Why You Should Think Recurring Billing
July 15 2016 |
Recurring billing happens when your customer pre-authorizes you to automatically bill their credit card on a recurring basis.
Are your patrons refilling their orders on a regular basis? Does your business have to call your clients to get their credit card information every time they place an order? Do you keep credit card numbers stored at your office? (We hope you don’t!)
If the answer to any of the questions above is “yes”, you should look into getting an easier and much more secure solution called recurring billing.
When it comes to recurring billing, security is everything. Keeping your customers’ credit card information safe should be a priority. Our platform allows you to manage automated re-purchases and keeps credit card information secure through a process called tokenization. Tokenization replaces sensitive credit card data with unique identification symbols called tokens. Each token retains all essential billing information and is linked to individual customer profiles. This makes recurring billing secure for you and your clients, since only we have the key to decrypt the data. It gives your customers more confidence to use their credit card to pay for your products or services and reduces your risk of a security breach.
With recurring billing you don’t have to worry about calling your customers every time a payment needs to be processed or asking them to update their credit card information when their cards have expired or have been reissued. An automated account updater does it for you! It helps reduce declined transactions and makes it easier to secure future sales since billing is done automatically.
Give us a call and find out more about how recurring billing can benefit your business!