What Is Country Club Billing?
Country club billing was once as soon as a former billing system used by credit card corporations until the Nineteen Seventies that involved along side copies of original product sales drafts to cardholders in their per month statements. This was once as soon as accomplished to provide proof of each gain that was once as soon as recorded on the card. Rising paper, mailing, and tough paintings costs put an end to this style of billing.
Key Takeaways
- Country club billing refers to an old-school accounting way, using paper billing statements.
- This present day’s billing statements are itemized and virtual.
Understanding Country Club Billing
The time frame “country club” could have originated from the fact that simplest well-to-do other folks carried credit cards. Every other idea was once as soon as that country golfing apparatus have a billing method of recording all product sales transactions (foods, drink, personal services and products), protective them in a file for an individual member, and then presenting the bill at the end of a month. Irrespective of the derivation of the time frame, this system of billing has long since been discontinued. The credit card billing system we are aware of these days itemizes purchases with transaction dates, vendors, and amounts.
In opposition to a Paperless Society
Environmentalists hated country club billing (moreover country golfing apparatus, for that subject) because of all of the paper involved. As credit card corporations moved from mailing copies of product sales drafts to record transactions on one or two pieces of paper, they decreased usage of paper and in so doing eliminated a portion of running expenses. The craze against virtual storage of credit card transactions that cardholders can get entry to online will continue to further scale back down on paper waste. If a cardholder has a question or issue with a particular transaction, they only need to make a choice up the phone, send an electronic mail, or engage in a live chat to type it out. There may be all the time a paper trail on the other hand without the paper.
