Recurring Billing Merchant Accounts
Recurring Billing Merchant Services
We offer Recurring Billing Merchant Accounts and payment processing solutions for business’s that offer subscriptions and require a card on file in order to process automatic payments.
What Is Recurring Billing and How Does It Work?
Recurring Billing occurs when a merchant charges a customer for goods or services on a regular basis, this is known as recurring billing. Recurring billing necessitates the gathering of information and authorization from the consumer. The merchant will then make recurring charges to the customer’s account without requiring any additional authorization.
Any product or service that a consumer pays for on a regular basis could be a strong candidate for recurring billing. Cable bills, cell phone bills, gym membership fees, utility bills, and magazine subscriptions are all examples. Automatic bill payment is another term for recurring billing.
Relevant TAKEAWAYSÂ
When a business automatically deducts a customer’s money on a regular basis, this is known as recurring billing.
Any product or service that a consumer pays for on a regular basis could be a strong candidate for recurring billing.
Recurring billing may be required by business providers, and some providers may offer discounts if recurring billing is employed.
Business providers benefit from recurring charging because it decreases account receivable concerns.
Customers benefit from recurring billing because they just have to sign up and supply payment information once.
Getting a Glimpse of Recurring Billing
The simplicity of recurring billing is appealing. The consumer can permit the business to keep payment details on file instead of repeatedly providing billing information for a normal charge. The merchant can then charge the chosen account every month that the service is active or whenever the agreed-upon products or services are provided. Payment alternatives are usually left to the discretion of the company supplier. Some providers demand the use of a checking or savings account, while others enable the use of a checking, savings, or credit card account.
Recurring Billing Example:
Consider the following scenario involving a consumer and a pet store. The customer places an order for three bags of dog food to be delivered every three months from an online pet store. Authorizing recurring billing would allow this purchase to be made on a three-month cycle and charged to a specified credit card. Electric bills, phone bills, and Internet subscriptions are just a few examples of regular billing. When clients sign up for recurring billing, many businesses give them a tiny monthly discount. This helps to mitigate some of the hazards associated with late payments.
Our state of the art payment gateway compliments our recurring billing merchant account and integrated seamlessly into over 100 ecommerce shopping carts currently available..
With all of merchant service providers and payment processors out there, sometimes it can become a difficult undertaking for you to search through the many merchant account offers online. It can be confusing, you may need help deciding what type of merchant services fits your Recurring Billing requirements for your business best.
When shopping for a Recurring Billing payment processor or merchant payment processing service provider, you need to find the most reliable and efficient payment processor and merchant services to keep your business cash flowing continuously.
We offer reliable merchant account payment processing services for all business types so you can move your business forward without having to worry about interruption of your Weekly Recurring Billing business cash-flow or efficient payment processing.
Contact us now for a free no-obligation consultation regarding your merchant account payment processing solution needs.