Digital commerce has been dramatically transformed by cryptocurrencies, bringing forth a novel and decentralized mechanism for transactions. Among the myriad of cryptocurrencies available, Ariva (ARV) has emerged as a popular choice for businesses, particularly in the travel and tourism sector. This guide will delve into how businesses can effortlessly accept Ariva payments and set up recurring crypto payments using NOWPayments, a leading crypto payment gateway.
Understanding Ariva (ARV) Payments
Ariva represents a groundbreaking shift in the Travel and Tourism industry, leveraging the power of blockchain technology. It is a blockchain solution targeted at active use in global and local tourism and travel networks. The Ariva ecosystem includes Ariva.World, a B2C & C2C travel booking portal integrated with cryptocurrencies, and Ariva.Finance, a crypto payment gateway.
Ariva is not just a tradable cryptocurrency; it is designed for active use in the tourism industry. By accepting ARV as a payment option, businesses can tap into a growing community of ARV users and offer an alternative payment method that aligns with the principles of decentralized finance.
Accepting ARV Payments: A Step Towards Decentralization
Cryptocurrencies like Ariva (ARV) offer a decentralized payment solution. This means that transactions do not require an intermediary, such as a bank or payment gateway. This results in faster transactions, lower fees, and enhanced privacy. Accepting ARV payments can provide businesses with these benefits while also attracting a new customer base that prefers to use cryptocurrencies.
By accepting ARV payments, businesses can also stay ahead of the curve. Cryptocurrencies are becoming more popular, and businesses that accept these digital assets can position themselves as forward-thinking and innovative.
The Role of NOWPayments in Accepting ARV Payments
NOWPayments is a cryptocurrency payment gateway that enables businesses to accept ARV payments easily and conveniently. It offers over 260 cryptocurrencies, ensuring that businesses can cater to a wide variety of customers. The platform charges a minimal fee of 0.5%, making it an affordable solution for businesses of all sizes.
One of the standout features of NOWPayments is its support for recurring payments. This is particularly useful for businesses that operate on a subscription model or offer services that require regular payments.
Recurring Crypto Payments: Revolutionizing Business Transactions
Recurring crypto payments bring numerous advantages to businesses and their customers. Whether a business offers subscription-based services, membership programs, or installment plans, recurring payments can streamline the revenue collection process and enhance the customer experience.
Convenience and Automation
One of the significant advantages of recurring payments is the convenience it offers customers. Rather than manually initiating a payment each billing cycle, customers can set up recurring payments, which will automatically deduct payments from their account. This eliminates the need to remember payment due dates and ensures timely payments.
For businesses, recurring payments automate the revenue collection process, reducing administrative tasks and freeing up resources. By integrating recurring crypto payments, businesses can concentrate on providing value to their customers rather than chasing overdue payments.
Improved Cash Flow and Predictability
Recurring payments provide businesses with a predictable and steady cash flow. A consistent revenue stream allows businesses to better plan and allocate resources, invest in growth opportunities, and meet financial obligations. This financial stability enables businesses to make strategic decisions and drive long-term success.
Reduced Churn and Increased Customer Retention
Recurring payments foster customer loyalty and retention. When customers set up recurring payments, they are more likely to continue using the service or purchasing products over an extended period. By offering a convenient and hassle-free payment option, businesses can reduce customer churn and increase customer lifetime value.
How to Accept ARV Payments Using NOWPayments
To begin accepting ARV payments using NOWPayments, businesses need to sign up for a NOWPayments account. This process is quick and straightforward. Once the account is set up, businesses can add their ARV wallet and create a new API key.
With the API key, businesses can choose the tool they want to add to their checkout process. Once the integration is active on the website, the business is ready to accept payments in Ariva.
NOWPayments’ Recurring Payments API: An Introduction
Recurring Payments API
The Recurring Payments API from NOWPayments is designed to streamline your workflows by assigning payments to your customers on a regular basis. This feature involves creating a plan for payments and individual recurring payments for each user.
Creating a Recurring Payment Plan
To create a Recurring Payments plan, you would use the following path:
POST
Create plan
https://api.nowpayments.io/v1/subscriptions/plans
This method allows you to create a Recurring Payments plan. Every plan has its unique ID which is required for generating separate payments. The parameters you can set include the title, interval_day, amount, currency, ipn_callback_url, success_url, cancel_url, and partially_paid_url.
Updating a Recurring Payment Plan
If you need to make changes to a created plan, you can use the following method:
PATCH
Update plan
https://api.nowpayments.io/v1/subscriptions/plans/:plan-id
This method allows you to add necessary changes to a created plan. They won’t affect users who have already paid; however, the changes will take effect when a new payment is to be made.
Viewing Your Recurring Payment Plans
To view information about your payment plan or all the payment plans you’ve created, you can use the following methods:
GET
Get one plan
https://api.nowpayments.io/v1/subscriptions/plans/:plan-id
GET
Get all plans
https://api.nowpayments.io/v1/subscriptions/plans?limit=10&offset=3
Creating an Email Subscription
This method allows you to send payment links to your customers via email. A day before the paid period ends, the customer receives a new letter with a new payment link.
POST
Create an email subscription
https://api.nowpayments.io/v1/subscriptions
This method requires the subscription_plan_id and the email of the customer to which the payment links will be sent.
Viewing Recurring Payments
To view the entire list of recurring payments filtered by payment status and/or payment plan id, you can use the following method:
GET
Get many recurring payments
https://api.nowpayments.io/v1/subscriptions?status=PAID&subscription_plan_id=111394288&is_active=false&limit=10&offset=0
Ensuring Security and Transparency
NOWPayments’ Recurring Payments feature prioritizes security and transparency, providing businesses and their customers with peace of mind. By leveraging the decentralized nature of cryptocurrencies like ARV, transactions are secure and protected against fraudulent activities.
The Recurring Payments API enables businesses to create secure transfers between users’ accounts, ensuring that funds are transferred seamlessly and without the risk of unauthorized access. Additionally, the API provides methods to check the status of transfers, balances, and payments in real time. This real-time information ensures transparency and enables businesses to stay informed about the transactions within their ecosystem.
Conclusion
Accepting ARV payments and implementing recurring crypto payments is a game-changer for businesses. NOWPayments’ Recurring Payments feature empowers businesses to create deposit accounts for their customers, automate the payment process, and provide a seamless payment experience.
By leveraging the power of recurring payments, businesses can streamline their revenue collection process, enhance customer satisfaction, and drive long-term growth. With the ability to accept ARV payments, businesses can tap into a growing community of cryptocurrency users and position themselves as leaders in the digital economy.