Five Ways To Increase Payment Collection With LeagueApps
September 26, 2018
Collecting money is no simple task for any business operator. Sports organizers are no exception. The LeagueApps payment collection tools are designed to make payment collection easier for you AND your customers.
The LeagueApps platform includes features that are flexible for handling a wide range of scenarios, including club teams. LeagueApps even built its own payment solution called LeagueApps Gateway in order to make it easier for partners to collect and manage payments online using one platform. Our goal is to make it easier for your customers to pay online, which will ultimately drive your payment collection rates up!
Payments play a role throughout the lifecycle of a sport program.
Here are 5 ways to increase payment collection with LeagueApps:
Offer Flexible Payment Options
Enhance the participant experience with one time fees, early bird, late fees, discount codes, and payment plans. As a LeagueApps Admin you can also use advanced registration settings to control your payment collection – strictly enforcing payment at the time of registration, or the ability to pay later. You can also require that all outstanding invoices are paid before a new registration is completed. This is an effective way to clear out your customers’ outstanding balances from the previous season. Drive that Accounts Receivable number down!
Set Up Stored Credit Cards And Auto Pay
LeagueApps offers the ability for users to store a credit card, so they don’t have to enter their credit card number every time they check out. If a user is enrolling in a payment plan – he or she can opt into Auto Pay so all upcoming installments are automatically paid using the stored credit card. The user doesn’t have to log in each time payment is due, and the card is securely stored. This tool also makes it easier for you to forecast transactions and track payment collection each month.
View transactions, bank transfers, total and net amount collected and payment plan activity. Our expansive suite of reports offers detailed insights into your organization and program’s financials. It’s easier to manage cash flow and monitor paid vs outstanding invoices for a program. LeagueApps has a variety of Admin Roles, so you can even give your accountant or treasurer special access to financials.
Throughout a season add-on expenses come up, in addition to player registration fees. To eliminate the need to collect cash or checks on the field or court, LeagueApps offers a standalone invoice feature QuickCollect, which easily allows you to charge your customers for add-on fees such as travel expenses, coaches gifts, or tournament fees.
Issuing credits is a smart alternative to issuing refunds. If a customer gets injured or has a family commitment and cannot attend an upcoming program, you can issue a credit for them to apply to a future program. Credits can incentivize customers to sign up for a future program and retain your customers!