10 Reasons to Use Pre-Authorized Checking
10. Increase Customer Retention!
Industry statistics support the claim that clients on an auto-pay type system remain faithful customers in excess of 90% of the time.
9. In-house collection
Pre-Authorized Checking (PAC) can be the perfect answer to the "age-old" excuse -"The check's in the mail." All you need to process a preauthorized check is written consent and their checking account information. This system will turn every call into a collection call.
8. Reduce billing and invoicing costs
Each and every draft produced by PAC will save your company money. How? The average business spends $4.17 per customer per month to bill their customers. By reducing invoicing, mailing, bookkeeping and all the other associated billing expenses.
7. Convert NSF checks into new drafts
If you receive any NSF checks, you can contact the customer and with their consent reissue the payment to your company. You can even obtain customer consent to include the bad check fee in the new draft.
6. Mail order, COD and telephone sales
With our system you can close those telephone sales immediately by drafting the customer's checking account. Much like a credit card order, you get the sale now, but without the payment delays, rejects and merchant card fees.
5. Installment plans and recurring billings
Our "silent payment" concept helps prevent account delinquency. You get paid when the installment is due, not a week later! Customers will appreciate the convenience of automatic payments - no more forgetting, ignoring, or worrying about past due accounts or service interruptions.
4. The ultimate fund-raising tool
Members and donors can simply charge their checking accounts, instead of having to remember to mail a promised donation. This helps to eliminate the "fallout factor" of fund-raising. Great for non-profit partner donors, church building programs and telethons of all types.
3. Improve your Customer Service
Many customers will appreciate the convenience of PAC account payments. No more late fees, lapsed memberships or interrupted service. Our mission statement at ABS is Uncommon Customer Service. It can be your goal also.
2. It's a win-win situation
The PAC solution benefits both you and your customer. You cannot afford the opportunity cost of forgone business growth, or the possibility that your clients who desire the convenience of auto-pay would find another provider who offers this service.
1. Increase and accelerate your Cash Flow
The PAC solution puts you in control. You decide when you get paid. PAC checks can be produced for immediate sales and implemented effortlessly on all recurring invoicing services or products.
Bottom line: We can dramatically improve the cash flow operations of your business!
Call today for a no-obligation review of your receivables situation.
