Recurring Payments
As consumers face increasing pressures and time constraints, they look for new ways to simplify their lives and manage finances. JetPay's Recurring Payments offers a convenient way to save cardholders time by providing an automatic payment method for recurring and installment charges.
Recurring Payments builds loyalty and increases usage for card issuers. For merchants, Recurring Payments is an easy way to increase retention, improve customer satisfaction and reduce operational expenses. Recurring Payments provides acquires with a valuable tool to offer merchants and ultimately increases transaction revenue through increased card usage.
Build Customer Loyalty
Recurring Payments is a valuable loyalty tool which increases retention by offering customers an easy way to reduce the time and hassle associated with paying monthly bills. Customer relationships last longer with a recurring payments program. With Recurring Payments, businesses can capitalize on these trends and develop long-term, mutually-beneficial relationships with their customers.
Simplicity and Convenience
With Recurring Payments, customers pay their recurring expenses automatically. Cardholders benefit from no checks or late payments, which also saves them valuable time each month. By reducing the number of checks, late payments and accounts in collections, Recurring Payments helps businesses operate more efficiently-saving both time and money.
Improve Profitability
Customers who automatically pay bills with their cards make fewer customer service calls than those who pay by check, helping reduce operational costs. Furthermore, Recurring Payments can help merchants increase profitability by reducing charge-offs and exception-processing expenses.
Extended Buying Power
Recurring Payments can increase the ability for customers to purchase higher-ticket items through installment agreements, which replace outdated layaway programs.
- Full recurring qualification transactions need to be populated with the proper recurring information when an authorization is performed.
- Cards that have expired get new expiration dates and are authorized without customer intervention.
- Upgraded customer card numbers are retrieved from the issuer without customer intervention.
- Billing information is stored in a secured facility.