Account Updater
Update Credit Card Info Before It Expires
RapidCents Account Updater solutions automatically updates your customer’s credit card information if they are about to expire. This will reduce upto 80% of customer service calls and helps channel that time to develop your business.
What is an Account Updater?
Imagine you have a subscription with a streaming service that takes the payment from your credit card in regular intervals. If your credit expires during this, you will have to manually update your credit card information in order to continue using the service. With RapidCents Account Updater your customers will have their stored credit card information updated automatically when their old credit card expires.
- Increase your customer retention by 85%
- No need to send reminders anymore
- Prevent declined credit card payment
Lifespan of a Credit Card
Credit cards have a shelf life, and it’s not long. In fact, most cards expire within three years, which means that every month, approximately 3% of card-on-file payments are linked to expiring cards. This can be a headache for merchants who risk losing out on sales if they have to reach out to cardholders for updated credit card information. Fortunately, our account updater service through Converge takes care of this hassle for you. With our service, merchants can manage cardholder account information changes without ever having to contact the cardholder directly. This not only saves time and effort, but it also ensures that you don’t miss out on current and future sales.
Providing transparent and effortless account updates to all registered recurring payment or card-on-file cardholders.
Mitigate the risk of credit card payment declines and late payment fees.
Improve cardholder satisfaction.
No service interruption.
Why Your Business Should Have Account Updater
For merchants who handle recurring payments or store credit card information, updater services are a game-changer. Whether your business deals with routine service or subscriptions, keeping credit card information up-to-date is crucial for timely payments. An expired credit card can cause payment delays and unpaid invoices, but credit card account updaters can automate the process and ensure your business’s invoices are paid on time, every time.
Increased authorization approvals
Our advanced system ensures increased success rates, optimizing your business’s payment processes effortlessly.
Reduced service cancellations
Say goodbye to service cancellations as we ensure seamless payment processing and minimize disruptions to your business.
Secure account-file transactions
Streamline your account-file transactions with RapidCents’ secure platform. Enjoy peace of mind as your sensitive data remains protected during every transaction.
What Our Clients Say
FAQs
The Account Updater service operates based on the expiry dates on the customer’s credit card. Once the customer gets a new credit card, the new credit card information will be updated automatically.
Yes, RapidCents will provide notifications to inform the customer about any updates made to their account information through the Account Updater service.
Certainly! You have the flexibility to opt out of the Account Updater service at any time.
There are no additional fees to use the account updater feature provided by RapidCents.
To start using the Account Updater service by RapidCents, simply sign up for an account, and follow the instructions provided to integrate the service into your existing setup. Visit our help section for further assistance.
The Account Updater service offered by RapidCents is a feature that automatically updates your customer’s credit card account information to ensure smooth and uninterrupted transactions.
RapidCents’ Account Updater service works by securely retrieving and updating your customer’s account information from various card networks and financial institutions.
Absolutely! RapidCents prioritizes data security and uses advanced encryption and security protocols to safeguard your customer’s sensitive account information.
Yes, you have full control over the accounts you want to include in the Account Updater service. You can select specific accounts or opt to include all eligible ones.