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Technology > Cash Now TeleCheck > Eclipse Terminal > Electronic Check
> Cash Now E5 > Checks by Phone > Recurring Payment

A New Way of Getting Paid

TeleCheck offers an innovative service that enables you to cost-effectively receive payments, electronically from customers on a recurring basis.

With TeleCheck Recurring Payment services (TRP), your company can cost-effectively receive payments from customers on a recurring basis while reaping the benefits of increased cash flow, profitability, productivity and customer retention. Your customer will enjoy the convenience of making payments the way more than 1/3 of U.S. households are already paying at least one bill. The benefits of TRP services create the winning combination you need to exceed your business goals.

Experience Means Success

TeleCheck has the expertise in electronic payments to ensure your business sucess. As your partner, TeleCheck will assist you in implementing, marketing and developing a recurring payment program that benefits both you and your customers.

Your customers only need to fill out the enrollment form that is included in the brochure and choose a payment method. They have the option of using their checking account or credit/debit card (VISA, MasterCard, American Express or Discover) to make their payments.

Cost Effective and Easy

With TeleCheck Recurring Payment services, you'll spend less time on the billing process, reduce postage and paper costs, and lower your operating expenses. And, the serivce is easy to use. On the payment dates that you have chosen, the funds will be automatically debited or charged to your customers' account. The funds are deposited into your account within two banking days. To help keep track of your payment activity, TeleCheck provides easy-to-understand reports detailing all of your transactions. You can even use your computer to access your reports online, or automatically update your accounts receivable records.

Convenient for your Customers

With TRP, your customers can make automatic payments using their checking account or credit/debit card, which eliminates the hassles of writing checks, buying stamps and mailing payments. And, becuase TRP utilizes the same technology used for the direct deposit of paychecks and ATM machines, your customer will feel comfortable enrolling for the service.

Offering the option of paying bills automatically is a win-win scenario: Your customers get the convenience of hassle-free payments, and you receive your money on time, the same time, every payment period.

Automatic Payments Can Help You Too:

  • Predict your cash flow
  • Increase Profitability
  • Decrease accounting time
  • Lower operating costs
  • Reduce collection problems

 

 
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