Payment Plans

0:00 In this video, we're going to talk about setting up payment plans. Payment plans are a great way to increase bookings and also reduce sticker shock for your clients. So, let's go ahead and set one up. From your dashboard, you're going to go to manage payment settings. And under this, you'll see additional payment settings and then payment plans. From here, you'll see that I've got

0:24 two options set up. deposit up front, then final payment due by event date or pay the full balance upfront. Up here, you can add a payment plan. And you'll see that there's a deposit plus monthly payments, which is the same with the deposit being due at the time of booking. And then the remaining balance is split into equal monthly payments. And the number of payments will be determined by the

0:48 number of months between the booking date and the final due date. And from this menu, you can choose whether autopay is required or they can choose to enable autopay or you can not offer autopay. And if you're unsure on what the due date is, you can go up here to due dates when the final day is due. And you can choose what the initial payment is. You can choose whether it's deposit, booking fee,

1:14 or retainer. We're going to go ahead and call it a deposit. And you can give a number of days until your proposal expires. So, let's go back to our payment plan settings. And here you'll see that there was another payment plan option, which is to get the deposit and split the balance equally. So, let's go ahead and add one of those. And you can choose how many additional payments will be

1:37 collected. So, let's go with three. And again, you can choose whether you want to enable autopay or have them choose or not operate at all. So, with that set up, we're going to go from the customer side and set up a booking. And down below, you'll see that under choose a payment option, you'll see that a a deposit of 115 made today and then the remaining balance due by the scheduled

2:03 due date that you have on 150 today plus monthly payments. You'll see that it breaks down these eight monthly payments due from the initial due date that you set. So, with it being 180 days, that's how their payments will be split up. Or they can do a deposit plus three separate payments and it will schedule those payments out in 180 days that we set in the in the due date section

2:30 or they can pay in full. They can choose to enable autopay down below here and then they'll sign. And the only way that they can make an auto payment schedule is by adding either a bank account, a credit card, Apple Pay, or Google Pay, whichever way they go about it. And when making a proposal, you can manage the proposal and adjust the payment schedule. Hit the edit button here. And you can do

2:54 a custom payment schedule or a default payment plan. So in here, you can change it to the percentage of the total or a fixed amount. Say you wanted to make it a $100 deposit and change the date on when the final balance is due. You can do that here. And you can also change requirements whether you want autopay to be required or to not offer it or customer can choose. And then

3:22 you're saved and you're ready to go. So let's say she reviews the proposal. The deposit is $150 and she goes to accept and sign. It will give her the same payment option layout that we saw previously. And she can choose if she wants to do monthly payments and enable autopay or pay in any other way. Sign here and then next step. And that's how you set up a payment plan in Check Cherry.

3:50 If you have any questions, feel free to reach out to our support staff. We'll be glad to help