Why Should Recurring Billing Software Be Flexible?

Why is it important to provide your clients with the ability to pay on a regular basis? There are at least two reasons why you should do that. First, it is convenient for customers, it saves time. And second, you as a business owner are interested in the opportunity to sell your services and goods on a regular basis while in such a case you will have some more or less stable revenue. What technical support do you need to make it happen?

Recurring billing software is the type of payment processing software that supports recurring payments. You might be surprised but even a recurring billing solution needs to be flexible today. Let’s try to explain what it means.

Recurring payments are charged according to some plan (three types of payment plans can be pointed out term, pay-as-you-go and open-ended plan).  But sometimes customers may decide to change payment plans they are using and the recurring payment platform should be able to adjust.   

Modern recurring billing software should have the following features:

• payment plan freezing;
• payment plan deferment;
• variable payment amount;
• billing dates change;
• advance cancellation;
• pre-payment ability;
• services fees supporting;
• automate write off.

More detailed explanation of these features can be found in the following publication at #UniPayGateway. Those who are interested in some additional information on the advanced features of the recurring billing solution can have a look at the selection of articles at #Paylosophy.