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When you bill a client for recurring services,...
When you bill a client for recurring services, what service do you use?
+17
votes
asked
Feb 14, 2020
by
visible
(
1.5k
points)
When you bill a client for recurring services, what service do you use? I've been using PayPal but those fees are really hurting.
service
client
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8
Answers
+19
votes
answered
Feb 14, 2020
by
maryannamaryanne
(
930
points)
Best answer
My accounts have become more efficient since using Xero. It has automatic invoicing that can be scheduled for a re-occurring period- and send an email on the same day and time (e. g. 7th day each month). The email link opens up a payment box- and also an option for Stripe integration. There is also an option for a customer to accept auto-pay when receiving their monthly invoice. (similar to DD functionality- but without signing a DD).
commented
Feb 14, 2020
by
visible
(
1.5k
points)
I've heard of Xero, good to get feedback from someone who has been using it. I like anything that makes that process easier.
commented
Feb 14, 2020
by
krissykrista
(
1.3k
points)
@
visible
Xero is simply amazing. I went from horrible sage to peace and quiet with Xero. It superchargers your cash flow with automation! And it’s cheap!
commented
Feb 14, 2020
by
krissykrista
(
1.3k
points)
@
visible
I forgot to mention GoCardless for DD payments too! Brilliant.
commented
Feb 14, 2020
by
athirst
(
620
points)
@
krissykrista
second this!
commented
Feb 14, 2020
by
visible
(
1.5k
points)
Guess I better give it a try then, thanks !
commented
Feb 15, 2020
by
nila17365
(
4.8k
points)
I use Xero and yes it's good. Doesn't prevent PayPal fees though and had some problems integrating w pp but generally good
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+8
votes
answered
Feb 14, 2020
by
bowyer673
(
3.6k
points)
Those fees are pretty good, normal merchant accounts charge more. Plus those are all tax deductions on your income.
commented
Feb 14, 2020
by
visible
(
1.5k
points)
Are you talking Paypal or Stripe?
commented
Feb 14, 2020
by
bowyer673
(
3.6k
points)
PayPal and Stripe charge the exact same for processing
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+11
votes
answered
Feb 14, 2020
by
airdry6
(
2k
points)
ACH if you can get them too / old school but checks / And paypal for people who pay with CC
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+11
votes
answered
Feb 14, 2020
by
maziar
(
4.2k
points)
Veem. com 1$ flat fee for domestic payments.
commented
Feb 14, 2020
by
visible
(
1.5k
points)
Will look into, thank you
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+6
votes
answered
Feb 14, 2020
by
crissie64068
(
890
points)
Call your bank to connect with authorize. net
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+18
votes
answered
Feb 14, 2020
by
boatload
(
14.2k
points)
Whatever platform you use, build the fees into your pricing.
Show 13 previous comments
commented
Feb 16, 2020
by
bowyer673
(
3.6k
points)
The example was 1000 versus 1200
commented
Feb 16, 2020
by
bowyer673
(
3.6k
points)
If you change the number from 1000 to 2000 then yes, I would be financially worth it.
commented
Feb 16, 2020
by
bowyer673
(
3.6k
points)
But your suggestion to simple add the merchant fee to the client fee is financially pointless unless you"re going from 1k to 2k, doing it from 1k to 1. 2k is just adding 160ish bucks to your profit margin, which taxes will negate.
commented
Feb 16, 2020
by
bowyer673
(
3.6k
points)
Maybe I'm just not understanding your point of view because my clients are paying 10 - 40k a month using wire which in total costs me $30 a month. Other than that I use PayPal for everything since 2. 9% for credit card processing isnt all that bad.
commented
Feb 16, 2020
by
bowyer673
(
3.6k
points)
And I see bigger benefits from simply adding merchant fees to adding profit through getting higher paying clients and accepting merchant fees as part of doing business and a complete built in tax deduction.
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+9
votes
answered
Feb 14, 2020
by
vip56680
(
410
points)
Paysimple with ACH
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+5
votes
answered
Feb 15, 2020
by
westbound
(
400
points)
Have had good results with Intuit
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