Payment coupons are an efficient method to receive payments from your account holders and clientele faster by increasing turnaround in your accounts receivable department, and streamlining paperwork. Payment books can be ordered annually, or as needed, and can be designed to be used as much as weekly— or up to annually, depending on the type of business you operate.
Uses For Payment Coupons
There are many uses for payment books or coupons in the business and marketing world today. Some of the most common uses include:
- Association Dues
- Auto Loan Payments
- Condominium Fees
- Mortgage Payments
- Property Management
- Rental Payments
- School Tuition Payments
Features of Payment Coupons
Payment coupons somewhat resemble checks, and can come with many personalized features, such as customized front and back covers with the company logo, colors, and eye-catching adds for marketing additional products. They also come with self-adhesive mailing labels, are perforated and detachable from the payment book, and many come with additional pages in the back for supplemental needs.
Personalizing Your Payment Coupons
Your payment books or coupons can be personalized and customized to fit your particular business and marketing needs. Some of the different ways they can be customized include printing the account holder’s name and address on each coupon, printed with your company logo, printed with marketing messages, payment amount can be the same throughout the book or can be a different amount on each coupon, supplemental pages can include name and address change, automatic payment authorization, late payment information, or other marketing information.
Other optional customized features for your payment coupons may include many different color choices, mailing labels, envelopes, message lines, scan lines, and full color graphics.
Streamlining Collection Turnaround
Payment books not only streamline your cash flow turnaround, they help your account holder keep track of their own personal bills; they can be shipped straight to the borrower to streamline shipping costs; minimizes back-office work load in printing and sending monthly invoices; and many companies provide regular accounts receivable and accounts payable statements to help you keep track of all of your account holders’ payment activity and information.