Recurring Debit

The Process

Recurring Debit differs from POS-based conversion because a paper check is not available at the point-of-sale for every debit the customer authorizes. The check information and authorization is obtained from the customer at the time of sale. The transaction is then entered using the processor’s web interface. The transaction is transmitted via the Internet to the processor’s database. The check information is then stored and the transaction deposits are routed to the merchant's account within 5 business days. When the next payment anniversary date arrives, the transaction is automatically processed again.

Merchant Benefits

This check conversion process allows the merchant to accept checks and process periodic debits without the check actually being present. The merchant simply records the check data, obtains the EFT authorization and enters the check data - the check conversion process does the rest. The merchant can now accept & process periodic debits, without having to worry about who pays what and when.

Additional Options

This program offers the same electronic check conversion, 24/7 on-line transaction viewing and customized detailed reporting as our Electronic Check Conversion program. Additionally, the merchant has complete control over the frequency and timing of the payment, with includes the representment timing. More sophisticated merchants will want to take advantage of the advanced reporting capabilities of this system, which allows custom reporting delivery methods to automate the entire data collection process. This program minimizes the labor involved in accepting checks and streamlines management of the recurring debit process for the merchant.