TECHNOLOGY
Membership Finance
BRS Golf has partnered with V12 Retail Finance to help make golf club membership more accessible than ever. Significantly improve your cashflow from subscriptions as funds will be remitted within 48 hours of the golfer’s successful loan application. And, because the agreement is between V12 and the golfer, clubs won’t suffer clawbacks if a member defaults.
Why Choose Membership Finance?
Retain members
Membership Finance offers a flexible, affordable way for your members to pay their membership fees
Improve cash flow
Get paid up front and in full with no clawbacks for the club should a member default on their loan
Grow the game
Make golf club membership more accessible for new members, families and young people
Fully-integrated
Golfers apply for finance directly through the BRS Golf member booking website or app
Reduce admin
With Membership Finance there's absolutely no administration required for golf club staff
Trusted partner
With 20+ years’ experience and over 1,000 retail clients, V12’s expertise means your members are in safe hands
Success Story
David Beal
General Manager | Mill Hill Golf Club
“I am very happy with the BRS Golf and V12 Membership Finance offering. From an admin point of view it is very simple and I have had the same feedback from our members who have used it on the consumer end. Of course the icing on the cake is the upfront payment without a recall of funds in the event of a default, which although a rare occurrence, can be time consuming to deal with.”
Request a demo
Speak to our sales team today
FAQs
Who are V12 Retail Finance?
V12 Retail Finance are one of the largest
suppliers of online finance through
retailers in the UK* thanks to their
intelligent technology and excellent
customer service**. With over 20 years’
experience in retail finance and over
1,000 retailers, V12’s expertise mean that your members are always in safe hands.
*Based on four continuous quarter’s statistics, January 2019 to January 2020, data from the Finance and Leasing Association.
**Excellent Trustpilot rating June 2020.
What do I need to get started?
Simply fill out the form within the BRS Golf admin system. V12 need to know: (1) Golf Club company name and contact details; (2) Name of who will be filing out the forms on behalf of the Golf Club (3) Who is authorised to sign on behalf of the Golf Club The authorised person, needs to be a statutory director of the Golf Club, or a person who has authority over the golf club’s bank account.
Do I have to be FCA regulated?
No. However, it is recommended that you do apply for your own licence with the FCA. Under the agreement with V12, you can become an IAR (Introducer Appointed Representative). As an IAR you will need to comply with V12’s minimum standard requirements and adhere to some controlled behaviours. You can find out more information at www.handbook.fca.org.uk.
How can the club reconcile member payments made via V12 loans?
You will be provided with a unique login to an administration portal on the V12 Platform. This will have a detailed breakdown on a daily basis of which members have successfully applied for a loan, the amount of that loan and when this was sent to your bank account
