How IvoryPay is Transforming Subscription-based Payments
For customers, handling the transaction flow for recurring expenditures and subscription-based payments is an often repetitive and stressful task. It involves repeating the same procedure over and again, with no end in sight. The sheer number of transactions to be completed further adds to the exhausting nature of subscription-based payments.
TL;DR
- Customers can now automate recurring payments and expenditures to service providers using the IvoryPay payment infrastructure
- With IvoryPay, payments can be authorized and completed within a fraction of a second
- The IvoryPay gateway solution allows all transactions to be safely kept on the blockchain with no room for incomplete or failed transactions
Automating Payments with IvoryPay
Technological advancement has brought about the digitization of services. Back in the day, services such as water supply and electricity are usually paid for with physical cash where a customer is required to visit the nearest payment center to make a payment. As technologies evolved, it became possible for customers to make payments online by visiting the dedicated platforms of service providers.
However, there remains a fundamental problem with customers now having more bills to pay on a periodic basis — from water to electricity, internet, cable TV, music streams, video streams, exclusive platforms, and the list goes on. Having to repeat payments over and again is now a challenge on its own as it involves visiting multiple channels, applications, and in some instances, using multiple devices.
With IvoryPay, users no longer need to worry about the stress of repetition. IvoryPay allows users (token holders) to simply automate all of their recurring, subscription-based expenses at once. The infrastructure then handles the entire process for customers, making payments as and when due and keeping all records of transactions on behalf of users.
On IvoryPay, payments are seamless, and recurring expenses are simplified.
Safe and Secured Transactions within Seconds
IvoryPay is built on the Solana Blockchain, transactions are safe and secure on the platform. Much more, IvoryPay leverages the fast transaction completion time of Solana along with its high throughput capability. This makes it possible for the infrastructure to handle and complete a larger volume of transactions per second. The solution also guarantees zero downtime with no delay in transaction processing.
Additionally, the IvoryPay payment processor has been configured to accept and complete transactions based on the stipulated transaction amount. This further makes the system ideal for subscription-based businesses as it removes the tendency for incomplete payments, thereby eliminating the occurrence of failed transactions.
Conclusion
Subscription-based payment is only one of the multiple instances of the Ivorypay payment infrastructure. The Ivory ecosystem boasts other business-enhancing solutions that are beneficial to global businesses in emerging markets.
To learn more about IvoryPay, feel free to use the links below
