As a large or small business, charity, or whatever facet of business you may be in. Recurring payments offer a plethora of benefits.Below are some of the benefits of recurring payments:
Consistent monthly cash flow. When you know in advance where your money is coming form you are better able to plan and make important decisions to help your business or charity grow. Being in the know is a step up for any merchant account.
On time payments. You can create more time and fewer missed payments from your clients. Recurring payments will also help you to not have to chase down payments.
You don’t have to wait on your invoice to clear. With ACH recurring payments you can avoid the wait of a check being held and get your money faster.
We all would like a higher customer retention rate. To stop future payments, customers must choose to opt out of recurring billing.