Opus Consulting - Recurring Payments API Template
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API Definition:
Recurring Payment (aka subscription payment) is a flexible payment option provided by the merchants to their customers. Customers can schedule a recurring payment for their subscription by providing the payment details and can utilize this service.
The recurring payment APIs can provide an option to the merchant to setup a recurring payment for their customers. Merchant can also fetch & update the recurring payment setup using recurring setup id.
Business Description:
Recurring payments can help the merchant user to setup flexible recurring/scheduled payments for its end consumer/buyer from the merchant portal. Buyer can opt for the recurring payment option to schedule recurring payment with dynamic frequency (daily/ weekly/ biweekly/monthly etc.) merchant can also update/fetch recurring payment setup and transactions.
Disclaimer:
This asset provides core functionality specific for integrations aligned to the individual processes described. Please consider this as a template for testing and early-stage development purposes, with production availability dependent on individual products and solutions within an individual organization’s existing payments portfolio.
For support and guidance on aligning asset to the production environment and questions related to compatibility with the product, please contact Opus by emailing mulesoftconnector@opusconsulting.com
Use Case:
Here a customer wants to subscribe for merchant services,
Customers can opt for the recurring payment service provided by the merchant. Customers can schedule/setup a recurring payment after every certain duration along with the payment detail & payment amount and a recurring payment service can be utilized.
Reference Diagram: