Collecting Recurring Payments of $10K+

65 replies
Hello, I'm doing some internet marketing for local business and I've pretty much closed multiple deals of $10K or more, and these business owners are going to be paying me regularly.

This is my question:

After they have agreed to a 12 month marketing & payment agreement - how can I automatically take money out their bank account (with their approval of course), of $10K or more on the 1st of every month?

The answer to this question would help tremendously!
#$10k #collecting #payments #recurring
  • Profile picture of the author webmarketer
    Doesn't the contract drawn out per your agreement specify that? Better ask a specialist--lawyer or accountant, this case.
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  • Profile picture of the author Jonathan S
    You can use Paypal Recurring Payment or Direct Debit from their bank account. You can also ask your customer to setup their monthly payment for you via Standing Orders from their bank. There are actually lots of ways to do it, you can also use third party services so you won't think about the pain of money transactions.
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    • Profile picture of the author Steve B
      I wouldn't suggest using PayPal given the monthly amounts you're talking unless you don't care that PayPal can freeze your account and stop income that you've earned. There are lots of threads here at the WF telling horror stories of PayPal freezing funds. Granted, most of those cases are probably because the account holder breached the PayPal terms. But still, I wouldn't want my income every month going through PayPal because of their control.

      The process of receiving payments directly from the client's bank (his account) begins at your bank. You need to set up a special account to be able to receive direct payments. Your bank will help you do this.

      The client must have a bank account that allows direct-to-you payments to be made on a recurring basis. He will have to give his bank routing and account information to your bank in order to set things up.

      There are a number of details that must be set up or adhered to in order to make these payments happen automatically, but your bank is the starting place (and the main player) in this whole process.

      Be aware that your client(s) may not want to do this or may decide after a few months that they want to cancel the permission they've given to have the payments automatically extracted. I know you're trying to protect your income stream, but in my experience, you'll still have to satisfy your client on a monthly basis that you are keeping your end of the contract.

      Good luck to you,

      Steve
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      • Profile picture of the author Chris30K
        Originally Posted by Steve B View Post

        I wouldn't suggest using PayPal given the monthly amounts you're talking unless you don't care that PayPal can freeze your account and stop income that you've earned. There are lots of threads here at the WF telling horror stories of PayPal freezing funds. Granted, most of those cases are probably because the account holder breached the PayPal terms. But still, I wouldn't want my income every month going through PayPal because of their control.

        The process of receiving payments directly from the client's bank (his account) begins at your bank. You need to set up a special account to be able to receive direct payments. Your bank will help you do this.

        The client must have a bank account that allows direct-to-you payments to be made on a recurring basis. He will have to give his bank routing and account information to your bank in order to set things up.

        There are a number of details that must be set up or adhered to in order to make these payments happen automatically, but your bank is the starting place (and the main player) in this whole process.

        Be aware that your client(s) may not want to do this or may decide after a few months that they want to cancel the permission they've given to have the payments automatically extracted. I know you're trying to protect your income stream, but in my experience, you'll still have to satisfy your client on a monthly basis that you are keeping your end of the contract.

        Good luck to you,

        Steve
        This is a quality reply. Thank you!
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    • Profile picture of the author David Beroff
      I'm not getting on your case; this article may actually be quite helpful for some business people. But I couldn't help but giggle at the pictures, whose sole purpose appears to be facilitating the phrase "(with Pictures)" in the web page title.
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  • Profile picture of the author BigFrank
    Banned
    Originally Posted by Chris30K View Post

    I've pretty much closed multiple deals of $10K or more,
    Does that translate to, 'no one has actually signed their contract.' Just wonderin'.

    This is WF, after all. :-)

    Cheers. - Frank
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    • Profile picture of the author DubDubDubDot
      Originally Posted by BigFrank View Post

      Does that translate to, 'no one has actually signed their contract.' Just wonderin'.

