Why is a Sports Payments System Important?
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Everyone knows that Aussies love their sport. In fact, almost 80% of Australians believe that sport is a significant part of Australian culture. But not only is sport one of the great loves of the Australian people, it’s also a major contributor to the Australian economy. In fact, an estimated 14 million Australians participate in some form of sport each year, generating a whopping $50 billion for the Australian economy per annum. But with the rise in the cost of living, many parents are struggling to keep their kids in club sports. So why is sport so expensive? And how can an elite sports payments system, like Biz Core, help?
What makes club sports so expensive?
Before we explore the benefits of a sports payment system, we first have to understand what makes sport so expensive in the first place.
Well, it depends. If someone is just kicking a soccer ball around the park with their friends and family, it’s a relatively cheap activity. But if they’re looking to join a club sport like netball, soccer, or rugby, then they may find the dollars quickly stacking up.
With club sports comes costs for things like:
- Registration fees
- Sportswear like boots, knee pads, shin pads, and helmets
- Travel; the cost of getting from game to game
- Miscellaneous items like sunscreen, hats, water bottles, and anything else someone might need as a regular sports person
When looking at the above costs on their own, they can seem quite benign. But when adding them together, the cost soon becomes a little overwhelming, particularly if a parent has multiple children playing in club sports.
Why is sport so popular in Australia?
So what makes sport so popular in Australia? What keeps customers coming back to sporting clubs year after year despite the rising costs?
Enjoying the great outdoors
Australians love to enjoy the great outdoors and getting outside on a sunny day to play their favourite sport is a popular past-time.
Physical and mental health benefits
It’s a well established fact that physical activity, including sport, has extensive health benefits. People who engage in regular physical exercise will:
- Have more energy
- Reduce the risk of chronic disease such as obesity, diabetes, and cancer
- Improve and maintain areas of their everyday health like blood pressure and cholesterol
- Improve their mental health
It can even extend a person’s lifespan by up to 7 years!
Another major drawcard for club sports is the social aspect. People who play club sports meet new people and feel a sense of community and belonging.
How can a sports payment system help your club?
We know the benefits of playing sport, and we know why it’s so alluring to the Aussie public. But how can a sports payment system help your club retain members and keep your business growing?
The digital age is well and truly upon us and these days most registrations are completed and managed only. But Australians are big on privacy, with 70% of Australians admitting that privacy is a major concern. They want a service provider they can trust. That’s why you need a reliable payment solution for sports, like Biz Core, that offers your customers the security and protection they crave.
Customers don’t just love flexible options, they need them. The world is moving at a fast pace and circumstances can change in a heartbeat. The right sports payment system should offer you the flexibility to keep up with your customers changing circumstances. Like Biz Core, it should offer a range of payment schedules such as weekly, fortnightly, or monthly. And it should have the capability to process credit card payments, debit card payments, and direct debit payments.
The last thing a customer wants to do is join a club if the registration process is a nightmare. Especially when customers join sports clubs for enjoyment and fun. So you need a system that is user friendly and intuitive, and that offers customers easy access.
The ability to set and forget is important. Customers don’t want to rely on their memories to make payments or keep track of registrations. They want to set, and forget. If their registration is due, or they need to make a payment, customers want clubs to be proactive and take charge. That’s why you need a system that has top of the range automation and customer tracking so you can help your customers stay up to date.
What Biz Core can do for you and your customers
Biz Core’s comprehensive system offers sports clubs the tools they need to keep customers happy and grow their business.
Our advanced payment platform provides:
- Extensive customer management tools that allow you to log, store and manage customer data.
- The ability to track registrations and set reminders for expiring registrations.
- Payment tracking facilities that will allow you to keep track of successful payments, failed payments and overdue accounts.
- Flexible payment schedules with weekly, fortnightly, or monthly options.
- Automation, allowing you to create and send receipts, reminders and notices automatically.
- Reporting capabilities; see how your business is tracking at a glance with easy-to-read dashboards.
- Simplified document management; you and your customers can upload, send, e-sign, and store documents with ease.
- The ability to record and monitor customer interactions.
- Strong built-in data protection and security with multilayered Microsoft Azure Cloud Security.
With Biz Core, you’ll have everything you need to grow your business and keep your customers coming back year after year.
Loan management software FAQs
Why is sports membership payment software important?
Sports clubs have a range of fees and costs that need effective management. From day-to-day payments to competitions to club fees and membership, there are a lot of payment structures that need to be accounted for. A sports club payment system is built to meet these unique needs and make payment processing and collection simple.
Read more: Why is a Sports Payments System Important?
What fees can be charged on a credit card account?
Credit card issuers may charge various fees associated with credit card accounts. These fees can vary among different card issuers and may include the following:
Penalty fees, such as late payment fees and overlimit fees
Transaction fees, including foreign transaction fees and cash advance fees
Miscellaneous fees, such as balance fees and returned payments fees balance
However, fees can vary based on the card issuer, the type of credit card, and the terms of the card agreement. So it’s important to check with your card issuer to confirm what fees you may be charged.
Can I pay as credit with a debit card?
Yes, in many cases, you can use a debit card to make payments as if it were a credit card. Debit cards typically have a Visa or Mastercard logo, allowing them to be processed as credit cards in situations where credit card payments are accepted.
Whether using credit cards, debit cards, or direct debit, Biz Core makes payment processing for schools and their families easy. Contact us today for more information and a free live demo.
What is a processing fee?
A processing fee is a charge imposed by a financial institution, payment service provider, or merchant services provider for processing a transaction or providing payment-related services. This fee is applied to cover the costs associated with facilitating the transaction and maintaining the infrastructure required for payment processing. The processing fee amount can vary based on several factors, including the type of transaction, payment method, provider policies, and the nature of the service offered.
Who initiates a direct debit payment?
A business will initiate a direct debit payment. However, this will only occur once the business has obtained a signed direct debit authority form from the customer.
Biz Core makes setting up a direct debit easy for both your business and your customer. Contact us today for more information and a free live demo!