| Variable Recurring Payments |
Drive the recurring payment amount from the product catalog pricing rules. |
Support subscription billing models that require different amounts to be billed each period such as usage based or metered plans. |
| Automated
credit card signup authorization |
Automatic credit
card verification during signup process. |
Ensure billing information
is accurate before turning on your service to new
clients. |
| Credit card processing |
Allow your customers to pay via credit card. All types
of cards are supported based on your merchant account.
Monexa is fully PCI DSS compliant. |
Don’t lose clients
because you can’t handle their preferred payment
method. |
| Electronic Check Processing (ACH / EFT) |
Allow your customers to pay via pre-authorized check
processing. |
Many small businesses
prefer automated debit payments to credit cards. |
| Invoiced payment support |
Manually entering non-electronic payments such as
cash and check. |
Larger enterprise
customers will prefer being invoiced and submitting
payments by check. Ensure you can support this and
track all incoming manual payments against invoices. |
| Merchant account support |
Support any merchant account either directly or through
our network of providers. |
Many solutions only
support one payment processor. This is unlikely to
support overseas customers. In our global market,
make sure you can collect payment from customers wherever
they are. |
| Payment gateways |
Direct support for Chase Paymentech and Cybersource
/ Authorize.net. |
Handle all type of
credit cards, and ACH/EFT. |
| Billing exception handling |
Create configurable actions to be taken upon exceptions
during billing. Examples include:
- Email notification of billing exceptions
- Flexible options to re-try on subsequent billing
cycles
- Account suspension after a configurable non-payment
grace period has been exceeded
|
Know exactly which
customers are up to date with their accounts and which
aren’t. Automate your billing exception rules
saving you money. |
| Non-payment grace period |
Configure grace periods for non-payment prior to account
suspension. Allows for notice to be provided while limiting
exposure. Configurable per subscriber or by service
plan. |
Not all customers
should be disabled because of a one time payment exception.
You set the rules governing grace periods or credit
limits before customers become deactivated. |
| Credit card expiry notifications |
Email notifications prior to credit expiry dates. |
Reduce time spent
chasing after non-payments. |
| Service changes |
Accurately bill any service changes and additions
for both mid-period effective changes and next billing
cycle effective changes. The system ensures:
- All recurring charges are properly pro-rated if
necessary
- All change fees are properly charged
- All disconnect and one-time fees are properly
charged
|
Increase your revenue
by allowing customers to buy more of your service
whenever they need it.
Many subscription companies
bill yearly based on static named user accounts because
monthly billing appears too complex.
Our billing engine simplifies
the generation of monthly bills based on all account
changes within that period. |
Our Recurring Payments module takes the line items generated by our subscription billing module and submits automated payments based on the payment selection of each subscription billing account. Through our own payment gateway and our partner gateways we can reach all the major credit card and automated transfer (ACH/EFT) providers.
