MBA725 Dealing with Failed Recurring Charges

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.9 • 1.2K Ratings

🗓️ 24 August 2016

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you run a SaaS or other business with recurring charges, you know what a pain it can be when payments fail. Over time, the cost of failed payments can really add up! That's why it's important to have tools and systems in place to deal effectively (and automatically) with recurring charges. Today we discuss our favorite techniques and products for doing just that. Click play!

Transcript

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0:00.0	Heyo! Welcome to the $100 MBA Show! We know business ain't easy, but it doesn't have to get you down.
0:15.6	We're here for you to solve your business problems every single day with our daily 10 minute business lessons for the real world.
0:22.4	I'm your host, your coach, your teacher, Omar. minute business lessons for the real world.
0:22.6	I'm your host, your coach, your teacher, Omar Zenholm.
0:25.6	I'm also the co-founder of the $100 MBA,
0:28.6	a complete business training and community online
0:31.4	over at 100 MBA.net. Check out our free goodies. We have free
0:36.3	guides for you to download a free seven park course on nailing your
0:40.2	business idea all for you to help you get started. In today's lesson you will
0:44.6	learn how to deal with failed reoccurring charges. If you run any kind of
0:49.3	SAS business, a monthly fee for an online course, a gym membership, a yoga studio, a software
0:55.4	product, a software as a service where you have monthly or annual payments.
0:59.4	You're going to deal with failed charges. You're going to deal with people having declined credit cards for various reasons.
1:06.0	They could be max out.
1:07.0	They could be expired cards.
1:09.2	Remember if it's an annual subscription, the card could have been valid when they created the account and
1:14.5	when they paid their first payment, but one year later it could expire, or that card
1:18.8	is cancelled or something like that. I'm going to share with you some systems and some
1:21.8	tools you can use to save yourself a whole lot of money to make a whole lot of money
1:26.3	But more importantly save you from pulling out your hair. Let's get into it. Let's get down to business.
1:39.0	Today's episode is sponsored by Sumomie. One of the biggest regrets I had about two years ago was not installing Summee earlier.
1:45.3	That's when we started using it.
	...

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