Understanding Pay-As-You-Go (PAYG) for Your Quantcast Platform Payments
At Quantcast, we're continuously working to make managing your advertising spend simpler and more flexible. We're excited to introduce a new Pay-As-You-Go (PAYG) model for all credit card payments on the Quantcast Platform, replacing our previous prepayment system. This change offers you greater control and transparency over your ad spend.
What's Changing?
Previously, you would prepay for your advertising campaigns. With our new PAYG model, your credit card will be charged automatically as your ad spend reaches predefined thresholds. This means you only pay for the advertising as it's delivered, providing a more fluid and efficient billing experience.
Key Features of Pay-As-You-Go
Automatic Threshold Charging: Your credit card will be charged automatically when your ad spend reaches specific predefined thresholds. For example, after your first five successful transactions, your threshold will increase from $100 to $250.
End-of-Month Charging: Any remaining balance that hasn't met a threshold will be charged at the end of the month.
Optional Backup Card: You have the option to add a backup credit card to your account for added peace of mind.
Automated Invoicing: As charges occur, you will automatically receive an invoice detailing your spend and impressions delivered by ad set. These invoices will also be accessible directly within the Quantcast Platform.
Threshold Increases: As you make successful consecutive payments, your PAYG threshold will automatically increase so that payments are spread out to at most once a week based on ad spend patterns.
How it Works: A Step-by-Step Overview
Setting Up Your Payment: When a customer signs up for the platform and is a Credit Card customer they will have two ways to set up their credit cards for the pay as you go model.
Customers may navigate to the Payment Center > Wallet and set up cards by their account.
Here customers can setup a primary and back up card and delete cards they no longer wish to have on file (we require 1 card on file at all times for Pay as you go customers)
Customers may build out their first campaign and ad set and at publish they will be prompted to add in a credit card which will be set as the default option for the the account if they do not have a card on file.
Credit Card Authorization: When you enter your credit card details into the platform, Quantcast will run an authorization on the card equal to your initial spend threshold. You will be notified of this authorization.
Running Campaigns: Once your credit card is set up, you can begin running advertising campaigns on the Quantcast Platform.
Threshold Billing: As your advertising spend reaches the predefined thresholds (e.g., $100 for the first 5 successful transactions, then $250), your credit card will be automatically charged.
Monthly Balance Charge: At the end of each month, any outstanding balance that hasn't yet met a threshold will be charged to your credit card.
Invoice Delivery: After each charge, an invoice detailing your spend and impressions by ad set will be generated and available in the platform, and an emailed receipt will be set to you at the time of each charge
What Happens if a Payment Fails?
If your primary credit card on file cannot be charged when a payment is due, Quantcast will attempt to charge your backup card (if you've provided one). If both attempts fail, all ad spend will be temporarily disabled until a valid credit card is entered on the platform to cover the outstanding charges. You will be notified of any failed payments and prompted to update your payment information on the platform.
Transitioning to a Line of Credit
If your running monthly advertising total significantly increases, Quantcast may prompt you to switch to a Line of Credit (LOC). This transition will be facilitated through your dedicated Customer Success Manager (CSM), at any point customers may also apply for a LOC in their Payment Center and if approved will be transitioned to this payment method