Recurring Payments

Recurring Payment Solutions

Do you bill your customers automatically for routine products or services on a monthly or weekly basis? If you are a membership-based or subscription service organization, or even a charitable organization, then the Recurring Payment module is the right solution for you.

The Recurring Payment module allows you to take control of the customer billing process by giving you the flexibility to set up automated, recurring payments for fixed amounts on your customer’s credit card. With this module you can set up and manage payments, schedule payment frequency and duration, suspend payments as required and generate credit card expiration reports in advance of upcoming billing. Moneris also stores and protects all of the credit card information, so you don’t have to worry about keeping it on file.

Benefits

• Reduce administration time - Access transaction reports with the click of a button and eliminate the process of manually diarizing cheque payments.
• Improve cash flow - Get paid faster – once a credit card is authorized, the funds are channelled to your bank account and you can access them within business days.
• Reduce errors - Automated payment on credit cards reduces all of the errors that occur with the acceptance of cheques, such as encoding problems and wrong amounts or dates.
• Reduce collection expenses - Time spent collecting missed payments can be very costly, especially with NSF cheques.
• Increase customer satisfaction - When customers pay for routine bill payments using their credit card, they often benefit by collecting additional loyalty points.
• Reduce security risk - Store customers’ credit card information on our secure servers and limit the risk of cardholder account compromise.

The Recurring Payments Module is a part of eSELECTplus - An easy-to-use, multi-functional application that leverages a PC and web browser to process card payments. Getting started with eSELECTplus is quick and easy, and there’s no software to install. eSELECTplus is so versatile that it can be used throughout your organization to increase efficiencies and save money.