What an Offshore Merchant Account Recurring Billing Can Do to Keep the Money Comin' In
August 14, 2007
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<font face="tahoma,arial,helvetica,sans-serif" size="2"><br /></font><div align="justify"><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">It is an undeniable fact that recurring billing is one of the things that makes an <strong>offshore merchant account</strong> tempting to get.</font><br /><br /><font face="tahoma,arial,helvetica,sans-serif" size="2"><strong>Recurring billing</strong> is part and parcel of offshore merchant account services. A recurring billing occurs when a customer allows a merchant to periodically and automatically charge their credit card accounts for recurring products or services, such as subscriptions, installment plans, or membership fees.</font><br /><h1><font face="tahoma,arial,helvetica,sans-serif" size="2">Focal features</font></h1><div align="justify"><font face="tahoma,arial,helvetica,sans-serif" size="2">A recurring billing has to be created upon the agreement of the customer and the merchant. As a merchant, you should be able to create conditions so that the customers will feel that you are flexible to their needs and can adapt to any situation. Here's what you can incorporate to your recurring billing system. You should be able to :</font><br /><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">● Manually set up the recurring billing for your customer.</font><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">● Incorporate the recurring billing to any payment method that any shop currently accepts.</font><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">● Set-up any number of billing installments.</font><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">● Setting the installment either on a weekly, monthly, yearly, or any number of days.</font><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">● Send the customer’s bill through e-mail and mail.</font><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">● Install an Address Verification Service (AVS) system into the recurring billing.</font><br /><h2><font face="tahoma,arial,helvetica,sans-serif" size="2">Benefits in store</font></h2><font face="tahoma,arial,helvetica,sans-serif" size="2">Basically, recurring billing can guarantee a steady and stable amount of money coming in. The good things you, as a merchant can get are worth reaping. So to assure yourself of the positive points, browse through the list:</font><br /><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">● Payments are automated</font><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">● Customer satisfaction through flexible payment schedules</font><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">● More realistic revenue targeting</font><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">● Easy management</font><br /><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">When your customer is enrolled in recurring billing, you'll enjoy a hassle-free payment generation. Gone are the days when you'll have to make endless calls or notifications for them to make payments for the product or service. The payments will be automatically taken out of their accounts.</font><br /><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">Your stats of happy customers will fly high because of the flexible payment terms that you can offer through your recurring billing. They will feel that you are empathic to their situations because you can give different payment schedules.</font><br /><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">When you know how much will come in. The estimates will be more accurate, so you'll be able to get a good forecast of now much will the profits be.</font><br /><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">You'll be able to get a better hand of the transactions as they are on a schedule. Therefore, you'll have a lot more time in your hands on how to improve the other aspects of your business.</font><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">Chargeback trauma</font><br /><br /><font face="tahoma,arial,helvetica,sans-serif" size="2">While it feels good to reap the benefits, it is also equally important to know the dangers that can creep in a recurring billing system. When a customer disputes through their credit card issuer a recurring billing that came from your business, a chargeback is the least yet common option that you can do. Giving refunds is painful, but the only sane way to avoid worst -case scenarios, such as a negative report at the Better Business Bureau (BBB), or a ripoff report, or a false fraud claim by a customer.</font><br /></div><h3><font face="tahoma,arial,helvetica,sans-serif" size="2">Covering all bases</font></h3><font face="tahoma,arial,helvetica,sans-serif" size="2">To avoid these grueling situations, remember to always make it clear to the customers of the terms and conditions of the recurring billing. Also, make sure that they actually said YES to the deal, secure documentation that will serve as evidence that both parties have agreed on the amount of money and the time that it will be taken out of the account. Lastly, be true to the customer. Avoid making misrepresentations about what's going to be happen. Though the features may be kind of hard to swallow, your customers will definitely appreciate that you're laying all the cards in the table.</font><br /><br /><font face="tahoma,arial,helvetica,sans-serif" size="2"><strong>Recurring billing</strong> can be a powerful and effective tool in staying afloat. Learn to explore all the possibilities. Your goals in offering recurring billing are simple yet fruitful; stable profit, customer loyalty, and smooth work flow.</font><br /><br /><br /><br /><br /></div>
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