Welcome to Regpack!
We have a new and exciting payment solution designed to automate the payment collection process for you and your users from start to finish.
In this video we’ll take you to the scheduled payments experience for your users. And in a future video we’ll show you how to create the scheduled payment options.
Scheduled payments are a convenient way to organize deadlines for your users payments, provide them with installment options or even offer customized plans.
Let’s take a look at Wanda Moreau as she registers for the European Conference. We’ve set up some payment plans to present when the European Conference option is selected.
After confirming her selection, Wanda now has the option to either pay in full, or choose one of the other European conference payment schedules that have been created specifically for this event. Note that there could be multiple options for her to choose from. You can see three types of payment schedules.
- A simple option of paying a deposit and then closing the balance on the due date you set.
- A more advanced option that allows Wanda to pay the deposit and then at monthly installments that end on the full payment due date.
- Or finally Wanda is offered an option to pay the deposit, pay 50 percent of the full payment one month before the conference, and then pay the remaining balance on the payment due date.
Note that plans are dynamic and the system can alter the dates and the amounts depending on when Wanda registers, breaking her payments into smooth, consistent installments. Wanda selects the second option and is sent to the checkout form. Here, Wanda can see the plans she selected and when payments are due. Wanda issues a payment and now the system has a saved payment method on file.
From this point on the system will automatically charge for the listed amounts on the listed dates.Simple for Wanda, simple for you. Organizations using scheduled payments have seen a 75% decrease in non-payment, have improved their cash flow by 25% and have converted up to 35% more applicants into paying clients since they offer the flexibility they need.
Your project manager would love to work with you in order to get started with your scheduled payments. Feel free to reach out to us.