Token Payments Posts

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edge solutions for eCommerce businesses, we are destined to revise constantly what’s on the agenda today and what’s outdated even if it was widely spread yesterday.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?