Remote Deposit Services
Automated Recurring Payments
CHECKredi’s Automated Recurring Payments service replaces the traditional method of billing and collection by offering you the ability to automatically debit the customer’s account when it is time to pay. You can schedule payments on a one-time, weekly, bi-weekly, monthly, quarterly, bi-annual or annual basis. This product is great for rent-to-own companies, apartment complexes, gyms and companies that sign contracts with their customers to pay a flat rate at a fixed time.
Features:
- Schedule payments one-time, weekly, monthly, quarterly, bi-annual or annual
- Complimentary use of our software without the need to purchase additional equipment
- 24/7 access to your account via our secure website
- Seamlessly upload detailed paid data file to your accounts receivable system
- User-friendly interface, requiring only internet access
- Returned transactions easily re-submitted for payment
How does the automated recurring payments system work?
Step by Step
- Payment schedule is set up in the Automated Payment System
- Payments are debited on a one-time, weekly, bi-weekly, monthly, bi-monthly, annual or bi-annual schedule
- Funds are debited from consumer’s account as per the payment schedule
- Funds are transmitted into the client’s account after funds have cleared
- Non-paid transactions are reported to merchant via our secure website