Customers that remain loyal to your business and keep coming back are strong indicators of success. But it can be hard to maintain recurring payments. You can use recurring billing software to easily manage recurring payments.
How can you streamline payments for recurring customers?
QuickBooks recurring billing software can improve your billing efficiency and eliminate the hassle of manually entering billing or payment details with every transaction.
QuickBooks recurring billing software, such as EBizCharge, allows you to automate recurring payments in QuickBooks, which means you don’t have to manually invoice your recurring customers every month. Your customers will automatically be charged and you’ll have more time to focus on gaining new business.
If you have customers on terms, recurring payments can free up time for your business by streamlining the billing process. For example, if you bill 50 customers each month, then automating your recurring billing removes 50 invoices from your workload.
With QuickBooks recurring billing, customers are invoiced on a set schedule. Instead of having to manually input credit card information every time a customer makes a payment, you can program QuickBooks to charge a customer’s credit card at specific times.
And you no longer need to call customers to receive payments. Instead, customers are automatically billed behind the scenes without any action on their part. Once a payment is made, you can automatically send email receipts to your customers.
Look for QuickBooks recurring billing software that is simple to set up and manage and allows your customers to pay via credit card or ACH check.
Merchants who use Intuit’s solution for QuickBooks recurring billing may be looking for an alternative to Intuit’s high costs.
Look for an affordable provider, such as EBizCharge, that offers flat rate pricing and guarantees a low fixed rate, so you know in advance exactly what your processing fees will be. With flat rate pricing, you receive one simple statement each month with a predictable rate.
QuickBooks recurring billing can also lower your interchange rates by passing more information through the point of sale. Line-item details and invoice information already stored in QuickBooks are automatically sent with every transaction. This process qualifies your cards at reduced interchange rates and lowers your overall credit card fees.
Payment processing is important enough to warrant reliable and attentive customer support. On the off-chance that something goes wrong, you’ll want to be able to reach customer support as fast as possible to resolve the issue. A 24/7 in-house support team will help ensure consistent high-quality support when you need it. Also, look for chargeback management services that notify you when chargebacks occur so you can quickly address the issue.
When billing customers on a schedule, it’s important to keep credit card information secure.
Look for QuickBooks recurring billing software that offers these four important security features:
- PCI-compliant payment gateway—A PCI-compliant payment gateway, such as EBizCharge, helps your business stay compliant with mandatory regulations set by the Payment Card Industry Security Standards Council.
- Off-site data storage—Storing credit card numbers on your own computer puts both you and your customers at risk. If your system is compromised, sensitive credit card data could be stolen. Your customer will likely report the incident to their credit card provider, which could prompt an investigation from the Payment Card Industry. Off-site data storage keeps credit card data on your payment gateway’s system instead of your own, which lowers your liability in the event of a data breach.
- Tokenize your data—Tokenization converts sensitive credit card information into “tokens” of information that have no real value to any hacker. These tokens are kept on your system, while the real information is stored in a secure, cloud-based vault. If your system is hacked, thieves will only find valueless tokens they can’t use.
- Use fraud prevention modules—Online credit card transactions come with a greater risk of fraud because merchants have to trust that the actual cardholder is authorizing the transaction. Fraud prevention modules help prevent thieves from stealing sensitive credit card information. A full suite of fraud prevention modules will detect fraud faster and protect your business.
If you’re looking for a way to automate your billing process, consider using QuickBooks recurring billing software to simplify payments for both you and your customers.
QuickBooks recurring billing software, such as EBizCharge, seamlessly integrates with QuickBooks and streamlines recurring payments from beginning to end. Eliminate manual billing and automatically send bills to customers on terms.
With QuickBooks recurring billing, your customers are automatically billed without any action on their part. Once a payment is made, an email receipt can be sent straight to your customer. Recurring billing lightens your workload and removes the hassle of manually sending invoices to every customer, freeing up more time to focus on gaining new business.