Race Roster Calling with $Money

So the latest approach of Race Roster to RunSignup customers is to tell them that they will give them 2% back. The latest example was a race that does about $65K in transaction volume – so the race would get $1,300. What they forget to say is that the processing fees will go up – in this case by about $3,300.

So charge the participants an extra $3,300 over RunSignup, but pocket $1,300 of that.

There are three approaches to staying on RunSignup:

• First would be to hike the registration fee to Race Roster levels ($1.99 per participant plus 6.99%), and pocket the $3,300 rather than the $1,300.
• The second way would be to raise processing fee prices so that the participants only pay $1,300 extra and you still keep the $1,300.
• The third way is to just let the participants keep their money and keep the standard RunSignup processing fees.

Summary

So the good news is that you do not need to switch away from RunSignup! And the lesson is, remember to do the math…