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Recurring billing is ideal for businesses and corporations that wish to sell services with recurring billing (daily, weekly, bi-weekly, monthly, quarterly, annually, etc.), to customers.
After the sale, all the payment information and recurring will be recorded for each specific customer and an automated recurring and reporting is set up for you to monitor and manage the member account billing.
Recurring billing helps you save time and money by automation of payment collection. You can efficiently and reliably collect payment for your products/services online and easily manage the collection and tracking of recurring fees. This is quite easy to set up and manage.
As a result, your billing and collection responsibilities are reduced and you can focus on marketing and running your business.
There are many easy-to-use features that allow you to add or remove recurring, pro-rate billing, automatically bill clients based on a pre-set day of the month, offer free trial period, and many other powerful and flexible features.
Recurring Billing & Merchant Account Payment Types
- Visa, MasterCard, American Express, Discover, Diners Club, Carte Blanche & JCB Card
- E-check, ACH and Electronic Funds Transfer (EFT)
- Consumer (level I), Corporate (Level II) & Procurement cards (Level III)
- Payment tools: AVS (Address Verification Service), CVV2, CVC2 and CID (3 and 4 digit codes)
Functionality
- Set up an unlimited number of recurring billing plans based on amount, duration and frequency
- Easily create, update or cancel subscriptions via API or web-based interface
- Automatically enroll customers upon sign-up
- Manage and process via API, Batch Upload or web-based interface
- Use default reporting solutions or create custom reports
- Automatically reconcile merchant account transaction data with internal software applications
Simplified PCI Compliance and Increased Security Solutions
- Replace credit card information with unique tokens for automated recurring billing
- No credit card data is present in the merchant environment to be stolen
- Reduce the scope of PCI Compliance by as much as 90%
- Maintain the same control over the credit card information as if it were present
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