Recurring Payment Plans
Plan2Pay's cloud-based software allows merchants to enroll their customers in an automated billing cycle for subscription and installment services. Once recurring billing is established, you can focus on the quality of your merchant services instead of the hassles associated with billing. The customer also benefits from an automated system that ensures bills are paid on time and do not become delinquent. It's a win-win!
Enrollment
Customer enrolls with a signed agreement indicating a preferred payment schedule.
Payment
Customer chooses to pay with an Automated Clearing House (ACH) or a credit card.
Recurring Schedule
Payments are automatically processed on the scheduled dates and deposited into the merchant's account. The billing cycle continues until the service is cancelled or a bill is paid-in-full.
A simple internet connection provides full access to Plan2Pay's recurring billing platform. Quickly enroll customers with a simple interface to our interactive virtual environment. All customer data is maintained at the highest levels of security standards required by NACHA and PCI.
Dynamic reporting provides the proper oversight necessary to better understand payment trends and cash flow forecasting. Graphs, charts and custom reports are at your fingertips for easy management of the entire billing process.
Predictable Cash Flow
Recurring bill payments generate predictable revenue over the life of a subscription or installment.
Customer Loyalty
Plan2Pay makes paying for goods easier and more affordable which promotes customer retention.
Organized Billing
The reduction of invoices, bill management and late payments decrease overhead.
Subscription Services
Membership and ongoing service providers are perfect candidates to offer recurring billing. An automated billing plan is an attractive and affordable way to increase revenue because customers prefer the simplicity of automating their payments.
Installment Services
Merchants providing high-dollar services can make it more affordable and flexible for customers. Installment payment plans break up large invoices and help prevent unpaid bills from going to a collection agency.
Declined Payments
At no extra cost, when accepting customer payments, there is always a possibility that a payment could be declined. Plan2Pay is fully integrated with our BounceBack Recovery service for a seamless transition of bounced ACHs or declined credit cards.
