Variable Recurring Payments
The Smarter, Flexible Way to Pay
Leverage Open Banking-powered Variable Recurring Payments (VRPs) to collect recurring payments with instant settlement, and reduce your operational costs.
The VRP Solution: A better way to pay
Traditional payment methods weren’t built for the modern digital economy. They create friction, increase costs, and lead to lost revenue. VRPs solve these challenges by offering a faster, more reliable, and secure payment experience through Open Banking.
Instant payments & faster funds
VRP transactions settle in real-time, giving you immediate access to your funds.
Higher payment success
Eliminate failures from expired or blocked cards, and use real-time balance checks to prevent declines, all resulting in improved payment success rates.
Lower transaction costs
Bypass traditional card networks and significantly reduce transaction fees.
Enhanced security & trust
Customers approve mandates in their secure banking app, reducing fraud and chargeback risk.
Improved customer experience
Offer a modern ‘Pay by Bank’ solution with full transparency. Mandates are customer-approved and long-lasting, meaning payments are collected seamlessly.
Dynamic & flexible
Adjust payment amounts and schedules in real-time without needing new mandates.
VRPs for modern business models
VRPs are ideal for any business that needs flexible, secure, and cost-effective recurring payments.
Financial services
Ideal for loan repayments and insurance premiums, whether amounts and frequencies are fixed or variable.
Subscription services
Effortlessly manage dynamic pricing, promotional adjustments, and usage-based billing without requiring customers to re-authenticate for payment charges.
Utility providers
Handle variable billing amounts for seasonal consumption without the operational complexity of Direct Debits.
A simple & secure customer journey
The customer selects the ‘Pay by Bank’ option at checkout to initiate the process.
They are securely redirected to their mobile banking app to approve the mandate with Face ID or fingerprint.
The VRP mandate is now active, and you can collect payments according to the agreed limits and schedule.
Why choose Acquired.com for VRPs?
We provide a powerful, unified platform to optimise your entire payment strategy.
One API, every payment covered
Streamline operations with a single integration for cards, open banking, direct debit, and payouts.
Optimised for recurring payments
Intelligent collections engine that improve authorisation rates, reduce customer churn, and keep your cash flow strong.
Proactive payment recovery
Automatically identifies and recovers failed transactions with smart re-attempts and guided customer prompts - reducing manual effort and boosting retention.