Recurring Engine

The Recurring Engine is a managed service that relieves the burden of developing an in-house billing solution for merchant engaged in installment or recurring transactions. This powerful, but flexible service allows you to create virtually any payment Plan required by your business model, whether it is part of a predetermined campaign or a marketing test, and then apply the Plan to customers as part of the standard Authorization or Sale transaction.

The Recurring Engine provides the following benefits:

  • Reduced Infrastructure Costs - since you do not need to program your own solution, you save the up-front development cost, as well as ongoing maintenance expenses.

  • Reduced Labor - once you create a Subscription in the Recurring Engine via a standard Authorization or Sale transaction, no further action is required for the life of the Subscription.

  • Integration with other Worldpay Value Added Services - if you include the Recovery Services (Account Updater and Recycling Engine) as part of your implementation, you eliminate any concerns (and reduce expenses) associated with issues such as account number changes and recycling of declined payments.

  • Flexible Plans - You can define the billing interval (weekly, monthly, quarterly, etc.), number of payments (including open ended schedules), amount of payments, as well as trial periods within a Plan. To add flexibility you can override several of these settings and set a specific start date at the individual Subscription level.

  • Flexible Creation of Discounts - if you wish to offer a discount to selected customers, simply include the information at the time of the Subscription creation, or add it anytime afterward by updating the Subscription.

  • Flexible Creation of Add Ons - similar to a discount, you can apply changes for additional services at the time of the Subscription, or anytime afterward.

  • Integrated Reporting - in addition to the normal revenue reconciliation information available in the iQ Reporting and Analytics platform, there are a number of recurring specific reports that allow you to better analyze your revenue stream associated with recurring payment plans and strategies.