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Financial Expansion Services, Inc. is a registered agent of 2C Processor USA, Inc., a registered MSP/ISO in Association with National City Bank of Kentucky, Louisville, KY - Copyright 2005.

Recurring Billing Solutions

The Small Business Administration estimates that the average invoice costs around $5.00 to prepare and mail.  The overall calculation includes the average expenses for paper, postage, personnel.  With such costs on the rise, it is wise to explore other billing options.

“Set It and Forget It” Simplicity

Over the last few years, more businesses and nonprofits have discovered the power of recurring billing to streamline operations, reduce paperwork, improve convenience, and lower costs.  We offer a number of recurring billing solutions that include unique tools so payments can be handled automatically.  Organizations can use recurring billing with credit card or ACH debits or BOTH.

Our recurring billing software offers a robust and easy-to-use system that can be configured to suit the needs of your organization.  Automated technology helps capture and retain up to 10% more of your billing annually.  Customers or contributors also appreciate not having to return payment reminders by writing checks, finding stamps, and mailing envelopes.

Automated billing is the ideal solution for all types of regularly scheduled payments, subscription fees, charitable giving, membership dues or installment payments (i.e. three payments of $29.95).  Most important, recurring billing provides improved profitability, payment security as well as better control and predictability over your cash flow.

Interesting Statistics:
  • Independent studies have found that recurring payments grew from $540 billion in 1997 to $820 billion in 2000, with 69% of consumers paying through at least one automatic payment program.
  • Visa USA estimates growth of such payments to more than $1.1 trillion by 2005.
  • Will your customers want automatic payments? A study showed that fully one third of consumers under age 44 are open to recurring payments.
  • Use this trend to save your staff time and expedite collection of your receivables.
Common industries that benefit from recurring billing include:
  • Health and fitness clubs
  • Cable television
  • Public utility companies
  • Insurance companies
  • Mortgage companies
  • Subscription publications
  • Charitable organizations
  • Property and equipment rentals
  • Educational institutions
  • Collection services
  • Tanning salons and day spas
  • Church offerings, pledges, tithes, etc
Recurring payments produce better cash flow and improved profitability:
  • Reduced processing time and administrative hassle
  • Reduced bad debt rate
  • Reduced risk of human error from manual processing
  • Secure a more predictable cash flow
Customers love the convenience and cost-savings of recurring billing:
  • Eliminates the chore of check writing and returning invoices
  • Saves money from buying postage and envelopes
  • No need to remember a payment due date
  • Decreases chances of incurring late fees
Key Features
  • Supports subscription and installment payments
  • Master admin console with assigned sub-user options
  • Bill via ACH or all major cards (Visa, MasterCard, Discover, American Express, Diners)
  • Choice of multiple payment schedules (weekly, monthly, quarterly, yearly, etc)
  • Unique “trial period” and "payment-in-advance" options
  • Easily create, cancel and modify subscriptions via web-based software
  • Configure subscription renewal and cancellation rules
  • In-depth reporting and search capability
Key Benefits
  • Capture and retain up to 10% more subscriptions annually
  • Reduce security risks
  • Ready-to-use hosted system
  • Single source convenience

The recurring billing system provides full credit card processing functionality with features such as on-line customer credit card authorizations, batched transactions, fraud detection and prevention, with full transaction reports.  Recurring billing modules can be integrated into virtually any internet storefront using an HTML query string or other simple form connection.

Credit Card Virtual Terminal

The credit card “Virtual Terminal” allows you to perform and process manual transactions such as Sale/MOTO, Credit/Return, and Pre-Auth/Book. Sales orders collected from your web site through secure email can also be processed manually with the Credit Card Terminal.

ACH Virtual Terminal

The ACH Virtual Terminal allows you to process ACH (Automated Clearing House) electronic check transactions. Sales orders collected from a web site through secure email can also be processed manually with the ACH Terminal.

 


 
 
 


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