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Collect US payments easily: B2B Automatic Payments in ezyCollect

by | Jan 22, 2024 | 0 comments

Maintaining a stable cash flow is essential for your business, particularly in times of economic uncertainty.

Introducing ezyCollect’s latest feature – Automatic Payments – allows you to seamlessly collect payments, ensuring a consistent and predictable cash inflow to your business.

What are Automatic Payments?

Automatic Payment is another term for direct debit when it comes to US transactions. It involves automatically withdrawing funds from your customer’s accounts to collect their payments for invoices or recurring commitments such as subscriptions.

This streamlined approach ensures timely payments, reduces the risk of missed deadlines, and guarantees a consistent cash flow for your business.

How does it work in ezyCollect?

Customers grant authorization for your business to automatically withdraw funds from their credit cards or bank accounts when an invoice is due or when a sales order is generated (for select ERPs). This eliminates the need for manual follow-ups with each payment.

autopay setup popup screen

Here’s how to get started:

To begin using Automatic Payments in ezyCollect, ensure you have ezyCollect Payments (along with the relevant credit card and ACH service provider) enabled in your account.

  1. Send your customer an email request for Automatic Payments from your ezyCollect account.
  2. Your customer can also provide authority when they make a payment through the online payment portal.
  3. The customer fills out the Automatic Payments form linked to the email.
  4. After the customer submits the form, AutoPay is now set up.
  5. You and your customers will receive a copy of the Automatic Payment Authorisation.
confirmation screen of successful automatic payment setup in ezyCollect

Benefits of Automatic Payments in ezyCollect

Automatic Payments provide an effortless payment experience for your customers and set you up for a reliable cash flow. And in ezyCollect, you also get to enjoy these additional benefits:

    1. Provide payment methods that suit your client’s needs

    Allow your customers to choose between credit cards or ACH for Automatic Payments. With ACH transactions, customers can instantly verify their accounts or manually verify through microdeposits. This flexibility allows them to select the method that suits their preferences, simplifying the authorisation process for your business.

    2. Versatility in ezyCollect functionalities

    Leverage Automatic Payment Authorisation across various ezyCollect functionalities:

    • Collect Now: Collect payments from your customers’ bank accounts
    • Auto Collect: Automatically collect payments from customers’ bank accounts based on set rules/ schedules
    • Scheduled Payments: Set up automatic payment collections on a predetermined schedule.
    • Collect Now On-Demand: Collect one-off payments from customers over a call.

     3. Apply to customized Payment Plans

    By providing automatic payments, you give your customers the advantage of choosing flexible payment options. You can use the acquired authorisation to set up convenient Payment Plans that align with your business requirements, offering customers the convenience of instalments or subscription-based plans tailored to their preferences.

    4. Automated payment allocation

    Streamline your processes as collected payments are automatically allocated to corresponding invoices in your ERP. This saves time and reduces the chances of manual allocation errors, ensuring accuracy in your financial transactions.

    Get started with Automatic Payments

    Please get in touch with your Customer Success Manager for more details on using Automatic Payments in ezyCollect.

    Not an ezyCollect user yet?

    It’s time you and your customers experience a streamlined payment experience. Book a call with our payments experts to learn more about options for your business.

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