Definition of a Standing Order
A standing order is an instruction a bank account holder gives to their bank to pay a set amount at regular intervals to another's account. The instruction is sometimes known as a banker's order. They are typically used to pay rent, mortgage or any other fixed regular payments
Why does Standing Order show in ClubRight
We use Standing Order to import a new customer's data who are getting started with ClubRight and is used for admin purposes ONLY and no funds will be collected via this method!
This then allows us to show all your members data once imported, as Active so that you can start to use ClubRight whilst a Bulk Transfer is taking place for your Direct debit payments for a short period of time until the transfer is completed
Standing Order is not an automated way in which you collect money as it is not an integrated solution and only is a stand alone service where you have to physically take a hand written standing order form to your bank.
Many Disadvantages of Standing Orders
There is a lack of flexibility with the payments. When a standing order is set up, it's for a fixed amount and frequency. ...
Payments are customer dependent. ...
There can be payment delays and failures. ...
There is more manual processing and admin.
IMPORTANT NOTE
Standing order - Can only be used to take monthly membership payments. ClubRight believes you have taken this amount externally therefore will automatically say the membership plan has been paid.
Standing Order if selected will NOT collect your money automatically
Direct debit and Card will collect your money
IN SUMMARY
Standing Order is not a successful way to collect automatically money from your customers and will result in a large amount of admin if this route were chosen. Which is why we have a number of ways to collecting money, simply and affordably letting you relax.