{"id":15343,"date":"2022-03-04T20:11:58","date_gmt":"2022-03-04T20:11:58","guid":{"rendered":"https:\/\/www.plastiq.com\/?page_id=15343"},"modified":"2024-04-10T19:20:24","modified_gmt":"2024-04-10T19:20:24","slug":"membership-clubs","status":"publish","type":"page","link":"https:\/\/www.plastiq.com\/industry\/membership-clubs\/","title":{"rendered":"Membership Clubs"},"content":{"rendered":"\n

\n\t\tPayments
Deep Dive: Membership Clubs\n\t<\/h2>\n\t\t\t\n\t\t\t\t\t\t\tsign up now\n\t\t\t\t\t<\/a>\n\t

The shape of payments in membership clubs today.<\/h2>\n\t

The membership club industry has seen significant growth over the last five years and reached a size of over $26B and approximately 10,600 golf and country clubs in the US alone. As the US economy has boomed, memberships and club incomes have grown along with it and are expected to stay stable. Despite this, clubs are looking for ways to seek new revenue streams and improve their bottom line via equipment rentals, event hosting and more. However, innovation in member payment handling has generally lagged behind growth in other areas, and clubs that update their payments can offer members an improved customer experience while driving greater revenue growth.<\/p>\n\t\t\t\n\t\t\t\t\t\t\tsign up now\n\t\t<\/a>\n

\n\t<\/h2>\n\t

Key Payments Challenges<\/p>\n

\n\t\tClubs are facing some common challenges.\n\t<\/h2>\n

\n\t<\/h2>\n\t\t\t\t\"Card\n

Card processing
fees<\/h3>\t\t\n\t\t\t

Many clubs don’t accept credit cards to pay dues and when they do, they can lose up to 5% of revenue to credit card fees.<\/p>\n\t\t\t\t\"Member\n

Member payment
preference<\/h3>\t\t\n\t\t\t

Members can be very demanding of the level of service provided by clubs. Clunky and outdated payment systems don’t meet this level of service.<\/p>\n\t\t\t\t\"Show\n

Inefficient payment
reconciliation<\/h3>\t\t\n\t\t\t

Clubs with multiple ways to pay lose time and resources reconciling all payments into a single revenue stream.<\/p>\n\t

Plastiq Accept Solutions<\/p>\n

\n\t\tPlastiq Accept meets these challenges.\n\t<\/h2>\n

\n\t<\/h2>\n\t\t\t\t\"Improve\n

No processing
fees<\/h3>\t\t\n\t\t\t

Plastiq Accept allows clubs to accept credit cards without losing revenue from fees.<\/p>\n\t\t\t\t\"Flexible\n

Flexible payment
options<\/h3>\t\t\n\t\t\t

Plastiq Accept lets clubs provide multiple ways for members to pay: cards, ACH, transfers or otherwise.<\/p>\n\t\t\t\t\"Streamline\n

Streamlined
accounting<\/h3>\t\t\n\t\t\t

Digitizing payment collection simplifies reconciliation and offers full visibility into the payment process for better cash flow management.<\/p>\n

\n\t\tPlastiq Accept solves payment problems before they’re problems.\n\t<\/h2>\n\t\t\t\t\"\"\n\t\t

Real-time payment collection<\/h3>\t\t\n\t\t\t

Real-time payment collection<\/p>\n\t\t\t\t\"\"\n\t\t

Offers flexible payment options<\/h3>\t\t\n\t\t\t

Offers flexible payment options<\/p>\n\t\t\t\t\"\"\n\t\t

End-to-end tracking<\/h3>\t\t\n\t\t\t

End-to-end tracking<\/p>\n\t\t\t\t\"\"\n\t\t

PCI compliant<\/h3>\t\t\n\t\t\t

PCI compliant<\/p>\n\t\t\t\t\"\"\n\t\t

End-to-end payment reports<\/h3>\t\t\n\t\t\t

End-to-end payment reports<\/p>\n\t\t\t\t\"\"\n\t\t

Shortens collection times<\/h3>\t\t\n\t\t\t

Shortens collection times<\/p>\n\t\t\t\t\"\"\n\t\t

More flexibility-offers multiple options<\/h3>\t\t\n\t\t\t

Offers more flexibility with multiple options<\/p>\n\t\t\t\t\"\"\n\t\t

Enables budget-friendly card acceptance <\/h3>\t\t\n\t\t\t

Enables budget-friendly card acceptance<\/p>\n\t\t\t\t\"Get\n

\n\t\tPreserve Cash with Plastiq Pay.\n\t<\/h4>\n\t

Like any business, cash flow is critical to the healthy operation of membership clubs. Plastiq Pay gives you a single platform for paying any supplier while also giving you the flexibility to cover unforeseen costs and extend the time to pay off larger expenses without dipping in to cash on hand.<\/p>\n\t\t\t\n\t\t\t\t\t\t\tlearn more\n\t\t\t\t\t<\/a>\n\t\t\t\t\"Plastiq\n

\n\t\tThe Club at New Seabury keeps members happy with Plastiq Accept.\n\t<\/h3>\n\t

The challenge: The Club at Seabury was looking to expand their bottom line and upgrade their member experience. Members had been seeking more flexibility in the way they paid dues, greens fees, and other bills.<\/p>\n

The Plastiq Accept solution: By adopting Plastiq Accept, the Club was able to accept credit cards so members could pay the way they wanted. “Our members loved the customer service Plastiq offered. The Plastiq team response time was incredible,” said Jamie Gavin, the Club’s Catering Director.<\/p>\n

\n\t\tThink Plastiq Accept is right for your business?\n\t<\/h2>\n\t\t\t\n\t\t\t\t\t\t\tget started\n\t\t\t\t\t<\/a>\n\t\t\t
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