Changes between Version 11 and Version 12 of paymentpolicy

Timestamp:

Jul 28, 2011, 4:13:33 PM (14 years ago)

Author:

Hilary Goldstein

Comment:

--

paymentpolicy

@@ -12 +12 @@
 
 === Payment Plans === 
-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.
+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.
 
 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.
 
-''The question here is how to segment the payment plan group, and document their terms for tracking purposes. That would be key.''
+''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.''
 
 === Initial Implementation ===