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| Fast Pay |
Fast Pay is a service enhancement designed to eliminate the waiting period between the time money is collected and deposited.
Studios enrolled in Fast Pay will receive funds the same day as their collection day.
Instead of waiting the usual 10 day holding period before your deposit, your deposit will post to your account the same day funds are collected.
Monthly Collector is essentially advancing you the money before the funds actually clear through the banking process. With Fast Pay, Monthly Collector does the waiting for you!
Fast Pay is a premium service with fees associated with it. The fees are calculated as $7 for each $1000 in expected collected funds. For example, if your
studio is scheduled to collect $900 during the month, then Fast Pay would cost $7 that month. If your studio is scheduled to collect $1,500 during the month, then Fast Pay would cost $14 that month.
To see exactly how Fast Pay could work in your studio, be sure to use the Simulator and toggle the Fast Pay option located at the top.
Fast Pay fees are in addition to the standard collection fees. Certified Marketing Consultants who are successful in referring business to Monthly Collector
can enjoy Fast Pay as a free service.
To view the complete details and documentation about Fast Pay, visit the "Forms" tab.
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| Certified Marketing Consultant (CMC) Program |
Monthly Collector is a rapidly growing company. Its primary means of growth is through highly satisfied customers
sharing their Monthly Collector experience with others. As a token of appreciation to those who are willing to share their
Monthly Collector experience with others, Monthly Collector provides significant financial rewards for referral business.
Certified Marketing Consultants who are successful in introducing Monthly Collector to others receive significant financial
rewards from Monthly Collector. Certified Marketing Consultants must meet the following requirements:
Use Monthly Collector for 5 or more collections a month
Use Monthly Collector service for at least 6 months
Complete the Certified Marketing Consultant Training (held every May)
The CMC Program is a great way to earn additional income by making a conscious effort to share the benefits and satisfaction
you have experienced with Monthly Collector.
For more information about the CMC program please email your request to admin@monthlycollector.com
or call (208)538-0080
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Monthly Collector (noun): A payment management service for small, service-oriented businesses with recurring monthly payments. The service
collects and deposits monthly fees electronically and provides organized detailed records of each transaction.
Here is how customers of Monthly Collector are defining the service:
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Professional
"Monthly Collector has been a fabulous support to me as a piano instructor. It has brought my studio to a more professional level. My piano
families love this service as much as I do!" -Barb C.
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Easy
"Monthly Collector is a great way to take the burden off of teachers. I strongly recommend it if you want an easy, worry-free payment method." -Katie M.
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Reliable
"Monthly Collector is reliable, honest, and easy to manage." -Micki R.
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Helpful
"I have found Monthly Collector to be very helpful for my business. I used to spend hours each month sending out invoices and reminders and running to the bank.
Now it is collected and deposited automatically for me." -LeAnn W.
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Secure
"I would recommend using Monthly Collector because of the convenience and security that it provides for music professionals." -Claudia W.
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| How will Monthly Collector be defined in your studio? |
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