Many sophisticated, tech savvy businesses are turning to recurring billing solutions to acquire customers and generate additional revenue. They are looking for an easy way to bill for regular subscriptions or intermittent customers. Some merchants need to eliminate the need to handle actual credit card data, or automated reporting and reconciliation capability.



One of the biggest problems for merchants that charge credit cards on a recurring basis is maintaining accurate credit card information on file. In any given year, roughly 50-70% of Visa cardholders will change their account information. This places a heavy burden on merchants to reach out to customers and capture the updated information.

There are a number of reasons credit card details change including bank mergers that result in new numbers, identify theft, balance transfers and the regular updating of the card's expiration date. Regardless of the cause, merchants face an uphill and expensive battle to deal with these changes. Eight years ago Visa started working on a program they call Account Updater (VAU). They created an automated system that directly interfaces with merchant accounts and updates customers credit card information.

Braintree offers solutions which Maintain complete flexibility in subscription or installment billing and eliminate the need to process, store or transmit any credit card data or checking account information in your environment. Provide us the billing information and schedules and we'll handle it for you or manage it yourself using our flexible API ? it's your choice.

Payment Types

?Visa, MasterCard, American Express, Discover, Diners Club, Carte Blanche & JCB Card

?E-check, ACH and Electronic Funds Transfer (EFT)

?Consumer (level I), Corporate (Level II) & Procurement cards (Level III)

?Payment tools: AVS (Address Verification Service), CVV2, CVC2 and CID (3 and 4 digit codes)

Functionality

?Set up an unlimited number of recurring billing plans based on amount, duration and frequency

?Easily create, update or cancel subscriptions via API or web-based interface

?Automatically enroll customers upon sign-up

?Manage and process via API, Batch Upload or web-based interface

?Use default reporting capabilities or create custom reports

?Automatically reconcile transaction data with internal applications

Simplified PCI Compliance and Increased Security

?Replace credit card information with unique tokens for recurring billing

?No credit card data is present in the merchant environment to be stolen

?Reduce the scope of PCI Compliance by as much as 90%

?Maintain the same control over the credit card information as if it were present