The tool makes it easier for businesses to manage subscription models, recurring fees, rentals or any service that requires periodic paymentsas an alternative to traditional direct debits. To do this, the business only has to register the customer in the administration portal of the TPV Virtual, send you a secure link to register your card and configure the payment plan with the amount, frequency and start date. From that moment on, the system automatically execute charges on the defined dates and makes retries in case of denied operations, increasing the success rate of collections.
The solution offers different types of plans (indefinite periodicals, periodicals with an end date or plans based on a total amount to be divided) and allows you to personalize each installment, simulate amounts, add registration fees or additional concepts or adapt payments to special periods, like vacations. This is very useful for gyms or academies, for example. The business can check the status of collections at any time, review executed or pending operations, modify active plans or deactivate them when necessary from the ‘Virtual POS’ website.
In addition to the management for the trade, the process for the end customer It is agile and safeor, since you receive a link to register your card, you authorize the operation from your entity’s electronic banking and are enrolled in the payment plan, without sharing data with the business and without the need to take additional actions. The solution even allows you to register several cards per customer and use them flexibly according to the contracted plan.
With this functionality, BBVA continues to expand digital capabilities intended for companies, facilitating more efficient collection processes, with less administrative burden and greater financial predictability. Automation avoids common incidents in manual quota management and improves the complete traceability of each operation from the platform itself.
For the end customer, the process is a much friendlier experiencesince it involves a single registration and the assurance that payments will be made on the agreed dates. It is a way to simplify routines and avoid forgetfulness or unnecessary procedures, something increasingly valued in services that are used on a recurring basis.
“Many businesses are already adopting subscription models or recurring charges, and for them to have a system that works in the backgroundwithout technical complicationsit is real support. Being able to register customers in a simple way and letting the tool manage the rest helps free up time and improve the day-to-day life of those who run a business,” said the director of Retail Solutions at BBVA in Spain.Antonio Macías.
