Recurring invoices are invoices that are regularly (more than once) sent to your customer(s) so that you can periodically invoice your customer(s). Recurring invoices are automatic transactions that are set on a preset date when you take a subscription, products or services. Other ways to use recurring invoices
are for memberships, invoices of utilities, online lessons, online lessons, freelancers and so on. Because they are recurring transactions, they mostly work with a preset schedule as prescribed by a customer.
How does a recurring invoice work?
Because of the recurring invoice function, you are able to let the invoicing software do all the work to send invoices periodically to your customers. You don't have to remind yourself or waste time to manually copy invoices in Excel or another Microsoft software.
Create your invoice once within 1 minute with products or services and set the recurring invoice and you can just sit back and relax and leave everything to the invoicing software and focus your time in your company and your invoices are automatically handled by the system.
Recurring invoice paid or not paid
When the invoice is paid by the customer before the first, second or third reminder mail then you can mark the invoice als paid. When you mark the invoice as paid, then the invoicing system stops sending reminder emails. The bottom line is that the customer will get reminded before the payment date with a simple reminder email which the customer receives in his email inbox.
Invoice not paid:
When the invoice is not paid, the customer will receive 3 reminders automatically in their mailbox before the payment date. This is a warning that there is still an outstanding amount that needs to be paid by your customer. You can manually change the emails in the system to send your own desired mail.
Invoices are renewed automatically:
When the period of the invoice ends, the customer will receive a reminder email that the invoice will be renewed in 14 days in advance. And when the period of the recurring invoice has ended, a new invoice is automatically created with a new payment date and an invoice number and the system then automatically sends an email stating that the recurring invoice with products and services have been renewed.
Stop sending recurring invoice:
This is a simple function that is added to the system. When the customer is not using your goods or services you are able to stop the recurring invoices with a 2 clicks. The customer receives an e-mail that the goods and services are done and they don't have to pay anymore.
Automatic payments with recurring invoices
Recurring payments are payments that are periodically automated when you create a recurring invoice(s). When you create an invoice you can link a bank account number or your payment link so that you can get paid by your customer(s) much faster. This is a great way to track your recurring payments in your invoicing software dashboard. As the owner of your small or large business, you are constantly looking for ways to save time. Not only does this kind of automation save valuable time, but it also ensures that important payments don't fall out of the blue!
Automate payments with your own payment provider
We don't offer payment integrations like Stripe or Paypal. Often the invoice companies force you to register with one of these payment providers. They do this because they would like to earn a percentage of your sold products or services.
The reason why we as MEWEBTEK
do not do that, because we want to distinguish ourselves from other invoice companies. We try to give our customers the freedom to use their own payment provider.
Api integration: Feel free to contact support and our programmers will help you for API integration. With our API integration you can automate recurring invoices with your own payment provider.
Get paid on time with recurring invoices
Cash flow is important to any business. By setting up recurring bills, you can ensure that payment before the due date is deposited into your account monthly, quarterly, or annually by the customer, reducing the risk of getting stuck without money. Automation is a great thing for entrepreneurs, especially when it comes to something as important as payments. By using the invoicing software to send your invoices or initiate your transactions, you can spend more time on what matters most to you! And once the payment schedules are set up, you no longer run the risk of forgetting to send an invoice or entering payment information incorrectly.
Improve customer relationships
Rather than being seen as a one-time supplier, recurring billing sets you up as an extension of your customer's day-to-day operations. Not only will you reduce friction by automating the payment process for them, but you will also remind them of how valuable you are as a supplier - by building a long-term relationship.Simply set the schedule for the automation when you create the invoice - it's that simple.