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The Fixed Recurring feature enables merchants to set up recurring payments of a fixed amount at regular intervals. Users are charged the fixed amount at the subscription time and at the start of each billing period. This payment type is ideal for services like gym memberships or streaming services.
Plans define the amount, token and billing period for subscriptions to recurring services and products. You can create plans using the web app.
Subscriptions allow you to charge customers on a recurring basis. Customers can subscribe through 8Pay’s hosted checkout pages that can be reached by embedded buttons, short urls and QR codes.
Subscriptions can be in four different statuses:
ACTIVE: the current cycle was paid
EXPIRED: the latest cycle is over, a payment is due for the next one
CANCELLED: the subscription was cancelled by the user
TERMINATED: the subscription was terminated by the vendor
Billings can fail if the subscriber hasn’t got enough funds on his wallet, hasn’t enabled the token or his spending limit fo the token is too low. They can be retried at a later time.