Recurly Launches First Automatic Integration with Intuit Payment Solutions and QuickBooks Pro for Subscription Businesses

Recurly And Intuit Offer Merchants $100 American Express Gift Card, Or A Free Copy Of Quickbooks Pro ($199 Value), And No Fees For Two Months

San Francisco, CA – June, 14th, 2010—Recurly, the company that provides self-serve subscription billing management for small businesses, announced today that it is the first company to provide subscription billing management with automatic integration to Intuit’s merchant account and payment gateway service. This offering enables small businesses, who are interested in launching subscription-based businesses to assemble an end-to-end solution for subscription billing with payment gateway services, merchant account and automatic QuickBooks® integration in days rather than months.

Many businesses that are interested in launching subscription billing to their customers discover that managing subscription billing is a deceivingly costly and complex undertaking. Recurring billing is difficult due to the inevitable customer communications and workflows required to handle pro-rated customer upgrades, downgrades, and credit card declines and expirations. In addition, many new businesses find that obtaining a merchant account for their subscription business is a time-consuming and difficult undertaking. Companies typically spend months and dedicate several full-time engineering resources to launch subscription billing functionality.

Now within days, small businesses can set up a recurring billing system and start generating recurring subscription revenues. They can easily assemble an end-to-end solution for subscription billing with payment gateway services, merchant account and automatic QuickBooks®integration. And Intuit Payment Solutions provides extremely competitive rates so businesses can launch quickly without paying a premium for taking a simple approach.

"We’re excited to announce this integration with Intuit Payment Solutions because they greatly expedite our ability to get businesses up and running quickly with solid subscription billing" said Isaac Hall, CEO of Recurly. "Not only do qualified customers get quick approvals from Intuit, they also receive extremely competitive rates and the benefit of automatic integration with QuickBooks accounting software."

As part of the promotion through Recurly, Intuit Payment Solutions is offering businesses incentives to apply for their merchant account and payment gateway services. Approved merchants receive $100 American Express Gift Card, or a free copy of QuickBooks Pro ($199 Value), and no fees for two months.

(Details available at http://recurly.com/intuit-subscription-billing/)

About Recurly

Recurly is in the business of making subscription billing easy for businesses. Recurly requires no setup fees, no cancellation fees, seamless handling of customer upgrades, downgrades and all related communications to ensure that customers can focus on their core business rather than managing a complex billing system. Since it’s launch in January of 2010, Recurly has deployed subscription billing solutions for companies throughout North America and the E.U. Recurly can be found at http://recurly.com.