Should We Move to Credit Cards ONLY for Sports Registration Fee Payment?

2012-02-07T16:56:10+00:00 February 7th, 2012|Sports Management, SportsSignup Updates|

If your organization is considering ditching the paper check option this coming season, you are not alone. For organizations accepting both Credit Cards and Checks as a form of payment, our statistics show almost an 80/20 split. That means when your members are given a choice, they will pay with a credit card more than 80% of the time. Receiving 20% of your payments in checks doesn’t seem all that bad, until you consider that unlike credit cards, checks are not a form of guaranteed payment. And, you will rely on people sending checks, you will get some in the mail, some handed to the treasurer in person, and so on. Although the SportsSignup online sports reigstration system does a wonderful job of managing receivables, your organization can sometimes become a collections agent, which is not all that fun.

The trend is to move to credit/debit card payment only. Almost everything you “buy” on the internet requires a credit card payment. Concert tickets, airline tickets, Amazon.com, etc. Imagine being able to pay Amazon.com by check? Not gonna happen. The popularity of debit cards has made it easy for most people with a bank account to get a piece of plastic with a Visa or Mastercard logo on it. So, in almost all cases, it is not a hardship for your members to pay by credit/debit card at the time of registration. The advantages are numerous, including guaranteed payment (the credit card companies take the risk of collections, not your organization), zero receivables/collections, minimizing paperwork and trips to the bank, no reconciliation, convenience, etc.

Many sports organizations have gone in this direction, and have never turned back. In almost all cases, these organizations allow, on a case-by-case basis, payments by check/cash/other where the situation warrants. After all, not everyone has a credit/debit card and some people just prefer to pay cash, and we suggest you take it!

Interested in learning more about what an online sports registration system can do for your youth sports organization? Visit SportsSignup.com today!