Recurring Billing Management
Posted by Michael Guerin on October 14, 2009 under Client Billing, Recurring Billing Solution | 
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If you are invoicing clients or customers each and every month, then a recurring billing system could save you time, effort and aggravation.
For example, if you charge customers monthly for services, say alarm system monitoring, then there really is no need to send out invoices each and every month.
Provided, of course, that your customers chooses to sign up for auto-rebilling.
And believe it or not many of your customers would gladly (happily) pay you by using their credit card. Especially if their monthly charge is the same every month.
We pay for garbage pickup in our town. I think it costs $33 per month. After repeated calls (and writing notes on the quarterly invoices) the company finally decided to offer automatic monthly enrollment.
So how does it work?
Recurring Billing Service
Basically, recurring billing works with a virtual terminal.
A virtual terminal is the term used to describe accepting credit cards by using your computer, a secure online connection, and logging into a website to process credit cards.
The recurring billing part of this automates the credit card processing part.
Meaning, once you charge the customer the first time (by keying in their credit card information using the virtual terminal), the customer will be re-charged each and every month automatically.
The system runs on autopilot. And the payments get deposited into your business account automatically.
Typical recurring billing features include:
- Charge your customer on a specific day of the month (i.e. the 15th)
- Bill your customer every 30 days after the first charge
- Edit the amount charged to your customer with the click of a button
- View all of your customers on recurring billing
The best part?
A system like this will save you time, energy and effort.
Online Recurring Billing and Your Business
Now, let me ask you one question.
Doesn’t it make more sense to automate administrative tasks by setting up an online recurring billing service then printing out invoices each month, stuffing envelopes, and mailing them to your customers… only to wait for their check.
Especially if you bill them the same amount each month.
When it comes to running your business, one simple rule should apply when you are looking at a new tool, system or software.
And that rule, to me at least, is whether or not the new tool, system, or whatever makes your business life easier.
It’s as simple as that.
Ready to Learn More…
When you are ready to discover how we can help to automate your billing process, kindly visit the link above to learn more.
You can also give us a call at 877-262-3712 with your questions. You can also leave a comment here on the page and we will get back to you as soon as possible.
We look forward to helping you streamline your billing process.