      This is WF, after all. :-)

      Cheers. - Frank
      http://www.warriorforum.com/main-int...-0-invest.html
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    • Profile picture of the author Chris30K
      Originally Posted by BigFrank View Post

      Does that translate to, 'no one has actually signed their contract.' Just wonderin'.

      This is WF, after all. :-)

      Cheers. - Frank
      Do you have a purpose in life?
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      • Profile picture of the author BigFrank
        Banned
        Originally Posted by Chris30K View Post

        Do you have a purpose in life?
        Nope!

        Cheers. - Frank
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        • Profile picture of the author Chris30K
          My Response to Frank:

          Originally Posted by BigFrank View Post

          I guess IM miracles DO happen. Either that or the Internet BS pile gets deeper with each passing day. I wonder which is more likely to be true.

          Cheers. - Frank
          Originally Posted by BigFrank View Post

          Just another IM doofus mantra. There are dozens of them. lol

          Cheers. - Frank
          Originally Posted by BigFrank View Post

          More than likely!

          Cheers. - Frank
          Originally Posted by BigFrank View Post

          Does that translate to, 'no one has actually signed their contract.' Just wonderin'.

          This is WF, after all. :-)

          Cheers. - Frank
          Originally Posted by BigFrank View Post

          No argument from me!

          Cheers. - Frank
          Originally Posted by BigFrank View Post

          People being hungry and/or homeless is depressing. The antics of the IM masses are laughable. You just need to adopt a different perspective on life and what truly matters. :-)

          Cheers. - Frank
          Originally Posted by BigFrank View Post

          It's the Internet in general and the IM world in particular. You can't find another aspect of life that contains more rampant BS that people are happy to regard as gospel. What's worse are the people that refuse to acknowledge this fact. They only exacerbate the problem.

          Cheers. - Frank
          Originally Posted by BigFrank View Post

          Have you considered actually thinking the question through?

          Cheers. - Frank
          Originally Posted by BigFrank View Post

          Nope!

          Cheers. - Frank
          This is why I'm significantly more productive than you. I have 244 posts since December 2008, I'm half your age, I soak up everything as a lurker and get to work. I sell, and I could probably run circles around you in sales. You, in 2 years, have far surpassed anything I could've ever done on the Warrior Forum in terms of stupidity.

          Are you building your business by adding value with these posts? No, you sit on here all day and spout off your nonsense that lacks any usefulness, in fact, if anything, you reveal your foolishness to the world.

          A wise man would've asked me: "How did I do it?", but fools like you criticize that in which they do not know. I'm not going to entertain your behavior, because I don't like communicating with fools.

          Good luck.

          Learn from the guys below that I've quoted. You can learn something from them.
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          • Profile picture of the author BigFrank
            Banned
            Originally Posted by Chris30K View Post

            My Response to Frank:
            You're hilarious.

            This is my backyard:




            This is one of my cars:



            I worked for 50 years. I'm totally disabled. I have been homeless, twice, I've been incarcerated and institutionalized, more than once. I bought my Apple stock when it was $15.

            I'm basically retired and come and go as I please with more passive income than you will ever know.

            You're pathetic. lol

            Cheers. - Frank

            P.S. Hopefully now you will STFU and get at least one contract actually signed, but I doubt that will ever happen. You're a poser and a dreamer - not a doer!
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            • Profile picture of the author Chris30K
              Originally Posted by BigFrank View Post

              You're hilarious.

              This is my backyard:




              This is one of my cars:



              I worked for 50 years. I'm totally disabled. I have been homeless, twice, I've been incarcerated and institutionalized, more than once. I bought my Apple stock when it was $15.

              I'm basically retired and come and go as I please with more passive income than you will ever know.

              You're pathetic. lol

              Cheers. - Frank

              P.S. Hopefully now you will STFU and get at least one contract actually signed, but I doubt that will ever happen. You're a poser and a dreamer - not a doer!
              Again. You add no value to this conversation. You just pulled out your ruler and took a selfie at the right angle. But as they say, age is not a replacement for wisdom.
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              • Profile picture of the author BigFrank
                Banned
                Originally Posted by Chris30K View Post

                Again. You add no value to this conversation. You just pulled our your ruler. But as they say, age is not a replacement for wisdom.
                Translation: "You win, Frank. I got nuthin'. I'm sorry."

                Cheers. - Frank

                P.S. I love the way you edited your post before anyone could see what you actually wrote. I would have been embarrassed, too. Like I said, totally pathetic.

                Additionally, at least I require a ruler and not a micrometer, oh, wise one!
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            • Profile picture of the author DubDubDubDot
              Originally Posted by BigFrank View Post

              /Begin Troll Mode

              That ladder though.

              A man of proper distinction has his ladder custom made.

              You rigged that together using PVC pipes. Probably gathered from the construction dump.

              /End Troll Mode
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              • Profile picture of the author BigFrank
                Banned
                Originally Posted by DubDubDubDot View Post

                /Begin Troll Mode

                That ladder though. A man of proper distinction has his ladder custom made.
                That ain't me. :-)
                You rigged that together using PVC pipes. Probably gathered from the construction dump.
                Not hardly. I had a 320 tank tropical fish farm. I bought more PVC than anyone in New Jersey.

                Don't knock it. That ladder is still going strong, 18 years later. lol

                Cheers. - Frank
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              • Profile picture of the author Chris30K
                Originally Posted by DubDubDubDot View Post

                /Begin Troll Mode

                That ladder though.

                A man of proper distinction has his ladder custom made.

                You rigged that together using PVC pipes. Probably gathered from the construction dump.

                /End Troll Mode
                I'm just impressed the man went through all that to prove to me. Now I know how to collect recurring payments of $10K or more thanks to this guy. But again, I'm a pathetic poser loser for asking that question and trying to prepare for big business. God forbid someone actually succeed on this forum who's literally been on it for over half a decade.
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                • Profile picture of the author BigFrank
                  Banned
                  Originally Posted by Chris30K View Post

                  I'm just impressed the man went through all that to prove to me. Now I know how to collect recurring payments of $10K or more thanks to this guy. But again, I'm a pathetic poser loser for asking that question and trying to prepare for big business. God forbid someone actually succeed on this forum who's literally been on it for over half a decade.
                  You've pretty much closed multiple deals of $10K, like I've pretty much talked Kate Upton into having sex with me.

                  I have a feeling that I'll get laid before you get paid. Just sayin' . . . . .

                  Cheers. - Frank

                  P.S. Wow! "Half a decade.' You are an old-timer. lol
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                  • Profile picture of the author Chris30K
                    [DELETED]
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                  • Profile picture of the author Chris30K
                    Originally Posted by BigFrank View Post

                    You've pretty much closed multiple deals of $10K, like I've pretty much talked Kate Upton into having sex with me.

                    I have a feeling that I'll get laid before you get paid. Just sayin' . . . . .

                    Cheers. - Frank

                    P.S. Wow! "Half a decade.' You are an old-timer. lol
                    Considering the Internet was invented around the time you had a clean record, it's not too old.
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                    • Profile picture of the author Kay King
                      You got your answers - now pass 'go' and collect $10k a few times.

                      Don't try to win a battle of wits with Frank - he has nothing to lose and your cred will suffer.
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                      • Profile picture of the author BigFrank
                        Banned
                        Originally Posted by Kay King View Post

                        Don't try to win a battle of wits with Frank - he has nothing to lose and your cred will suffer.
                        I never engage in a battle of wits with an unarmed opponent. That's just wrong. :-)

                        Cheers. - Frank
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                        • Profile picture of the author Chris30K
                          Originally Posted by BigFrank View Post

                          I never engage in a battle
                          Cheers. - Chris30K
                          Why would I ever fight without someone I can't beat. I can't win at this man's game. And would I even want to?
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          • Profile picture of the author BigFrank
            Banned
            Originally Posted by Chris30K View Post

            You, in 2 years, have far surpassed anything I will ever do in my entire lifetime.
            Fixed that for you. :-)

            Cheers. - Frank
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  • Profile picture of the author vishwa
    $10k is a pretty big amount. I think you should prepare yourself with the help of a lawyer and done your legal contracts with your clients. This will help you to face any legal issues in future.
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  • Profile picture of the author chaotic squid
    You should look into subscription billing software. I actually use Chargebee. Great system for setting up plans and collecting payments. Can do a lot of neat things, and may work for you.

    https://www.chargebee.com/

    https://www.chargify.com/
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  • Profile picture of the author M3C
    Direct debit for that kind of numbers, simple.

