Give your customers flexibility to pay over a longer period by adding a payment plan to their account. With payment plans your customers can pay in instalments of your choice and this can automatically trigger payment using AutoPay (debit/credit card) or Direct Debit.
Your customers credit card/bank accounts will be charged on the agreed instalment date until the outstanding amount is paid. Class Manager also gives you the tools track the progress and status of each instalment for each payment plan you have created.
You invoice Jane Doe for your classes and the term price is £300 for the 3 month period.
Jane Doe, cannot afford this in one payment. You have offered this customer to spread the invoice with a payment plan. You can setup the payment plan for the total outstanding amount, for 3 months with a monthly interval. The payment play will setup at £100 a month. This is a great way to help out customers with large invoices without loosing revenue (specially when compared to discounting).
If you want to learn how to get started with Payment Plans check out our Payment Plan Knowledgebase article or alternatively get in touch with one of our team.
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