Payment Processing Improvement

We are pleased to announce an update to the payment schedule for those races that use our Advanced Payment (Weekly) options that will get more of your race proceeds to you sooner. We are moving the payment date to Tuesday from the current Monday schedule so we can forward more race proceeds to you including transactions that occurred all the way up through Monday 10:00 pm GMT (currently 6:00 pm EDT). This is an improvement of three collection days versus the current payment schedule.

Effective Tuesday September 15, 2015 we will begin initiating weekly payments for Advanced Payment accounts (both check and direct deposits) on Tuesdays instead of Mondays. The downside is that you will receive your payments one day later than you normally would. The upside is that the weekly payments will include 7 days of transactions beginning on the previous Tuesday at 10:00 pm GMT all the way up through Monday 10:00 pm GMT. By waiting one extra day for your payment you will receive three extra days of transactions with each payment including the weekend. Under the current payment schedule payments initiated on Mondays only included transactions through the previous Friday 10:00 pm GMT.

Following are the Current and New weekly payment schedules for weekly Advanced Payment processing. Please note that you will receive a payment representing 10 collection days in your first payment on the new schedule. The extra three days represent a “true up” between the Current and New payment schedules.

Payment Schedule

*There are no changes to Quickstart payment account schedules or daily payments under the Advanced Payment account schedules.

Author: RunSignUp

RunSignUp is the leading innovator of online tools for race registration, race day solutions, and running clubs. Services include RunSignUp for registration, RunSignUp Go for Race Day, RunSignUp RD Go for Timers, RunSignUp Clubs to enable membership management, and RaceJoy for mobile experiences. More than 10,000 race directors, timers, running club officers and running stores use these services today, including leading organizations like the Boilermaker Road Race, Crim Festival of Races, Pittsburgh Three Rivers Marathon, Inc., Fifth Third River Bank Run, Blacklight Run, Bubble Run, Night Nation, Mercedes Marathon, Kentucky Derby Festival, Leone Timing, KC Running Company, Compuscore Timing, Knoxville Track Club, Pikes Peak Road Runners, Gulf Coast Runners, Columbus Running Company, Playmakers Running Store and many more. In 2015, over 10,000 races used the system to register more than 2.7 million participants. In 2016 over 14,000 races will use the system to process over 4.3 million paid registrations. Services are free except for processing fees when conducting monetary transactions such as race registration or club membership renewal. RunSignUp is founded by runners for runners, using technical capabilities to bring the power of cloud computing to benefit the running community. For more information, visit www.RunSignUp.com.

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