How to Automate Payments
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Automating payments is a game changer for small businesses and large businesses alike. Find out how you can use software to automate payments and make day-to-day business operations run more smoothly.
What are automatic payments?
Automated payments use an electronic payment system to transfer funds without having to manually action it every time. You can set the amount, frequency, start date, and end date, to make payment processing faster and more efficient.
How does an automated payment system work?
Automated payment systems take all the hard work out of the payment process. Instead of a time-consuming paper-based payment process, you can set up an electronic payment schedule and let the system handle the rest. This means faster processing times, fewer errors, and better cash flow management.
Can I automate credit card payments?
Yes, you can set up automated credit card payments in Australia. With Biz Core, you can set up recurring payments with direct debit, credit card, debit card, and PayID.
Automate online payments with Biz Core
Payment automation with Biz Core can help you improve your cash flow and make customer service a breeze. Built with Aussie businesses in mind, Biz Core can handle any type of single, recurring, or subscription payment with ease. No matter the payment type, frequency, or logic required, we’ve got the system in place to make it a breeze.
How to set up automated payments
It only takes seconds to set up recurring payments or recurring billing with Biz Core.
- Fill in the payment & schedule information.
- Send the customer the direct debit authority form.
- Your automatic payments are ready to go.
Automate the payment process further with prefilled API information from your online application form or checkout.
Contact us today to set up a demo.
Online Payment Checkout, Gateway, & Processing
Biz Core’s complete payment solution allows you to make use of the Payrix API integration for a smoother, easier payment process. Instead of sending your customers to an external site to complete their payment, you can manage everything from your own website.
What are the advantages of automated payments?
Automating payments will save both you and your business time, money, and effort. Some of the benefits of switching to an online payment system are that you can:
- Access real-time payment data and payment status
- Monitor and track revenue with data visualisation dashboards
- Manage failed payments
- Alter or cancel automated payments in just a few clicks
- Reduce the risk of fraud
- Create better financial forecasts
- + More
Benefits of automating payments for small businesses
When you’re running a small business time is precious and anything that can help relieve stress and improve workflows is going to be attractive. Some of the key benefits to small (and large) businesses looking at payment automation are:
- Time-saving: Set and forget recurring payments so you can free up valuable time better spent on growing your business. Instead of manually processing every payment individually, you can focus on meeting strategic goals, expansion opportunities, and ensuring a good customer experience.
- Improved cash flow management: Monitor and track your revenue with up-to-date reports, data dashboards, and a forecast of scheduled transactions. You can easily identify income and expense patterns, allowing for more informed financial decision-making and budgeting.
- Reduced late payments: Reduce the risk of your customers missing their payment due date and easily adjust payment schedules and amounts to suit changing circumstances.
- Eliminate human error: Manual payment processing is prone to errors, such as double payments or incorrect amounts. Automating payments minimises the risk of human error, ensuring accuracy and reliability.
Ready to embrace the benefits of payment automation? Book a demo or contact us today to get started!
