Does your Netflix subscription get automatically renewed every month? Or perhaps your organic snack box gets delivered without you having to order each time? That’s an example of a recurring transaction. Put simply, it is any payment that occurs on a regular basis – say monthly, quarterly, annually, or any other custom time period. You might have noticed as a customer that an increasing number of companies are moving towards this payment model. Are you prepared to do the same for your business? The following benefits of recurring transactions will convince you to if you’re still on the fence.
You’ll enhance the customer experience
Recurring transactions are a lifesaver for customers because making payments each and every single time a service is required can be incredibly tiresome. Customers will be able to sit back, relax, and enjoy…
