EZYREC+ prioritizes your convenience over everything. Hence, its auto-pay feature is absolutely digital and cashless. Your customers can use EZYREC+ to setup for recurring payments by entering their bank details, payment amount and due date to set things in motion. On the other hand, you can use the application to send recurring invoices to your clients to notify them of the automatic billing. This provides the transparency and ease to build a healthy client-business relationship.
EZYREC+ supports multiple payment options with no minimum settlement amount or charge, allowing you to enjoy our low-cost service at affordable rate. Get in touch with one of our representatives today to take your business to the next level. Your customers will appreciate it as well as your bill collectors.
What does it mean by recurring payment?
Recurring payment is an automatic payment where a customer gives authorisation to the service provider to auto debit an amount of payments based on a prearranged schedule. This often applies to repeated purchases or subscriptions signed up by customers for a hassle-free payment method.
What is monthly recurring fee?
A monthly recurring fee happens when the payment will be automatically charged on a certain date every month. Examples for monthly recurring fees are prepaid subscriptions and memberships where the charges have to be paid monthly or weekly or any tie frame. There is a transaction fee included but it is often included at a low percentage.
What's the advantages of recurring billings?
You can avoid doing any late payments as recurring billing will be automated accordingly. Other administrative or hidden costs can also be reduced. The automatic payment is more secure because it involves the usage of payment gateway system for an encrypted transaction. Both business and customer will feel safe and guarded while making the payment for billing process.