For some events, an organizer may find it appropriate to offer a payment plan option to their registrants. This article will guide an event organizer through the steps of setting up a payment plan for a specific event.
In the Event Admin settings, under Setup, you will see a drop-down menu titled “Pricing, Modes & Dates”. Under this tab, if you scroll down, you will eventually see the following option.
If you click on the + New button, a new screen will appear that has different specifications that can be set for the payment plan.
The first thing you will want to do is give the payment plan a name. You have the ability to use the same payment plan for different events so in these instances, keeping the name general could be helpful. Naming it something like 2017 Payment Plan might be best. Conversely, if the payment plan is specific to the event and needs to be differentiated clearly based on the registration mode (individual, team, etc.) then naming it something like 2017 Team Registration Payment Plan might be more useful.
Another option you have is to indicate a deposit amount and type. You can allow registrants to put a certain dollar amount or percentage down on their registration, then distribute the rest of the payments across a series of installments, with customized intervals.
There are two majors ways to customize the distribution of the remaining payments.
The first is setting a final payment date. By setting a final payment date, you are declaring that all active payment plans for this plan must be completed no later than the provided date. This then works separately from the payment interval setting. If you select 'at due date' then the remainder of the purchase will be charged at the final payment date. If you select any of the timed intervals (weekly, bi-weekly, or monthly), then the payment plan will charge the user the remaining amount evenly distributed on that interval.
Payment Plans is a new feature that is included in the TopScore Premium service. This includes text messaging, payment plans, and subscriptions. If you are interested in learning more, contact your account manager or visit help.usetopscore.com and submit a support ticket.