Online event payment solutions offer excellent financial management in terms of secure collection of donations and debits from attendees and donors. The web-based payment solution also offers a wide variety of money transfer options through various payment methods such as PayPal, credit cards, Authorize.net, etc.
In general, most online event payment solutions are PCI compliant, making them 100 percent safe to process, store, or transmit credit card information. Attendees can purchase multiple tickets for the program using their credit cards such as Visa, MasterCard, Discover, etc., or by paying with checks and purchase orders. Participants can also pay with other major payment gateways, such as their own business accounts or a payment plan using a recurring billing option.
Donations play an important role in generating income for most organizations, charities, and schools. The donation management problem can be solved if you accept donations online, which also ensures an error-free transaction. Also, it has been found that most customers prefer to donate funds online.
Advanced web-based financial data management software typically accepts online payments at a highly competitive rate for all major credit cards and through PayPal, CyberSource, or Authorize.net. Online event revenue solutions do not require any additional reduction fees for corporate “mileage” or gift cards and fundraisers. Whether there are conferences, meetings, seminars, trade shows or exhibitions, online payment management services help quickly process refunds and resolve chargeback requests, if applicable.
One of the main advantages of online payment services is that they reduce all kinds of risks related to the handling of financial data. The application guarantees full online collection of subscription fees or donations due to members, with the least labor involved.
Web-based payment options:
• Increase the efficiency of funds processing
• Decrease registration time (no more long queues to fill out registration forms)
• Track revenue by event
• Monitor registrations and payments through notifications
• Synchronize multiple payment systems at large and complex events
• Helps spend less time on refunds and settlement
PCI compliant online compensation processing solution consolidates registration data to manage visibility and financial reporting. Supports recurring orders for memberships, subscriptions and more, regardless of the gateway used. The solution also provides a self-service feature for organizers to submit refunds, modify orders, process credits, and complete transfers. Online event payment solutions also allow organizers to view their own payment instructions and refund policy, where necessary.
Online financial management solutions not only enable a smooth flow of payments, but also create and manage instant online records and other aspects of program administration. By using secure online payment solutions, event companies and educators can reconcile transactions, manage refunds, handle chargebacks, and manage business accounts efficiently.