Businesses can now request recurring payments in cryptocurrencies with the email billing service!
Recurring billing allows any company that is verified on CoinGate to create, schedule and send cryptocurrency bills that can be redeemed regularly via email or a QR code link.
The solution is available for use from the account dashboard without any coding, or customization API integration– whatever suits you best.
You can also use the billing option to issue one-off invoices straight from the dashboard. Learn how.
As with all others payment integration tools, recurring bills (or subscriptions) allow payments to be received in over 50 cryptocurrencies with a feature to convert revenue into other coins or Euros / US dollars.
This service also supports Lightning Network payments for Bitcoin and Litecoin, account permission and more.
The recurring billing solution (aka subscriptions)
A recurring billing solution is great for companies that provide subscription-based products or services – that’s VPNs, video game publishers, video streaming platforms, hosting providers and other similar types of businesses.
By using the subscription feature, companies can send individual automated crypto bills to hundreds of customers at once, whenever needed. All you need to get started is to pass the business validation or apply for a trial account.
All paid and unpaid subscription bills can be tracked and managed in real time from the account dashboard.
Set up recurring bills:
- Create contact (aka the subscriber).
- Add payment details (aka the subscription details).
- Combine contact with payment details to form a bill (aka the subscription).
- Add a schedule and activate the recurring bill.
- Monitor payments from the “Payments” menu section.
In detail: how do subscriptions work?
Recurring bills have a dedicated control panel (“Trader” → “Billing”), which consists of four sections:
Want to get technical right away? Jump straight to Billing API Documentation.
Subscription Details (“Billing” → “Details”) or alternatively, payment details, representing all the parameters of the product (s) or service (s) to which your customers will subscribe.
This is the section where you set up your inventory and set prices for a single bill, as well as determine it settlement money.
You can reuse the same subscription details in the future for as many customers as you want.
You can also attach several subscription details to a single subscription.
As you can guess, Subscribers (“Billing” → “Subscribers”) or alternatively, contacts, outline your customers. A subscriber profile allows merchants to insert all necessary information about a paying user such as name or company, email, etc.
By combining Subscriber with Subscription Details, Subscription then created.
The Subscriptions menu section (“Billing” → “Subscriptions”) is where you formulate payment schedules for your customers and set up an email invoicing service.
When one or several Subscription Details are assigned to a specific Subscriber, recurring bills (weekly, monthly, quarterly, annual), or Subscriptions, it can be activated from the dashboard.
You can check an individual’s payment plans, delivery dates and other information Subscriptions in the same menu.
All paid and unpaid orders, as well as subscribers assigned to them, will be shown in the Payments menu section (“Billing” → “Charges”).
Order status is tracked in real time, so you’ll always be able to know exactly when a particular customer is making a successful payment.
Want to jump right into it? Sign up at CoinGate to get started, or log in to your account, access the business environment and go to “Trader” → “Billing” menu section.
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