Credit Card Processing and Recurring Payments

Recurring Payments is a convenient and powerful tool for managing recurring transactions such as club memberships, apartment and property management fees, child/day care centers. insurance payments,church tithes, musical instrument rental, storage customers and school tuition and expenses, among other periodic payments. eCommerce and mail order/telephone order [MOTO] merchants can utilize recurring payments flexibility to increase on-time payments, simplify your bookkeeping, reduce collection headaches, enhance customer service and build customer loyalty, while reducing authorization declines and overall administrative costs.
Recurring payments provides a variety of methods for creating “subscriptions” to bill customers on flexible payment cycles established by you can use your existing accounting software with a connection to our secured Virtual Terminal to create a database of recurring card payments.
Simply create a "subscription" that includes your customer's payment information, transaction amount, interval and duration. VERePAY does the rest, generating the subsequent recurring transactions based on your defined billing schedule and account amounts. Credit, debit, or stored value cards may be used. Deposits are made to your business account in the normal 48 hours.

Once you have activated a recurring transaction subscription there is nothing else you need to do. It’s automatic, so you can focus on building your business. The VerePay Virtual Terminal sends this data through at the scheduled times
Additionally, Recurring payments eliminates the need for you to warehouse sensitive data and reduces the risk of security-related fines. Recurring payments allow you to provide customers with an [always] on-time, hassle-free billing plan and you may even qualify for interchange rate discounts with BankCard Central.

For more information regarding our Recurring Payments solution, or to set up a Recurring Payments program, contact us today.