Recurly
Encyclopedia
Recurly is a software as a service
company that provides recurring billing management as an outsourced service. Founded in September, 2009 and made available as a public beta in January, 2010. Companies with subscription business model
s commonly encounter errors from payment gateway
s, acquiring bank
s, issuing bank
s, or credit card association
s. Recurly remediates credit card payment errors on behalf of merchant customers, and automates customer communications related to subscription billing.
In July, 2010, Recurly raised $1.6MM in seed fundraising, led by Polaris Venture Partners
, and a number of individual angel investors
Recurly is a Level 1 PCI-DSS compliant service provider.
Software as a Service
Software as a service , sometimes referred to as "on-demand software," is a software delivery model in which software and its associated data are hosted centrally and are typically accessed by users using a thin client, normally using a web browser over the Internet.SaaS has become a common...
company that provides recurring billing management as an outsourced service. Founded in September, 2009 and made available as a public beta in January, 2010. Companies with subscription business model
Subscription business model
The subscription business model is a business model where a customer must pay a subscription price to have access to the product/service. The model was pioneered by magazines and newspapers, but is now used by many businesses and websites....
s commonly encounter errors from payment gateway
Payment gateway
A payment gateway is an e-commerce application service provider service that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. It is the equivalent of a physical point of sale terminal located in most retail outlets...
s, acquiring bank
Acquiring bank
An acquiring bank is the bank or financial institution that processes credit and or debit card payments for products or services for a merchant. The term acquirer indicates that the bank accepts or acquires credit card transactions from the card-issuing banks within an association...
s, issuing bank
Issuing bank
An issuing bank is a bank that offers card association branded payment cards directly to consumers.-Detail:The issuing bank assumes primary liability for the consumer's capacity to pay off debts they incur with their card....
s, or credit card association
Card association
A card association is a network of issuing banks and acquiring banks that process payment cards of a specific brand.-Examples:Familiar payment card association brands include Visa, MasterCard, American Express, Discover, Diner's Club, and JCB. Visa, MasterCard and American Express issuers co-brand...
s. Recurly remediates credit card payment errors on behalf of merchant customers, and automates customer communications related to subscription billing.
In July, 2010, Recurly raised $1.6MM in seed fundraising, led by Polaris Venture Partners
Polaris Venture Partners
Polaris Venture Partners is a venture capital firm specializing in seed and early stage investments particularly in companies engaged in the information technology and life sciences sectors....
, and a number of individual angel investors
Recurly is a Level 1 PCI-DSS compliant service provider.
Competitors
- Aria Systems
- ChargifyChargifyChargify is a privately held software as a service company that offers a recurring billing application for SaaS and Web 2.0 companies.- History :...
- PayPalPayPalPayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....
- Spreedly
- VindiciaVindiciaVindicia is a B-to-B-to-C cloud computing, SaaS marketing, billing and CRM platform company headquartered in Belmont, California, USA that provides digital merchants with an online recurring billing and subscription management platform. Vindicia works with digital leaders selling subscriptions or...
- Zuora
- Seededition.com
External links
See also
- Subscription business modelSubscription business modelThe subscription business model is a business model where a customer must pay a subscription price to have access to the product/service. The model was pioneered by magazines and newspapers, but is now used by many businesses and websites....
- Payment gatewayPayment gatewayA payment gateway is an e-commerce application service provider service that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. It is the equivalent of a physical point of sale terminal located in most retail outlets...
- Merchant accountMerchant accountA merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of credit card and/or debit card transactions...
- Electronic commerceElectronic commerceElectronic commerce, commonly known as e-commerce, eCommerce or e-comm, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, the term may refer to more than just buying and selling products online...
- Payment service providerPayment Service ProviderA payment service provider offers merchants online services for accepting electronic payments by a variety of payment methods including credit card, bank-based payments such as direct debit, bank transfer, and real-time bank transfer based on online banking...