Online Payments - Metropolitan Club HOA | Managed by Team Strategy Inc.

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Online Payments

Members Area > Payments
AUTOMATED INVOICING
For your convenience, Team Strategy Inc., in cooperation with the Metropolitan Club Homeowners Association Inc. Board of Directors, has implemented an Automated Invoicing System. With the Automatred Invoicing System, Unit Owners receive a quarterly Compiltation Statement and an  accompanying Invoice(s). Each Invoice, is assigned a dedicated algorithm that is assigned to a specific Unit Owners Address. Once entered into the system, each Unit Owner is simply required to provide an active E-mail address. Once instituted, a Unit Owner will a dedicated link assigned to each specific Unit.


Step 1): Request an Automated Invoice.
Step 2): Upon receipt of the Invoice(s), select one of the Payment Options (Credit/Debit Card or Bank Account Transfer). Note: Individual Unit Owners may choose to make their payment without creating an Online account. If you choose to create an Online account, you may access these records 24/7 to review any payments, print-out invoices, etc.
Step 3): Make your payment.
Step 4): Upon making your payment, you will receive a computer generated E-mail Statement. This statement will contain your name, your address information, the date and time of payment, as well as a Batch Id number and a unique Transaction Id. Because this system does not allow for duplication of invoices, the odds of having your payment misapplied is greatly diminished. Each of the transactions are encrypted with 128-bit encryption.

NOTE: Payments are posted with the exact date/time that they are received. Once the funds clear our financial institution (usually 2-3 days) it will post to your individual Unit Owner account. By using this Automated Invoicing System, overhead costs are reduced, human error is diminished, and funds are received and posted in a more timely manner. Thereby, reducing overall printing costs, postage, imposition of fines and penalties, and legal/collection costs.



ONLINE PAYMENTS/INVOICING
Attention Homeowners:

The United States Federal Government has instituted an ONLINE PAYMENTS POLICY requiring major ONLINE PAYMENT Clearing Houses to issue a 1099-K to any financial transactions in excess of $600.00. However, Assessment Payments are NOT INCOME and therefore should be EXEMPT from this practice. To date, PAY PAL has not issued a CLARIFICATION as to this practice. In addition, PAY PAL requires that the funds paid by the PAYOR be reduced via their service fees and charges. For example, a payment of $50.00 for the QUARTERLY ASSESSMENTS is reduced by their TRANSACTION FEES. Thus, the $50.00 paid by the property owner(s) isn't really a $50.00 payment and subject to LATE FEES and INTEREST PENALTIES.

To that degree, property owners desiring to make an ONLINE PAYMENT may do so by following the instructions outlined above. Upon requesting an INVOICE via EMAIL, an encrypted invoice will be returned to you. On EACH INVOICE is  LINK stating that YOU MAY PAY ONLINE. The owner has one of two options: 1) Setup an ONLINE ACCOUNT, or 2) PAY AS A GUEST. Upon payment, the HOMEOWNER will receive an AUTOMATED RECEIPT for their records.

All ASSESSMENT PAYMENTS for each quarter are credited for the FULL AMOUNT of the INVOICE. Separate  invoices for LATE FEES and INTEREST PENALTIES are treated separately. All FEES and COSTS for the QUARTERLY ASSESSMENTS are CHARGED TO and PAID FOR by the ASSOCIATION as a convenience to the PROPERTY OWNER(S). No further charges and/or fees will appear on your the statements from your financial institution.


Metropolitan Club Homeowners Inc
PO Box 26330
Colorado Springs CO  80936-6330

Falcon Colorado

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