Recurring payments provides your customers with a low-maintenance payment method and ensures a steady, reliable and manageable cash flow for your business.
IP Payments offers a unique choice of features to meet your specific needs:
- Recurring payments allow you to establish a regular payment schedule, for instance, debit the customer on the 18th of every month for 12 payments using our virtual terminal.
- You can create an individual payment schedule for each customer.
- Customer can pay off the full balance outstanding automatically each month.
A recurring payments option provides benefits for your customers including:
- The peace of mind of knowing their bills will always be paid on time.
- Cost saving with no risk of overdue fees.
- Time saving and convenience, with fewer cheques to write and post.
As a merchant accepting recurring payments your benefits include:
- Reduced costs in the collection of payments
- Increased customer retention
- Improved cash flow
If you would like to know more about recurring payments, contact our team, they will be happy to help you.