What is a recurring payment gateway? Acting as payment processors, gateways allow companies to take debit cards and credit card payments online. When using a payment gateway, both customers, merchants, and their banks must work together to ensure secure transactions. When establishing a payment gateway, you make it possible for...
The recurring revenue model has taken the business world by storm. According to Forbes, more than 90% of technology organizations are in the process of moving to a recurring revenue model—or have plans to do so. However, only 55% consider themselves ready for the shift, which is likely far...
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Welcome back to Subscriptions Weekly! In this edition, we review Apple’s iPad Final Cut Pro and Logic Pro launch and the Twitter Blue, Disney+, and Warner Bros Discovery earning reports from last quarter. Additionally, we dive deeper into the retention struggle that the food and subscription industry beverage industry suffers. ...
According to Checkout.com, 56% of consumers would be “permanently put off shopping on a site” if they couldn’t use their preferred payment method. Without a doubt, payments play a large role in conversions of new subscriptions and renewals alike. The payment methods and currencies available at checkout help consumers...
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Welcome back to Subscriptions Weekly–your one-stop newsletter for industry news! This one is all about the future of payments and how they can become a growth strategy for subscription businesses. We also review Mastercard’s plans to incorporate generative AI, TIME’s removal of its paywall, Finix’s launch as a payment processor,...
Subscription revenue recognition continues to bring new challenges for businesses. The consumer demand for diverse monetization and pricing models creates a greater need for accounting automation to comply with complex revenue recognition standards, like ASC-606 or IFRS-15. While many companies set out to develop a revenue recognition solution, this extensive...
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A new Subscriptions Weekly issue is here! This one is all about the importance of payments and personalization in customer retention strategies and how brands can increase their offered value to ensure growth in challenging economic times. Understanding the importance of subscriptions for modern retailing Personalization, convenience, and cost-effectiveness have...
Now more than ever, consumers crave experiences and products that are catered to their preferences. They want to be able to customize everything from the product or service to payment methods to the frequency at which they receive their goods. In the subscription industry, there are innumerable opportunities to allow...
With a portion of our customers’ subscriptions initiated on their websites and the rest in the Apple App Store or Google Play, they only have half the picture of business performance. At Recurly, we understand how critical subscription analytics are, so we set out to solve this problem. Introducing app...
The subscription-based business model continues to rise in popularity, helping companies to find new revenue streams and cultivate long-term customer relationships. While economic pressures usually drive purchase decisions and customer behaviors, the demand for recurring products and services proves that subscriptions are the future of consumerism. In fact, the subscription...
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