We’re excited to share the latest innovations at Recurly to help merchants get ahead of what’s next, including updates to Revenue Recognition, a new checkout experience, and more. Let’s go!

New Recurly Checkout

Today we are announcing new levels of customization and versatility for merchants using Recurly’s Checkout experience. Recurly Checkout is the new standard for fast and frictionless checkout, allowing you to easily create and launch a highly customizable and secure subscription payment experience.

Consumers expect a personalized and consistent brand experience. The dynamic and customizable features in Recurly checkout give merchants multiple flexible options to create a branded and secure checkout flow for their customers.

How you might use it:

  • New versatile carts simplify and personalize how your customers shop. Your customers can seamlessly combine multiple subscriptions and one-time transactions in a single checkout process.  

  • Recurly Checkout is also designed with global reach in mind. Supported are a wide array of payment options to meet your customers' global needs. The variety of payment options supported make purchasing convenient for your subscribers and helps you tap into a broader market, boosting your recurring revenue potential.

Learn more about the new Recurly Checkout. 

Standalone Revenue Recognition 

Earlier this week we announced Recurly’s enterprise-grade Revenue Recognition solution is now available to all finance teams, whether they manage subscriptions with us or not.

With a revenue recognition engine built for brands with high-transaction volumes and complex revenue models, Recurly can help streamline financial close while simplifying revenue reporting and forecasting processes. Ready to save time and ditch the spread sheets? Click here to learn more.

Announcing Recurly Compass

Just last month, we revealed the future of subscriptions with Recurly Compass. Brands will have access to new insights and dashboards and pave the path for the next generation of subscriptions. Using intelligent insights, personalized metrics, and AI powered recommendations, merchants will have the data they need to confidently build for the future and become leaders in their industries. Read more about Recruly Compass.

Proration flexibility

New proration flexibility allows merchants to customize how to address immediate changes in a subscriber’s plan, be that a charge or credit, prorated or in-full, or no change at all.

How you might use it:

  • When upgrading a customer’s subscription to a new plan mid-billing cycle, choose to issue them no credit for their original plan and only charge them a prorated amount for their new plan based on how much time is left in their current billing period. You can set site-level proration behavior settings in the Recurly Admin UI, or override the site-level settings during an immediate subscription change via UI or either API version. Learn more.

Customize how you handle tax situations

We’ve recently released multiple new features giving merchants more control and customization for how they handle tax situations within their businesses. 

  • Tax Code Control: Merchants can enter specific tax codes for a given product or service as required by business guidelines. Learn more.

  • Taxable Address: Control which taxable addresses from each invoice to send your tax service based on your business entity's configurations. This empowers you to determine whether to charge customers tax based off of your merchant entity tax address, or your customer's location. Learn more. 

  • Multi-entity Tax Filing: Merchants on Elite plans can create mappings between their Recurly Business Entities and Vertex Company and Divisions to enable entity-specific invoice filing within their Vertex instance. Learn more. 

Other updates:

  • Open Amount Line: Now you can apply specific refund amounts to individual line items on an invoice, such as percentages by line item. Learn more about Recurly's flexible refund options here.

  • Kount Auth-only Transactions: Great news for our merchants who use our fraud partner Kount’s “Auth” and “Capture” service - you can now scrub for fraud on authorizations instead of only purchase requests. Click here to learn more, including how to sign up for Kount Enterprise fraud protection.