Recurring Billing Service

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The PlanetAuthorize™ Payment Gateway comes with automated Recurring Billing as a standard feature.

The PlanetAuthorize™ Recurring Billing Service is a suite of applications that enables merchants to manage the process of billing their customers on a periodic basis. This streamlines the process of billing customers on a recurring schedule and eliminates the need for merchants to incur the security risk inherent in storing credit cards at their location. The Recurring Billing service is included with the PlanetAuthorize™ payment gateway service at no additional cost.

Features:

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

• Daily
• Weekly
• Monthly
• Bi-Weekly
• Twice-Monthly
• Every Four Weeks
• Bi-monthly
• Quarterly
• Semi-Annually
• Annually

In addition, merchants can specify a billing start date and number of recurring payments . Once the payment schedule is established, PlanetAuthorize™ will automatically bill the customers’ credit card 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 merchants to:

1. Identify upcoming credit card expiries
2. Manage credit card declines associated with a specific recurring payment cycle
3. Search and edit future recurring payments
4. Balance bank deposits

The PlanetAuthorize™ Recurring Billing Service supports both fixed dollar amount/fixed schedule payments and variable dollar amount/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 cards/eliminates credit card storage security risk
• 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

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 call SaleManager Merchant Services, toll free, at 1-800-918-4890.