Fast-Finance Link Configuration in Magicline – Magicline GmbH

In this article, we will guide you through the use cases and configuration of the Fast - Finance Link

Use cases
Prerequisites
Configuration Path
Section: Fast-Finance Link
Payment Method Update Settings
Section: Communication
Member Account Features
Invoices

Save time and boost your cash flow with Magicline's Fast-Finance link

As a gym owner, you're all too familiar with the hassle of sending payment reminders, waiting for transfers, and updating payment methods. It's not just time-consuming and stressful, but also impacts your cash flow negatively. With our new feature, the Fast-Finance Link, we offer you an efficient solution.

This innovative tool allows your members to easily and quickly settle their outstanding balances using popular payment methods like credit cards or PayPal. Even better: If necessary, they can effortlessly add a new payment method, such as a SEPA mandate. Integrating the Fast-Finance Link into your communication templates is straightforward, thanks to our new placeholder functionality. Additionally, an automatic notification rule keeps your members informed when a payment method needs to be updated.

And for all users of Finion Pay: You now can create payment links directly in the member account for individual claims or outstanding invoices. Use the Fast-Finance Link to simplify the payment process and effectively improve your cash flow.

Prerequisites

MySports must be active. Here is how to activate MySports
For payment-related functions, Finion Pay must be active. Here is how to activate Finion Pay
Permissions setting: Settings / Resources / Roles / Create, regenerate and deactivate the Fast-Finance Link in the Member Account

Configuration Path

Navigate to: MySports / Self-Service / <configuration name> / Fast-Finance Link

Section: Fast-Finance Link

This section allows you to decide if the link is active and specifies which use-cases it supports. The gym can configure the following:

Active Steps and Order Options:

Payment of Open Debts → Payment Method Update: The member must first clear all open debts upon opening the link. Subsequently, they are prompted to update their payment method. (recommended)
Payment of Open Debts Only: The link solely facilitates the payment of open debts.
Payment Method Update → Payment of Open Debts: Initially, the member must provide a new payment method. Following this, they can settle any outstanding debts.
Payment Method Update Only: This option restricts the link to only updating the payment method in the member's account.
Deactivated: The link offers no functionality when opened.

Payment Method Update Settings

Selection of Available Payment Methods:

Gyms can select the payment methods members can use in the payment update flow. Options include cash, bank transfer, direct debit, or credit card. Direct debit and credit card selections require members to provide payment details.

Reset Entrance Restrictions:

If a member successfully completes the flow and has entrance restrictions, these can be automatically removed. This enables the gym to charge the member in the next payment cycle, potentially allowing them to continue training.

Dunning Level Condition:

Entrance restrictions are removed only if the member's dunning level meets the gym-configured conditions.

Section: Communication

Configuration options for communications related to the Fast-Finance Link include:

Template for Manual Send out in Member Account:

Gyms can send an email template containing the Fast-Finance Link directly from the member's account. When creating an email template you can choose the provided template Invalid payment method (with Fast-Finance Link)

Notification Rule:

Activation of the Contract Payment Instrument Was Invalidated notification rule is possible. This is triggered by events like chargebacks, necessitating new payment methods and settlement of open debts. To activate the event triggered rule for this case, go to:

Communication --> Notification rules --> choose the Active setting and add the rule for the event by clicking Add notification rule on the right upper corner.

Placeholders in templates

Placeholders #FastFinanceLink and #FastFinanceQrCode can be included in communications without needing additional information.

To avoid a long plain URL within your message to the customer, you can cover the link with a text using the placeholder as a hyperlink:

Member Account Features

Overview:

In the payment method section, the gym can use the context menu on the payment method tile to select the Fast-Finance Link. This allows them to view configurations, send out a template email, copy the link or QR code, deactivate or regenerate the link for a specific member, and access the settings directly if permitted.

New Account Function: Create Payment Link

This function allows the creation of a link exclusively for paying open debts. The user can choose to offer all open claims or select specific debts. This feature is visible only if the following conditions are met: