- What Payment Types Do You Need to Accept ?
Do you need to accept credit card payments? If so, which types? Do you also want to accept SEPA DD payments? Do you want to accept any alternate payment methods such as PayPal? It’s important to use recurring billing software that supports all of the payment types you want to accept.
- Do You Need a Merchant Account?
If credit card and Direct payment acceptance is important, then you will need a merchant account. When looking at recurring services, it’s best to find one like recurrer global that has an integrated merchant account. The need to integrate a merchant account with your billing system which can be painful and also leaves you with many providers to have to deal with when troubleshooting issues.
- Do You Have Payment Acceptance Needs Beyond Recurring Billing?
While automating recurring billing is your primary goal, think through if your business ever needs to process a one-off payment or send an invoice. Many businesses have multiple ways they collect online payments from customers. Look for a recurring billing system that covers as many of your payment collection needs as possible, like recurrer global.
- How Much Technical Expertise Are You Able to Dedicate for Online Recurring Payment Acceptance on Your Website?
Many businesses that have subscription type services frequently utilize website sign-up and online payment collection for fully automating recurring billing. If you are lacking in technical expertise or want to got to market fast, look for a solution like recurrer global that will facilitate subscription sign-up and online payment processing in the cloud for you. (Or if you want use our API)
- How Much Flexibility Do You Need in Recurring Payment Options?
Do you have setup fees or other custom payments that you charge? If so, be sure your recurring billing system makes it as easy as recurrer global to charge these add-on items without extra manual work.
- How Much of the Payments Process Do You Want to Automate?
Recurrer global is a system that will automatically e-mail your customers payment receipts, failed payment notifications, grace periods and even pre-notifications of upcoming payments. Having great payment communications is key for maintaining great customer relationships.
The Recurrer Guide to choosing the right recurring Payments solution.
- What Are Your Reporting Needs?
Do you want a system that proactively helps notify you of issues to keep your auto recurring billing running smoothly? For example, staying on top of credit cards that will expire before the next recurring payment is due and being notified immediately of any recurring payments that fail will keep your billing running smoothly.
- What Are Your Data Sharing Needs?
Do you have other systems that you’ll need to integrate with your billing software? If so, that robust API will come in handy. Or if you have more simplistic data sharing needs such as importing customers and exporting payments, a solution with simple import/export options will suffice.
- What Type of Editing Capabilities Will You Need Over Your Recurring Schedules?
Will you ever need to suspend the schedules until a certain date? Will you ever need to modify the billing frequency or the date your customer is charged? Will you need to change the subscription amount or update any customer information? Many systems have tight restrictions around editing capabilities which can cause lots of extra data entry. If you anticipate needing editing capabilities, be sure to find a solution like recurrer global that is flexible.
- How Much Upfront Configuration and Investment is Right for You?
Some automated billing solutions require weeks of setup to get going while recurrer global is cloud-based and can literally have you up and accepting online payment in a matter of hours.
– support is another item to consider. If it’s important for you to have a live person on the other end of the phone line when troubleshooting issues, be sure that option is available an included.