Announcements
25 May 06
26 May 06
Originally posted by RussIs this for new subscriptions or for those already subscribed? What about those whose subscription will be due soon? Can I make the payment by checks on a yearly basis then?
Due to all the additional admin work involved (and some unhappiness at the bank), we will no longer will be accepting checks/cheques for less than 2 years subscription at once.
-Russ
26 May 06
Sorry, I don't wish to appear that we are ungrateful for any subscription contributions, but dealing with checks of different currencies (and of low value where people have sent monthly checks) and accounting for them is causing quite a bit of overhead. (And I am my banks least popular customer!)
So, if it is not an electronic payment of some kind, then sorry, it will need to be limited to 2 years at once.
-Russ
28 May 06
Originally posted by Dr StrangeloveI think what Russ means is that everyone can still pay in check/cheques provided they pay for two years subscriptions at one time because there will be less work involved. Furthermore, it will be benefits everyone because they don't have to worry so much about when their subs will be due. They can still pay monthly or yearly by credit card though.🙂
First site I've ever seen that refuses to accept money. 😲
29 May 06
Originally posted by RussI can forsee a drop in subscribers 🙁
Due to all the additional admin work involved (and some unhappiness at the bank), we will no longer will be accepting checks/cheques for less than 2 years subscription at once.
-Russ
If people are paying monthly it will no doubt means that this is the easiest way for them to budget. Getting asked to pay up front for 2 years will probably mean that many will be unable to budget and will stop their subscription.
With the volume of worldwide subs there are surely it would be simple enough to operate three bank accounts in £, € and $ within your bank?
If your bank is unhappy with the amount of "work" you are giving them, remember you are paying them substantial fees, then you should look at moving to a better bank.
A simple excel spreadsheet should enable you to keep track of payments received, and reduce admin.
Hopefully the volume of subs who do not renew will not materially affect the site.
29 May 06
Originally posted by adramforall90% (estimate) of users pay by credit card.
I can forsee a drop in subscribers 🙁
If people are paying monthly it will no doubt means that this is the easiest way for them to budget. Getting asked to pay up front for 2 years will probably mean that many will be unable to budget and will stop their subscription.
With the volume of worldwide subs there are surely it would be simple enough ...[text shortened]... dmin.
Hopefully the volume of subs who do not renew will not materially affect the site.
29 May 06
Originally posted by adramforallI don't think that it is the currency that is the problem.
With the volume of worldwide subs there are surely it would be simple enough to operate three bank accounts in £, € and $ within your bank?
Banks levy high charges for dealing with cheques - on a per cheque basis. This means that paying monthly by cheque will cost Russ and the site 12x more than paying annually by cheque.
By requesting that uses who pay by cheque do so for 2 years at a time will vastly reduce the overheads, and this can only be a good thing.
