What is the best way to set up recurring payments?

Profile picture of the author Jeremy James by Jeremy James Posted: 01/10/2011
Hey guys,

I wanted to ask you a question.

What is the best way to set up recurring Credit Card payments?

Also - could I use this same method to take a one time payment?

How hard/ and how much time is required to do it?

Thanks.

Jeremy
#payments #recurring #set

  • Profile picture of the author teaball
    teaball
    Originally Posted by Jeremy James View Post
    Hey guys,

    I wanted to ask you a question.

    What is the best way to set up recurring Credit Card payments?

    Also - could I use this same method to take a one time payment?

    How hard/ and how much time is required to do it?

    Thanks.

    Jeremy

    I do everything through PayPal.

    Different button for each customer, different one for each service. And, for one time payments.

    so, it's a different group of buttons for each customer. It makes tracking payments muuuuccchhh easier.

    Set up the autoresponder sequence to "send" them a notice before each recurring payment. ( one customer has it sent to the bookkeeper and himself)

    And, an update report with measurement of traffic, ranking, Places page info etc. goes out before the notice and the recurring payment.
  • Profile picture of the author GeorgeO7
  • Profile picture of the author Curtez Riggs
    Curtez Riggs
    Originally Posted by GeorgeO7 View Post

    I agree 200% I recently started using the software and it has simplified estimates, invoicing and scheduling payments.
  • Profile picture of the author rafterman
    rafterman
    of course paypal is one suggestion.
  • Profile picture of the author dave braithwaite
    dave braithwaite
    i used paypal for all my ebay dealings and have to say never had a problem with it highly recommended
  • Profile picture of the author Dexx
    Dexx
    Another vote for Freshbooks here
  • Profile picture of the author Jeremy James
    Jeremy James
    Who do you all use for a Payment Gateway? Freshbooks uses several, but, prefer Authorize.net, and, they charge a $99 set up fee - is that the best I am going to find?
  • Profile picture of the author auradev
    auradev
    Authnet ARB is the best if you want it to be seemlessly integrated into your site and take credit cards.

    It can be a pain to setup though, php IS required.

    Paypal is nice when you are getting started. Also low maintenance. I actually like it better than authnet, but there are downsides to sending someone thru paypals system (for ecommerce tracking).
  • Profile picture of the author Dexx
    Dexx
    Authorize.net is very reasonable and many other systems integrate well with them.

    Try and negotiate down the setup fee (possibly), and watch for the contract terms/length/cancellation fee.

    ~Dexx


    Originally Posted by Jeremy James View Post
    Who do you all use for a Payment Gateway? Freshbooks uses several, but, prefer Authorize.net, and, they charge a $99 set up fee - is that the best I am going to find?
  • Profile picture of the author lewiswharf
    lewiswharf
    It's really important to understand that if you decide to integrate a payment gateway into your site, such as Authorize.net, you must adhere to the Payment Card Industry Standards. The standards are contractual and here in Massachusetts, there are laws that dictate similar standards for businesses dealing with Massachusetts resident (even if the business is outside of Massachusetts). PCI compliance is expensive. Using an all-in-one solution like PayPal, you minimize the cost significantly.
  • Profile picture of the author Jeremy James
    Jeremy James
    Well - here is my thought. I have heard of Check Composer for quite a while - and, that is basically a system where you print out checks from your own computer on check stock = and take it to the bank. On the signature line, it just says "signature on file." It is perfectly legal. It is only .20 per check. That beats the 1-2% of credit card payments.

    What do you guys think about that?
  • Profile picture of the author SirThomas
    SirThomas
    Contact your bank and ask about "online invoicing".

    I bank with Wells Fargo and here's what they offer for $9.95 a month:


    Create and send professional-quality invoices and receive payments online
    • Your customers can pay online by bank transfer from any U.S. bank account or if your business accepts card payments, by debit or credit card, simply by clicking on a secure link.
    • Set up automatic payment reminders and past-due notices.
    • Access comprehensive reporting tools, so it's easy to check if an invoice is paid, outstanding, past-due and more.
    Your customers can sign-up for an automatic direct bill payment, just like with mortgages or car payments. They can cancel at any time with a click of a mouse.


    Thomas


    PS. You can also do "check deposits". I did that in the past a lot... You will need their permission to do it every month. Get signatures.
  • Profile picture of the author Jagua
    Jagua
    there is a trade off in this recommendation because a paypal only solution probably leaves sales on the table. not everyone knows that you can pull out your Visa card when you see the Paypal button. More PCI Compliance= fewer sales?
  • Profile picture of the author redcell1
    redcell1
    I would look into chargify, they do recurring payments and they have a easy to use system. I would also recommend freshbooks as that is what I currently use for my clients.
  • Profile picture of the author catcat
    catcat
    Paypal to get started and then look at the alternatives. Whatever you can do to just get the ball rolling and then upgrade.
  • Profile picture of the author Tjmcnich
    Tjmcnich
    Thats a great question.... I'm still in the process of making my business however I will have some recurring monthly charges I need to deal with... I was planning on getting their CC information and setting up the recurring payments for them.... Most probably dont even know how to use a computer. what program can I use to do this?
  • Profile picture of the author Amir Luis
    Amir Luis
    If you are using paypal and you want to have the same invoiceing and management abilities as freshbooks... you might try Cannybill.com


    Just a thought. You can still use Paypal, set up recurring payments, and track and forcast sales.

    Pretty cool reallly.
  • Profile picture of the author Tjmcnich
    Tjmcnich
    Amir with cannybill your able to set up recurring payments for the 90 year old pizza guy who has never used a computer before right? without him doing a thing other then hand his wife's credit card over to you?
  • Profile picture of the author cpamassive
    cpamassive
    try freshbooks
  • Profile picture of the author paulie888
    paulie888
    The easiest way to do this when you're just starting out is to create a subscription link for your client in Paypal, where you can specify the amount of the initial and recurring payments, as well as how often the client is billed.

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