Variable Recurring PaymentsBeta
Recurring payments the customer can see and stop.
Variable Recurring Payments let a customer give a mandate with clear limits per payment and per period. The mandate, the amounts used and its status are visible to both sides.
What it does
Capabilities
Each item says whether it is shown in the prototype console today or is planned. Planned items are not available.
Mandates with limits
Shown in prototypeSet a per-payment and a per-period limit and see how much of the period has been used.
Mandate status
Shown in prototypeActive, awaiting approval and revoked states are shown on every mandate.
Standing orders
Shown in prototypeSchedule fixed payments alongside variable mandates.
Revocation
Shown in prototypeCustomers can revoke a mandate and the change is recorded in the audit log.
How it works
Four steps
- 01
Agree the mandate
State the limits and what the mandate is for.
- 02
Customer authorises
The customer approves the mandate at their bank.
- 03
Collect within limits
Take payments up to the agreed limits.
- 04
Review or revoke
Usage and status stay visible until the mandate ends.
In the console
Real screens from the prototype
Captured from the running prototype with simulated data.
For developers
Request shape
An illustration of the kind of data involved. API reference and SDKs are not yet published, so no endpoints are listed.
Illustrative mandate shape
{
"limits": { "perPayment": "500.00", "perMonth": "1200.00" },
"currency": "GBP",
"status": "active",
"note": "Illustrative only - not a published endpoint"
}UK context
Regulatory background
Variable recurring payments are an Open Banking capability in the UK. Which banks support which VRP use is set by the banks and Open Banking Limited, and is not claimed here.
General background, not legal advice. No authorisation or certification is claimed on this page.
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