Sage Payment Solutions
Recurring Payments
Imagine….
- Prompt payment from customers – on time, every time
- Increased loyalty to your products and services
- Lower accounts receivable and collection costs
Automatically processing recurring transactions makes billing and collections easier and more efficient. Merchants who serve a customer base that is billed regularly can process credit cards and checks more quickly and easily with Sage Payment Solutions. Your customers can pre-arrange to automatically make payments directly from their account to yours. The exact payment is made directly to your company’s account on time, every time. You’ll also get great reporting capabilities that are available from any Internet enabled PC. The Sage Gateway and Virtual Terminal provide the ability to initiate direct debits or credits to your customer’s bank account or credit card in a secure, fraud-protected environment.
Benefits
- Consumers respond positively to using credit cards or ACH for recurring payments
- Consumers signed up for automatic recurring payments are less likely to leave
- Automated payment scheduling is flexible
- Reduces postage, paper & labor expenses and bank fees
- 24 hour online processing and reporting
- Tracks card expiration dates to avoid interrupted payments due to expired data
- No need to change banks, deposits can be made to your current financial institution
- Real time fraud control - AVS, CVV and CVV2 included - no additional fee
Types of businesses that benefit most from recurring billing
- Mortgage companies
- Insurance companies
- Companies that offer investment and savings plans
- Companies that collect loan payments
- Newspapers and magazines
- Utility companies
- Cable TV companies
- Health clubs
- Credit card companies
- Non-Profit organizations, including houses of worship
