Payin Solution
Regular Payment
Regular Payment is the perfect solution for general scenarios and is ideal for "One-time Payment" scenarios, without depending on any prerequisites.
Direct Payment
Direct payment is a special mode based on Regular payment, where the merchant needs to create an available authorization (called Mandate) in advance to create a Direct Payment.
Based on the feature of Direct Payment, merchants can implement payment products such as "One-click Payment", "Tap & Pay", "Lightning Payment", "Rapid Payment", "Remember for next Payment", "Auto Payment" etc.
Our statistics show that merchants who use Direct Payment have a significant increase in the success rate of repeat customer payments. Choose Direct Payments to enhance your business growth and provide your customers with a seamless payment experience.
Though, there is no such thing as better or worse between Regular Payments and Direct Payments, it depends on your business needs to choose.
To learn more about the differences between Regular Payments and Direct Payments, check out our guide on: Create Regular Payment & Create Direct Payment
Recurring Payment
Payssion offers a subscription-based recurring payment solution. Subscriptions are emerging payment way that allows customers to subscribe to your products or services for a certain period and be automatically charged on a regular billing cycle. Compared to traditional one-time payment methods, subscription payments offer many advantages.
Firstly, subscription payments can help you maintain a stable cash flow, predict income and expenses, and reduce operational costs. It eliminates the uncertainty of receiving a payment each time and allows you to plan financial budgets and marketing strategies better. For customers, subscription payments are also more convenient, as they do not have to manually make payments each time, reducing the burden of accounting and payment.
Secondly, subscription payments can improve customer satisfaction and loyalty. By regularly providing services and products, you can establish a more stable relationship with customers and reduce customer churn rate. Additionally, subscription payments also provide customers with more flexibility and choice, allowing them to change or cancel subscriptions at any time.
Finally, subscription payments can help you better understand customer needs and behaviours, enabling you to optimize products and services better. By analyzing customer subscription behaviour and spending habits, you can more accurately grasp market trends and customer needs, further increasing customer satisfaction and loyalty.
In conclusion, subscription payments are an efficient, convenient, and flexible payment method that can help you increase revenue and customer satisfaction while reducing operational costs and customer churn rate. If you haven't tried subscription payments yet, it may be worth considering, as it can bring unexpected benefits to your business.
To learn more about the Subscription solution, check out our guide on: Create Subscription
Payout Solution
Payssion provides an easy and reliable way for merchants to send money to their target users, using our unified and consistent API interface. With our Payout solution, merchants can quickly and securely transfer funds to their customers, partners, and employees in countries worldwide. Try Payssion Payout today and experience the convenience of global payouts.