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Membership Information
Feature |
Silver |
Gold |
Platinum |
Executive Platinum |
Annual FastPay sales |
$25,000 |
$25,000-50,000 |
$50,000-75,000 |
>$75,000 |
Membership Benefits
- Increase sales - Vendors had between $12,000 – 32,000 (average amount was $22,000) in additional in sales from pre-paid and voucher sales. With a much more extensive rollout across all of UCSF, vendor should expect significant sales increases. If vendors to not participate, they will lose access to pre-paid and voucher sales through the program.
- Higher check averages with the cashless program - Check averages ranged between $4.69 and $7.18 with an average amount of $5.68. These amounts are very good for the industry.
- Low cost of participation – Based on $22,000 in sales, vendors would pay $46 each month ($550 per year) in fees to participate with a 2.5% fee rate.
- Free marketing and advertising for participating in the FastPay program - Vendors will be listed on FastPay marketing materials, the CLS vendor guide, point-of-sale materials, and much more to promote the program.
- Real-time report access - Now they will be able to access reports online at any time of the day from anywhere about their pre-paid and voucher sales.
- Faster reconciliation of pre-paid funds - Pre-paid sales will be deposited into their account daily. Voucher sales will still be processed monthly at this time.
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