Recurring Billing Services
How Can Recurring Billing
Simplify Your Customer Invoicing?
In it’s simplest form, a recurring billing solution will automatically charge your customer’s credit cards based on set intervals that you establish.
For example:
Do you need to charge your customers every 30 days? 60 days? 90 days?
Or do you prefer to charge their credit card on a certain day each month.
To better understand how a recurring billing system can automate and streamline your customer billing, let’s review how recurring billing can work for you.
Recurring Billing Explained
Recurring billing can be set up two different ways.
One uses a secure website that you log into (your virtual terminal). The other uses software that you buy and install on your computer.
The key in choosing right system is flexibility.
For instance, you will need to set up your billing parameters as well as editing or changing your customer’s profile including:
- Date to charge customer
- Number of times to charge your customer (i.e. indefinitely or for a fixed term)
- Amount to charge customer (the system also allows edits to easily change the monthly pricing)
So how does it work?
Well, it’s a virtual system. Meaning, the recurring billing system is part of a “virtual terminal” where you log into a secure site to charge and manage your customers.
The best type of recurring billing system is set up using a virtual terminal.
That saves you from having to…
- buy software
- manage computer headaches
- upgrade your computer, database or software revisions
What’s more, as a virtual system, it means you can have someone manage the virtual terminal for you, handling issues like changes to credit card expiration dates.
Recurring Billing & Customer Invoicing
Perhaps a case study can show you just how simple and effective a recurring billing system can be for your customer invoicing. And your business.
A few months ago a security services company called us to learn more about our customer invoicing program. They had roughly 40 clients paying a monthly alarm monitoring fee, and they asked us to handle their invoicing.
So far so good.
In reviewing their needs, however, a recurring billing system made much more sense than mailing invoices to their customers each and every month.
The reason?
Well, since all of their customers on the monthly security monitoring program paid the same amount each month, it made more sense to offer their customers the chance to put the monthly charge on a credit card instead of mailing an invoice and waiting on a check.
Think of it this way…
Most of your customers would rather pay this bill automatically rather than waiting on an invoice and mailing in a check (or using online bill pay through their bank).
And you would rather have that revenue automatically deposited into your bank account on auto-pilot rather than printing up invoices, stuffing envelopes, licking stamps and waiting on a check to arrive.
Can you see just how powerful this one tool can be for your business, saving you time and money?
Are You Ready to Learn More?
To learn how our recurring billing solution applies to your customer invoicing and business situation, contact us today.
After asking you a few questions we can provide you with a “no-strings-attached” overview of the costs and fees associated with recurring billing and credit card processing.
So what are you waiting for?
To get started today, simply fill out the form below…
We look forward to hearing from you, to design a recurring billing program to handle your monthly customer invoicing.
