Pay Launches the Novel Recurring Payments Feature

On September 01, 2021, Pay announced the launch of Recurring Payments in its beta stage.The unique feature shall enable registered merchants of Pay to provide subscription offers for their services and products and receive payments at regular intervals from customers without additional charges.

The payment feature is entirely automated, unlike the other payment platforms of the industry. As soon as a customer opens an account with the payment feature, the recurring payment amount will be directly deducted from the registered wallet of the customer on Pay. The recurring payment amount deduction shall be deducted regularly throughout the subscription period, thereby making the whole process very convenient and flexible for the customers and the merchants.

The recurring payment feature of Pay allows merchants to create customized lists of subscription services and products to enable the configuration of billing periods and sale prices through the Dashboard. The Dashboard gives the customers easy access to information to assist them with the settlement of payments in more than 20 cryptocurrencies that include Bitcoin, Ethereum, Dogecoin, Litecoin, CRO, USDT, and more through the recurring payment feature.

Ever since its establishment in 2018, Pay has been successful in establishing association with top-tier merchants that include TIME Magazine, Coinzilla, Ledger, and more, including platforms like Oveit and WooCommerce, thereby tapping into the international economy of cryptocurrencies. The best part about Pay is that it allows transactions at zero fee, while charging a nominal amount of 0.5% on the settlement of charges. 

In comparison to conventional payment processors, Pay allows users to save 80% of the fee. The integration of the newly launched feature of recurring payments to the old accounts of the merchants shall only take a few minutes, after which the merchants and customers will be able to avail of seamless subscription service.

To be a part of the beta launch of Pay, the merchants need to register with the platform by simply signing up here and completing this contact form.

For additional information, one needs to check the FAQ section and the official documentation on the website of Pay.

Established in 2016, Pay is associated with ten million users. It is one of the fastest developing crypto apps in the world, next only to Visa Card, DeFi Wallet, and Exchange. Pay has recently launched NFT for the trading and collection of NFTs. Founded on compliance, privacy, and security, Pay has CCSS Level 3, ISO/IEC 27701:2019, PCI:DSS 3.2.1, and ISO27001:2013 compliances.

With over 2,500 people in offices across the Americas, Europe, and Asia, is accelerating the world’s transition to cryptocurrency. Find out more:

Trushti Patel

Trushti Patel is a news writer and a regular contributor to CryptoNewsZ. She always stays up-to-date with the latest happenings regarding the world of crypto. She is also sound in technical analysis.

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