There are a lot of differentservices, which, in theory, should make the life of modern man more easy. For example, recurring payments. What is it, what they have pros and cons, let's consider in the article.
What are recurring payments?
The name of payment is derived from English recurring payment, что в буквальном переводе звучит как "regular payment". This view can still be found under the name "auto payment". The idea is that the funds are debited from your account or mobile phone automatically, it is enough to set up the system only once, indicating the frequency of writing off and the amount required. It is important to observe only one condition: the account must be cash. In fact, this is a kind of schedule for payments and transfers.
Benefits
Periodic payments have a number of advantages.If you carry out certain monetary operations on a regular basis, from month to month, then, by setting up an auto payment, you will save time spent on their registration and execution.
Further, it's good that you do not need to keep the dates of repayment in mind and be afraid of late payment. Especially it is convenient with loans, because for the delay in making funds for loans, the bank has a fine.
It's also convenient to set up auto payment for mobilephone with a reduction in its balance below a certain level. This removes anxiety about the fact that you can suddenly be left unconnected due to the amount not entered on time. Actually it will be for those people who often go on business trips.
Another plus is that individualThe services offer discounts for their services provided that the payment of auto payments is made. Also the advantage is the savings on the commission. At auto payment it either is not, or it is lower, than at use of other methods of payment.
disadvantages
Recurrent payments, unfortunately, are related to high-risk transactions, since they are made in a non-acceptance order. This means that your permission to debit money will not be asked.
Если автоплатеж настроен для внешних переводов, it must be borne in mind that on weekends and holidays they are not performed. It is also important to ensure that the total amount does not exceed the established limit or balance on the card. Otherwise, payment will not be made.
Auto payments are not protected from the possibilitytechnical failure in the system. It is also not possible to pause the depositing of funds for a while, you will need to delete all the settings, and then set the parameters again.
Therefore, in the case of regular payments, you should act on the principle of "trust but verify."
Who is comfortable with auto payments?
You can make regular payments for variousgoods and services, as well as serving the needs of the business. Therefore, they are convenient not only for individuals, but also for organizations and private entrepreneurs.
In the interests of business, you can set up auto payments for access to the repositories of various content or SaaS services (say, online accounting), and set up payment of taxes and fees.
For personal needs it is convenient to arrange car payments oncellular communications, Internet, commercial television, utilities, extinguish loans. You can automatically configure and transfer funds, for example, relatives or friends, as well as currency exchange, if you need it for some reason.
The largest online stores offer their users to subscribe to pay for goods, services and services.
If you participate in charity, suchtransfers can also be configured as recurrent payments. If you are engaged in investments, then the deposit data can be set up on a periodic basis. That is, in essence, almost any type of payment that is made at regular intervals can be made recurrent.
It is convenient to set up automatic payments for those who participate in microcredit systems.
How to reduce risks?
So that the payment of payments does not turn out for yousuccession of trouble, follow the safety rules. Under no circumstances transfer the card to third parties. Even a waiter in a restaurant has no right to carry her away. All manipulations with the card should be made only in your presence.
The fact is that to make a payment you needthere is not much to know: the card number, the name of the owner, its expiration date and CVVCVC code, which is publicly available on the back. Therefore, there is no need to even steal a card from you; it is enough to rewrite the necessary information.
Держите под рукой телефон банка, чтобы в Emergency urgently contact him and block the card. Connect a mobile bank, then you will receive an SMS notification about every movement on your current account. Use only trusted sites, shops and hotels. Regularly update the anti-virus protection on your computer and do not use other people's PCs for payment operations. Set a limit on online payments. Some banks allow you to do this remotely, without visiting the office. The most important thing - do not forget to turn off autopayment if you have stopped using any service.
These rules are not difficult to follow, but they really help to save your money.
How to set up auto payment?
Banks for almost any type of payment offer to set up an automatic payment. In the Internet bank, it is enough to put a tick in the item “Repeat regularly”.
If you want to set up recurring payments andyou do not need to pay for services at the moment, then select the “Set up auto payment” option. There indicate the name of the operation, select the regularity of execution (weekly, monthly or on specific dates), mark the validity period (without limitation, until a certain date or by the number of payments). The procedure for each bank may differ slightly, but the principle is the same everywhere.
You can set up auto payments not only through the Internet bank, but also through an electronic wallet. For example, Yandex.Money allows you to top up your mobile phone balance.
Regular payments and business
If you look at auto payments from the point of viewbusiness owners, this turns out to be very profitable. Buyers who have the ability to set up a regular deposit of funds are more likely to become permanent, since there is no need to re-enter details.
Autopayment does the payment procedure for goods orservices are simpler, saving the user from performing a series of additional actions, which, in turn, increases the sales of the online store several times. This is especially important for those entrepreneurs who offer regular services: hosting, commercial television, training programs, access to any resources.
