Billing Series

Billing Series

A way in which a company attempts to collect on a credit sale. A billing series takes the form of a series of progressively more stern letters. For example, the first letter may invite the customer to pay while thanking her for the purchase. The final letter often threatens legal action or to report the buyer to a credit agency. Employing a billing series is common for periodicals and similar companies.
References in periodicals archive ?
billing series shall indemnify and save harmless the Town of Hooksett against any loss or
Their experience may tell them differently, but I'd be dubious about mailing a subscriber who has ignored a half dozen previous notices the opportunity to set up another billing series.
Credit offers live and die by payup performance, and it's the job of the billing series to obtain that payment.
NASDAQ:FISV), today announced that Electric Insurance Company, Beverly, Massachusetts, is now in production with the FREEDOM Billing Series.
And you will have the bureaucratic effort of continuing or restarting their subscription and a new billing series to get paid.
While upfront response improves, the back-end becomes more complicated with the addition of a billing series.
How can you possibly make a dime starting a billing series for a $5.
Explains North Shore's Harpham, "You need to design a billing series that motivates them to respond.
So you often do wind up starting a new billing series.
A billing series must also reflect the method in which the product was sold.
I'm not sure I'd be willing to begin another billing series for a $19.
But you will face an additional challenge: Whether to create a billing series of your own or retain a credit/collection agency.
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