A steady cash flow is best for all teams and associations. Through Rubic, you can now invoice training fees monthly, for example, and ensure a stable income for the club – all year round.
Several clubs have expressed a wish to be able to invoice training fees monthly, following the model of fitness centres – it is better to split a training fee over several months instead of one big bill. It is more convenient for members, and at the same time it improves the club's liquidity, with a more even flow of money all year round. The ski and football club Lyn is the first to start using our monthly invoicing.
Kjetil Rist, general manager of Lyn, says the first monthly invoices are being rolled out right now, and he is excited to see how users will receive the payment solution.
– We are doing this first and foremost because training fees often involve quite large sums. Splitting it up monthly makes it easier to pay than quarterly, which is what we have done before. Then it often arrives together with the other quarterly bills. We want to make things easier for our users, while it also has an effect on the cash flow in the club, says Rist.
There is a reason fitness centres charge you the membership fee once a month: the amount is relatively modest, and at the same time it ensures the centre has money all year round. It is easier to collect NOK 300 a month than NOK 3,600 in one go.
In practical terms, it is also easier for members – they add their card, while the club enters an amount to be charged regularly.
Once you as a member have saved your card, you can pay invoices with a single click, or you can choose to turn on automatic payment of invoices on the due date. You can do this for payments addressed to you alone, or make the card available for payments addressed to your children.
The payment information is stored by our payment provider Stripe, a recognised provider of payment solutions with the highest level of security certification. Your payment data is well looked after by Stripe.
The rest happens automatically, and nobody needs to do any more work on it, either as a member or as a club. Simply put – a win-win for both parties!
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