Streamline Your Billing Processes with Payscout’s Recurring Billing Services

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Payscout offers customized payment processing services to help streamline your organization’s recurring billing operations.

Payment processing and recurring billing are inherently complex with many moving parts. Whether your organization uses a point of sale payment system, mobile payment processing, or recurring billing, Payscout has everything you need to make the operation as seamless as possible.

 What is Recurring Billing?

Recurring billing is common among industries that provide services or goods on a prearranged schedule. It’s a convenient service for both providers and customers and offers a routine charge for purchases that occur on a regular basis, including utility payment processing, a subscription-based service, or a non-profit payment processing system that collects monthly, quarterly, or annual dues.

However, recurring billing has some drawbacks. For example, it can be cumbersome to correct a billing error, since most customers won’t pay too close attention to a recurring billing statement. There is a higher likelihood that an error could go unnoticed for an extended period of time.

Payscout offers three customized recurring payment options based on your organization’s services and billing cycle, including:

Traditional Recurring Billing

Payscout’s traditional recurring billing options allow you to set up a recurring billing account for a specific dollar amount, either for a specific day, a specified period of time, or indefinitely.

This option involves setting up a recurring billing option using a credit card or an automated clearing house (ACH), also known as an electronic check. This service is ideal for recurring services like a subscription or donation.

Expanded Recurring Billing

The expanded/plan recurring billing program lets you set up a billing plan and add an unlimited number of cardholders. You can also change the dollar amount to be charged and the timing and frequency of charges.

As an added benefit, any change you make will go into effect immediately for every cardholder on the account. This provides seamless, efficient updates for both the customer and service provider.

 Modifiable Recurring Billing

Payscout’s modified recurring billing option allows service providers to create and upload recurring billing information using an Excel spreadsheet directly into Payscout’s online portal. When you need to make a change to a customer’s billing information or dollar amount, simply make the change in Excel and upload a new spreadsheet.

You can also use an Excel template and save it in your Payscout account, which you can then use for future payment processing. This powerful option lets you process 50,000 transactions easily and efficiently, saving you and your customers valuable time.

Learn how to streamline your recurring billing processes today at www.payscout.com

Protect Your Business with Payscout’s Check Protection and Verification Services

Close-up Of A Businessperson's Hand Giving Cheque To Colleague At Workplace

In the age of cashless checkouts, mobile wallets, and wearable payment devices, there might be a tendency to neglect some of the seemingly “antiquated” forms of payment, including good old-fashioned checks. Although many checks are submitted electronically in the form of an electronic funds transfer (EFT) or automated clearing house transfer (ACH), some people still prefer paper checks, especially when they can avoid convenience fees.

Payscout offers check protection and verification services that can complement your existing electronic payment processing system or accounts receivable collections software to ensure all of your financial operations are secure and accurate, whether you operate domestically or internationally.

Payscout services include:

Check Verification

Payscout offers a variety of check networks that allow you to evaluate the risk of a customer’s check. You can determine if the customer has any outstanding bad checks, a history of bounced checks, or any negative accounts. This service is often used by smaller retail institutions and comes with a small transaction fee.

Check Guarantee

For even greater security, Payscout offers a check guarantee service, even if the check initially bounces. You simply enter the check writer’s identifying information, and a third-party guarantee company will respond and inform you as to whether or not it will guarantee payment. If approved and the check bounces, you can send the check to the guarantee company and receive reimbursement.

Electronic Check Conversion

This service allows you to convert a paper check into an electronic transaction that is guaranteed as long as you follow required procedures. When you opt to convert a check to an electronic transfer, Payscout returns the paper copy to the original writer or they void the check and send it to the check processor. The funds are then deposited electronically into your checking account.

Electronic check conversion provides the highest level of protection against insufficient funds and can also eliminate trips to the bank as well as simplify the reconciliation process with your financial institution.

These services can help secure and streamline payment processing across sectors and even countries. For example, if you are expanding your business overseas, an electronic check conversion service is a secure way to verify that an account is open, valid, and in positive standing and streamline international payment processing options.

Check protection and verification has wide applications for the healthcare industry, too. Providers can easily enhance their existing healthcare payment processing and increase the efficiency of their accounts receivable operations. This service will help reduce the amount of time tracking down patients with bounced checks and also provide access to patients’ issuing financial institution.

Learn more about opportunities to enhance your existing payment system with check protection and verification options at www.payscout.com