Recurring Payments

Payments that recur based on a regular schedule, or on-demand, can be handled easily through Dragonpay. While recurring payments have long been available with credit cards, this is relatively difficult to do for debit-based payments and no one has provided a good solution until now.  In a country with only about 5% having credits, but 30% with bank accounts, supporting auto debit from a bank account is crucial.

What are the benefits to using Dragonpay Recurring Payments?

  • Easy to implement — merchants can easily keep track of their monthly recurring payment collections.
  • Simplified — A unified Application Programming Interface (API) allows merchants to accept recurring debits from major local commercial banks without having to deal with each bank individually.
  • Affordable — unlike credit cards which charge a percentage of the amount, Dragonpay charges fixed fees even for recurring payments! This makes it ideal for debiting payments where the amount involved can be big and would otherwise incur large fees if collected via more traditional methods.

Applications that commonly require recurring payments include amortization payments, association dues, utility bills, subscriptions, donations and insurance premiums.

Currently Supported:

  • Credit Cards 
  • Banco de Oro (BDO)
  • Bank of the Philippine Islands (BPI)
  • Metrobank
  • Philippine National Bank (PNB)
  • Chinabank
  • Unionbank
  • Security Bank

Contact us at [email protected] to know more.

If you do not have a Dragonpay Account, you may contact our sales for more information on getting one.