Nobody likes paying bills. The SignaPay Automatic Recurring Payments (ARP) processing capability lets you take the pain out of paying - for your customers, and for you. If your business bills customers on a regular, recurring basis, those payments can now be made automatically. Your customer simply designates a credit card, or authorizes you to use our Automated Clearing House (ACH) to withdraw funds directly from their bank account. You never worry about billing or collecting, your customer never worries about postage or late fees.
This service is great for subscriptions to services, like magazines publications, online memberships, Gym's, Car Dealerships, Golf memberships, and much more...
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How ACH Works
The ACH allows retailers to debit a customer's checking account for purchases made at the point-of purchase. This electronic form of payment benefits both customers and retailers.
The customer registers for the service by providing a voided check containing the checking account number and gives authorization to the retailer to debit the customer's checking account automatically or on demand.
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You verify the customer's signature and identification and then enter the customer information and checking account data into the authorization system.
When the customer uses the ACH Service, the purchase amount is submitted for authorization and capture and is approved based on the retailer's parameters and the customer's ACH Card activity.
Benefits of ACH processing
- Eliminating the check-writing
- Eliminate trips to deposit checks in your banking account
- Increases customer loyalty
- Provides easy clearing and settlement
- Reduces risk and protects the retailer
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