What a finance provider costs a club
Membership finance companies solve a cash-flow problem: the club gets the whole year's money in spring. The price is a fee or a share of each subscription, a credit check that puts some members off, and a third party between the club and its members. When a member falls behind, the conversation is with a lender, not the club.
What collecting it yourself looks like
- Set the plans per category. Full members might pay annually or monthly; juniors monthly only; a deposit-then-monthly option for new joiners. Joining fees can be up front or spread.
- Quote exactly. nooQ works out the first payment, the monthly amount and the pro-rated part-year from the club's rules, so the office, the website and Cadd-AI all give the same figure.
- Collect by direct debit. The member signs a mandate online; the instalments are collected monthly, interest free.
- See it in one place. Who is on which plan, what has been collected and what is outstanding sit alongside the member's bookings, and post to the club's Xero or Sage.
The cash-flow question
The honest trade-off is that the club receives the year's subscriptions over twelve months rather than in one lump. Many clubs find the steadier income easier to budget against, and more members choose to join or upgrade when the monthly figure is clear. A club that needs a spring float can ask for a deposit or keep the joining fee up front.
Monthly membership payments with nooQ. Related: paying monthly without a credit check.