Recurring billing is a great payment method for companies that offer services or products on a regular basis. It can be used in sales strategies or negotiations , bringing several advantages to the establishment.
This method is widely used by companies in sectors such as gyms, courses and dental services, providing a simplified and pleasant purchasing experience .
Understanding recurring billing is important for your business success. That’s why, throughout this article, we’ll talk more about this payment method, explaining how it can be integrated into your company . Keep reading!
Browse the content
What is recurring billing?
Recurring billing occurs when uk whatsapp number data are made periodically . Your phone bill, school fees , internet or any other subscription services fall under this category.
In this case, your company needs to create a contract, which will be signed by the parties involved . The agreement will specify the amount to be charged, due dates, interest for late payments , discounts, and other important information about the purchase.
The suspension of the charge will only occur when the customer chooses to cancel the service or when the subscription period comes to an end.
What is the difference between recurring payment and installment payment?
Although installment and recurring how to use augmented reality in marketing to engage more are made monthly, they do not have the same function . While installment payments divide the total amount into installments, receiving recurring payments is linked to a pre-established period.
In other words, installment payments are small portions of a large amount, linked to a purchase. In recurring payments , what you pay for is the use of the service or product, during a specific period.
To exemplify:
- Products and services with installment payments : cell phones, watches, furniture, clothing and office renovation, etc.
- Recurring payment products and services : monthly services, gyms, rentals, courses, billing service , internet, etc.
Asaas offers payment methods in installments and by subscription , which can be managed via the mobile app, desktop system or payment API.
What are the recurring payment methods?
Among the possibilities that the b2b phone list payment method brings. There are three options that are most popular: credit card, bank slip and Pix .
Each of them has its own distinct characteristics and advantages. Making it crucial to choose the one that best suits the dynamics of your business. Therefore, try to find out who your target audience is.
