Online recurring billing is mainly used for periodic purchase activities, especially for those who are engaged in foreign trade transactions. This function from automatic payment notification to automatic order generation and debit does not require customers and sellers to operate. However, when it comes to unsuccessful payments, what exactly is the cause? Below we can make a simple analysis based on several states of unsuccessful debit, and hope to help you better understand the online recurring billing function.
When a customer has the need to purchase goods periodically and the website platform supports online recurring billing, it can be set up according to the needs of the customer, and according to the customer's needs, the purchase interval, purchase quantity, and special conditions can be set up to generate the same payment notice template for the same customer. When the set time comes, but the seller's payment is unsuccessful, the system will send an email to remind the other party of the failed chargeback, which is usually caused by the customer's credit card having expired.
To avoid payment failure after online recurring billing, customers need to regularly update their credit card or savings card information in a timely manner, especially since the original bank card will become invalid after replacement, and the information must be updated in order to make normal payments. In addition, the platform system should also have a regular reminder function, usually by sending an email to remind customers before the credit card almost expires, so as to avoid the phenomenon of transaction failure after online recurring billing.
In addition to regular billing deductions, online recurring billing now also integrates real-time reporting, which provides a better understanding of prices, payments, and profits, helping sellers to keep track of their accounts easily. The platform also supports a risk control management system to help both buyers and sellers detect risky accounts and transactions, and immediately notify the risk control management team once there are suspicious transactions, so that the whole process from regular billing to payment will be more secure.