Post by asadul5585 on Feb 21, 2024 23:27:33 GMT -5
You will reduce the risk of default among customers by ensuring that they make automatic, regular payments at fixed intervals. This is only possible through recurring payments, which make life easier for both the consumer and the manager. The lack of receipts on the correct date is the arch-enemy of the financial health of any business, but there is a “heroine” capable of avoiding its damage: recurrence. Only it can create conditions to ensure revenue predictability and cash security. According to data from the Consumer Debt and Default Survey (Peic), the share of defaulters in May 2023 reached 29.1%. Almost 30% of Brazilian families are in debt! The consequence of this index is a financial snowball: customers do not pay and, without money, companies may need to resort to credit to settle their bills, which causes even more debt in the country as a whole. If you don't want this to be the story of your business, continue reading and learn about effective strategies for getting paid on time, regularly, in a practical and safe way! How is default in Brazil? In 2022, 69.4 million Brazilians did not fulfill (or fulfilled late) their financial commitments, according to Serasa's Default and Debt Renegotiation Map.
Delays are also avoided. This brings greater security to the financial management of any company. And it's not just because of forgetting one bill or another that customers get stuck with their bills: those who have been in debt for longer tend to find it more difficult to get out of it. According to research released by the National Confederation of Commerce in Kuwait Mobile Number List Goods, Services and Tourism (CNC), for every 100 consumers with outstanding payments in April 2023, 45 were overdue for more than three months. To prevent your customers from entering this debt cycle, the most effective way is to invest in a recurring receipts model. Keep reading and understand why. What is recurring payment? Recurring payment is nothing more than contracting a service or purchasing a product that will be delivered to the consumer from time to time within a specific or indefinite period and paying for this contract in the same way. Think about all the streaming services you know: Netfix, Spotify, GloboPlay… They are examples of recurring subscriptions, as well as book clubs, wine clubs and so on.
You can find a complete comparison of installments and recurrence in this other article on our blog that deals with recurring credit , but, in short, installments can be terrible for your customers' pockets and risky for your business. Better to opt for recurring payment: more practical, safe and effective both to reduce concerns about future payments and to increase your revenue ! Let's see how this alternative works in practice? What is the recurrence market and how does it work? In the recurrence market , the customer pays to have access to a product or service for as long as they want. This logic is a possibility that differs from traditional purchasing, in which the consumer pays to own a good or to hire a service once. The trend represents: more convenience when purchasing; simplicity in joining and canceling the plan; transparent relationship with consumers; consumption-based pricing system; It is more autonomy to choose how to pay for the subscription.
Delays are also avoided. This brings greater security to the financial management of any company. And it's not just because of forgetting one bill or another that customers get stuck with their bills: those who have been in debt for longer tend to find it more difficult to get out of it. According to research released by the National Confederation of Commerce in Kuwait Mobile Number List Goods, Services and Tourism (CNC), for every 100 consumers with outstanding payments in April 2023, 45 were overdue for more than three months. To prevent your customers from entering this debt cycle, the most effective way is to invest in a recurring receipts model. Keep reading and understand why. What is recurring payment? Recurring payment is nothing more than contracting a service or purchasing a product that will be delivered to the consumer from time to time within a specific or indefinite period and paying for this contract in the same way. Think about all the streaming services you know: Netfix, Spotify, GloboPlay… They are examples of recurring subscriptions, as well as book clubs, wine clubs and so on.
You can find a complete comparison of installments and recurrence in this other article on our blog that deals with recurring credit , but, in short, installments can be terrible for your customers' pockets and risky for your business. Better to opt for recurring payment: more practical, safe and effective both to reduce concerns about future payments and to increase your revenue ! Let's see how this alternative works in practice? What is the recurrence market and how does it work? In the recurrence market , the customer pays to have access to a product or service for as long as they want. This logic is a possibility that differs from traditional purchasing, in which the consumer pays to own a good or to hire a service once. The trend represents: more convenience when purchasing; simplicity in joining and canceling the plan; transparent relationship with consumers; consumption-based pricing system; It is more autonomy to choose how to pay for the subscription.
