Does your club still accept cash payments, money orders and cheques?
While these payment methods might have served your organisation well in the past, electronic payments have long surpassed them as your members’ preferred way to pay.
It’s no secret that British people are carrying less cash on them, less frequently. Last year, just 23% of all payments used cash. A fear of transmitting COVID 19 has only accelerated this trend, which means that expecting your members to pay in cash can cause a disjointed payment process.
The answer? Go digital. To encourage safer, quicker and more secure payments for your club, let’s take a look at why digital payments are the way forward and how you can implement them into your club.
Why scale up your payment processes?
As well as offering members a fast and familiar way to pay, electronic payment systems deliver a range of other benefits for associations, organisations, clubs and societies.
Keep your community safe
82% of people now see cashless payments as the safer and preferred option despite there being no evidence of cash transmitting coronavirus. Offering a cashless payment option allows your staff and members to exchange money with peace of mind and follows COVID safe measures encouraged by the government.
Stop chasing payments
Think about how much time you spend following up members for their annual fees, kit costs and other associated expenses. With digital invoices and reminders sent directly to your members, you’ll spend less time following up payments and more time dedicated to serving your club.
Improve cashflow for your club
Faster payments means increased cashflow for your organisation. As the primary source of income allowing you to offer your services to the community, having consistent collection of payments allows you to distribute more funds where your club needs it most.
Reduce admin time
With a streamlined online payment system, doing the books becomes a breeze. All payments that come through your electronic system will be automatically logged and tracked using an online dashboard. This means you can spend less time pouring over the figures while retaining total clarity over your club’s finances.
Hold less cash on site
Transferring your payments to digital allows you to keep less cash on site. It also means there’s less chance of money going missing or miscalculated with everything done automatically through your payment portal. Easy!
Top 4 payment systems for clubs and associations:
All-in-one payment terminal
Our newest payment option is the all-in-one payment terminal which seamlessly connects to your mobile device and integrates with your point of sale. Simply download the LatPay app on your Android and get ready to swipe, insert and tap away.
Benefits of the All-In-One payment terminal for clubs and associations
- Bluetooth capabilities allow for faster processing times
- Intuitively designed for easy adoption
- All Latpay devices have a low 1.7% transaction rate
- Follows COVID safe guidelines and caters to the growing preference for cashless payments.
- A modern payment method to make your club or association look professional
mPOS (or mobile point of sale) solutions are a really simple way of taking payments for busy clubs and associations. Especially for those who don’t have a website, or whose website lacks eCommerce functionality, mPOS allows you to take simple credit card payments by scanning with your mobile device.
mPOS also has really stringent security parameters, meaning your members payment details will remain safe at all times. So regardless of whether you’re in the office or walking around the grounds, taking payment via mPOS is quick, simple and most importantly, secure.
Benefits of mPOS to clubs and associations
- Take payments on the go – no need for wires or desktop portals
- Reduce time and resources collecting payments
- Offer streamlined payment options to your members
- Store less cash on site
- Protect member payment details with the highest level of card security
- Follows COVID safe guidelines and caters to the growing preference for cashless payments.
As the name suggests, Payment Links allow you to collect money from your members through a digital link. These links may be sent via text or email and even through social media accounts like Messenger, WhatsApp and Viber.
Through sending invoices directly to your member’s device, you’ll be able to collect funds faster. Payment links also have the ability to send reminder notices for unpaid invoices, reducing time and energy spent following up late payments.
Benefits of Payment Links for clubs and associations
- Send invoices to a platform your members use everyday
- Experience faster payments with a simple payment process
- Reduce time and resources collecting payments
- Offer multiple online payments that your members are comfortable using
- Store less cash on site
- Protect sensitive payment info with the highest level of card security
- Follows COVID safe guidelines and caters to the growing preference for cashless payments.
Hosted Payment Pages allow you to take payments through your website without the hassle of developing a shopping cart or checkout process. Instead, your members are redirected to a secure page to pay their fees.
With the ability to fully customise the page with your club’s colours and branding, members will never even notice they have left your site.
Hosted Payment Pages also offer top-level security and a range of familiar payment options including credit and debit cards, e-Wallets and more, making them perfect for clubs that have a website but don’t have the development capacity to build an eCommerce checkout.
Benefits of Hosted Payment Pages for clubs and associations
- Offer eCommerce functionality with the costs of developing a checkout system
- Offer around-the-clock payment systems for members to pay when it suits
- Provide a variety of online payments that your members prefer to use
- Store less cash on site
- Protect payment information with the highest level of card security
- Follows COVID safe guidelines and caters to the growing preference for cashless payments.
Accept club payments with the most reputable payment methods
- Visa
- Mastercard
- Direct Debit
- BPAY
- American Express
Ready to move your club into the future of payments? Learn more about the best payment methods and merchant services for clubs and associations today 0208 6296925.