    Avoid Paypal at all costs for $120k per annum payments from multiple clients.
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  • Profile picture of the author DollarShark
    In case in the future buyers don't pay you, you can use dept collection companies
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    • Profile picture of the author Jack Gordon
      Originally Posted by DollarShark View Post

      In case in the future buyers don't pay you, you can use dept collection companies
      Most helpful response of the day.

      It is always fun to see who did and who did not actually read the original post before putting down their thoughtfully crafted reply.
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      • Profile picture of the author Zodiax
        Originally Posted by Jack Gordon View Post

        Most helpful response of the day.

        It is always fun to see who did and who did not actually read the original post before putting down their thoughtfully crafted reply.


        EasyInternetMoney.com

        Is this still for sale Jack?
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  • Profile picture of the author salegurus
    Originally Posted by Chris30K View Post

    Hello, I'm doing some internet marketing for local business and I've pretty much closed multiple deals of $10K or more
    WOW, what a recovery from this:


    Originally Posted by Chris30K View Post

    Hello guys,

    Quick back story, I have been out the internet marketing loop for a little while and I want to get back in, I just got out of a terrible break up (woman I was going to marry left me for another guy), and I'm trying to get my life back together, but I don't have too much cash to invest. I know this sounds like a newbie question, but to be honest, I just need to start somewhere again.

    Please help me.

    What's a good way to make money online with 0$ investment?
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    • Profile picture of the author MikeMizOne
      Originally Posted by salegurus View Post

      WOW, what a recovery from this:
      Sounds like your average WF member
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    • Profile picture of the author BigFrank
      Banned
      Originally Posted by salegurus View Post

      WOW, what a recovery from this:
      I guess IM miracles DO happen. Either that or the Internet BS pile gets deeper with each passing day. I wonder which is more likely to be true.

      Cheers. - Frank
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      • Profile picture of the author lgibbon
        Banned
        Originally Posted by BigFrank View Post

        I guess IM miracles DO happen. Either that or the Internet BS pile gets deeper with each passing day. I wonder which is more likely to be true.

        Cheers. - Frank
        But aren't you supposed to fake it 'till you make it?
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        • Profile picture of the author BigFrank
          Banned
          Originally Posted by lgibbon View Post

          But aren't you supposed to fake it 'till you make it?
          Just another IM doofus mantra. There are dozens of them. lol

          Cheers. - Frank
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        • Profile picture of the author anwar001
          Originally Posted by lgibbon View Post

          But aren't you supposed to fake it 'till you make it?
          But you are supposed to fake it in your own mind and not go on telling stories to everyone or asking questions from others about imaginary situations.

          Anyway I do not intend to imply with my above statement that the original post is fake. I do not know that. My above comment is just a response to what lgibbon has posted.
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    • Profile picture of the author M3C
      Originally Posted by salegurus View Post

      WOW, what a recovery from this:
      Perhaps it's just me but I don't actually see much difference between those positions.

      You can definitely move from one position to the other in weeks with the right mindset and some serious graft, especially if you're selling services.

      It's amazing the power of necessity.

      Been there..
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      • Profile picture of the author BigFrank
        Banned
        Originally Posted by M3C View Post

        Perhaps it's just me
        More than likely!

        Cheers. - Frank
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        • Profile picture of the author M3C
          Originally Posted by BigFrank View Post

          More than likely!

          Cheers. - Frank
          That would be a shame then Frank.

          Doesn't say much for the average forum member.
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          • Profile picture of the author BigFrank
            Banned
            Originally Posted by M3C View Post

            That would be a shame then Frank. Doesn't say much for the average forum member.
            No argument from me!

            Cheers. - Frank
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            • Profile picture of the author M3C
              Originally Posted by BigFrank View Post

              No argument from me!

              Cheers. - Frank
              Fair one.

              Depressing, but fair one.
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              • Profile picture of the author BigFrank
                Banned
                Originally Posted by M3C View Post

                Fair one. Depressing, but fair one.
                People being hungry and/or homeless is depressing. The antics of the IM masses are laughable. You just need to adopt a different perspective on life and what truly matters. :-)

                Cheers. - Frank
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                • Profile picture of the author M3C
                  Originally Posted by BigFrank View Post

                  People being hungry and/or homeless is depressing. The antics of the IM masses are laughable. You just need to adopt a different perspective on life and what truly matters. :-)

                  Cheers. - Frank
                  Jeez......
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              • Profile picture of the author Steve B
                It's kinda sad this forum is a place of entertainment instead of a place for serious discussion - maybe it's a reflection of the Internet in general.

                Steve
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                • Profile picture of the author BigFrank
                  Banned
                  Originally Posted by Steve B View Post

                  It's kinda sad this forum is a place of entertainment instead of a place for serious discussion - maybe it's a reflection of the Internet in general. Steve
                  It's the Internet in general and the IM world in particular. You can't find another aspect of life that contains more rampant BS that people are happy to regard as gospel. What's worse are the people that refuse to acknowledge this fact. They only exacerbate the problem.

                  Cheers. - Frank
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  • Profile picture of the author aigbehi1
    how can you start a business transaction without knowing how to collect your pay?
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  • Profile picture of the author M3C
    Just checked, that comparison post was made in January.

    What a sad state of affairs if WF members don't think somebody can have managed to acquire some customers over a period of 7 months!

    Especially for services, SEO, consultancy etc.

    Easily, easily done with a little knocking on doors .
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  • Profile picture of the author David Beroff
    Originally Posted by Chris30K View Post

    ...I've pretty much closed multiple deals of $10K or more....
    There's no such thing as "pretty much" closed. You either have a signature on a written contract or you don't. Otherwise all you have is a hope and a prayer.

    Even then, contracts really aren't worth as much as one might think. (Would you really haul these clients into court?)

    Originally Posted by Chris30K View Post

    ...[H]ow can I automatically take money out their bank account (with their approval of course), of $10K or more on the 1st of every month?
    You don't. You walk back into their business at the end of each month with your head held high and confidently show them exactly what you've done for them in the past 30 days. In other words, at some level, the selling process is never over!
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    • Profile picture of the author Sid Hale
      I understand where you're coming from David...

      Originally Posted by David Beroff View Post

      Even then, contracts really aren't worth as much as one might think. (Would you really haul these clients into court?)
      but I have to disagree with that last part.
      With a contract of that size, I would certainly take the client to court if necessary.

      That said, every contract I have ever negotiated with that level of financial commitment from the client also provided for substantial performance requirements from myself, and documentation of the fulfillment of those obligations.

      You don't. You walk back into their business at the end of each month with your head held high and confidently show them exactly what you've done for them in the past 30 days. In other words, at some level, the selling process is never over!
      Agree - 100%

      Continually showing your client progress reports, etc. is an invaluable sales tool. In the course of 12 months, there are invariably requests from the client for additional/related work, and the ability to extend the initial obligation for even more revenue. Quite often, the back end sales can far exceed the initial contract.
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  • Profile picture of the author Jack Gordon
    Originally Posted by Chris30K View Post

    After they have agreed to a 12 month marketing & payment agreement - how can I automatically take money out their bank account (with their approval of course), of $10K or more on the 1st of every month?
    I am going on the hypothetical presumption that you are not full of it.

