Sponsorship Payment by Credit Card
The GO Kickball MSC Team is excited to share our new “Sponsorship Payment by Credit Card” functionality within our Webbuzz system. Many markets have asked for this method of payment for the sponsorship revenue received each season. There are several value-added reasons to promote this and we highly encourage using this process going forward.
BENEFITS OF CREDIT CARD VS. CHECK . . .
FOR YOUR SPONSOR –
• Quick and easy
• Saves your sponsors valuable time writing and tracking the check(s)
• Saves your sponsors much needed capital since they are using their credit
• Receive “reward points” on their credit*
*note there is a 2% processing/trans fee for using the credit card method
FOR YOU—THE MARKET DIRECTOR --
• Prompt, quick and easy – No more waiting on the “run-around” of the sponsor
• Saves you valuable time and energy spent on obtaining sponsor checks throughout the season
• Guarantees payment upfront—no risk of “bounced” checks
• Creates potential for more sponsor funds since sponsor pays early and will not get “backed-up” with the next season’s sponsorship
• Creates potential for more revenue from one sponsor as upfront cash is not needed
• No longer have to mail checks to GKB Corporate for deposit in bank account
• No risk of losing checks in the mail
• Prevents uncomfortable and embarrassing callbacks when sponsor delays payment
• Close out your end-of-season financials faster due to all revenue received upfront
WHAT TO DO?
When discussing sponsorship payments with your prospective sponsor, introduce the “‘credit card payment method” using the benefits mentioned above. Inform them Visa and Mastercard are accepted and a 2% processing/trans fee is added. Their receipt will be emailed to them upon processing. It’s that simple for you and your sponsor.
If your sponsor still requests to submit a check, we still do accept checks via our current check submission process. But, we do prefer payment via credit card if they are open to it.
WHAT IS NEEDED?
The following simple steps are needed to process the payment.
Step 1: The Market Director finalizes the sponsorship, payment method, and retrieves payment information (see Step 3) or use the Credit Card Payment Form.
Step 2: The Market Director should either email or call GKB Corporate office 404-963-6860 to provide the info in Step 3 or from the Credit Card Payment Form to our Finance Dept to be processed.
Step 3: Gather the following information from the sponsor (Step 1) and proceed with Step 2.
Information to Include in Request:
- Name of Sponsor Business
- Mailing Address
- Phone #
- Email address
- Billing name and address, if not the same
- Type of card (Visa or MC)
- Credit card number (16 digit #)
- Expiration date
- 3 digit security code (on back of card)
- Amount ($USD)
- Is this one-time payment or one of ?
Cost to Sponsor:
- Sponsorship fee
- 2% processing/trans fee
Step 4: Sponsorship payment is processed and completed. A RECEIPT will be emailed to sponsor’s email address upon credit card processing completion. The total amount processed (minus the processing fee) will be allocated to the respective market’s revenue tracker.
QUESTIONS:
Any questions now or during the process from either you or your sponsor, please contact our GSU/GKB Finance Manager at FINANCE@GoKickball.com.
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