Are automated payments right for your company

If you’re like most business owners, you’ve worked hard at building your business. You have invested a lot of time and money getting your business to it’s current level of success. You have even implemented a well thought out payment plan for your customers.

Here’s the PROBLEM:

Too many of your customers are not paying their bill on time, or not paying at all. Your company is experiencing all of the high costs related to old fashioned, expensive, and inefficient billing methods. There are also additional costs to collect on delinquent accounts. Your company may also be experiencing missing funds or employee theft.

Here’s the SOLUTION:

An automatic payment is simply the process of electronically transferring your customer’s payment from their checking account, savings account, credit card, or debit card to your business’s bank account. This transfer is done on a pre-selected date.

By implementing an automated payment plan for your customers, you will significantly reduce the number of delinquent accounts. You will also greatly reduce the costs associated with billing your customers. Missing funds and employee theft will be eliminated.

Electronic Payment Specialists
since 1987
 

 

Getting started

Once you have decided to implement an automated payment plan, you must decide who will process the payments for you. Basically you have 3 choices:

  1. Apply and qualify under the strict credit requirements of a bank. Your company must purchase special software and undertake a complete training program. Your company must do all of the data entry and processing. Your company will pay bank rates.

    2. - or -

  2. Use a retail third party processor and pay rates that are many times higher than bank rates.


    3. - or -

  3. Use Automated Payment Systems. Let Automated Payment Systems (APS) do all of the data entry and processing, and you pay the much lower bank rates. APS has been processing automated payments since 1987. We specialize in electronic payment services. By utilizing APS’s many years of experience you will maximize your income and minimize your billing costs.

The choice is simple !

Here’s how it works

Your customer signs a simple authorization outlining the details of their payment. This authorization information is sent to APS. At the time the payment is to be made, APS will transfer the payment from the customer’s bank or credit card account to your business’s bank account and a report is sent.

An automatic payment can be set up to run for a set number of months, or the payment can be set up to run continually until stopped or changed. The payment amount may also be changed for each payment. Payments may be processed weekly, semi-monthly, monthly, bi-monthly, quarterly, semi-annually, annually, or anyother cycle.

That’s it !   It’s that easy !

APS offers many methods for you to send and receive your company’s automated payment information. You may choose a simple paper-based system, or you may decide to use a sophisticated electronic system. We can accommodate any business software you may be using in order to make the processing easier and more efficient.