Subscriptions and Recurring Payments Posts

5 Gateways of Recurring Payments

Recurring payments made ample with multiple payment gateways to manage subscriptions and membership plans, Aheadworks claims a break-through.

5 Gateways of Recurring Payments

Aheadworks starts the season with a burst of two consecutive releases of updates to the Advanced Subscription Products, a best-selling extension for  Magento 2 stores. The success of the module feeds on the company’s keeping pace with the latest trends on the market of alternative payment methods. Ahead of innovations, we are constantly trying to predict what the future looks like. 

In 2020, 65% of all online transactions are predicted to be made using alternative payment methods.

Why the buzz

Recurring payments are at the core of the Advanced Subscription Products. These are automatic payments triggered against a pre-set schedule for subscriptions and memberships on selected products. The need to store and periodically process the details of customers’ credit cards or bank accounts on the side of the vendor raises issues for shoppers. They want the process to be secure, convenient, and fuss-free.

According to Experian, 27% of customers report abandoning a cart simply due to a lack of visible security.

Consumer demand brings about an utter response – merchants who want to deliver a customer-centric experience focused on flexibility, choice, convenience and speed opt for alternative payment methods. This empowers people to pay in a way that fits their needs and lifestyle, and takes security worries away.

How we keep you calm

SARP 2.2 Gets a Powerful Notification System

The benefits of recurring sales are closely considered in our previous posts and we highly recommend you to try on this revenue model.

Without exaggeration, we think that it is suitable for most product lines and can be advantageous for both, sellers and customers.

SARP Email Notification System

To streamline the process of selling subscription products we consistently improve and complement the functionality provided by our Subscriptions and Recurring Payments Magento extension.

SARP 2.2 New Features

The newest version of SARP got an advanced and powerful notification system able to inform customers and responsible employees on recent most important event updates.

The current version of the SARP extension is also more stable, when working with PayPal providing the fully automated recurring profiles synchronization.

Email Notifications

Located under Subscriptions –> Email Notifications the functionality allows Magento admins to create an infinite number of notification patterns.

The Notification Details section includes next compulsory fields:

  • Name – specifies the unique name of the notification;
  • Status – disables or enables the notification;
  • Event Type – determines the events, which trigger notification emails. It currently includes five options: New profile created, Profile Status Changed, New order created, Profile expired, Next payment;
  • Recipient – appoints email recipients, including Customer, General Contact, Sales Representative, Support, etc.;
  • Store – determines stores/store views for email notifications.

Ideas for Business: The Recurring Revenue Model

Which is better, to have 0 or $10.000 at the beginning of each month? Surely, no one will choose the first option when it comes to real money.

Starting each new business month you suppose  to reach a certain sales volume and can estimate the revenue you will apparently obtain, but it is still just your assumption. And, you will certainly be more confident and surefooted, if you firmly know that this revenue is assured to you by your customers. It is really possible within the recurring revenue business model.

Recurring Sales

Not only applied to new businesses this model can also be used for running online stores in combination with one-off sales.

The Benefits of Recurring Sales

The more recurring sales you make, the more benefits you have:

  • Recurring sales provide you a steady cash flow;
  • They allow you to better plan your investments and payments;
  • This stability allows you to take higher risks and get higher returns from risky projects;
  • You get a chance for potential up-sells and cross-sells during the customer lifetime;
  • The recurring character of your income allows you to get large loans easier;
  • The attractiveness and cost of your business rises considerably for investors and prospect customers.

Types of Recurring Sales

However, recurring cash streams are also not equal and we can distinguish several types starting from most valuable ones.

Top 10 aheadWorks Bestselling Extensions of 2013

Editor’s note: 2014 is here, and at the beginning of each year we are used to sum up the results of the previous year and make plans for the future. Today we highlight the most successful aheadWorks extensions of 2013 and give you their following characteristics: MC star rating, number of reviews, and updates frequency.

Magento Follow Up Email extension

Follow Up Email

  • Magento Connect star rating: 4.6 (4.6/5)
  • Reviews: 95 (44 in 2013)
  • Version: 3.5.8 (ver. 3.5.2 – 3.5.8 released in 2013)

New features added in 2013:

+ SKU limit of 255 characters was eliminated;
+ Option to disable triggering of duplicate events;
+ Brazilian Portuguese (pt_BR) locale added;
+ Abandoned cart emails can contain cross sells block.

SARP 2.0 Operates Recurring Payments in Your Magento Store without a Hitch

Editor’s note: Actually all the purchases we make during our lives may be considered as repeated ones. The SARP 2.0 Magento extension makes recurring purchases available for your customers and allows them to subscribe to products and get them on a regular basis.

