Saved Payment Methods (Vault)

Learn how empowering your team's efficiency and customer convenience goes hand in hand with saved payment methods in Core dna.

How Saved Payment Methods Work with Core dna

Core dna offers a seamless integration for saved payment details, termed as the "payment vault." This feature enables businesses to securely store customer payment information, leading to faster checkouts, improved customer experience, and enhanced conversion rates. When a customer makes a payment, Core dna, in conjunction with third-party payment processors, securely vaults the customer’s card information, allowing for billing and future transactions without the need for customers to re-enter their payment details every time.

Benefits for Marketers

• Enhanced Conversion Rates: Reduced friction at checkout as returning customers can pay with a single click.
• Customer Loyalty: Providing a smooth purchasing experience encourages repeat business.
• Data Security: Leverage secure, PCI-compliant vault solutions to enhance customer trust.

Specifications & Comparison

Use Case: Simplified Subscription Model

An e-commerce platform using Core dna's saved payment method feature can provide a seamless subscription model. For instance, a company offering monthly subscription boxes can allow users to sign up once with their credit card details securely vaulted. Each month, the subscription fee is automatically charged without further action needed from the customer, ensuring a steady revenue stream and high renewal rates.

Implementation Example

Imagine an online bookstore using Core dna. A returning customer finds a book, adds it to their cart, and proceeds to checkout. Because their payment details are already securely stored in Core dna’s vault, they complete their purchase with a single click, enhancing customer satisfaction and increasing the bookstore’s conversion rates.