Do you have multiple family members under different memberships that pay using the same exact payment method?
Whether it be the same credit card or the same bank account, you will be able to consolidate both of their membership/tuition payments under one invoice making it easier and more cost effective when it comes to charging a member.
Instead of having to pay multiple transaction fees from your merchant every time you collect a tuition payment, by consolidating your member's tuition payments together, all the tuition payments will be charged under one invoice.
Meaning you only have to pay a transaction fee once instead of having to pay multiple times for each family member that will be charged, which will allow you to save money on transaction fees.
Invoice consolidation is a feature that streamlines payment processes by grouping multiple charges into single transaction when the same payment method is used across memberships. This ensures fewer complexities in managing multiple accounts and reduces confusion of handling several entries on bank statement.
Enabling invoice consolidation, groups multiple charges into a single transaction. Reducing the complexity of individual payments and transaction management.
Disabling it, means charges are processed separately, leading to multiple entries on bank statement.
Please follow the steps below to turn the invoice consolidation option on/off in your account:
Left Side Menu Bar > Settings > under Membership section > General
Scroll down at the very bottom, under Invoice Consolidation page, you'll find:
Consolidate Invoices - When enabled, it ensures that all charges sharing the same payment method and billing date are combined into a single transaction, making payment handling more efficient. If disabled, these charges will be processed as separate transactions, potentially causing multiple fees and extra entries in transaction records.
Allow Multiple Late Charges - When enabled, it allow multiple late fees to be charged for multiple students.
After enabling/disabling those options, click "Save".
Note: You will need to use the same exact payment method under each membership you want the payments to be consolidated together. Meaning once you connect the contact's profiles together, you will need to use the same exact card or bank account on file they both share in common under each of their memberships.
For example, with invoice consolidation enabled, a family of four sharing the same billing date and payment method would see one consolidated charge for the total amount. Without it, there would be four individual charges, complicating transaction tracking and potentially incurring additional fees.