Payments that recur based on a regular schedule can be handled easily through Dragonpay.  While recurring payments have long been available with credit cards, this is relatively difficult to do for debit-based payments and no one has provided a good solution until now.

What are the benefits to using Dragonpay Recurring Payments?

• Easy to implement — merchants can easily define how many times to perform the debit and how often (ex. weekly, monthly, quarterly) saving you the drudgery of keeping track of recurring payment collections.
• Simplified — A unified Application Programming Interface (API) allows merchants to accept recurring debits from major local commercial banks without having to deal with each bank individually.
• Affordable — unlike credit cards which charge a percentage of the amount, Dragonpay charges fixed fees even for recurring payments!  This makes it ideal for debiting payments for loans and amortizations where the amount involved can be big and would otherwise incur large fees if collected via more traditional methods.

Applications that commonly require recurring payments include amortization payments, association dues, utility bills, membership subscriptions, donations, insurance premiums, and loan payments.  Contact our Sales to know more about our Recurring Payments platform.