08 May What is a Scheduled Payment?
What is a Scheduled Payment?
Scheduled Payments are when you are taking payments on a regular or periodic basis from a customer for delivery of a product or service. This payment solution creates an environment where you can support a healthy cash flow with incremental payments that you can depend on as per the agreed schedule.
Can a Scheduled Payment be paid by either credit card or direct debit?
Yes! A scheduled payment can be set up to be paid by either method, giving you a choice to offer to your customer to help support the conversion of the sale. Once this is automated, this will take away a lot of the time and hassle of managing this manually.
What types of transactions would I use Scheduled Payments for?
Scheduled Payments have many applications. Some of the most recognized and popular include:
- Gym memberships
- Subscriptions to service or product
- Rental payments
- SaaS payments
- Pay as you go payments
Want to learn more? Contact us to discuss how to set up Scheduled Payments to support your business’ cash flow.