It’s not uncommon to make a purchase decision with one organization and then later hear from another when it comes time to make the payments. With an increase of issues related to stolen information, scams and identity theft, we can become uneasy when a separate company contacts us regarding our information and accounts with other service providers. They have all of our personal and financial information yet we made the actual purchase somewhere else. While it’s very important to keep your guard up when it comes to protecting your information, it’s also important to understand who these out-sourced companies are and what they have to do with you.
What Does Payment Processing Really Mean?
It’s common practice for businesses that need to collect payments on a monthly basis, such as health clubs, to out-source the billing side of their business. That’s where the term “payment processing” comes into play. When dealing with monthly fees, it’s more difficult to keep accurate and up-to-date billing and customer records than it is for a one-time transaction. The business owner needs to ensure that the proper accounts are billed at the correct amount, on time, each month. They need assistance with things like preventing delinquent accounts and getting the customers that do fall behind, caught up. All aspects of billing need to be closely monitored to remain on track while also ensuring the company is following all laws and industry regulations. This process is called payment processing.
How Does This Affect Me?
Regular payment processing procedures affect any consumer that signs a contract agreeing to make monthly payments for a service. Not all of these service providers will use another company to outsource their payment processing; however, many of them do. This company will help keep you on track and caught up with your monthly payments as well as offer repayment options should you fall behind.
Who Is AAC and How Can They Help Me?
Affiliated Acceptance Corporation, AAC, is a company that specializes in helping health clubs, martial arts schools and other monthly fee-based businesses with their payment processing. AAC ensures all payments are processed on time and customer records are updated accordingly, so the health club or school doesn’t have to.
When you go to the facility where you have a membership, you want to know that the owner and management team will make sure you have a great experience. It’s also important to them that they get to spend time with you and provide you with the kind of service you’re looking for. AAC helps take care of all the timely yet necessary back-office aspects of running a successful business and allows the owner and management team to get back to doing what they do best…providing you with a great experience!