    The real answer to this question is pretty technical and mundane. Ask your banker for the options.

    The much more interesting angle, however, is how one can become positioned in a relatively short time from heartbroken loser to closing $10k/month deals.

    As a businessperson who would be capable of writing that kind of a monthly check, I am having a lot of trouble fathoming a scenario in which I would be writing it to somebody who wasn't already established and successful, with the infrastructure in place to give me confidence that my substantial investment was not going directly up his nose.

    I can tell you that if you did somehow persuade me to pay you that much, I would be maintaining strict control over the payment every month... either writing a check or (more likely) putting it on a credit card to earn miles and added protection.
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  • Profile picture of the author agmccall
    Start a business and start to make multiple 10k plus deals

    Have no idea how to collect this money (now that is great planning, newbies take note)

    Then run to, of all places, the warrior forum to ask how to collect this money.

    I am sure potential clients would feel real secure knowing your business advisers are total strangers from around the world on a IM forum.

    Keep up the good work

    al
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    • Profile picture of the author Chris30K
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    • Profile picture of the author David Beroff
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        • Profile picture of the author Chris30K
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  • Profile picture of the author VENAXIS
    Have you considered mail post?
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    • Profile picture of the author BigFrank
      Banned
      Originally Posted by VENAXIS View Post

      Have you considered mail post?
      Have you considered actually thinking the question through?

      Cheers. - Frank
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      • Profile picture of the author VENAXIS
        Originally Posted by BigFrank View Post

        Have you considered actually thinking the question through?

        Cheers. - Frank
        Have you considered that he's playing us and that I was playing him back?
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  • Profile picture of the author Lurk
    Chris hasn't come back to answer any post? We are waiting Big Guy!!!!
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  • I would probably not recommend Paypal for recurring payments. Especially of that size.
    Direct debit as other have noted would be the answer.
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    • Profile picture of the author Chris30K
      Originally Posted by Steve B View Post

      I wouldn't suggest using PayPal given the monthly amounts you're talking unless you don't care that PayPal can freeze your account and stop income that you've earned. There are lots of threads here at the WF telling horror stories of PayPal freezing funds. Granted, most of those cases are probably because the account holder breached the PayPal terms. But still, I wouldn't want my income every month going through PayPal because of their control.

      The process of receiving payments directly from the client's bank (his account) begins at your bank. You need to set up a special account to be able to receive direct payments. Your bank will help you do this.

      The client must have a bank account that allows direct-to-you payments to be made on a recurring basis. He will have to give his bank routing and account information to your bank in order to set things up.

      There are a number of details that must be set up or adhered to in order to make these payments happen automatically, but your bank is the starting place (and the main player) in this whole process.

      Be aware that your client(s) may not want to do this or may decide after a few months that they want to cancel the permission they've given to have the payments automatically extracted. I know you're trying to protect your income stream, but in my experience, you'll still have to satisfy your client on a monthly basis that you are keeping your end of the contract.

      Good luck to you,

      Steve
      Thank you for this post, I will keep this information in mind.

      Originally Posted by M3C View Post

      Perhaps it's just me but I don't actually see much difference between those positions.

      You can definitely move from one position to the other in weeks with the right mindset and some serious graft, especially if you're selling services.

      It's amazing the power of necessity.

      Been there..
      Thank you Steve for understanding that it is possible for people to be successful at life.

      Originally Posted by M3C View Post

      Just checked, that comparison post was made in January.

      What a sad state of affairs if WF members don't think somebody can have managed to acquire some customers over a period of 7 months!

      Especially for services, SEO, consultancy etc.

      Easily, easily done with a little knocking on doors .
      My thoughts exactly. Pretty pathetic mindsets on here, do we have a sub forum for that? Geez. Most businesses are still using the good ole yellow pages to market their services. Worked for T-Mobile, I've noticed how they have an "uncarrier" approach, in which they take business from other companies and buy out their contracts - my business is the same which it sustains itself by taking customers from the yellow pages and offering them online marketing solutions. This isn't rocket science people.

