Payment Instruments
It is time to go above and beyond credit card transactions! Airpay validates payment instruments and activates them in real time for future transactions. This isn't restricted to simply eNACH or Standing Instructions. Give your customers the flexibility of changing the instrument as and when they need. Store your customers information a protected and secure environment.
Subscription Management
Subscription management is a service which works on top of payment gateway to handle subscriptions and ensure that the right account is charged the right amount.
Dunning Process
Automatically send reminder notifications to your customers about past due accounts. Reducing the time and resources spent manually checking up on delinquent accounts. We will ensure that customer has updated payment details on file so that the occurrence of failed transactions is reduced.
For example:
When the Lending card / debit card is about to expire Bank account details have changed
Unified Customer View
ERPs were built to track products not customer relationships. Airpay offers a single interface to own the entire subscription lifecycle so that you have a single view of a customer.
Billing Models
Fixed Payment Schedule
Charge the same amount on the same date at the same time interval
Quantity based model
Charge your customers based on usage tier based billing
Trial
Offer a free trial for XX number days post which you start billing automatically
Usage based model
Charge a different amount on the same date based on the product / service usage
One time charge
Charge a one time fee + subscription fee on a fixed schedule
Get insight into customer retention and new sales
- Monthly recurring revenue
- Average revenue per customer
- Customer lifetime value
- Customer churn rate
- Revenue churn
- New / Active / Paused / Reactivated / Cancelled subscriptions
- Average subscription cycle
- Average subscription frequency
