With the rise of monthly subscription boxes, setting up a subscription-based service is a growing and viable way to start an eCommerce business. Even if your business isn’t specifically focused on a subscription service, you may still find yourself in need of an additional tool to set up recurring payment options on your website. So what’s a tool that would be easy to implement onto your website with minimal stress to your already busy days? Your answer is PayWhirl.
PayWhirl – Essential for Your Business’ Recurring Payments
PayWhirl, which was launched in 2013, has been around for a long time and is a good option for accepting recurring payments. Despite their lofty claim to be “the most versatile subscription payment app on the planet,” the tool has a range of valuable features:
- Payment pages that can be inserted into a website
- Purchases can be made using a credit card or even a bank account.
- Support for a variety of payment processors is available.
- A payment portal with an API
It has a bit of a learning curve, and it has more options than you’ll ever need, maybe because it’s been around for almost ten years.
PayWhirl makes setting up and managing recurring payment plans online effortless. It eliminates the time and effort required to code all of the pages that allow your customers to subscribe to services, make payments, create customer accounts, and manage their data.
Anyone with an existing website can set up a PayWhirl widget or payment form in a matter of minutes and begin collecting recurring payments right away. In contrast, custom development can take weeks or months to complete.
What is PayWhirl Recurring Payments?
PayWhirl is a lightweight and straightforward app that makes it easy to set up recurring payments. You can use it for free for a limited number of features and for a limited time on Shopify. It has a stunning and user-friendly interface. Moreover, its features are simple to use and work as a terminal plugin that does not need redirection.
This Shopify app operates seamlessly with minimal troublesome bugs. Subscriptions, pre-orders, and other services are available via Paywhirl. It can be easily incorporated with Shopify and offers a free trial, making it an excellent way to try out the app.
Additionally, the app provides excellent customer service and technical assistance. The customer service team is highly attentive and competent, and they typically respond quickly.
Paywhirl’s pro edition includes advanced metrics such as LTV, MRR, and much more. Payment widgets are built into the app. It is undoubtedly an excellent option for businesses and corporations looking for recurring payment and billing applications.
Can You Accept One-Time Payment With PayWhirl?
Yes, there are many options within PayWhirl to do this. You can use a payment form embed code to sell a one-time product or service, for example, or you can build payment plans of just one installment. You can also apply for one-time (or recurring) payments on any invoice in your account that has not been billed.
For more ways to optimize your customer’s shopping experience, check out: Snipcart: The Easiest Way to Quickly Integrate a Shopping Cart to Any Website in 5 Minutes
PayWhirl Features
The following are the features of this impressive eCommerce tool:
Recurring Billing and Subscription
PayWhirl is built at its core for subscription payments. PayWhirl is the toolset you need to excel if you run a subscription-based company.
One-Time Payments
This app’s intelligent shopping cart feature can distinguish between subscriptions and single-payment products, allowing customers to pay for both at the same time.
Credit, Debit, ACH
When you use PayWhirl, you can use all of the popular credit card brands. It allows your customers to connect their bank accounts and pay with an electronic check directly.
Embed Payment Widgets and Checkouts
To start taking recurring payments for subscriptions, you don’t need to know how to code. Simply copy and paste our widgets into your current website, and you’re ready to go!
To create a custom checkout funnel, connect widgets together. You customize everything to match your company’s identity.
Customizable Emails and Invoices
Take command of the customer’s communication. You can edit both invoices and emails sent out by the app’s system in both text and HTML. PayWhirl has elegant default templates that you can use if you don’t want to get your hands dirty.
Track Your Recurring Revenue
Keep track of the MRR (Monthly Recurring Revenue), ARR (Annualized Run Rate), and sales metrics. PayWhirl provides statistics that are tailored to subscription companies and recurring payments.
Gain New Customer Insights
Get instant access to the customer lifetime value (LTV), as well as the mean, median, and mode LTVs, revenue by location, and customer churn.
Predictive Growth and Forecasting
Calculate where your company is going in the future by looking at your growth rate, churn rate, and revenue trends. Check to see if you’re on the right track.
