Autopay is a method of payment where the customer will automatically be charged their monthly/annual fee for the billing cycle. Autopay is convenient for remembering to pay your bills. This payment method is used with a bank account/debit card or a credit card. Autopay saves you the time of having to keep track of your due dates, which helps with customer retention. Online payment reduces the risk of identity theft since it’s easier to find crucial information on paper, especially if it’s not discarded properly.
The online format saves money and trees from using paper to print receipts and stamps. Since autopay helps you pay your bills on time, your credit score won’t be negatively impacted by late payments. On-time payments also help prevent late fees. This is a great payment option if you’re forgetful about paying bills. The consistency of autopay maintains the flow of cash for a business while reducing the workload of having to mail invoices, gather late payments, process payments, and purchase stamps, envelopes, and paper. Consistent payments help plan and budget for both the customer and the business.
Payments from debit or credit cards offer a superior form of security over cash and checks sent via envelope through the mail. The autopay method also helps maintain a consistent flow of cash revenue. Not having a customer upset about follow-up calls and late fees helps keep a positive customer-business relationship.
Overall, autopay is great for both customers and businesses. The perks of autopay will keep the business process running like a well-oiled machine. Now that you know the perks of autopay get started paying your bills automatically at your nearest Tellus Self Storage location.