Planetauthorize

Recurring Billing Service

The payment gateway has two distinct Recurring methodologies:

Subscription Based Recurring Model - Merchants set a unique billing schedule for each customer. For example, a merchant may establish a billing cycle for Customer A of $20 on the 15th of every month and Customer B of $50 on the 1st of every month.

Plan Based Recurring Model - Merchants establish pre-defined billing plans and link customer(s) to the specific plan. For example, a merchant may offer a variety of services at different price points. An important benefit to the Plan Based Model occurs when the merchant updates a plan - a single change affects many customers all at once, instead of updating each customer subscription individually.

Available Recurring Billing Cycles

Merchants can choose one of nine different payment schedules, including:

• Specific Day of the Month
• Daily
• Weekly
• Monthly
• Bi-Weekly
• Twice-Monthly
• Every Four Weeks
• Bi-monthly
• Quarterly
• Semi-Annually
• Annually
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  In addition, merchants can specify a recurring billing cycle and number of recurring payments . Once the payment schedule is established, Planetauthorize will automatically bill the customers’ credit card or checking account on the specified schedule. An optional email can be sent to the customer and/or merchant that contains the results of every recurring transaction (e.g. approved/declined).
  
  

  Advanced interfaces are available that allow the merchant to:

• Identify upcoming credit card expiries
• Manage credit card declines associated with a specific recurring payment cycle
• Search and edit future recurring payments
• Set it and forget it feature saves you time
• Always on-time payments improve cash flow
• Convenient payment processing software and payment options improves customer service
• Automatic schedule eliminates late fees and collection calls
• Securely stored information and reporting eliminates duplicate data entry
• Paperless process decreases invoicing costs by 90%

 

The Planetauthorize Recurring Billing Service supports both fixed dollar amount and fixed schedule payments for maximum flexibility.



Benefits:

Some of the benefits of The Planetauthorize Recurring Billing Service include:



• Fast processing time
• Provides a convenient way of authorizing or modifying large numbers of transactions



How It's Used:

• Eliminates the need to store credit card and ACH data
• Integrates with SugarCRM and vtiger CRM
• Dramatically reduces the time required to process transactions that occur on a periodic basis
• Improves the ability to manage existing recurring payments if schedule modifications are required
• Reduces costly errors associated with keying payment data multiple times
• Increases customer service through accurate and timely customer payments
• Increases cash flow due to faster processing of regular payments

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Uses:

The Planetauthorize Recurring Billing Service can be used in any business where regular payments are required for the purchase of products or services. A small sample of these include:

• Subscription payments (e.g. newspapers, magazines)
• Fees and dues
• Insurance premium payments
• Loan payments
• Multiple installment payments
• Tithes
• Donations & Contributions

To get started with the Planetauthorize Payment Gateway service Contact Us or call SaleManager, toll free, at 1-800-918-4890.