In daily life many companies take payment for goods and services by direct debit or standing order. These are usually scheduled payments payable weekly, monthly, quarterly or annually. WorldPay has implemented an online version of repeat billing called FuturePay. FuturePay provides an internet based solution where payments are taken periodically by credit or debit card. This is ideal for subscriptions to web sites, online magazines, hosting services... in fact any application where payments are taken by installments.

FuturePay is available as two solutions:

• Solution one allows a fixed payment, which is taken at scheduled intervals
• Solution two allows variable payments, usually billed after the event, when the total value to be charged to a shopper is known

WorldPay can provide you with either of these facilities and manage the scheduled payment process.

Key Features

• Processing managed by WorldPay
• Detailed account reporting
• Transaction notification sent to both shopper and you everytime a payment is processed
• You or the shopper can cancel a scheduled payment at any time
• Your shopper can be given a choice of payment terms and dates
• Ceiling limits can be predefined

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