New Subscriptions and Recurring Payments 2.0 has numerous features providing excellent functionality for subscriptions and recurring payments management. It’s a new generation of our Subscriptions and Recurring Payment extension, which uses native business logic of payments methods and allows you to bring your subscription program to a totally new level.

Note: SARP 2.0 is not compatible with the previous SARP versions. The module supports PayPal Website Payments Pro and ARB payment methods only.

Subscriptions and Recurring Payments extension for Magento

SARP 2.0 features in brief:

  • Main payment methods support

The SARP 2.0 extension supports PayPal Website Payments Pro and Authorize.Net ARB payment methods. All the payments are processed on the payment gateway side and customers can experience all the advantages of their business logic. Each website within one Magento installation has its own subscription engine which is configured in main settings.

Main Payment Methods

Useful Solutions to Prevent Cart Abandonment

Editor’s note: Cart abandonment is one of the most disturbing problems for online merchants and the most complex one. Its solution is based on numerous practical experiments and at the same time requires substantive analysis and statistics to be successfully resolved. In this article we’ll highlight some modules you can use to reduce cart abandonment in Magento-based stores.

Abandonment rate constantly increases. The aggregated data from several sources shows the following trend:

Abandonment Rate
Source: Baymard Institute

As you see, for seven years abandonment rate increased by 11.47% and seems to continue growing. Average abandonment rate really disappoints when you get the insight that customers abandon nearly four of the five shopping carts.

According to statistics customers mostly abandon their carts due to price issues (see the diagram above). Almost all of these issues are aside from the particular ecommerce software functionality and depend on specific pricing policy of every single online store.

However, aheadWorks offers some effective solutions for Magento-based stores which will mitigate customers’ perception of price and prevent them from abandonment.

Payment Gateway Changes Will Influence Your Subscriptions. What to Expect?

Payment Gateways

Times are changing and new technologies come and go with their flow. As long as we continue developing cutting edge solutions for eCommerce businesses, we are destined to revise constantly what’s on the agenda today and what’s outdated even if it was widely spread yesterday. Technologies that come along with the changes are even more subjected to variations, and this is the reason why I begin the story about payment gateways.

Payment systems are crucial for aheadWorks and we can’t overlook their upgrades when they are made, since one of our best-selling extension, Subscriptions and Recurring Payments, is entirely dependent on how these systems (PayPal, ePay, Authorize.Net, Argofire Payment and others) work. With the SARP extension merchants can accept recurring payments and sell subscription products in their Magento stores easy and efficiently.

A lot of eCommerce solutions with subscription offers are based on token payments and have been successfully proceeding with this type of payments for a long time. It is no more a case nowadays, because current payment systems move away from token payments to other payment methods.

What are they and why does it happen?

Subscriptions and Recurring Payments v.1.9 Is Enriched with Additional Payment Methods and Other Features

Subscriptions and Recurring Payments
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Merchants do their best to attract visitors to their stores and make them stay longer there. Enormous efforts, modern technologies and significant cash expenses are aimed to convert visitors into customers. But all these factors can’t guarantee you absolute success.

The Subscriptions and Recurring Payments extension possesses a number of advanced features that make it a powerful tool to convert visitors to your regular customers and add recurring revenue stream to your business.

This extension is a key solution for the web stores that accept recurring payments and sell subscription products. It suits you if you sell products that are purchased with a certain regularity: magazines, newspapers, or products like grocery or bottled water. Offer them as a one-off purchase or in the form of a subscription and you will cater to customers with differing needs.

We would like to make this day a bit better for you with the release of the Subscriptions and Recurring Payments 1.9 version enhanced with the following features.

Top-10 aheadWorks Extensions of 2012

Year 2012 didn’t fade into obscurity and be sure we didn’t cover up the results of the year and its accomplishments. Let’s open the calendar and take a look at milestones that defined the past 12 months for aheadWorks team. Amazing thing – this “apocalyptical” leap year turned out to be really successful and rich in pleasant events for us and our partners and customers.

As one of the leading providers of Magento extensions, aheadWorks joined the conferences in the USA, Germany, France, Ukraine, the UK and Poland. In most of them we were entitled to Silver Sponsorship.

We are not used to rest on laurels and 2012 proved it right. As many as 9 new extensions were released, including your favorite One Click Checkout and Magento Affilate. A lot of existing extensions were updated as well as 6 significant themes that are compatible with Magento CE v. and v.

We are also proud of a new service, aheadCommerce, an innovative solution for creating tablet storefronts, released in 2012.

To complete the picture of the previous year, we display the Top-10 bestselling aheadWorks extensions of 2012. This top-listing also includes the quantity and quality of extensions feedback, written by our customers. The most interesting reviews accompany the modules below.

