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Recurring Payment for Business

Recurring Payment

The regular payment service is a modern type of bill payment that is gaining momentum in various business areas and market segments. Recurring payments work like an automatic charge to a customer’s credit card or bank account to pay for purchased goods or services on an ongoing basis.

By connecting to the Exactly® Recurring Payment service with a reliable security system of Internet card payment acceptance, your customers will not have to manually enter data over and over again; so, invoices will be paid automatically.

Thanks to professional software and highly qualified experienced engineers, the Exactly® service works smoothly and accurately. The process goes as follows: the business owner should enable this option in the flow of payments, and the client should give the confirmation for the current write-off of his/her funds. If you have any difficulties, responsible and friendly customer support consultants will help you to resolve all technical and financial issues.

As soon as the user gives confirmation (and selects the subscription plan), the required amount will be debited from his/her personal account or from the account of the company at the appointed time (daily, weekly, monthly, and quarterly) to pay for different services:

  • Services of mobile communication, Internet provider, etc.
  • Rent
  • Utilities
  • Consulting services
  • Any other services with a fixed monthly costs
  • Repayment of loans from any banks
  • Replenishment of the deposit

Exactly® is a payment system that can enable recurring payments for businesses. It is enough to select subscription payment services on the website exactly.com, and a certain amount of funds will be debited from you every month.

Benefits from Implementing Recurring Payments in Business Model

The last decade has been accompanied by the rapid development of technology, which has radically changed the business world and the field of Internet banking. Thanks to the Exactly® service, many monetary transactions no longer need direct human control and are very easily automated, bringing many benefits for business development:

  • Reduced time costs

You don’t need to waste time creating payments. You give an order to the system, and the system sends your payments on a regular basis.

  • Simplicity

Setting up a recurring payment is very simple and as fast as possible. Just select the subscription plan that suits your needs to find out which one will improve your business flow.

  • Reliability

Your payments are made on time and securely with end-to-end PCI compliance (Payment Card Industry security standards).  Exactly® service allows its users to focus on their business and customer experience without worrying about technical and regulatory issues.

  • Expanding business boundaries

Any business owner can implement the subscription model of recurring payments, turning one-time purchases into long-lasting business relationships. This type of payment acceptance can be useful in the following business areas:

  • Internet entrepreneurs
  • Hosting and Internet providers
  • Services of subscriptions to electronic and printed publications, games, software
  • Various streaming services
  • Institutions that charge fees for utilities, mobile communications, insurance premiums, etc.
  • Companies providing educational programs, courses, training, coaching
  • Charitable, volunteer organizations, as well as organizations that accept regular contributions

Setting up the Recurring Payments Process

With the service offered by Exactly®, regular cash transactions do not require personal involvement, which saves time on processing and making payments, thereby providing more opportunities for boosting your business flow.

You do not need to look for reminder notes and keep in mind a dozen dates when you must make or receive the next payment. Setting up auto payments will give you a chance to stop worrying about bank charges for late loan repayments or lack of Internet at the time of transactions. Recurring (periodic) payments for mobile operator service will help you always stay in touch.

Exactly® service users can choose a payment connection option that suits exactly their business:

  • API-powered integrated page

If you already have a website or it is under development, you can integrate a payment calendar using the API. The integration process takes no more than a couple of minutes. All you have to do is to enter a few lines of code to your business site or online store and maintain the correct data transmissions between systems.

  • Hosted payment page

If you don’t have a website yet, the codes are not familiar to you, or you are using a blog, it is possible to create a recurring payment button. By clicking on the Buy button, the client gets transferred to a secure payment page.

There are two ways to set up automatic payments:

1) Set a specific day. Convenient for paying for the Internet, hosting, domains, that is, services with a monthly fee.

2) Set the limit for the account balance. For example, pay for the services of a mobile operator, messenger, and online games service. Funds will be debited when the account runs out of money.

Recurring online payments for corporate clients make it possible to:

  • remotely replenish, transfer, or withdraw money from the company’s account
  • monitor balances on deposit and interest accounts in real-time

Use the services of trusted resources, and recurrent payments will really make your life easier and free up time for more pleasant activities than annuity payments.

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