Recurring Billing Can Get Complicated – Is your Payment System up to the Task?
Recurring billing is frequently a complicated
aspect of business. Some small businesses have a few dedicated customers
who make regular payments under very similar terms. For these scenarios,
just about any payment gateway solution can handle billing. If this does
not describe your business, you need a system that offers plenty of options
that will let you treat your customers as individuals.
Perhaps your business caters to a mix of
customers who are committed and uncommitted. Committed customers are those
who are contractually bound to pay on a set schedule for a specified length of
time, and can be penalized for missing or stopping payments. Uncommitted
customers are only required to continue paying as long as they desire your
services. Some low-cost solutions simply do not offer the flexibility to
manage these different types of customers.
An even greater challenge is often scheduling.
May you allow your customers to choose whether to pay monthly or
annually, to pay only for services used for the period, or some blend of
scheduling options unique to your business. It can be daunting to find the
best payment gateway, one with the flexibility to individualize payment
schedules.
No matter what types of challenges you’re
facing with your payment system, UniPay can handle it with ease. To learn
more about UniPay, visit PayVisors, the business consulting website with
in-depth articles on recurring billing, e payment gateways, and many other
topics related to payment management.
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