Friday, April 19, 2013

Features and Benefits of Online Event Payment Solutions


Online event payment solutions offer an excellent finance management in terms of safe and secure collection of donations and dues from attendees and donors. The web-based payment solution also provides a myriad of money transfer options through varied payment getaways such as PayPal, credit cards, Authorize.net, and so on.

Generally, most of the online event payment solutions are PCI compliant, which makes them 100 percent secure for processing, storing, or transmitting credit card information. Attendees can buy various program tickets using their credit cards such as Visa, MasterCard, Discover, and so on, or by paying through checks and POs. Participants can also pay with other major payments getaways, such as with their own merchant accounts, or with a payment plan using a recurring billing option.

Donations play a major part of revenue generation for most organizations, charities, and schools. The problem of donation management can be resolved if you accept donations online, which also ensures an error-free transaction. Moreover, it has been found that maximum customers prefer donating funds online.

Advanced web-based financial data management software generally accepts online payments at a highly competitive rate for all major credit cards and via PayPal, CyberSource, or Authorize.net. Online event revenue solutions do not require any additional downgrade fees for corporate' mileage ' or gift cards and fundraisers. Whether there are conferences, meetings, seminars, trade shows, or exhibits, the online payment management services assist quick processing of refunds and resolves chargeback requests, if any.

One of the major advantages of online payment services is that they reduce all types of financial data handling hazards. The application ensures complete online collection of membership dues' subscription fees, or donations, with least manpower involvement.

Web-based payment options:
• Increase fund processing efficiency
• Decrease registration time (no more standing in long queues to fill in registration forms)
• Track revenues by event
• Monitor registrations and payments via notifications
• Synchronize multiple payment systems at large and complex events
• Help to spend less time on refunds and settlement

The PCI-compliant online compensation processing solution consolidates registration data for administering financial reporting and visibility. It supports recurring orders for memberships, subscriptions, and more, regardless of the gateway used. The solution also provides a self-service facility for organizers to submit refund, amend orders, process credits, and complete transfers. Online event imbursement solutions also allow the organizers to view their own payment instructions and refund policy, as and when needed.

The online financial management solutions not only enable smooth flow of payments, but also create and manage instant online registration and other aspects of program management. Using the secure online payment solutions, event companies and educators can reconcile transactions' manage refunds' handle charge-backs' and efficiently administer merchant accounts.

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