Recurring payments

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.