Media Release: Openpay and Stack Sports partner to bring buy-now-pay-later to sport clubs
Openpay and Stack Sports partner to bring buy-now-pay-later to sport clubs
Australia 12th November 2020: In a first for Australian sport and in response to growing customer demand, Australia’s largest sport club management system Stack Sports has partnered with Australian buy-now-pay- later (BNPL) provider Openpay (ASX:OPY). This partnership, set for an initial 3-year period, will give the members of all sport clubs using the Stack Sports platform the ability to pay for membership and registration fees in interest-free instalments.
Many sport clubs charge upfront yearly fees and therefore miss out on customers that would prefer to spread the cost over monthly payments. However, for most sport clubs the administrative burden of chasing monthly payments and the financial uncertainty that brings simply isn’t an option.
By using BNPL through the Stack Sports management system these clubs will be able to offer longer and more flexible payment terms without compromising their cashflow as the risk will be taken on by Openpay for the cost of a small merchant fee. This ensures clubs access revenue upfront to cover running costs and improve their services, while making paying for these services more accessible to a wider range of customers.
Dion Appel, Chief Commercial Officer at Openpay said; “Openpay’s growth strategy into sports membership has been further cemented with the proud signing of a fully integrated partnership with Stack Sports in Australia, New Zealand and the UK. Overwhelming feedback from sporting clubs tells us that members are seeking the ability to pay their fees over time. Equally, the benefit to the clubs is welcomed, including improved cashflow plus the removal of the administrative burden involved managing membership collections. A win-win for all that keeps clubs focused on doing what they do best.”
Andy Graham, General Manager APAC/EMEA at Stack Sports said; "Our new partnership with Openpay is an exciting step for our GameDay suite of products. GameDay delivers the most robust, open and flexible platform for any sport, and adding Openpay’s elegant ‘buy now pay smarter’ solution is another first. We chose Openpay because they shared our philosophy of looking after the consumer while helping sports to prosper and grow, and like us, they understood that people have come to expect the most affordable, flexible and easy to use payment options. For our customers in Australia and the United Kingdom (and other countries coming soon) this means they can, if they wish, now choose the advantages of Openpay’s flexible payments for their GameDay memberships, subscriptions, event entry and sports merchandise. It's just another way in which GameDay and our partners like Openpay are leading the way in the return to sport."
About Stack Sports
Stack Sports have been providing next generation sports management technology solutions in the Australian market since 2001 and have extended their key markets to include the United Kingdom, Europe and New Zealand. Stack Sports provides a range of solutions including membership management, competition and tournament management, event/ticketing platforms and various digital websites, e- commerce, and online auction fundraising solutions. Stack works with a wide variety of organisations including grassroots sporting clubs/associations, professional clubs/teams, national governing bodies, event providers along with charities and foundations. More information on Stack's customers and the GameDay product suite can be found via visiting www.mygameday.app
Key Contact Details - Media Enquiries
Director of Sales & Marketing - APAC/EMEA
+61 475 415 801
Openpay (ASX:OPY) is the interest-free Buy Now Pay Later provider that offers consumers a smarter way to manage their cashflow, with longer and more flexible payment terms - and no interest or hidden fees. Openpay partners with over 2000 merchants to help people pay for what they want when they need it, whether that’s getting their car serviced, renovating their home, buying their kids’ school shoes, treating a much loved pet or visiting the osteopath. Openpay operates in Australia, New Zealand and the UK and has over 150 employees across its Melbourne and London offices.
Head of New Markets at Openpay
+61 407 004 470
Director of Growth in Sales
+44 7515 333 466
Account Director at Keep Left
+61 484 002 021