Triggered Payments

Triggered Payments allow a merchant to store credit card information securely encrypted in our database, then "trigger" the payment any time it is necessary.

Using Triggered Payments, a merchant can keep an account for each of its customers. The customer might pay $50 towards their account when they join. The merchant may debit the customer's account for $1 every time it provides a service to its customer. When a customer's account gets down to $5, the merchant may "trigger" the stored payment to take another $50 from the customer's credit card to top up their account.

If a merchant charges a customer a small amount each time it provides a service, sometimes the transaction fees charged by banks and credit card companies can be very high. Triggered Payments allow merchants to take a large initial payment, and only charge the customer again when their credit is depleted.

This way, the customer need not worry about manually paying to top up their account, and the merchant receives a batch payment, reducing transaction fees and interest charges.

As with Periodic Payments, the merchant's name will appear on the customer's credit card statement.