Is Direct Debit the best recurring payment method for low payment churn?
With the range of payment methods currently available for recurring transactions such as subscriptions, service fees, memberships, and regular donations, it’s beneficial for any organisation to be sure that they have the right method for their needs. Payment churn relates to the amount of money an organisation is owed versus the amount that it is actually receiving, and it should be a key consideration when deciding which payment method to use.
SmartDebit customers enjoyed an industry-leading low payment churn of 0.39% overall in 2018, with a large number achieving 0.01%. Here we explore why this is important and how it can be achieved.
Read article
