Description:

RecurPay is a suite of applications that enables merchants to manage the process of billing their customers on a periodic basis. This streamlines the process of billing customers on a recurring schedule and eliminates the need for merchants to incur the security risk inherent in storing credit cards at their location.

 Click here to download our Recurring Payments Data Sheet  (PDF)

Features:

Merchants can choose one of nine different payment schedules, including:

Weekly
Monthly
Twice Monthly
Bi-Weekly
Bi-Monthly
Every Four Weeks
Quarterly
Semi Annually
Annually

In addition, merchants can specify a billing start date and number of recurring payments . Once the payment schedule is established, Skipjack will automatically bill the customers’ credit card on the specified schedule. An optional email can be sent to the customer and/or merchant that contains the results of every recurring transaction (e.g. approved/declined). Advanced interfaces are available that allow merchants to:

Identify upcoming credit card expiries,

Manage credit card declines associated with a specific recurring payment cycle,

Search and edit future recurring payments

Balance bank deposits

RecurPay supports both fixed dollar amount/fixed schedule payments and variable dollar amount/fixed schedule payments for maximum flexibility.

Benefits:

Some of the benefits of RecurPay include:

Fast processing time

Provides a convenient way of authorizing or modifying large numbers of transactions

How It's Used:

Eliminates the need to store credit cards/eliminates credit card storage security risk

Dramatically reduces the time required to process transactions that occur on a periodic basis

Improves the ability to manage existing recurring payments if schedule modifications are required

Reduces costly errors associated with keying payment data multiple times

Increases customer service through accurate and timely customer payments

Increases cash flow due to faster processing of regular payments

Uses:

RecurPay can be used in any business where regular payments are required for the purchase of products or services. A small sample of these include:

Subscription payments (e.g. newspapers, magazines)

Fees and dues

Insurance premium payments

Loan payments

Multiple installment payments

To get started with the Skipjack simply complete and return our merchant application or call us on 1-800-216-4886.