Recurring Billing Lifecycle Diagram

In essence, recurring billing is a cyclic process, involving several key stages. These include invoicing, balancing (outstanding debts are balanced against the invoices), billing itself, processing of the claims, handling of declined payments, and assessment of fees (such as late fees or decline fees).

Each stage has its own peculiarities, and, depending on a specific payment, the number of stages in recurring billing lifecycle may vary (as declined payments have to be reprocessed).

 Detailed information on recurring billing is availailable for you at Paylosophy Blog.

Recurring Billing Lifecycle

Recurring Billing Lifecycle Diagram обновлено: March 22, 2016 автором: Katherine Pensatori

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