There are many different payment technology providers that work as Recurly payment gateway. Each of them has their own advantages and works with a respective merchant account. With the gateway equipped you can use Recurly to set up subscription billing and use it as a fully functional online tool.
Overall, Recurly provides what’s equivalent to a CRM for ecommerce businesses that want to use recurring or subscription billing. There are numerous ways to incorporate this type of payment in your buying cycle and to charge customers for your products or services.
Recurly’s main feature is speed. Speed to set up, implement, and see returns on your new billing model. Created by developers, their platform allows you to quickly onboard clients and track their transactions throughout their customer life cycles. Moreover, you can apply these features all over the world as it has the ability to move into new markets and countries with ease.
Recurly also has an impressive list of customers, such as Paramount, Speedo, Sling, Twitch, and Fubo to name a few. From enterprise level accounts to startups, their testimonials and history speak to their ability to meet the needs of their customers.
A Chargebee payment gateway can be used similarly to Recurly. In fact, they are the lead competitor. Both companies offer recurring billing services and have similar features and can help organize your subscription model with added technology.
Chargebee is a subscription management tool that helps you implement new payment models into your business. You can manage purchases within the app which fully integrates into all types of mobile devices.
Additionally, your product catalog can be viewed in multiple currencies, and levels of billing frequency such as weekly, monthly or yearly. Lastly, you can expand internationally and track multiple currencies at once. Chargebee is an excellent alternative to Recurly in terms of subscription capabilities.
Recurring billing is most useful for companies that want to have consistent income and provide steady goods or services to customers. There are a number of common examples where this is useful, and seen as the standard business model within the industry. Some of those are as follows: