Panama City/Ft Walton Beach FL Recurring Debit Payments

All Services / Recurring Debt

Recurring Debit Payments
Recurring Debit is a SafeChek application that allows consumers to have payments electronically withdrawn from their checking or savings accounts on a pre-determined date. Recurring Debit uses the ACH (Automated Clearing House) and the Federal Reserve to process the electronic withdrawals.

How is Recurring Debit used?
The Direct Payment Plan is used by consumers to pay recurring bills. These recurring bills can come from several sources including:

Dental Offices
Daycare
Apartment Complexes
Private Schools
Gyms/Health clubs
Office Complexes

Who uses Recurring Debit?
More and more people select the Direct Payment Plan as their preferred method of paying their bills. 43% of U.S. Households have at least one bill paid automatically. 30 - 50% of all life insurance payments are paid using Direct Payments. 5 - 20% of all utility customers choose to pay using Direct Payment.

Benefits of Recurring Debit:
Recurring Debit will bring benefits to consumers, as well as businesses. With an already high level of consumer awareness and incentives such as postal rate increases Recurring Debit is becoming even more popular.

Some of the benefits for a company using Recurring Debit are:

Elimination of check handling and check processing.
Elimination of costs associated with printing and mailing monthly bills.
Reduced delinquencies of receivables.
Increased member or donor retention.
Company's Client pays for service.

Some of the benefits for the consumer are:

Elimination of check, envelope, and postage costs.
Elimination of past due payments, late charges, or derogatory credit reporting.
Convenient bill paying for today's hectic family.
Low cost.

Electronic Phone Checks and Credit Card by Phone:
Electronic Phone Checks is an extension of the pre-authorized payment system used by insurance and mortgage companies since the 1970s, whereby we can accept checks over the telephone.

Your customer can authorize us to create a draft on his or her bank account as a means of payment for your goods or services purchased over the telephone. Once we have authorization and receive payment from the customer, we will send the payment to your account.

Benefits of Electronic Phone Checks and Credit Card by Phone:
Electronic Phone Checks will bring benefits to consumers, as well as businesses. With an already high level of consumer awareness and incentives Electronic Phone Checks are a convenient way for your customers to pay.

Some of the benefits for the company using Electronic Phone Checks are:

Elimination of check handling and check processing.
Elimination of costs associated with printing and mailing monthly bills.
Reduced delinquencies of receivables.
Increased member or donor retention.
Company's Client pays for service.

Benefits for the Consumer:

Elimination of check, envelope, and postage costs.
Elimination of past due payments, late charges, or derogatory credit reporting.
Convenient bill paying for today's hectic family.
Low Cost.

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