New Payment Methods Support in Subscriptions and Recurring Payments

Subscriptions and Recurring Payments
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The success of a web store depends on the number of returning customers. The Subscriptions and Recurring Payments Magento extension makes it easier for online store owners to sell subscriptions and accept recurring payments. Thus, it’s a great solution to convert visitors to your regular customers and, as a result, to get a steady source of income.

It’s a great pleasure for us to announce that at the end of summer we are planning to release a new version of the module that will give new opportunities for store owners and customers. The list of payment methods supported by Subscriptions and Recurring Payments is going to be expanded in August when Ogone Payment Services becomes available for SARP products.

Today we also have some good news for you. Subscriptions and Recurring Payments v.1.8 has been released. The new version includes considerable improvements.

Get New Opportunities with Our Extensions Updates!

Subscriptions and Recurring Payments
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With the Subscriptions and Recurring Payments extension, you can accept recurring payments and sell subscription products in your Magento store easily and efficiently.

Today we are glad to release Subscriptions and Recurring Payments v.1.7. The module has been enhanced with the following features:

  • virtual products support
  • regular price is displayed on category page
  • CIM profile updating after billing or shipping address changing in customer area
  • ability to show ‘First delivery’ calendar at product page

Besides, issues with overdue subscriptions and special price displaying have been solved in the new version of this Magento extension.

Visit the product page of Subscriptions and Recurring Payments to find the complete description of the module and play the demo.

The Automatic Product Callouts Magento extension allows you to organize your top product sets in blocks in any place of your site. With this Magento extension, you will help your customers to make the right choice.

In Automatic Product Callouts v.1.2 that has been released today, AW_All is updated. Besides, new variables (category_ids, current_category_only) are added to block configuration.

Moreover, the updated version has the following bugfixes:

  • native MAP compatibility
  • SQL optimization

Get more information about the Automatic Product Callouts extension on the product page.

Automatic Product Callouts
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Product Updates Notifications
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With the Product Updates Notifications Magento extension, you can keep your customers informed about new products, stock additions or special promotions. It is a perfect tool to increase your sales and profits by bringing back existing customers and registered users to your site.

Product Updates Notifications v.1.2 that has become available has multistore support.

Besides, the following bugs have been fixed in the new version of the module:

  • localization problem
  • e-mail sending issues

Learn more about the extension features on the product page of Product Updates Notifications.

Subscriptions and Recurring Payments – Updated User Guide!

Subscriptions and Recurring Payments
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The user guide for the Subscriptions and Recurring Payments Magento extension has been updated.

The new manual will make work with Subscriptions and Recurring Payments much easier. Now it contains complete description of the extension configuration and functionality, reflecting all the recent changes of the module.

For the avoidance of all possible questions about different price options for subscription products, all the peculiarities are described in a separate subchapter.

The process of managing subscriptions on the customer’s part has become more understandable at all levels.

The new user guide is available for downloading on the product page of the Subscriptions and Recurring Payments extension.

Get the most out of your Magento Store with these Extensions Updates

AJAX Catalog

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Annoying page reloads can be forgotten. With the AJAX Catalog Magento extension, your online store surfing becomes much faster and more convenient because your visitors see the whole list of category products immediately without refreshing the entire page.

Today we’re releasing AJAX Catalog v.1.0.2 with the ‘Back to Top’ button added. It shows up on scrolling down the page and sends the viewer to the top of the page once clicked.

The following bugs have been fixed in AJAX Catalog v.1.0.2:

  • Last product in category is duplicated
  • Ajax Catalog doesn’t show the next page on tag list
  • Locale file is missing

Learn more about the extension features and try the AJAX Catalog demo on the product page.

The long-awaited update for Subscriptions and Recurring Payments is here

Today we are happy to release the new 1.5 version of the Subscriptions and Recurring Payments extensionfor Magento.With Subscriptions and Recurring Payments you can accept recurring payments and sell subscription products in your Magento store more easily and efficiently. The module suits you if you sell products that are purchased with certain regularity: magazines, software licenses, bottled water, or memberships.

You can to sell them as a one-off sale, but your customers can opt to buy a subscription if they wish – and they can do it right from your online store.

The 1.5 version of Subscriptions and Recurring Payments is now compatible with Magento EE and Magento CE

Subscriptions and Recurring Payments v.1.4.1 released

The new version of Subscriptions and Recurring Payments makes the extension compatible with Magento CE 1.4.1. Moreover, not supported payment methods are disabled for subscription products at checkout page, so your customers will see available payment methods only.

In the 1.4.1 version, the following bugs have been fixed:

  • Delivery notice is missed
  • Wrong grand total calculation at Magento 1.3
  • Incorrect work with recurrent payments in multistore with different subscription prices
  • Base Image disappears for subscription product
  • Wrong behavior on subscription prolongation
  • Minor bugfixes

Please, visit the Subscriptions and Recurring Payments page and learn more about this extension.