Business solutions

Tranzzo Monthly Insights

4 min read
Tranzzo Monthly Insights
Setting up recurring payments
Setting up recurring payments

Our team has recently implemented a series of technical updates. Here are the new useful features that make working with payments even easier. 

Now it's even easier to work on a subscription model and receive regular payments from customers. With the help of an API, you can set up all the necessary parameters for automatic charges according to a predetermined schedule:

  • Charging intervals — year, quarter, month, week, day, or any combination of these time intervals.
  • Charging retry attempts — the time after which the system will try to debit funds again if the previous payment did not go through. You can also specify the number of such attempts. 
  • Automatic subscription termination — If required, recurring payments will automatically stop on the specified date.

To get full information about any subscription payment, just send an API request with a recurringId identifier.

Failed payment analytics and tips from Tranzzo

From now on, the Analytics section of the Tranzzo merchant portal has full information about failed payments. Each such operation has a description of the error that prevented the successful completion of the payment. Each type of error has its own recommendation on how to eliminate it.

Data that can be viewed:

  • number of failed transactions by error type
  • the percentage of unsuccessful transactions in relation to the total number of operations;
  • the total amount of payments for each error type.

Multiple-use payment links

From now on, in the merchant portal, you can independently create multiple payment links and accept payments for any amount. The function is available in the Payment links section for projects that have a checkout with an unspecified amount.

How to set up a multi-use payment link:

  1. Specify the name of the link;
  2. Choose your project from the list;
  3. Choose a currency for accepting payments;
  4. Optionally, add variants of recommended amounts;
  5. Provide the URL to go to the payment page;
  6. Add payment description;
  7. Specify the URL of the redirection page after payment.

The finished link is easy to share with customers online or via QR code.

Updates we are preparing for the future

  • Go to the new Tranzzo payment page. Its responsive design, product block and additional options for customization will further increase customer trust;
  • Information about account balances via an API-request.

Follow our news — more interesting things to come!