Enabling merchants to easily create a curated list of subscription products and services
We are pleased to announce the beta launch of the Recurring Payments feature for Crypto.com Pay merchants. This new feature enables merchants to introduce subscriptions for their products and services, and accept periodic payments from customers seamlessly and at no additional cost.
This enhancement is an entirely automated process which is different from what the industry currently offers. Once set up by the customer, all subsequent recurring payments will be deducted directly from a designated Crypto.com App wallet until the end of the subscription period, allowing more convenience and flexibility to both the merchants and customers.
Merchants can create a curated list of subscription products and services, as well as configure sale prices and billing periods via their Dashboard. Customers can then settle payments in over 20 cryptocurrencies, including BTC, ETH, DOGE, LTC, USDT, and CRO through the Pay feature in the Crypto.com App.
Since launching in 2018, Crypto.com Pay has helped merchants such as TIME Magazine, Ledger, Coinzilla, as well as platforms such as WooCommerce and Oveit tap into the global cryptocurrency economy and accept crypto on their website. Crypto.com Pay features zero transaction fees and only 0.5% for settlements—an 80% saving on fees compared to typical payment processors. The integration only takes minutes for merchants to complete.