Many businesses provide services on an ongoing basis, requiring recurring payments from their customers. This, however, holds risks because not every customer will pay on time, leading to an increase in accounts receivable. Late payments also lead to time spent calling to collect card information to process the payment, only to do the same thing again next month.
Avoid dealing with late payments while increasing profitability through automated recurring transactions. By entering the customer's payment information once, you can set a recurring transaction to run in the timeframe you select. Most commonly this will be either weekly, bi-weekly, monthly, quarterly, or annually.
Automated payments help to:
Create an efficient sales process
Produce more consistent cashflow
Generate increased revenue
Strengthen customer experience
Capture long-term customers
Perfect for industries such as:
Membership Based Companies
Consider making an impact by taking automated payments in your business. At Make The Impact, we give a portion of every recurring transaction to causes worldwide. We engage you in the cause you choose from our list, so you know the exact Impact your business has!