 Automatic Payment Manager (APM) lets you charge your customers by credit card or electronic check (ACH), billing them automatically on a weekly, bi-weekly, or monthly basis. Recurring payments are a growing part of the economy. They allow periodic billing to occur that is easy for merchants to administer as well as convenient for their customers. Once you obtain an authorization from your customer you are set to bill them automatically Growth Opportunity - Independent studies have found that recurring payments grew from $540 billion in 1997 to $820 billion in 2000, with 69% of consumers paying through at least one automatic payment program.
- Visa USA estimates growth of such payments to more than $1.1 trillion by 2005.
- Will your customers want automatic payments? A study showed that fully one third of consumers under age 44 are open to recurring payments.
Key Benefits for Merchants - Save on invoice processing costs, postage, envelopes, etc...
- No waiting for "checks in the mail"
- More predictable cash flow
- Save on labor costs
- Sensitive payment data stored on secure system
- Reduced risk of human error
Key Benefits for Customers - No worrying about paying a bill on time
- Hassle free payment - no writing checks or posting stamps
- Decreased chance of late fees
Benefit from this trend and save your staff time while expediting collection of your receivables. 
| 
