How to create Payment Plan Interval and Commitment Period in PGM?

Introduction

Payment interval describes how often a member will be charged with a Membership fee within a given Payment Plan. Commitment period is the total period of time the Contract has been signed for. In example, the Membership Fee is 50 EUR and you want to charge your member monthly for a 12-month Contract. In this case, your Payment Interval should be set to 1 month. It means that the system will charge your member with 50 EUR Membership Fee, each month, for one year. 

There are four predefined Payment Intervals available in the system:

• 1 month
• 3 months
• 1 year
• 2 years

This process is also used in PGM->Finances->Auto Bookings Generation

• This article demonstrates, how to set up Payment Intervals other than the above. 
• This article will be helpful to PG Champion, Club Manager and Club Owner. 

Before you start

• If you would like to set up a predefined Payment Interval, learn how to set up various types of Payment Plans in practice. 
• Learn how Payment Plans work. 

Instruction

How to create Payment Interval other than predefined in the system?

1. Go to the PGM -> Settings -> Payment Plans Intervals 

2. Here, you can find the list of all predefined Payment Intervals.

3. To add a new interval, click on the Add button in the right-upper corner.

4. Fill in the data in the Adding Time Period window:

• Name - create the name of the interval, which will be visible on a Payment Plan.
• Interval - select Months or Days depending on your preference.
• Count - this number defines how long the interval will last.

4. Click Save.

From now on, this interval will be available as an option on a Payment Plan in both sections Payment plan interval and Commitment period.

Hints

Listed below is a guideline on the most common settings for payment plan intervals.