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Virtual POS Recurring high risk payments

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If you want to simplify your billing and make sure that your clients don't miss payment due date than implement recurring billing and collect fees on regularly periods, that you can set according to your business activity. Accepting payments was never so easy and efficient.

Reference: PP87787AR


Recurring high risk payments 

Recurring payments or recurring billing is a perfect option to not only collect payments but also avoid their delay. This need increases when we deal with high risk payments and commercial activities. Having a card or a bank account number of the client authorized for regular payments increases the guarantees of due payment to be processed. This method of billing is very common among online businesses where the physical presence of the client is not necessary. In particular recurring payments are very common among the following types of commercial activity: 

  • Online commercial activities that require subscriptions. The frequency of payments for subscriptions can be set in accordance with the needs of the business: daily, biweekly, monthly, quarterly, semi-annually, annually and biannually. 
  • Donations
  • Club membership programs
  • Renewal of insurance policies
  • Fixed telephone plans
  • Call centers

How does Virtual POS recurring payment work? 

The operative of Virtual POS recurring payment is quite easy once you understand the process and connection between the client and the business. Please follow the steps described below to see how Virtual POS recurring payment works. 

  • Step one: The client decides to make a purchase and pay it in parts or to sing up in Gym and pay for the subscription on monthly basis. Therefore, he approves a monthly charge on his credit or debit card for a certain amount and period of time.   
  • Step two: The merchant or, so called, user of the payment gateway logs into his panel of control and introduces all the information provided by the client: card number, expiry date, CVC code, frequency with which the recurring payment will be made (daily, weekly, monthly or annual), due amount and the date of the last recurring payment.
  • Step three: Once the payment gateway has recollected all the necessary information, he sends it through encrypted code to the acquiring bank. 
  • Step four: The acquiring bank detects the request and connects with the network of the debit or credit card brand (Visa, MasterCard, Amex…) used in the operation. 
  • Step five: On monthly basis in order to charge the client the acquiring bank connects with the debit or credit card brand in order to obtain the confirmation of sufficient funds. 
  • Step six: Visa or MasterCard, in its turn, verifies with the bank that has issued a card if the client has sufficient funds to carry out the transaction and communicates it to the issuing bank. 
  • Step seven: The issuing bank verifies if the card and the bank account of the client have any limitations or restrictions and is eligible to carry out the payment. Once checked the issuing bank confirms if the operation is authorized or not. The payment gateway receives this authorization code.
  • Step eight: If the payment has been authorized, the acquiring bank transfers the amount paid to the bank account of the merchant. 

Commissions for high risk Virtual POS Recurring payments

Virtual POS high risk recurring payment fees

Processing commissions*
5,5% to 6,5% (depending on the level of risk)
Commission for OK transaction
Commissions for wire transfer
European Union 15 Euros. Outside EU 70 Euros.
Commissions for Refunds

10 Euros.
Commissions for Chargeback

50 Euros.
Activation fee*
299 Euros (one-time payment)

* The activation of the high-risk recurrent payments Virtual POS is a one-time payment. No further monthly or annual maintenance fees are required. 

* The prices can vary depending on the commercial activity of the client and the level or risk his business involves. For any questions, please, contact us via e-mail, chat or by phone.

    with internal anti-fraud management
    Visa, MasterCard, Amex, Diners Club, JCB and Discover
    3DSecure and without 3DSecure
    in real time 24/7
    Certified by a notary or notary public
    Certified by a notary or notary public
    Electricity, water, gas, telephone or bank statement
    in English
    Articles of incorporation of the company, memorandum of association, register of directors, registered shares certificates and for companies registered more than one calendar 1 year ago "Certificate of good standing"

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