As a business owner you know that the most important part of your business operations is getting paid.
Pretty obvious, right?
And to make it easy for your customers or client you accept credit cards. After all, the ONLY reason to accept plastic is because they want to pay you that way.
But how about making it easy for you?
That’s where automatic recurring billing comes in…
3 Reasons for Automatic Recurring Billing
When you get right down to it, there are three main reasons for setting up a recurring billing program for your business, church or organization.
- set it and forget it
- less work than sending out monthly invoices
- money deposited in your account automatically (no more waiting on checks)
First up, it is fairly easy to set up once you have a virtual terminal.
The key feature you’ll want is the ability to edit the recurring billing plans your customers or clients are in. Some platforms make this very easy to do, while others require you to set up a new plan rather than allowing you to edit.
Next, it sure beats sending out monthly invoices.
No more time spent typing up, printing up and mailing out invoices. Once your customer is set up in the system (which can be automated through your website) there’s nothing much for you to do (except for updating credit card expiration dates when that occurs).
And finally, no more waiting for checks to arrive in the mail.
Let’s face it, this reason alone is worth the extra merchant account fees you’ll end up paying for the system. These days people are paying their bills a little later.
What’s more, no more filling out deposit tickets and waiting in line at the bank (or drive up window).
So which businesses or organizations can benefit from recurring billing?
- Alarm companies
- Garbage collection/sanitation
- Marketing companies
- Non-profit organizations
- Wed developers/hosting
To name just a few.
I hope you found this information helpful. Please feel free to share your comments below.
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