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PRE-AUTHORIZED PAYMENTS


The Easiest Way to Manage PRE-AUTHORIZED


The Easiest Way to Manage Pre- Authorized Payments


Save time, money and headaches


with the right technology By Michael Raphael When it comes to managing pre-au-


YMENTS


thorized payments for membership and personal training dues, there is no defin- itive answer about which frequency or payment method is best.


But one fact is certain: there is noth-


ing more inefficient and costly than managing pre-authorized payments across multiple software systems.


When your club’s management soft-


ware doesn’t communicate directly with a payment processor’s software, your club is forced to manage these payments across multiple systems.


In a best-case scenario, this discon-


nect is generating more than twice the work necessary for your administrator.


• First, the administrator must


add each new agreement and update any respective changes on two (versus one) software systems.


• And secondly, because many


Save time, money and headaches with the right technology Save time, money and headaches with the right technology


of these changes cannot be immediately entered into your payment processor’s software, your administrator must cre- ate a process to track upcoming updates. (For example, setting up an upcom- ing hold period can’t be done until the last payment before the hold starts is processed.)


even more unnecessary work by having hen it comes to managing hen it comes to managing


BY MICHAEL RAPHAEL BY MICHAEL RAPHAEL


•


to manually update each declined pay- pre-authorized payments or pre-authorized payments for


ment in your club’s management soft- membership and personal membership and personal


ware because importing the payment training dues, there is no d finitive aining dues, there is no definitive anUnfortunately, time wasted from menagit mng these payme ts ac oss But one fact is certain: there is


p ocessor’s decline file isn’t poss ble. t arnswer about which frequency or pay- ment method is best. ethod is best.


W W


swer about which frequency or pay- a But one fact is certain: there is noth- ing more inefficient and costly than


38 Fitness Business Canada March/April 2014 38 Fitness Business Canada May/June 2014 May/June 2014 Your administrator endures


managing pre-authorized payments across multiple software systems. When your club’s management payments across multiple software ystems.


In a best-case scenario, this dis-


nothing more inefficient and cost- ly than managing pre-authorized software doesn’t communicate di- srectly with a payment processor’s software, your club is forc d to man ware doesn’t communi ate direc ly with a payment processor’s software,


your club is forced to manage these payments across multiple systems. In a best-case scenario, this discon- enerating more than twice the


connect is generating more than twice the work necessary for your administrator.


When your club’s management soft- age these payments across multiple systems.


nect i• Fs girst, the administrator must add each n w agreement and update any


software systems.


work necessary for your administrator. res•p First, the administrator must add


ective changes on two (versus one) each new agreement and update any


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