Variable Recurring Payments (VRP)

Variable Recurring Payments (VRP) is a payment method that allows a customer to pre-authorise a business to collect payments from their bank account up to a capped amount, with the actual transaction value able to vary within agreed limits — without requiring the customer to re-authenticate each time. In South Africa, Capitec Pay VRP enables Capitec Bank customers to approve a spending cap in their banking app, after which the merchant can collect variable amounts up to that cap. VRP is particularly useful for last-mile delivery and subscription models where transaction values fluctuate.