Introduction
In the competitive world of ecommerce, subscription-based products have become a reliable way to secure consistent, recurring payments. For store owners, this business model boosts customer retention and provides a steady cash flow. Running an online store with subscription-based products is an excellent way to build consistent revenue, but it comes with its own challenges. Missed payments, manual renewals, and managing customer churn can quickly become obstacles to smooth operations.
That’s where UPI AutoPay can step in. UPI stands for Unified Payments Interface which automates recurring payments, making the entire process seamless for both you and your customers. No more missed renewals or lost sales—just smooth, reliable transactions that help keep your business running efficiently. You can seamlessly integrate our UPI Mandate solution with existing payment gateways supported by Shopify, such as RazorPay, PayU, Cashfree and more, for enhanced checkout experience for your customers.
Whether you're on Shopify or another platform, adopting UPI AutoPay can streamline subscription management and increase sales by setting up recurring payments. In this blog, we'll cover the key benefits of UPI AutoPay, why it’s essential for subscription-based businesses, and how to implement it using the UPI mandate.
What is UPI AutoPay and How Does it Work?
UPI AutoPay, introduced by the National Payments Corporation of India (NPCI) enables customers to make recurring payments on a regular basis. Now that the UPI AutoPay is here, Shopify businesses can set up automatic payments for subscription-based products or services after a one-time authorization from customers. Using their UPI mandate, the customer buys the Shopify product on the subscription plan. Payments are then automatically taken out of their account on a regular basis.
The process is simple:
- Customers select their Shopify product along with their respective subscription package, and choose UPI AutoPay as the payment method on the checkout page.
- After choosing the payment method, the customers will then approve the UPI mandate.
- The amount is then deducted on the scheduled dates, to make renewals simple and easy.
- If a customer cancels their UPI mandate, their subscription plan on Shopify also gets revoked immediately.
This streamlines the payment process, thereby reducing payment failures, enhancing customer satisfaction, and ensuring steady cash flow for businesses.
Benefits of UPI Mandate for Shopify Store Owners
Automated Payments: The UPI mandate automates recurring payments, eliminating the need for manual renewals or follow-ups. This ensures timely payments, reducing missed billing cycles, and creating a more reliable revenue stream.
Improved Customer Retention: Shopify stores can provide customers a smooth subscription experience with the aid of UPI AutoPay integration. Customers don’t need to worry about manually renewing their subscriptions, leading to fewer cancellations and enhanced customer retention.
Smooth Client Experience: Customers love convenience, and UPI AutoPay offers exactly that. Once the UPI mandate is set, customers don’t need to worry about future payments. This hassle-free process means satisfied clients who are more likely to keep coming back, boosting both loyalty and satisfaction.
Less Time Spent on Admin Tasks: Chasing after payments is time-consuming. With UPI mandates, Shopify store owners can eliminate that burden. Automated payments free up your time to focus on what truly counts—growing your business, serving your customers, and expanding your offerings.
Enhanced Checkout Experience with miniOrange
Visit any shopify store on the internet, for instance, be it a health and wellness store that sells personal care items, and you will find various payment options at the checkout page such as Paypal, along with the option of credit and debit card. Now with the UPI mandate in play, the end users or customers have gained a mode of payment that not only accelerates the checkout process but also provides a seamless checkout experience. Therefore with the addition of UPI mandate as a payment option, you can cater to customers having various payment preferences.
You would wonder how it benefits the Shopify store owner? Well, firstly you need to set up subscription-based products in Shopify in order to allow customers to purchase products on a subscription-based model, only then you can witness the growth and expansion of your Shopify store with increased loyalty and recurring payments.
Look no further than the miniOrange MO - Subscriptions application for Shopify! Our mission is simple, to convert visitors to loyal customers. With our miniOrange Subscription application, you can grow your business in the following ways:
- Allow shoppers to edit, reschedule, skip and cancel subscriptions.
- Create manual subscription orders for specific customers.
- Enable prepaid subscriptions, recurring purchases, and pay-as-you-go options.
- Offer discount codes and percentage discount rates to shoppers.
We still have a lot of features to offer! To know more about our application, miniOrange Subscription application for Shopify, visit this page.
Flawless Compatibility with Shopify Payment Gateways
One of the key factors that contribute to the success of your Shopify store is a seamless checkout experience which is also user-friendly. Enhanced checkout experience is only possible when you provide various payment gateway options to your customers. Our UPI Mandate solution can smoothly integrate with the existing payment gateways supported by Shopify such as RazorPay, PayU, Cashfree and others.
What's the icing on the cake here? It’s a no-code solution! Say no to code changes or complex installations, just enable the UPI AutoPay solution with your existing payment gateway and you are good to go. This solution compatibility with the existing payment gateways, helps you benefit in the form of recurring payments from your customers.
UPI Mandate and Subscription Models: Why It's a Game-Changer
The key to success for a subscription-based business in Shopify is reliable and steady flow of revenue or recurring payments. Managing renewals the manual way or dealing with the failed payments can quickly become a headache or concern, both for you and your customers. That’s where the UPI mandate steps in as a real game-changer.
Just imagine, with just one-click authorization, your clients’ payments are automatically deducted at scheduled intervals. Everything just flows smoothly, allowing you to focus on growing your business on Shopify.
Here’s why it’s a game-changer:
- Higher Customer Retention: Customers are more likely to stay subscribed for a longer period when the payments are automated which drastically eliminates the chances of missing or cancellation of payments which helps avoid the churn that can disrupt your revenue.
- Smooth Payments: Customers need not remember to log in and pay the traditional way on your Shopify store, the payment process is effortless, it keeps them happy and content.
- Predictable Revenue: Knowing payments will come in on time means you can forecast your revenue more accurately.This gives you the confidence to plan ahead and invest in scaling your Shopify business.
Case Study: UPI Mandate Success Stories
Businesses witnessed spectacular results, thanks to UPI AutoPay, especially Shopify businesses such as streaming services and fitness apps. Many businesses struggled to generate recurring payments due to missed or failed payments, before the adoption of UPI mandates. But, with the aid of UPI AutoPay integration, they have experienced easy renewals, reduced churn, and enhanced customer retention in Shopify.
To enjoy uninterrupted services, customers no longer had to renew manually, while businesses such as OTT platforms experienced surplus cash flow and fewer payment issues. This seamless system has helped boost revenue, recurring payments and enhance customer satisfaction for businesses offering subscription-based services or products.
Conclusion
Integrating UPI AutoPay into your subscription-based Shopify store is more than just a convenience—it’s a strategic move to boost customer retention, streamline payments, and drive consistent revenue. By automating recurring payments through the UPI mandate, you remove the hassle of manual renewals, ensuring smooth, timely transactions for both you and your customers. Whether you are managing a Shopify store or offering digital services, UPI AutoPay simplifies the payment process, reduces churn in revenue, and builds stronger customer loyalty, therefore customers are more likely to keep coming back to your Shopify store for more.
Ready to elevate your Shopify store?
To get a seamless shopping experience, get in touch with our team today!
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