Recurly is a Subscription Management & Recurring Billing Platform.
Feature |
Paystand
|
Recurly
|
---|---|---|
Pricing | Subscription based on annual volume processed through the system. |
Recurly's pricing plans charge on a per-transaction basis, % of revenue, and a base monthly fee. A per-transaction fee will be assessed against successful payments, refunds, voids, authorizations, and declines. Recurly does not charge for transactions that failed due to a gateway connection issue. Additional fees apply for using specific optional features (e.g. manual invoicing, Salesforce integration and multi-currency support). The second plan, dubbed the “Professional” plan ($1M-$25M) cost $299 per month and charges 1.25% plus $0.10 fee per transaction plus a $1.00 fee per invoice generated. It is important to note that Recurly is a third-party service, so its fees will be billed in addition to a merchant’s existing merchant account fees and pricing. Additional and ongoing revenue billed at 0.9% if threshold is passed for current pricing tier. Merchant bank account is required. Other fees apply including merchant bank account fees and payment gateway fees. Fees may apply to import existing cards/customers. |
Integration | Native SuiteApp - NetSuite is one-source-of-truth, no syncing back and forth as everything lives natively inside of NS. |
Synchronize key subscription billing data to automatically update accounts receivable and enable revenue recognition. Increase efficiency and accuracy by eliminating manual export and import. |
Credit Card Rate | 2.39% + $0.30 per transaction (plus ability to pass over to payer if desired) |
Offers through 3rd-party partners (2-3 days to clear): Ayden: 2.5%-3.9% + $0.30/txn depending on card type Amazon Pay: 2.9% + $0.30/txn Authorize.net: 2.9% + $0.30 (plus $25/month) Bambora: 2.8% + $0.30/txn Braintree: 2.9%+ $0.30 CardConnect: 2.57% + $0.10/txn Chase Paymentech: 2.9%-3.5% + $0.10-$0.25/txn CyberSource: 2.6%- 3.5% + gateway fees Merchant eSolutions: 2.69%-5.19% + $0.30-$0.50/txn (plus $30-$64.95/month) Paypal Pro: 2.9% + $0.30 (plus $30/month) Payflow Pro: 2.89% + $0.49/txn (plus $30/month) Payeezy: 2.9% + $0.30/txn (plus $19.95/month) Stripe: 2.9%+ $0.30/txn TSYS: 3.1%-3.5% + $0.20/txn Worldpay: 2.7%-3.3% + $0.30/txn |
ACH Rate | $0.35 per transaction (plus ability to pass over to payer if desired) |
Supports ACH transactions through their integration with Check Commerce, GoCardless, & Ayden. ACH is available for customers who are domiciled in the United States. 5 days for funds to clear. Check Commerce: Standard Check Commerce accounts are limited to $5,000/transaction, but merchants may be approved for higher limits Ayden: $0.37 per transaction (plus Recurly's 1.25% + $0.10/txn) = Total of 1.25% + $0.47/txn GoCardless: 1% + $0.25/txn ($2.50 max) + 0.3% on transactions $1,000 and up. |
Free Payment Option | Paystand's Bank-to-Bank Network (0.00% + $0.00 per transaction) | None |
Fee Management |
Paystand offers two options, Convenience Fees and our Credit Incentivization Feature. Convenience Fees actually passes the fee along to the payer to motivate them to move over to more cost-effective options. Majority of our customers do this and pass over a 3% fee to create an additional source of revenue to cover the cost of the monthly subscription fee. The Credit Incentivization Feature allows you to instead offer a 1% credit on the current or next invoice if they choose to pay with Bank-to-Bank instead of CC, which would end up saving you the 1.39% you would have ended up paying had they paid through CC (originally 2.39%.) |
No fee management information found. |
Automatic Reconciliation | Yes, all reconciliation for payments made through Paystand is done automatically. | Not with NetSuite. Only offers with Quickbooks & Xero. |
Payments Interface | Completely customizable to your brand, with smooth customer experience, modern UI/UX, partial payments, and real-time balance updates. | Requires custom development to brand, modern UI/UX. |
Click-to-Pay on NetSuite Invoices | Auto-Embedded within new or existing NetSuite templates & workflows. | Embedded within new or existing NetSuite templates & workflows. |
Cash Application | Real Time: payment records written to NetSuite instantly to auto-update the balance on the invoice. |
None, there is no auto-cash application functionality with Recurly. |
Customer Statements | Enable your customers to view and pay multiple invoices/account balance with a few clicks, payment records automatically written to corresponding invoices. | Automate invoicing accurately across plan purchases, renewals, and changes using a variety of billing options. Allows customer personalization and eliminates manual processes. |
Automated Payments | Create advanced & automated recurring billing schedules for any required configuration (monthly, quarterly, net terms, installments, usage based, etc) directly within NetSuite environment. |
Offer Auto and Recurring billing, their recurring revenue model is so powerful because it provides subscribers with convenience and access, via a pay-as-you-go model. |
PCI Compliance | Funds-on-file are automatically tokenized in a PCI Compliant manner, relieving your team of PCI Compliance restrictions. |
Yes, Recurly is PCI-DSS Level 1 compliant as a service merchant provider. |
3rd-Party Required | None |
3rd party gateway Integration with ERP allows Payment Gateway. |