Variable Recurring Payments

Smarter, faster, and more flexible recurring payments – with all the game-changing benefits of open banking.

Faster settlements

Funds arrive in seconds, unlike cards and direct debits which can take up to 5 days, with a confirmation of payment in real time.

Enhanced customer experience

Customers get more control and visibility over how and when they pay, reducing payment friction and building long-term trust and loyalty.

Reduced costs

No card interchange fees, reduced fraud, zero chargebacks, and simpler operations lets you cut out unnecessary costs.

What are VRPs?

Variable Recurring Payments (VRPs) are a new way to accept recurring payments and transfer funds quickly and securely in the UK, powered by open banking. VRPs can be used in two different ways, for sweeping and commercial use cases.

Sweeping
Also known as ‘me-to-me’ payments, sweeping lets customers move money between two accounts in their name, such as when topping up a savings account or repaying a loan.

Commercial
Commercial or non-sweeping VRPs solve for any kind of fixed or variable recurring payment, such as a streaming subscription or paying utility bills.

What are VRPs?
What are VRPs?

What are VRPs?

Variable Recurring Payments (VRPs) are a new way to accept recurring payments and transfer funds quickly and securely in the UK, powered by open banking. VRPs can be used in two different ways, for sweeping and commercial use cases.

Sweeping
Also known as ‘me-to-me’ payments, sweeping lets customers move money between two accounts in their name, such as when topping up a savings account or repaying a loan.

Commercial
Commercial or non-sweeping VRPs solve for any kind of fixed or variable recurring payment, such as a streaming subscription or paying utility bills.

How businesses can use VRPs

How businesses can use VRPs

VRPs work similarly to direct debits, except payments are authenticated right away with the customer’s bank and run on open banking rails – meaning it’s faster, more cost-effective, and secure.

  • Ad-hoc payments such as automated top-ups

  • Fixed recurring payments for subscriptions or rental payments

  • Variable recurring payments for loan or BNPL repayments and utility bills

How businesses can use VRPs

How businesses can use VRPs

VRPs work similarly to direct debits, except payments are authenticated right away with the customer’s bank and run on open banking rails – meaning it’s faster, more cost-effective, and secure.

  • Ad-hoc payments such as automated top-ups

  • Fixed recurring payments for subscriptions or rental payments

  • Variable recurring payments for loan or BNPL repayments and utility bills

Key use cases

Automated account top-ups

Enable customers to move funds between multiple current accounts, instantly and with zero friction.

Personal finance

Allow customers to move money instantly to avoid overdraft fees or maximise their savings and investments automatically.

Bill and invoice payments

Increase success rates and simplify operations with flexible bill payments that offer customers more control and transparency than direct debits.

Subscriptions

Reduce churn from expired cards and manual data entry with recurring payments that are authenticated directly with the bank.

Learn about VRPs

Get started with Tink

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