Predictable Payments, Recurring Customers

You want predictable payment behavior that helps you get paid quickly, efficiently and with less cost. Your customers want to be able to manage their finances in a way that works for them. That’s why our Budget Management Suite offers a unique set of flexible, easy-to-use recurring payment options that meet both the needs of your business and of your customers.

Western Union provides a full set of flexible options that helps your cash flow become more predictable by moving more of your customers to recurring payment schedules. With automated, convenient options that give the customer control, they choose the payment option that best fits their needs, and you get the benefit of  a predictable cash flow. Plus, recurring payment options increase customer retention and improve the efficiency of your payments environment, reducing returns, exceptions and the costs associated with the payments process – all while using less paper overall. When your customers pay on time, you get paid on time. It’s a value that works both ways.

Recurring payment options
Unlike traditional recurring schedule offerings, our recurring payment solution allows customers to configure all aspects of their payment plan, including virtually unlimited flexibility for

  • Payment frequency
  • Payment amount
  • Payment type
  • Start and stop dates
  • Total amount paid
  • Notification preferences

Why it’s good for your customers:

  • This flexibility provides a considerable convenience for your busy customers by allowing them to dictate when and how their payments are processed, giving them control over their finances

Why it’s good for you:

  • You’ll add a great deal of consistency to your payments environment, which is a very good thing. And predictable payments means reducing costs with no collections effort on your end

BUDGETING TOOL

What it is:
Customers who want or need help managing their money can use the flexible payment manager to set up and manage their payments within their monthly budget.

Why it’s good for your customers:
Today’s budget-conscious consumer can maintain control of their recurring payments and stay on top of their finances with this easy-to-use service.

Why it’s good for you:
Added control is a great way to promote and encourage more customers to sign up on recurring payment plans. And the more customers you can convert to these recurring payment types, the better it is for your business.

EQUITY ACCELERATOR® TOOL

What it is:
A tool that allows customers with payments for major purchases or loans to add a little extra to each payment to pay their total amount due more quickly.

Why it’s good for your customers:
Using the accelerator, customers who want to pay off their total amount sooner can do so on their own terms. We help make it easy for them reduce their debt faster.

Why it’s good for you:
It’s all about convenience, control and customer satisfaction. Put the first two together and the satisfaction comes naturally. That’s how we help you get and keep happy paying customers.

It's Your Payment Strategy, Made Strong by Our Partnership. To Learn More, Contact Western Union Payments today.