NOWPayments, one of the leading crypto payment gateways, is happy to introduce an innovative Crypto Custodial Recurring payment tool, which helps businesses that bill their customers on a regular basis, to charge and pay them individually, depending on their consumption or performance. The NOWPayments Custodial recurring payment solution allows merchants to have direct access to their users’ accounts, managing the financial flow between user’s deposits and merchant account.
Businesses that benefit from custodial recurring crypto payment
Many industries and businesses, widely using consumption-based payment model, can already benefit from integrating the NOWPayments custodial recurring payment tool and attract the new crypto-native loyal audience, by starting to accept crypto payments. Among the companies, most commonly billing their customers on the personalized or consumption-based model, we can see the projects from the gaming and gambling industries, SaaS, hostings and domain name providers, infrastructural projects, such as blockchain node providers, server rentals, and many more.
Marketplaces, in particular, can benefit from integrating custodial recurring payment feature, in order to secure their revenues from their partners and merchants – now they can receive turnover from sales on their account directly and transfer commissions to the merchants right after.
How the NOWPayments Custodial recurring payment works
The seamless Custodial recurring payment solution, proposed by NOWPayments, is based on Merchant and User account infrastructure, where Merchant Account is the merchant’s deposit, and User accounts are its users’ deposits. The feature allows merchant to have access to the assets of users, as well as to analyze the activity of its holders and to bill them on a personalized basis.
This ground-breaking concept facilitates the assets flow on the merchant’s platform between the business and its users. All the merchant has to do is just to integrate the NOWPayments tool into its website and start to accept crypto payments or payouts.
The customers, on their part, are only expected to register on the merchant’s website and to transfer some assets to their deposits in the personal accounts, created on the merchant’s website, to secure future payments. Once the deposit was transferred, the customers don’t have to get involved in future payments – they will be withdrawn automatically, based on the amount of their consumption during the accounting period. The deposit, provided by the customer, guarantees future payouts to the merchant.
Benefits of custodial recurring payments with NOWPayments
- Differentiate the sum of your regular payments — charge or pay your customers every time as much as you wish
- No need to get your customer involved in payments — once users are subscribed to your service, you charge them automatically depending on their user activity
- Automatically managed payment flow — the customer deposits the assets just once, without getting involved in further payments
- White-label solution available — you can manage your payments without letting your customers know you are using NOWPayments
- Increased customer base — start to accept payments from anywhere in the world
- 150+ cryptocurrencies with instant autoconversion — receive the cryptocurrency you love
Сustodial recurring payment tool by NOWPayments allows businesses to manage the consumption-based crypto payments automatically. Now merchants can regulate the financial flow between their users and business accounts without any third parties.