Commercial Variable Recurring Payments
NoteCommercial VRP is available to customers who have been enabled for Commercial VRP on the Modulr platform. Please speak to your Modulr point of contact if you are unsure whether this applies to you.
Commercial Variable Recurring Payments (cVRP) allows you to set up recurring payments on behalf of your users that can vary in amount and frequency, all under a single consent. The user authenticates once, and subsequent payments can be initiated without them needing to re-authenticate with their bank each time, as long as payments remain within the agreed parameters of the consent.
TerminologyIn these guides we use the term "bank" to generically refer to the organisation providing the payment account to the end user, also known as the "Account Servicing Payment Service Provider" (ASPSP). This includes non-banks such as e-money institutions and building societies.
We use the term "consent" to refer to the VRP parameters that a user authenticates, under which cVRP payments are subsequently made.
Is cVRP right for your use case?
cVRP is designed for Me-to-them payments, where the payer and the recipient are different people or businesses.
Currently eligible use cases include:
- Subscription or recurring billing for utility providers (e.g. electricity bills)
- Regulated financial services payments for account eligible for FSCS-protection, mortgage providers, pension schemes granted master trust authorisation
- Payments to government bodies or charities
If you are building for Me-to-Me payments -- where the same person or business entity owns both accounts -- Sweeping VRP is the correct product. See the Variable Recurring Payments section for details.
Guides
Use these pages to build your integration: