There has been a major disruption in the recurring payments space with the recent changes in
the regulatory framework. Aimed at safeguarding the interests of consumers, the new RBI
guidelines stipulate that recurring payment transactions valued at INR 5000 or below will
not require Additional Factor Authentication (AFA), but transactions above this cap shall be
subject to AFA irrespective of merchant category. Furthermore, a pre-debit notification must
be sent mandatorily to customers, intimating them of the debit at least 24 hours in advance.
On receiving this pre-transaction notification, customers can continue with the recurring
payments or choose to cancel the e-mandate for the recurring transaction before the debit to
the card. CCAvenue reacted swiftly to these regulations on recurring payments and
incorporated the necessary changes to ensure strict adherence to the new rules.
Get the Competitive Edge with CCAvenue Subscriptions
With the speedy implementation of these guidelines, CCAvenue
empowers your business to continue offering recurring payment options to customers
without hassles. Your recurring payment transactions will enjoy the highest success
rates, while meeting all the norms set by RBI. Most importantly, CCAvenue takes care of
all the payment complexities you could face, regardless of the nature and size of your
subscriptions business. CCAvenue Subscriptions facility caters effectively to virtually
any business model offering the recurring payments option, such as payment collection
for magazines, newspapers, OTT platforms, software solutions, insurance, mutual funds,
educational fees, loan EMIs and utility services.
SI Mandates
Our Subscriptions module allows merchants to manage standing instructions (SI) mandates
of their customers via the CCAvenue platform. The customer provides the standing
instructions to his issuing bank and other entities permitting them to automatically
debit the specified amount from his bank account on a recurring basis. SI mandates are a
hassle-free, convenient and efficient mode of collecting recurring payments from
customers.
An SI mandate can be created by Fixed or On-Demand methods based on the nature of
payments as described below.
Fixed SI
In this SI method, a fixed amount is charged at every fixed cycle.
The merchant also knows beforehand how many times the
customer is going to be charged. Fixed Mandates are internally managed by CCAvenue
as per the schedule defined at the mandate registration stage.
On-Demand SI
In this SI method, the merchant charges the customer as and when required. The
customer would be charged only when the merchant manually triggers the charge by
calling the relevant API. This method can be availed for recurring transactions
where the charges vary based on usage, number of users, etc.
Best-in-Class APIs
Our powerful and versatile APIs gives you huge flexibility to create and integrate
payment scenarios that best suits your business needs.
Edge Case Handling
CCAvenue Subscriptions facility enables you to effectively manage edge cases such as
card replacement, retries and email notifications.
Our New Process
CCAvenue implemented the necessary changes to ensure strict adherence to the new RBI rules.
The SI creation procedure
continues to be the same as before with the mandate for credit card/debit card being created
and registered with
CCAvenue in real-time with 2FA validation through a 3D Secure flow.
If the charge amount is less than INR 5000, then for subsequent charges, a pre-debit
notification call will be sent
either by the merchant or CCAvenue to the cardholder 48 hours to 7 days prior to the actual
charge (as required by the
banks). Before initiating the authorization request for the mandate registered, the system
will confirm that the
notification has been sent to the card holder and verify that the e-mandate is still active.
For all card BINs that have not been enabled by the issuing banks for the SI facility, where
the charge amount is
greater than the threshold of INR 5000, or if the capping on the charge amount set at
creation exceeds this limit, the
payment can be collected via an invoice payment link using the 3D Secure Flow.
Now collect recurring payments from your customers on-time, every time with CCAvenue
Subscriptions facility!