Here's Why Invoices Are Losing Your Sports Facility Money
Invoices can be a great way to collect payments for the usage of your sports facilities. However, they can also be losing your venue out on a lot of revenue. Read on to find out why.
Your invoices are leading to bad debts.
Ever send out an invoice and it doesn’t get paid? That happens far too often for many sports facilities, leading them to lose out on considerable revenue. When you offer online payment, bookings are paid on the spot so you don’t have to worry about invoices going “into the void” and never getting paid!
You’re dealing with no-shows for your facilities.
When you rely on invoices, there isn’t much of a penalty to people who don’t show up to use your sports facilities. When customers are automatically debited the week or day of their booking, you don’t have to worry about no-shows. You can add in a Cancellation Policy to your sports facility management software to further reduce the risk of no-shows.
There’s a slow turnaround time for payments.
When you get payed by your invoices, you’re relying on the customer to pay that on their own timeframe and then receive the payment from the bank transfer. When customers by credit or debit card payments, you get paid right away – no waiting required.
It’s time to make the move to online bookings and payments. Get paid quicker, more reliably, and even offer the option for customers to pay as they go. Book a discovery call to learn more.