Payments with Cards?

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This is to gauge interest and should not be considered a vote

Poll ended at Fri May 18, 2018 10:52 pm

I would likely use electronic payments with the association if that were an option.
0
No votes
I would likely continue to make payments with a check or cash through snail mail or in person.
0
No votes
 
Total votes: 0

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Keith Holman
Site Admin
Posts: 270
Joined: Sat Oct 15, 2005 7:43 pm
First Name: Rufus Keith
Last Name: Holman
Crew?: Combined and Blue
Which Years on Board: 1980-84
Special Crew?: Neither
Rate: MM1 M-Div
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Payments with Cards?

Post by Keith Holman » Mon Mar 19, 2018 10:52 pm

We've been approached several times about the possibility of accepting cards (credit/debit) for electronic payments instead of requiring a check for reunion reservations or memberships or ship's store items.
We've done some preliminary investigations and recognize there are conveniences for the association as well as the payer. But there are also costs imposed on the association to accept that type of payment.
Some providers charge a flat monthly fee and others charge based on volume of payments. Generally, the costs are about 3% (or fractionally less) when figured on volume/amount which would need to be passed along. A similar amount would likely come from a flat fee solution but we need some estimate of volume to figure which would be most advantageous to us.
The board will be required to weigh those costs and benefits in making a decision whether to accept and what solution to use if we decide to go that route.
So we need some information from you. We're looking for opinions and predictions. Would you prefer to have the option of making electronic payments for transactions with the association?
~Keith
Reunion Association President

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