- Site Admin
- Posts: 284
- 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
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?
Reunion Association President