Owning a SAAS-based business? Then you must know the pain of reminding customers about payments and all. That’s the reason why many businesses prefer a recurring payment model. It doesn’t matter what kind of business you are running, whether it is big or small, the recurring payment can take a business to new heights.

Earlier, things used to be a little complicated. Do you remember the time when businesses had to send constant reminders to customers about delayed payment? Not to forget, the pain of customers who have to set schedules or reminders about the payment.

Sometimes, this can lead to a heated argument between both customers and business. But things changed when the concept of recurring payments was introduced.

With recurring payment, businesses don’t have to nudge their customers about payment and customers don’t have to manually fill the billing details. There are many recurring payment solutions available in the market. To know about recurring payments, check this https://www.cashfree.com/recurring-payment out.

How to Set Up Recurring Payments?

Many people struggle when it comes to incorporating a recurring payment as most businesses are unaware of the procedure. This section will clear all the doubts regarding the same.

Step 1

The very first step involved is choosing a suitable payment gateway according to your business needs. If you have a local business, the processors must be able to accept payments familiar to local customers. Further, if you sell stuff outside your nation, then the processor must be able to accept foreign currencies.

Step 2

After selecting the payment gateway, the next thing you need to pay attention to is the plan. It is important to give proper thought to the plan, as it will help your business to grow. Always do some introspection by asking a question like – Can this plan meet your requirements and all? Other than this, always check if the plan incorporates features like integration, customer portal, and all.

Step 3

After making the payment, all you need to do is set up the software with your business. Many payment gateways provide the setup installation by experts without any additional charge.

Step 4

Further, it is important to do all kinds of testing and possible checks to avoid any sort of of distractions that stop customers from making a payment. It is advisable to do thorough checkups.

Step 5

Other than this, it is important to customize email templates too so that customers will get notifications of the successful transaction.

Advantages of Recurring Payments

Now let’s focus on the advantages of recurring payments. Some of them are listed below:

• As a merchant, you don’t have to send constant reminders to customers about the payment. The recurring payment solution will look after it. 
• It will help you maintain a consistent cash flow.
• Not just merchants but customers also hate nudging. If a business sends a constant reminder about payment, the customer finds it disrespectful and annoying, which leads to poor customer relationships. But by using a recurring payment solution,

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Everything may fall but never gold. The statement may seem disputable, but it goes a long way to affirm the enviable position the commodity occupies in society.

Even when other major investments tend to fail, the value of gold never seems to falter. Instead, it keeps appreciating the more. And this is one of the reasons why investors look toward it in times of economic hardship, like some sure security.

And if you are thinking of investing in gold, reviews websites such as luminablog, which gathers information on financial companies can offer expert opinions on investment strategies. A good example is this resource on British wealth management services.

Now, let’s see some reasons why you should bank on gold to attain financial wellbeing.

• Universal Appeal

Gold is a much-loved commodity across the world. It is like a universal language understood across geographical, political and cultural stratifications. It is not bound by any of those. Perhaps, that is why many cultures still lay claim to its origin.

• Its Value Always Tend to Appreciate

Gold has been touted to be the only commodity that is most likely not to fail you when it comes to investment. This is partly because its value hardly correlates with economic realities at most times.

It has been observed time and time again, that when other investments plummet or when economic situations are dire, gold tends to maintain its value or even rise.

• It Has Rich History

Gold is one commodity with a rich history. Ancient civilizations from Egypt, to Rome, to the Ottoman Empire in Turkey, were all known to have made use of and traded in gold. It was a symbol of absurd wealth, dominion and royalty in some parts. And that is why it is still highly regarded as a symbol of power.

• Gold is a Long Term Investment

Gold thrives better in the long term. Thus it will be more suitable as a form of storage for future use. Investors that are looking for very long term investments should consider dealing in gold.

• It Comes in Different Forms

Gold can exist in various manners. It is well known to have a rigid spot in the world of fashion. Gold accessories like jewellery are very popular. It is a great part of the conjugal culture in places like India and Pakistan. This versatility simply means you can invest in gold in various forms as much as you can.

• It Never Goes Out of Fashion

Gold is one commodity that no one gets tired of. It tends to wax stronger even when other things are crumbling. It is a commodity that can’t be easily gotten rid of or be overshadowed by another in value and general appeal. This uniqueness is not rivalled by any other commodity.

In essence, we are saying that investing in gold is a proven route to attaining financial stability. Its value tends to be more favourable in the long term. Thus, it is something you should consider …