Changes between Version 11 and Version 12 of paymentpolicy
- Timestamp:
- Jul 28, 2011, 4:13:33 PM (13 years ago)
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paymentpolicy
v11 v12 12 12 13 13 === Payment Plans === 14 For members unable to pay their full balance, payment schedules may be coordinated with the Membership Associate. A payment plan typically requires a monthly minimum. For example, this might be the annual dues amount divided by 12 for a monthly payment. If a member fails to make a timely monthly payment, that member is no longer eligible to follow a payment plan and must pay their dues in full as per the payment status schedule.14 For members unable to pay their full balance, payment schedules may be coordinated with the Membership Associate. A payment plan typically requires a set payment schedule with a specific minimum payment due. For example, a monthly payment plan would require a monthly payment of 1/12 the annual dues amount. If a member fails to make timely monthly payments, that member will no longer be eligible to follow a payment plan and will be required to pay their dues in full. 15 15 16 16 Additionally, members that are unable to pay their yearly dues in full can apply for a reduced rate by contacting the Member Associate. We recognize that this may be especially necessary for members that have fallen years behind. 17 17 18 ''The question here is how to segment the payment plan group, and document their terms for tracking purposes. That would be key. ''18 ''The question here is how to segment the payment plan group, and document their terms for tracking purposes. That would be key. Hilary - I think it would be easiest to offer clear packages - monthly or quarterly payments of at least a set amount. Though I'm not completely clear on the tech part - having a few set options that are consistent will be easier to track and easier to set up regular anouncements.'' 19 19 20 20 === Initial Implementation ===