Does anyone know how to setup auto-renewing memberships to hit the revenue of the memberships funds each fiscal year? I am able to setup a pledge for 10 years but the membership amount for those 10 years would be associated with the year I entered the pledge and not for the next 10 fiscal years.
We did quite a bit of research at Shedd and it seems to be a lot more work to set it up than to just have a report run and emailed to you on the day you choose to auto-renew. Yes, more manual work to charge the card but we found it much better as most cards aren't valid a year out anyway and found the set-up to be painful.
hope this helps.
janet from Shedd
Thanks Janet!
Same at FTC; Took me about 6 months stuck on the "auto" part of auto-renewal not realizing that the record-keeping we have to have per state laws was easier done manually anyway.
I would highly suggest looking into your local laws and regulations surrounding automatic payments/renewal services as well if you plan on doing this. It can be very disruptive to find you're not following the rules too late.