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Variable Recurring Payment

The Smarter, Flexible Way to Pay

The VRP Solution: A better way to pay

Traditional payment methods weren’t built for the modern digital economy. They create friction, increase costs, and lead to lost revenue. VRPs solve these challenges by offering a faster, more reliable, and secure payment experience through Open Banking.

Instant payments & faster funds

VRP transactions settle in real-time, giving you immediate access to your funds.

Higher payment success

Eliminate failures from expired or blocked cards, and use real-time balance checks to prevent declines, all resulting in improved payment success rates.

Lower transaction costs

Bypass traditional card networks and significantly reduce transaction fees.

Enhanced security & trust

Customers approve mandates in their secure banking app, reducing fraud and chargeback risk.

Improved customer experience

Offer a modern ‘Pay by Bank’ solution with full transparency. Mandates are customer-approved and long-lasting, meaning payments are collected seamlessly.

Dynamic & flexible

Adjust payment amounts and schedules in real-time without needing new mandates.

VRPs for modern business models

VRPs are ideal for any business that needs flexible, secure, and cost-effective recurring payments.

Financial services

Ideal for loan repayments and insurance premiums, whether amounts and frequencies are fixed or variable.

Subscription services

Effortlessly manage dynamic pricing, promotional adjustments, and usage-based billing without requiring customers to re-authenticate for payment charges.

Utility providers

Handle variable billing amounts for seasonal consumption without the operational complexity of Direct Debits.

Why choose Fintechmatrix.com for VRPs?

We provide a powerful, unified platform to optimise your entire payment strategy.
1

One API, every payment covered

Streamline operations with a single integration for cards, open banking, direct debit, and payouts.

2

Optimised for recurring payments

Intelligent collections engine that improve authorisation rates, reduce customer churn, and keep your cash flow strong.

3

Proactive payment recovery

Automatically identifies and recovers failed transactions with smart re-attempts and guided customer prompts – reducing manual effort and boosting retention.

Settlement – accounts

Leverage Open Banking settlement accounts to unlock additional benefits
Instant refund and payouts: Improve your customer’s experience by giving them access to their money instantly.
Real-time payment confirmation: Receive instant settlement confirmations for every payment, providing the assurance needed to ship goods and services.
Auto-reconciliation: Simplify your business operations, eliminating the headache of manual reconciliation processes.