Processing recurring payments

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Libby James
Merchant Services Expert

Libby James is co-founder, director and an expert in all things merchant services. Libby is the go-to specialist for business with more complex requirements or businesses that are struggling to find a provider that will accept them. Libby is regularly cited in trade, national and international media.

How to accept recurring payments in your company

Recurring payments are often referred to as, repeat billing facility or continuous payments facility. All of these terms mean the same thing; the ability to process recurring payments using the client’s credit or debit card details. Examples of this include; accepting subscription payments such as monthly magazine payments or mobile phone contract and credit card/debit card annual subscription processing such as insurance or gym/club membership.

Do all merchant accounts accept credit card subscription processing?

No – not all account providers have the ability to accept reoccurring payments, to do so you will need a merchant account and a payment gateway suitable for recurring billing. All merchants wishing to start credit card subscription processing will need to be approved by CPA (Continuous Payments Authority.) A contract will be issued between the merchant account and the credit card issuing banks to agree that payments can be made without customers specific permission. Speak to our advisors about the best ways to accept recurring payments.

What are the costs of accepting recurring payments online?

Lots of merchant accounts and subscription based payment gateways offer reoccurring payments as a ‘free’ part of the contract. However, taking reoccurring payments can be deemed by most providers as high risk. Due to this you can expect slightly increased fees from a standard account. TIP make sure you read the small print and compare rates like for like, “accept recurring payments for free” but what are the other associated costs? Read our informative guide to find out more.


Online credit card processing recurring payments

There are two ways of accepting payments manually using a virtual terminal and online using your current CRM system, either way making sure you remain PCI compliant is vital. We suggest using a subscription payment gateway with a compliance level of one.


Accepting high risk recurring payments and payment gateway subscription services

High risk industries such as the adult and entertainment sector often experience difficulty in obtaining merchant accounts and payment gateways to accept subscription and membership fees. At Merchant Advice Service, we work alongside high-risk specialist advisors, who deal with this type of application on a daily basis. Speaking with such experts, prior to applying can not only save time on wasted applications, with companies that wouldn’t accept high risk businesses, but can also save money on quotes obtained elsewhere.

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Libby James

Libby James Co-founded Merchant Advice Service alongside David Bird in 2016. Her finance background, coupled with retail and customer service experience, gave Libby the drive to bring transparency and non-biased advice to the world of merchant services. Having come from the heavily regulated mortgage and insurance industry, Libby found it puzzling that other financial sectors lacked regulation and transparency leaving customers confused and unable to make informed decisions when it came to accepting card payments. This was soon to become Libby’s obsession!

With the help of some of the industry’s best, Libby began to research acquiring banks, complex terminology/regulation, and the problems customers experience within merchant services and payment gateway markets. She spent years on sourcing solutions for complex clients, which previously others were unable to assist with. Libby established relationships with brokers and banks which would soon form the cornerstone of Merchant Advice Service. As a result Libby has been featured in high-profile publications across the web.

Libby is proud to be the entrepreneur’s champion, supporting start-up businesses regularly. Her industry insights can often be found on LinkedIn where she provides free of charge advice and money saving pointers. It’s safe to say she has her finger on the pulse of everything card payments related.

Libby speaks of her experience in founding and running Merchant Advice Service…

‘Merchant Advice Service is one of my greatest achievements to date. We help business owners to overcome card processing issues which can become detrimental to their business. We assist SME’s in finding suitable card payments solutions, helping them create their vision. Each and every day is different, exciting and fore filling. As technology advances I can’t wait to see the way in which the merchant services market advances, and I’m pleased that our business will play a part in educating company owners along the way.’

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