Introducing subscription payments on EKM
Newly added to the EKM platform - subscription payments allow you to turn one-off buyers into repeat customers. It allows your customers to sign up and receive timed interval deliveries of your products.
How does subscription payments work?
With Subscriptions, customers can make recurring payments. There is be no limit to the type of products that can be sold via subscriptions. It is currently available to customers using EKM Basic, Standard, Advanced and Pro.
Quick and easy to install
Subscription payments is quick and easy to install within the EKM Labs section of your EKM account. To use subscriptions, you will need to be using EKMPay, which offers the lowest available transaction rates on EKM.
Apply subscriptions to products
Apply subscriptions to new or existing products within your EKM account. When adding a subscription to a product, apply multiple options for delivery intervals and apply subscription discounts to encourage purchases.
Encourage repeat customers
Customers will now be able to subscribe to products on your website with selected delivery intervals. They will also be able to login and manage any subscriptions they have set up with you. Please note that the customer logins feature will also need to be installed.
What are the benefits of subscription payments?
Subscription payments are a proven way to improve online success for growing businesses. Here are the four key benefits of using subscription payments on your website.
Recurring revenue
Subscription payments can ensure a reliable recurring cash flow to your business, offering business growth opportunities.
Higher customer lifetime value
The longer you can provide value, the longer a customer will order from you, increasing their lifetime value to your business.
Improved inventory forecasting
Subscriptions allow you to plan ahead, reducing any costs that can be associated with overstocking and understocking.
Better customer experience
Subscription payments also provide a better experience to customers by giving them the power to manage their purchases.
Exclusively available with EKMPay
Our subscriptions feature is exclusive to those who use EKMPay on their website. EKMPay, powered by ClearAccept, is our very own range of integrated payment products purpose-built for our e-commerce platform.
EKMPay allows us to offer you the lowest rates available on EKM, with a basic rate of just 1.4% + 20p (plus VAT) and custom rates businesses that turnover £1m.
Learn more about taking payments with EKMPay
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