Increase Daycare Payments and Save Time with Daycare Software
Monday, November 30th, 2009Many daycare business owners spend countless hours calculating daycare tuition and fees and dealing with bounced checks and other collection headaches. How can you eliminate this tedious child care job? The best way for child care centers to increase successful payment collection is by investing in childcare software.
Daycare for software businesses usually include fee collection programs that will dramatically reduce the time and effort you would normally spend collecting and processing payments through electronic funds transfer (EFT).
There are three ways that quality child care software may process payments:
- Recurring ACH (Automatic Clearing House) transactions: These are bank to bank transactions. Payments are automatically deducted from the client’s checking or savings account and deposited then into your daycare’s business account.
- Recurring credit card transactions: Here, the client’s credit or debit card is automatically charged on a recurring basis.
- Point of Sale Transactions (POS): POS transactions allow you to process payments through a credit or debit card swipe on-site.




