Automatic Bill Payment

Recovery of your collections has never been so easy. Citibank enables you to receive all your receivables with minimal effort and hassle. All you have to do is get an authorization from the customer to automatically charge their credit card account each time the payment is due. Once you have the authorization, Citibank will charge the customers credit card on your advice and will give you the payments automatically. Citibank Automatic Bill Payment Benefits are as follows:

• It's Cheaper
  
  Automatic Bill Payment can reduce collection costs by one third. It eliminates the time consuming tasks of handling mail and banking cheques. It saves on postage, stationary and phone calls which may be incurred in chasing late payments.
  
  
• Receive payments on time
  
  The Automatic Bill Payment allows the merchant to obtain the payments regularly and on-time. This reduces the variability that a Merchant encounters when using other methods of collection.
  
  
• More predictable cash flow
  
  Once the amount and date of the payment are agreed upon with your customer, you are in control of collections and you can predict your cash flow more accurately. Automatic Bill Payment gives you reconciliation by exception, so you know the payment has been credited to your account unless otherwise notified.
  
  
• Increases Customer Loyalty
  
  Research shows that Customers who have signed up for Automatic Bill Payments are less likely to switch to another supplier, particularly where monthly payment plans are available. For your organization this means increased customer loyalty.
  
  
• Customer Convenience
  
  Customers who have signed up for Automatic Bill Payment can relax and not worry about payments.
  

Setup this service for your business or company.

Several kinds of merchants and service providers participate in Citibank Automatic Bill Payment program. The merchants who benefit most from this service are the ones with recurring billing cycles, for example Clubs, Schools, Utility Bill Companies, Mobile Phone Companies, Insurance and Security companies.

If your organization accepts Credit Card transactions from your customers then you can easily be a part of Automatic Bill Payment. This service may be set up in coordination with Citibank.

Interested in setting up this service? Click here to contact us

Payment Options

Payments may be received weekly, monthly or quarterly in line with the agreement between your organization and your customer. The customer will authorize your organization to charge their account either with a fixed amount or varying amount according to the requirement.

FAQs