      Originally Posted by LeatherDropshipping View Post

      I would probably not recommend Paypal for recurring payments. Especially of that size.
      Direct debit as other have noted would be the answer.
      Thanks for your input!
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  • Profile picture of the author kazimuhith
    The best option is Direct Debit from their bank account . The secondary option is Paypal Recurring Payment .
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  • Profile picture of the author Lurk
    Frank you bought apple stock at $15? Was you working for the company then?
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    DONT USE TIME CARELESSLY FOR IT CANNOT BE RETRIEVED. -LURK

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    • Profile picture of the author BigFrank
      Banned
      Originally Posted by Lurk View Post

      Frank you bought apple stock at $15? Was you working for the company then?
      No. Why would you think that? I should have bought it at $6, but I'll survive. lol

      Cheers. - Frank
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      • Profile picture of the author Lurk
        Originally Posted by BigFrank View Post

        No. Why would you think that? I should have bought it at $6, but I'll survive. lol

        Cheers. - Frank
        I asked because in your post you said you worked for 50 years and I was just thinking that was one of the companies you might have worked for that's all.

        ......and yes you'll survive just fine
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        DONT USE TIME CARELESSLY FOR IT CANNOT BE RETRIEVED. -LURK

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        • Profile picture of the author BigFrank
          Banned
          Originally Posted by Lurk View Post

          I asked because in your post you said you worked for 50 years and I was just thinking that was one of the companies you might have worked for that's all.
          Actually, I started selling door-to-door when I was 8 years old. Cloverine Black Salve. Look it up. lol So I actually have been working for 60 years - if you can call what I do, working.

          I wanted to work for Apple for many years. I was disappointed for years that I never got hired, but now I am fine with it as I would not change a day of my life if it would change where I find myself, today.

          ......and yes you'll survive just fine
          Fortunately, I don't have that long to go. lol

          Cheers. - Frank
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  • Profile picture of the author Jassen
    To answer the actual question posed by the OP...

    What you're referring to -- dipping directly into their bank account -- is called an 'ACH debit'. You need a service that lets you do that. The easiest thing is to go to your own bank and just use their service. If you're a legit business, it's not more difficult to set up than a credit card merchant account.

    If you want a 3rd party solution, try Green ACH (used to use them) or Authorize.net (use them now).
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    • Profile picture of the author Chris30K
      Originally Posted by Jassen View Post

      To answer the actual question posed by the OP...

      What you're referring to -- dipping directly into their bank account -- is called an 'ACH debit'. You need a service that lets you do that. The easiest thing is to go to your own bank and just use their service. If you're a legit business, it's not more difficult to set up than a credit card merchant account.

      If you want a 3rd party solution, try Green ACH (used to use them) or Authorize.net (use them now).
      Thank you! Why did you switch?
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  • Profile picture of the author ttados
    Originally Posted by Chris30K View Post

    Hello, I'm doing some internet marketing for local business and I've pretty much closed multiple deals of $10K or more, and these business owners are going to be paying me regularly.

    This is my question:

    After they have agreed to a 12 month marketing & payment agreement - how can I automatically take money out their bank account (with their approval of course), of $10K or more on the 1st of every month?

    The answer to this question would help tremendously!
    Sorry I can't be of help but I do have a quick question. How did you land your clients? Are they referrals or did you cold call/email?

    Also, congrats on being successful! Hopefully you have a process that works for you and you can replicate it. Good luck!
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    • Profile picture of the author Chris30K
      Originally Posted by ttados View Post

      Sorry I can't be of help but I do have a quick question. How did you land your clients? Are they referrals or did you cold call/email?

      Also, congrats on being successful! Hopefully you have a process that works for you and you can replicate it. Good luck!
      Thanks. I followed Sam Ovens Cashflow Consulting model - basically you rip ads out of the yellow pages and send "lumpy mail" to get candidates. The point is to set appoitnments and offer value during face to face (or over phone) consulting sessions. It works like charm.
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