Payment collection and its tracking are key elements of any successful event. An online payment solution lets you manage the payments and tracking activities for events in a streamlined manner. However, before you decide to explore relevant products for an online collection solution for your events, you should better check out if your preferred payment platform promises you with the following benefits or not!

5 major benefits of using an online event payment solution are as follows:

· Instant fund transfers by letting the registrants pay through various online payment methods

· Create different levels of admission prices per event

· Create time responsive 'Early Bird' prices or limited special offer tickets

· Accept donations from the global audience, 24/7

· Easily track payments status of every event

You must choose an High risk merchant account event payment solution that is accessible, 24 hours and 365 days a year. Cloud-based collection platform is one such software that fits these requirements; you can easily access the payments portal as and when you host a meeting, business conference, product launch parties or holiday events throughout the year.

Such a solution should be PCI-compliant offering highest level of protection to fund transfers via a credit cards. Hence, people don't need to worry about fraudulent activities in case event organizers use a PCI-compliant event payment service. Besides, the solution should allow you to receive payments using a variety of online transfer methods including wire transfers, POs, PayPal, and similar leading payment gateways.

It should permit you to accept payments on an installment basis. The system will greatly be appreciated by those registrants who prefer to pay in small amounts rather than the full fees at one go.

With regard to tracking of the payment status per event, the system must automatically capture payment information of each individual registrant and store the same in its database for generating different financial reports in a timely manner. You should have access to check attendee payment data anytime you so desire on an event to event basis. Thus, you can use an online payment solution to track how many people have made their payments in full against those who have chosen the partial pay option.

Majority of Cloud-based, online event registration services come integrated with such an event payment solution. It lets you manage events registration plus payments at once without purchasing separate software to collect and track c