As a business owner, having ways to save you time is money is important, and one great way to do this is by setting up automation for your payments!
Recurring Payments is a transactions charged to a cardholder’s account (with prior permission) on a periodic basis automatically for goods and services, i.e., health club memberships, property management, landscaping, and more.
Here are some reasons recurring payments can help our business and save your business TIME and Money:
Speed Up Payments
Imagine spending less time chasing down payments! Relying on automation to send out payment reminders means MORE money in your pocket faster and less chasing down unpaid invoices.
Improve Your Cash Flow
Cash flow is important to ANY business. By setting up recurring payments, you can ensure that payment is deposited in your account on a monthly basis, reducing the risk of being stuck without the cash you need!
Enhance Customer Relationships
Instead of being perceived as a one-time vendor, recurring billing sets you up as an extension of your client’s daily operations. Not only do you reduce frustration by automating the payment process for them, but you remind them how valuable you are, by building a long-lasting relationship with your business!
Save Time (and Money!)
Automation is AMAZING, especially when it comes to something as important as payments. By using recurring billing to initiate your transactions, you can spend more time on what matters most to you! Plus, once the payment schedules are set, you no longer risk incorrectly keying in payment information or worse keying things in late!
If you have any questions or if you are wondering if recurring Payments might be something you want to look into for your business, give your TMC Team a call @ 888-249-9919.
TMC
Monday, March 27, 2023
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