Processing transactions for payments due every month can be headache for you as
well as for the business or consumer. As a merchant, your control over the payment
transaction is now with the consumer and you hope they honor their commitment
month after month. On the business or consumer end of things, if their bill paying
system isn’t well organized or if something disrupts their routine some months,
your payment could be late or missed completely.
When your customer has made a commitment for a subscription, installment plan,
rental payment, monthly fee or even a monthly donation, the best option for each of
you is recurring payments. By definition, recurring payments lets you, as a
merchant, to invoice your customer for a fixed amount of money on a fixed schedule.
Recurring payments is an economical way for any merchant to set up a credit card
or bank account payment to withdraw money from the customer’s account every
month on the same date. It is also a welcome slice of peace of mind for the
consumer or business owing you the money: they know the money will be
withdrawn and don’t have to deliberately do anything to make it happen. The
authorization is given by the customer once at the start of the process and the
merchant gets the deposit each month thereafter without worry, late fees and
collection hassles.
Recurring billing is a significant benefit for property managers; utilities;
subscription-based services; private golf, swim and tennis clubs; associations and
non-profits. You relieve the customer of remembering their payment each month
and you get your promised payment on time every month without the burden of
sending and tracking monthly invoices. The payments come in automatically each
month until the customer cancels the authorization agreement or until the
commitment period ends.
Best of all, the recurring payments component of your payment processing system is
fully integrated with your website or point-of-sale terminals with a few quick steps.
As with all Sales Sense Payments products and services, there is no up-front
installation fee or cost to implement recurring billing.
For more information on recurring billing and other merchant processing services,
please visit SalesSensePayments.com, email Mike@SalesSensePayments.com or call
Mike Krause at 585-704-6453.