Why

What

Payment plans are a frequently requested feature of our REALTOR® associations. This feature allows for a membership to be billed outside of our traditional payment frequencies (annual, quarterly, etc.). It also empowers the association to define the allotted amount of each line item that will be represented in the defined invoices.

Customers who can use Payment Plans

Renewals

A payment plan can be assigned to a member at the time of renewal, or just ahead of the annual payment date.

An association would setup their payment plans and send notice to the eligible members. A member can review the payment plan details and make the choice to opt-in to the specialized payment plan.

Once the it’s time to begin generating invoices, the payment plan will function like any other membership billing.

New Members

A payment plan can be shown as a payment option on a member application. This allows the member to select a payment plan at the time of joining.

Constraints:

• Only available for fixed renewal memberships

• Must have a 12 month term

• Fixed date setup for invoice dates and the eligibility period

  • Requiring a review and rebuild each year.

• All invoice dates have to be greater than the eligibility end date

• The only recurring goods/service from the membership are available to use in the payment plan

  • Makes adding an admin fee challenging

• Bruin customers should not be using Payment Plans

• Must be set to a Cash basis. Does not work for accrual accounting

• Must be using V2 of the member application to use payment plans for joining members