Membership dues are your most stable source of revenue. Therefore, it’s important to be on the lookout for new tools that make the payment process easier for your members. A recurring payment option does just that.
Incorporating recurring payments into your billing process is easy and offers major benefits to both your association and your members. With recurring payments, members are automatically charged for dues at designated intervals, such as monthly or quarterly. Members don’t have to worry about remembering to pay one huge lump sum, and your association enjoys a more consistent revenue flow.
If you’re interested in implementing recurring payments in your association or are looking for ideas to improve your existing program, download the free toolkit below. It has instructions on how to successfully adopt a recurring payment model plus sample payment authorization forms.