Interest Settings

MemberTies Professional will automatically post interest to past-due accounts for any interest setting that has been defined. Interest settings and Scheduled Payments are features that expand the standard Statuses. In the professional version, the Edit Status window contains three tabs, one for the standard status information, one for interest settings, and one for scheduled dues charges.

The screen-shot above shows the second tab of the Edit Status window. Here, a 9% APR interest setting being created. Any interest due will be posted monthly on the 1st of the month, with a minimum charge of $2.50.