Reepay has been acquired by PSG Equity 🎉

Today is a big day for us. Reepay has been acquired by PSG Equity and now billwerk has become our sister company. The combination of Reepay and billwerk is expected to create a scalable subscription management and payment software product suitable to service businesses of all sizes, ranging from SMBs, SMEs to global enterprise stage companies all over Europe. Read the full article on Business Wire.

It is important for us to tell you that this news is not going to affect either our customers or partners. The entire Reepay team will continue working in Reepay including our founders Ole and Robert. We will also strive to continue to be the agile company that we are today. In a few words, business as usual.

Who is billwerk?

billwerk was founded in 2015 by Dr. Ricco Deutscher and his Co-Founders. With its subscription management platform, billwerk reliably provides a significant part of the digital value chain for recurring business models. 

billwerk employs 67 employees across its headquarters in Frankfurt, Germany, and offices in Minsk, Belarus, and Gdansk, Poland. Its subscription management platform is currently used by several hundred midsize and enterprise customers as well as fast-expanding start-ups across Germany, Switzerland, and France, with a growing presence in other European regions including the Nordics and Benelux.
To learn more about billwerk, visit https://billwerk.io/.

Who is PSG?

PSG is a growth equity firm that partners with middle-market software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams.

Having backed more than 85 companies and facilitated over 325 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, and London. To learn more about PSG, visit www.psgequity.com.

PSD2 and Strong Customer Authentication

The deadline for PSD2 is approaching, which means Strong Customer Authentication (SCA) will become mandatory within the EU. Danish issuers will require SCA by January 11, 2021. For details on PSD2 and SCA see: https://docs.reepay.com/reference#strong-customer-authentication

Reepay will make sure all accounts are ready for SCA by enabling 3D Secure and/or Secured by Nets on those accounts not already using SCA.

The newest version of 3D Secure (version 2) supports a frictionless authentication flow, where the customer is not presented with any challenges (two-factor authentication). For issuing banks to make a decision on whether a frictionless authentication can be granted, they will need information about the customer and the context of the payment. Some of this data is provided by Reepay, e.g. customer browser information, but some of the data needs to be provided by you the merchant. 

The data is not mandatory, but we urge you to consider sending the additional information to maximize the chance of a frictionless authentication flow. For details on sending SCA data see: https://docs.reepay.com/reference#strong-customer-authentication

Merry Christmas, Reepay

Checkout optional save card

It is now possible to let the customer choose whether to save card in a charge session instead of fixing this for the session with the recurring parameter. When creating a session the following parameters can now be used:

  • recurring_optional - If defined it will be the default selection for a save card checkbox. That is, if set to true the option will be default selected, and vice versa for false.
  • recurring_optional_text - Can be used to control the label for the checkbox. The default is "Save card".

Example with recurring_optional=true and the default label:

If the customer chooses to save card, the payment_method parameter will be returned from the session and the charge object (https://reference.reepay.com/api/#the-charge-object) will have the attribute recurring_payment_methodFor details see the create charge session API call: https://docs.reepay.com/reference#createchargesession

Cheers, Reepay

Apple Pay

We now support one of the best payment methods for fast checkout and better conversion.

Apple Pay is a mobile payment and digital wallet service by Apple Inc. that allows users to pay online and in person. With our new integration for Apple Pay, you can increase your conversion by offering the extremely simplified payment experience, that Apple Pay provides.

We do not charge you any additional cost for the use og Apple Pay. You only pay your existing payment gateway and acquiring fees.

Activate Apple Pay today by logging in to your Reepay Dashboard and follow this guide: https://intercom.help/reepay/en/articles/3328290-how-to-configure-apple-pay

Cheers, Reepay

SCA support in hosted pages and Reepay Token

In preparation for the coming PSD2 regulatory changes (September 14th), Reepay hosted pages and Reepay Token now supports Strong Customer Authentication (SCA) (3D Secure and Dankort Secured by Nets).

No action is required by you as a merchant. SCA will be enabled by us for all merchants, not already using SCA for Checkout, before September 14th.

New user groups

User groups in the administration have been changed to better accommodate for the needs of our customers. The new user groups are more intuitive as they more closely relates to the functionality accessible in the left menu. It is also possible to define more fine grained permissions, e.g. whether specifically refunding is allowed. The screendump below shows the new user group edit dialog.

Metadata in mails

It is now possible to access metadata in mail templates. E.g. if customer metadata contains shoe_size key and value it can be accessed in the template as:

{{customer.metadata.shoe_size}}

Metadata is available as

customer.metadata
subscription.metadata
plan.metadata
invoice.metadata

and add-on metadata as a parameter in the list of subscription add-ons subscription.add_ons[].metadata. Example iterating through subscription add-ons:

{{#subscription.add_ons}}
Name: {{name}}<br/>
License plate: {{metadata.plate}}<br/>
{{/subscription.add_ons}}

For details on Mustache templating see: https://mustache.github.io/mustache.5.html

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