Why Card Account Updater Is Essential

Your customers choose your software program to facilitate payment processing and cash flow. Still, as a growing number of companies offer auto-shipping and subscription or membership services, a software solution that includes a card account updater feature is essential for maximizing your customer’s income by providing the following benefits.

Efficiency

Outdated credit card information can be the bottleneck in a sale’s timeline. Payment processing delays can prevent an organization from meeting its sales goals, lead to unnecessary shipment delays, and cause team members to waste valuable time chasing after payments. Software that supports Card Account Updater services can allow your customers to focus their energy on growing their business, not hunting down payments.

Better Customer Experiences

Whether its auto-shipping, subscription or membership services, these recurring revenue models provide companies with steady cash flow and ensure their customers always obtain essential supplies and services – unless outdated payment information curtails payment processing. A software solution that is able to automatically update credit account details when a card expires or is reported lost is able to prevent declined authorizations and associated fees.  Additionally, the use of a Card Account Updater service fosters a seamless sales process that increases your customers’ revenue by keeping payments flowing.

Customer Retention

Finding and nurturing new customers requires more time and resources than servicing existing ones. Therefore, companies can benefit from seeking sales opportunities among their current customers, but this is challenging without outdated consumer credit card information. Offering software that updates account details automatically makes you an indispensable partner in your customers’ growth. It helps them benefit from spontaneous buying decisions and other sales opportunities within their existing purchaser pool.

Let’s Get Started

Contact us today to learn more about how Paragon Payment Solutions can help you help your customers offer a seamless payments experience and earn a little additional revenue in the process.