8 Services for Easy Monthly Billing

What is your favorite service for recurring monthly billing and why?

The Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched BusinessCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.

1. Freshbooks

Jonathan LongWe have used Freshbooks for several years and have never had a problem. It integrates with our merchant account and sends out professional invoices that our clients can pay online. It’s easier for the client, and we don’t have to wait for a check to come in the mail. It’s a win-win situation for both sides.

– Jonathan LongMarket Domination Media

2. PayHub

Darrah BrusteinDisclaimer: I’m in the credit card processing industry so I know a lot about the options. I love PayHub.com because it’s free to set up and just $8 a month for features that include easy to set up recurring billing, as well as mobile payments, online payments and virtual terminal options that can integrate with swipers for retail sales. It’s a great, inexpensive and scalable platform.

– Darrah BrusteinNetwork Under 40 / Finance Whiz Kids

3. Paypal

Marcela DeVivoPeople feel very comfortable using paypal. There is massive adoption, and it gives them control over when they want to cancel their subscriptions. We’ve tried using other system, but in the end, Paypal has performed best as people know the system, trust it and have fewer qualms about creating recurring subscriptions through it.

– Marcela DeVivoNational Debt Relief

4. Stripe

Matthew WeinbergStripe has totally changed the game for easy-to-use payment APIs. We work with a lot of payment gateways, and Stripe’s recurring billing API is by far the easiest to integrate with and has the most sensible behavior.

– Matthew WeinbergVector Media Group

 

5. Recharge

Ross ResnickRecharge for Shopify is an amazing app for anyone using Shopify. It offers killer customer support and an easy-to-integrate product, which make it a winner for our recurring billing needs.

– Ross ResnickRoaming Hunger

 

6. BeanStream

David CiccarelliBeanstream is a credit card processor that offers a powerful API; you can customize the look, feel and functionality of how the payments are processed. They process all major credit cards, and the funds are deposited directly into a business bank account. There are also flexible options for setting up recurringbilling which will please both your customers and your finance people.

– David CiccarelliVoices.com

7. Recurly

Nanxi LiuWe use Recurly for its easy-to-use tracking and reporting interface. We like the clarity of information Recurly is able to show on historical subscriber and transaction growth. We can also quickly add teammates to give them access to the data.

– Nanxi LiuEnplug

8. Authorize and Fusebill

Sheldon MichaelOur firm processes hundreds of credit cards a week, all for recurring clients. Our favorite recurring monthly billing services and or platforms have always been the ones that have the least amount of resistance. Authorize.net offers easy set up models for billing and push notifications that show accepted or declined transactions. We then intermingle Fusebill for our infrastructure to cut CPA costs.

– Sheldon Michael, Netjumps International

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About Young Entrepreneur Council

The Young Entrepreneur Council (YEC) is an invite-only organization comprised of the world's most promising young entrepreneurs. In partnership with Citi, YEC recently launched BusinessCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses.

  • Kate H

    Really surprised to not see Chargify (https://chargify.com) mentioned. Chargify not only streamlines recurring billing & subscription management, they integrate with several of the options mentioned above including PayPal and Stripe. I also like that because Chargify has so much experience in the recurring revenue industry, a lot of their features allow you to be more productive, increase customer satisfaction, and help retain revenue (like automated emails that can go out if a subscriber’s credit card on file is about to expire, etc.) — something companies like PayPal don’t offer.

    • http://www.smarthustle.com Ramon Ray

      😉 – thanks for adding it

      [image: photo] Ramon Ray
      Editor, Smart Hustle Magazine
      Email: ramon@smarthustle.com
      Website: http://www.smarthustle.com/ Chronicling the Smart Hustle of Small Business Entrepreneurs
      What’s new on Smart Hustle Magazine? 6 Easy Ways to Secure Your Business and Find Peace of Mind

      • Kate H

        :)

  • http://moneypenny.me/ Ania

    I would like to add Moneypenny (http://moneypenny.me/) – an Invoicing and Billing Software. It is designed for start ups and small companies and deals with all accounting and billing problems – invoices, recurring invoices, expense tracking, project management and time tracking.