Recurring payments with cards and digital wallets – higher conversion and fewer abandoned transactions.
PayU recurring payments allow businesses to set up automatic, recurring payments using customers’ payment cards and digital wallets, such as Google Pay and Apple Pay.
Once the customer has consented to recurring payments, their payment details are securely stored and subsequently used for automatic transactions at predetermined intervals.
Regular and predictable income improves your financial liquidity and makes budgeting easier.
Automation reduces the need for customer interaction when collecting recurring payments and fees.
Simplifying the process helps maintain customer loyalty and increase your conversions.
The popularity of Google Pay and Apple Pay continues to grow, currently accounting for up to 44% of all card payments. Offer your customers digital wallets for their subscriptions as well.
When a card is securely sourced from a digital wallet, customers can initiate a recurring payment seamlessly without 3DS authentication. This reduces friction, improves conversion, and minimizes checkout drop-off.
Skipping 3DS also helps to increase approval rates. With recurring digital wallets, approval rates on recurring payments can reach up to 97%.
Verification takes place in the digital wallet without need for repeated 3DS verification, increasing convenience and efficiency for the customer.
In Europe, this step requires strong customer authentication in accordance with PSD2. We wll take care of this for you.
Intuitive API for easily setting up the functionality of recurring payments. Check out our technical documentation.
Learn more
