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Delinquency is one of the biggest challenges faced by major companies in essential recurring service sectors such as telecommunications, education, and utilities. To address these challenges, automatic recurring payments have become a tool that not only enhances the end-user experience but also significantly reduces collection-related costs.
Bemobi’s payment solutions maximize the success of recurring transactions through advanced algorithms that analyze payment failures and offer quick solutions. This approach not only ensures payment continuity but also delivers a superior customer experience.
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One of the standout features of Bemobi’s recurring payments is intelligent retries in the event of a failed transaction. This solution maximizes conversion while offering a broad range of payment methods tailored to user preferences.
For instance, if a client faces issues with limits or insufficient balance during a specific month, the algorithms reassess the transaction to determine if an error occurred. If the situation persists, solutions are proposed, such as the option to use an alternative payment method or an instant payment system like Pix.
This flexibility not only resolves occasional failures but also contributes to the long-term success of recurrence strategies. According to Bemobi's internal data, this solution increases payment conversion rates by 15% to 20%, a significant impact for any business.
If you're interested in learning how to implement an effective recurring payments strategy, we recommend this article: Recurring Payments: Effective strategies for business growth
With the continuous growth of the subscription market and the adoption of automated payments, recurring payments will play a crucial role in the digital economy.
At Bemobi, we specialize in recurring payments for essential service industries, offering the best recurrence engine in the market to boost payment conversion and provide a cost-free financing model for merchants. If you need more information, please fill out the form below, and we’ll be happy to contact you shortly.