More successful recurring payments with Network Tokenization
If your customers make periodic payments via credit card – for example with subscriptions, memberships, or other recurring services – you want those payments to continue without interruptions. No failed payments because a card has expired, or declined transactions because a customer has received a new card. That’s why at Buckaroo we are switching from our internal tokenization solution to Network Tokenization for Visa and Mastercard. This increases the success rate of your recurring payments and offers your customers a smoother payment experience.
What exactly is Network Tokenization?
With recurring payments, card details are stored for future transactions. Until now, we did this through an internal tokenization service by Buckaroo. With Network Tokenization, this data is replaced by a token issued and managed directly by the card networks themselves (such as Visa and Mastercard).
These tokens are linked to the cardholder instead of to a specific card. This means they remain active even when a customer receives a new card or the expiration date changes.
This means:
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No interruptions when cards are renewed or expiration dates change. Payments continue automatically without customer intervention.
- More trust from card issuers, resulting in a higher approval rate.
- Higher conversion for subscription payments and less lost revenue.
What does this mean for you as a merchant?
Good news: you don’t have to do anything. Buckaroo will automatically enable Network Tokenization behind the scenes for new recurring credit card payments. You will keep all the benefits of our existing infrastructure, but with a smarter, future-proof solution.
Who does this apply to?
Network Tokenization is relevant for all merchants who process recurring (credit card) payments through Buckaroo. This includes companies with subscription models, recurring service fees, or periodic collections via Visa or Mastercard.
Why this step?
At Buckaroo, we believe that payments should be simple, secure, and conversion-boosting. With Network Tokenization, we build on our existing technology, making it even more powerful and customer-friendly. Fewer failed transactions mean more predictable revenue and stronger customer relationships.
Want to know more?
Keep an eye on the Buckaroo Plaza and our social media channels for updates. You’ll soon also find more information in our Docs environment.