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Pay by Bank: Recurring payments beyond traditional Direct Debit
Pay & Repeat locks the first payment and recurring mandate in a single flow, removing the risk of a mandate existing without a confirmed first payment.
The cost of payment friction in insurance
Payment friction does not end when the customer completes the first premium step. If the first payment is not properly confirmed, insurers can still face coverage confusion, failed collections and early policy risk. Read our guide to reducing payment failure at policy signup for a deeper look at that moment.
Fixing first-payment failures: The end of blind mandate acceptance
Instead of waiting for a delayed Direct Debit outcome after onboarding, merchants can confirm the first payment upfront through Pay by Bank or relevant local payment methods such as iDEAL and Wero, while creating the Direct Debit mandate for future collections.
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