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ACCEPTING ONE-TIME ONLINE PAYMENTS AND RECURRING:

Automatic recurring payment is – not only in my opinion – one of the best features of online payments. It is a powerful tool indeed – both for the clients and the merchants.

Its saves times and the difficulty of customer’s Bank CHEQUE handling, clearing and follow ups.

RECURRING PAYMENTS AND BILLING DEFINITION:

“Recurring billing” also known as recurring payments, allows a merchant to charge a customer’s credit /debit card for goods or services on a prearranged, and recurring schedule.

Recurring billing requires obtaining a one-time consent from the cardholder to charge the credit card on file on an ongoing basis until the cardholder withdraws permission.

WHAT KINDS OF COMPANIES USE RECURRING PAYMENTS?

A wide variety of businesses set up recurring invoices to save time and get paid faster. Schools, colleges, fitness centers, cleaning services, monthly subscription services etc. all use recurring payments. Higher-price-tag businesses like business setup service provider, wedding planners, home repairs, and lawyers also set up recurring payments as a convenient way to split costs across multiple payments for their clients.

BENEFITS OF SETTING UP PAYMENTS ON A RECURRING BASIS:

If you regularly bill clients on a set schedule, recurring payments are a huge time-saver. Stop creating identical invoices week after week, or month after month. Instead, streamline your bookkeeping with recurring invoices. In just a few moments you can set up recurring payments that you schedule to go out when it’s most convenient for you and your clients.

BEST FOR:

Automated recurring billing for amounts that don’t change week-to-week or in any given billing period – like subscription services.

SAFELY STORES CUSTOMER CREDIT CARDS:

We do capture the customer transactions details and generate we do generate the token id. These details can be used for further direct debit and for reconciliation with the merchant bank account. We do capture the customer transactions details in encrypted format. Since we are not capturing customer cards data, you don’t required PCI-DSS certification.

What you have to provide us, payment gateway credentials from your acquiring bank rest we will do for you.
To know more about solution and pricing. Contact Us.
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