Automated Recurring Payments

Automated Payments allows you to enter a transaction one time to debit a customer's account multiple times. The payment amounts can be the same or vary each month and can occur at intervals that you specify. The Federal Reserve banking system, through our processor, handles the transaction and ensures the money is deducted from your customer's bank account and deposited directly into your bank account -- all automatically, without you having to do anything.

You're Already Familiar With This Process

Many health clubs and insurance companies have been using automated payments for some time. Assume a small health club has 1,000 members that pay monthly membership dues of $25. If they had to send out invoices to those 1,000 members at just $5 per invoice, it would cost the club $5,000 to invoice and track payments as they came in. That's one-fifth of all the money the club would earn for the month! And that's assuming all their members paid in a timely fashion.

Impact's Automated Recurring Payment system will help you to reduce your invoicing costs by as much as 75%. This, while collecting your money significantly faster and dramatically reducing your workload. This solution works for organizations of all types, including: property management, associations, medical & dental, public utilities, storage facilities, insurance, legal, financial services, even retail.