Accounts Receivables Management


We also provide Accounts Receivable Management where you can save time and money while freeing up your staff. Our payment management program will bill and receive payments for you.

You will have the option of haveing the payments send directly to your office or deposited into your account.

Accounts Receivables can be custom made to fit your individual businees needs. Call today for more information or see below for a basic idea of cost and service.

 NEW ACCOUNT - Fresh Account immediately placed with Payment Systems to be invoiced or set for reoccurring payments.

Client will be emailed, US Mail or set up with reoccurring Credit/Debit Card deductions or Bank Drafts.

 Fee to Creditor 6% of payment made.

 

 EXISTING ACCOUNT - An Account already established with the creditor placed with Payment Systems. Same services and procedures apply as above. (Accounts Must be current may not be more then 29 days past due.)

  Fee to Creditor 7.5% of payment made.

Collection Status - When a New or Existing Account as above falls delinquent either 3 payments or 60 days behind which ever occurs first.

Accelerated letters and phone calls will be made with collection Agency approach.


If Creditor has in place a late fee or interest clause, it will be implemented. These accounts will be pursued in full force collection mode.

 Fee to Creditor 20% of payment made.

 (Being account was enrolled in the Payment Management Program, we feel in fairness to the Creditor, we will not charge the full collection agency fee as a showing of good faith that we do not allow accounts to fall delinquent to gain the far higher collection rate).

This slight increase offsets the expense of additional postage, phone calls and man hours.

PAYMENTS RECEIVED

All payments received directly by the Creditor must be reported to Payment Systems Via FAX, EMAIL OR WEB submission to ensure proper credit to accounts.


The fee is still earned by Payment Systems even if payment is made to the Creditor.