Secure Gateway Connections
For you and your customer’s protection, PayWhirl uses SSL encryption. Per connection into and out of the app is encrypted using the TLS 1.2 cryptographic protocol, which complies with existing PCI security requirements.
Save Payment Methods, Securely
On its servers, PayWhirl never stores credit card numbers or any confidential payment method information. Instead, it employs encrypted tokens that can only be decrypted through the gateway. This way, the app does not have access to all of the customers’ personal information, further protecting your customers.
PayWhirl and BigCommerce: How Does It Work?
On BigCommerce, PayWhirl Recurring Payments makes it easy to build and maintain subscriptions, payment schedules, and automated invoicing.
It removes much of the custom creation needed to build the different sites that allow your customers to subscribe to payment plans, login, maintains their own subscriptions, credit/debit cards on file, addresses, and profile details, among other things.
Your customers will be able to log in and manage their own details, see their billing history, and make adjustments to their account using PayWhirl + BigCommerce. Customers can also appreciate the ability to add and delete payment schedules, update card information on file, store various addresses and accounts, view upcoming payments, and more. You can do all of this without having to call someone else outside of your team, saving you both time and money!
As the administrator or employee, you may also use your customers’ stored credit card details to place additional orders for goods or services in BigCommerce as appropriate.
You can relax knowing that PayWhirl’s cloud-based, flexible platform is handling the monthly billing.
Another way to improve your sales conversion rates is to use an app such as Frequently Bought Together
PayWhirl Pricing Details
PayWhirl is an affordable solution for ecommerce business owners to accept recurring payments. Currently, PayWhirl offers five different packages, depending on the features each package contains. Let’s have a look at the pricing details of each package:
Starter
PayWhirl offers a Starter package with limited features free of cost.
Business Pro
Business Pro plan is perfect for businesses processing up to $5,000 per month. The price of this plan is $49 per month.
Business Plus
Business Plus plan is best for businesses processing up to $8,000 per month. The price of this plan is $149 per month.
Business Ultimate
Business Ultimate is best for businesses processing up to $10,000 per month. The price of this plan is $249 per month.
Enterprise
An enterprise plan is a custom plan with no specified charges. You will have to contact PayWhirl in order to opt for the Enterprise plan.
What about the transaction fee?
The transaction fee is a percentage of any transaction processed by PayWhirl that you must pay. You will be charged a transfer fee from your gateway service provider in addition to transaction fees (Stripe, Square, PayPal, Authorize.net, etc.).
What if you need to cancel?
Lucky for you, PayWhirl does not ask you to sign a contract in order to use it (other than terms of service). From inside your PayWhirl account settings, you can export your data and cancel your account at any time.
The app offers a 14-day free trial with the purchase of every paid plan (Pro, Plus, or Ultimate). They also won’t ask for a credit or debit card until the completion of your free trial period. If you choose one of the paid plans, you will be only required to enter a credit card after your trial period has ended. If you’re on the Starter package, you’ll never have to email your credit card details. You basically pay a percentage of each transaction that is completed successfully.
Finally, since your account will be set up to use the PayWhirl Test Gateway, you will be able to run test charges and see if everything works seamlessly before connecting your live payment gateway.
Pros and Cons of PayWhirl
Pros
- Payments may be made through a credit card or by an automated clearing house (ACH)
- Digital goods and services
- Powerful admin dashboard with telling insights
Cons
- High-priced for greater needs
- Primarily USA Focused
Final Verdict
Paywhirl is an essential and powerful app for setting up recurring payments. Luckily for the beginner ecommerce expert, you can download it for free with a limited number of functions and for a limited time on Shopify. Paywhirl has a stunning and user-friendly interface. Paywhirl’s features are easy to use and use a terminal plugin that does not need redirection.
I hope now you are familiar with PayWhirl and all of its features. No doubt, a lot of businesses have seen many benefits from this app. If you want to excel in your business, consider this recurring payments app for better results!
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