Automated Recurring
Payments
Flexible Payment Solution
EFT Network’s easy-to-use Automated
Recurring Payments replaces the traditional method of billing and
collection by offering your customers flexible payment options to
pay a debt, utilizing regularly scheduled recurring payments, which
are debited from their customer’s bank account.
Key
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 acount 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 Automated Payments Work?
- 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.
|
