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Advantage of Subscription and Recurring Payment Module in Magento Store
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Posted On :
Oct-20-2011
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Article Word Count :
532
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Magento as an ecommerce platform has become very popular. Over the last few years this platform has become the first choice for most businesses looking for an ecommerce.
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Magento as an ecommerce platform has become very popular. Over the last few years this platform has become the first choice for most businesses looking for an ecommerce solution. Magento development has been very powerful as it has not only addressed the larger needs of online stores but worked on their niche needs. One of the best examples of this is the Subscription and Recurring Payment Module which is being used by a large number of online stores running on Magento. Although this module supports subscription and recurring payments, customers can also use it for one off purchase from the online store.
Advantages of Subscription and Recurring Payment Module
* First and foremost the success of an online store depends on the number of returning customers. With this module in place you can develop a large pool of dedicated customers. Valuable customer data is stored in the database allowing them to have a hassle free shopping experience on their returning visit.
* The admin panel of this module allows you to easily manage your online store. It provides you the list of subscriptions and all the other subscribers’ related statistics are easily available. You can easily create subscription from the backend and also offer periodic discounts to the customers.
* Purchasing a product or a service and making payments is made easy for the customers. The user-friendly customer interface gives them their subscription statistics. This helps them in managing their subscriptions to various products. You can activate alerts to the customers on the progress of the subscription order.
* Customers can purchase and checkout with or without registration. If customers choose to checkout as a guest, subscription tracking will be available in the customer area. This flexibility allows you to increase your revenue subscription.
* Subscription and Recurring Payment Module allows users to create accounts for customers who subscribe to a service. It may a monthly subscription of magazine, bills for grocery, bottle water or club membership.
* Magento ecommerce allows multiple payment option to the users including PayPal, Authorize, eBay, World Pay, Credit Cards and Money Order etc. This variety in payment option helps you cater a large base of target audience spread across the globe.
* Subscription and Recurring Payment Module allows you to have a flexible pricing module based on the length of subscription of the product. The parameters can be set to offer higher discounts to your most loyal customers.
* Auto payment options can be set where the subscription charges are debited automatically from the account on pre specified dates.
One of the key features to running a successful online store using Subscription and Recurring Payment Module lies in hiring the services of the right developer. The integration of this module into your ecommerce website involves a lot of skills and thorough understanding of the market and the customer behavior. You should make sure you hire the best in business to draw maximum mileage out of this highly powerful Magento module.
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Article Source :
http://www.articleseen.com/Article_Advantage of Subscription and Recurring Payment Module in Magento Store_94727.aspx
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Author Resource :
PixelCrayons offers best Magento ecommerce & designing services, online shopping cart development, Magento development & designing services and other ecommerce software services.
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Keywords :
Magento development, magento store, magento shopping cart,
Category :
Internet Business
:
Web Design
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