There’s no question that collecting recurring payments from customers as ‘automated payments’ is a thousand times better than trying to collect payments the old fashioned way. Who has time these days to write a check, stamp an envelope, and place it in the mail? Time is a valuable commodity we don’t have enough of. Using electronic customer payments is one of the best financial tools a business can implement.
When a business considers implementing an automated payment plan for their customers, the business may wonder how well their customers will embrace it. We’re here to tell you – stop worrying, they’ll love it. In fact, not only can automated payments greatly benefit a business, but also simplify life for the consumer. Take, for instance, this article we found called “Automatic Payments Take the Pain Out of Paying Bills,” published by “Kiplinger’s Money Power.” In it, consumers themselves are encouraged to pay their personal bills automatically:
“If you’re tired of writing checks, addressing envelopes, licking stamps – that is, tired of paying bills – consider joining the many consumers who have switched to automatic payments.”
More and more consumers are now beginning to demand the option of automated payments, just to save them the hassle of sending a check in the mail. However, saving time isn’t the only reason to consider automated payments. The article continues to illustrate the benefits to both the business and consumer, including:
- Lower costs to the business, which means lower costs to the customer
- Bills that may fluctuate also can be automated
- A business may also offer lower interest rates to those who choose an automated payment option
This creates a win/win scenario in our minds. Why wouldn’t a business want to start saving money and time for themselves and their customers? Put it this way: the cost of a single automated payment with APS is only 12 cents. Compared to the current cost of a single postage stamp (not to mention all the other manual billing costs), you will immediately save three-fourths the cost by switching that payment to APS. Let us help both your business and your customers save time and money. Give us a call at 800-274-0772.