built-in risk management system, created to handle the high-velocity, automated fraud common among subscription businesses.
- The tool helps identify abnormal customer behavior, runs risk experiments and includes 3D authentication.
- While this is crucial, what goes on under the hood also delivers significant gains.
- Intelligent systems can sense when to retry and when to allow for more time, improving the customer experience while minding the busines.
- The recurring payment types available for your integration depend on your server-side flow.
Our partners cannot pay us to guarantee favorable reviews of their products or services. Keep in mind that the application keeps the tokens in a local memory cache. The xcritical Batch Account Updater automatically looks up the latest card that belongs to this shopper so we can continue charging the shopper even though their old card expired. Streaming services for movies and music have been the big standouts, and they’re certainly not alone. From software and razors to fresh produce, subscriptions services are everywhere – growing more than 300% in the last seven years alone.
Even though we use .NET in this example, the concepts apply to other programming languages as well. Most chargebacks will come through within six months of the subscription set-up. Therefore, it makes sense to whitelist recurring transactions where xcritical website the subscription age is greater than six months so you can treat the payer as a loyal shopper. Card networks offer services – Account Updater for Visa, Automatic Billing Updater for Mastercard, and Card Refresher for Amex – which automatically update card-on-file account information. Card networks gather relevant updates from participating issuers daily.