ClubRunner™ created “Automated EFT” helping many clubs become independent from their high cost billing companies. With ClubRunner’s EFT service you are in control! No longer will you pay fees for adding, deleting, and changing membership information. You will eliminate costly fees for generating simple reports and mailing labels. Information is current and readily available. With these value added features you could save up to 70% of your EFT processing fees. ClubRunner’s “Automated EFT” is the fastest and most cost effective way to collect member dues. EFT billing files are sent from your computer. Your members are debited and the funds are wired into your bank account. Charge backs are automatically updated in ClubRunner™. Reports are printed to your printer showing you a complete list of the members who returned, for how many dollars and why. User defined messages can be sent to the front desk alerting your staff of delinquent members instantly as they check-in.
Checking and Savings Debit – $0.20 each
Checking and Savings Corrections – $1.00 each
Checking and Savings Resubmits – $1.50 each
Checking Charge Backs and Credit Card Declines – $4.00 each Checking High Risk Chargebacks – $25.00 each
Checking File Processing and Depositing of Funds – $25.00 per file
Credit Card Rates – Rates are quoted based upon volume and average ticket
A minimum of two business days before the billing date, an electronic file is sent by you to Palm Beach Financial Exchange, Inc. (PBFE) using our PROTOCOL™ software. This file contains all the necessary information needed to process EFT. Payments are collected on the billing date (or on the next business day after in the case of a non-business day), and credited, less our fees, to your bank account within two business days. Some of the advantages of EFT are:
- Accelerate Cash Flow – No more waiting for the “check is in the mail.”
- Reduce Operating Costs – Funds are deposited in one transaction saving time and money.
- Eliminate mountains of paperwork – No more envelopes to open or billing notices to send in the mail.
- Simplify Accounts Receivable – All billing transactions are push button easy.
- Checks are never late or lost in the mail. – Bill on time, Collect on time.
- Payments verified through bank and credit card statements. – Daily and monthly reports for all activity.
- Payments are made during illness or absence. – Timely payments are deposited to you bank account.
ClubRunner™ brings billing “in-house” by allowing you to generate statements or coupons. These billing programs are set up to bill your members based on your rules. Statements or coupons can be generated on any computer at any time, even while your front desk is up and running. No longer will you pay the high costs to billing companies. Save time and money with the ease of ClubRunner™ automated billing solutions.