Zuora, a company created to support the online subscription market, has announced the release of its second product, Z-Payments.
The company claims that Z-Payments is the first complete payment solution built for subscription businesses. As part of this announcement, Z-Payments will come pre-integrated with the ability to accept
PayPal
payments, said Zuora. This combination allows subscription businesses to offer their customers flexible and secure online payment options, manage the complexities of collecting recurring subscription payments, and ultimately get paid faster, added Zuora.Z-Payments reportedly helps subscription companies automate the complexities associated with recurring payments all in one complete solution. Subscription businesses now have the ability to: handle multiple payment methods including checks, wire transfers, credit cards, and
PayPal
; automate exception handling around any payment issue; and notify customers when their credit card is about to expire and send out suspension warnings for overdue accounts, said Zuora.
Tien Tzuo
, founder and CEO of Zuora, said: "Zuora is entirely focused on creating products that help companies build, manage and grow subscription businesses. As it turns out, one of the major pains facing a subscription business is getting paid on time, every time. To solve this problem, we teamed up with
PayPal
to create our new Z-Payments product."
