Monthly Payments (1 Viewer)

[Nick]

Apparently waiting on consumer credit license.

Don't see why they don't just take a payment at the start of each month and send out the tickets for that month.

 

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[italiahorse]

I notice online that the season ticket cards will be re-introduced and money can be transferred from your old one.
Monthly payments could easily be paid for games in following Month.

 

[wingy]

Just what are the requirements/restrictions for holding a credit license
Anyone In the know here?

 

[Nick]

Dont know why they dont just take money off people at the start of every month (standing orders / dd) and post that months tickets out. It isn't actually credit then is it.

 

[Nick]

Suggested it to the club, they said:

That is something done in past, but not doesn't work logistically at moment
f we're able to use cards rather than paper tickets next season, it is an easier process

 

[SkyBlue_Bear83]

I take it you run the SBT twitter account Nick?

UK Gryphon is giving the club a grilling on it

 

[wingy]

Dont know why they dont just take money off people at the start of every month (standing orders / dd) and post that months tickets out. It isn't actually credit then is it.

Agreed Nick
Unless there Is some risk involved
With the old system the liability of none payment was with a third party
That security came at a cost though, possibly 5-10%on Income generated

 

[westofrayne]

Just don't understand why it takes so long to get consumer credit license, if they started the process in September when we can back to Ricoh, why is it not done yet.

I have 4 x Tickets that hinge on credit/monthly payment

 

[SkyBlue_Bear83]

Agreed Nick
Unless there Is some risk involved
With the old system the liability of none payment was with a third party
That security came at a cost though, possibly 5-10%on Income generated

If there is a non payment, you just don't send out the tickets for the month though?

 

[Nick]

Agreed Nick
Unless there Is some risk involved
With the old system the liability of none payment was with a third party
That security came at a cost though, possibly 5-10%on Income generated

Ah I can understand that with ticket sales being a chunk that 10% is a fair bit.

Don't see the risk in it, yeah it might be a pain at the start of each month to post them out. People are getting individual tickets posted out anyway so a little bit more admin and stamps.

 

[Nick]

If there is a non payment, you just don't send out the tickets for the month though?

Exactly, you would do it a month in advance as security so if they dont pay they dont get the tickets.

If we use the cards, take a £5 admin fee in case the people pay for a month then dont bother again so that it covers the cost of a card. Then just cancel the card!

 

[Ian1779]

Just don't understand why it takes so long to get consumer credit license, if they started the process in September when we can back to Ricoh, why is it not done yet.

I have 4 x Tickets that hinge on credit/monthly payment

Apparently you have to have 1 full year of accounts showing trading. As they completed a full year in Feb... hence the current application.