The On Demand feature facilitates customizable recurring transactions. Buyers and sellers can establish a recurring payment agreement, with the option for users to exit the arrangement at any time. Similar to a bank direct debit, this feature grants the merchant the ability to withdraw funds from the user's wallet based on agreed-upon terms, offering convenience and flexibility.
Plans define the minimum allowance, token and reset period for subscriptions to on-demand services and products. You can create a plan using the web app or directly interacting with our smart contracts.
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 two different statuses:
ACTIVE: user can be charged for its usage
CANCELLED: the subscription was cancelled by the user
TERMINATED: the subscription was terminated by the vendor
The allowance represents the maximum amount that can be charged for the service during each cycle.
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.