New Investment Options

[Kmcalpin]

3 hours ago, StirlingDosser said:

  Whilst by no means a bad thing, I am not really sure it is an overly significant milestone to be honest.

 

Aye, I'm of the same view.

Don't get me wrong, I think its progress and a good thing and well done to those developing it, but I don't fully understand all of the benefits. Nowadays 99 people out of a hundred use their phones for directly for financial transactions, but the very odd fan won't. Will these benefits be available to paleolithic PC/Mac users?  

[joewarkfanclub]

46 minutes ago, Kmcalpin said:

Aye, I'm of the same view.

Don't get me wrong, I think its progress and a good thing and well done to those developing it, but I don't fully understand all of the benefits. Nowadays 99 people out of a hundred use their phones for directly for financial transactions, but the very odd fan won't. Will these benefits be available to paleolithic PC/Mac users?  

For me the major benefit is that it shuts up all the naysayers who kept moaning about lack of follow through by the WS Board on strategic partners. First ones in the bag less than 4 months after Barmack got chased. Hopefully more to follow.....

[StAndrew7]

7 minutes ago, joewarkfanclub said:

For me the major benefit is that it shuts up all the naysayers who kept moaning about lack of follow through by the WS Board on strategic partners. First ones in the bag less than 4 months after Barmack got chased. Hopefully more to follow.....

Aye, it's definitely a step in the right direction but I agree with others that it does feel like a relatively minor one. It is, like I say, moving things forward and demonstrating the model can/will work. There's undoubtedly more negotiations taking place in the background as well.

The app sounds like it will provide a lot of answers to questions people had about how they can manage their contributions, see what they've paid in etc.

@Kmcalpin I accept it won't be for everyone but it will cover off a significant portion of contributing members. I would imagine once it's in place, there'll be a relatively straightforward plug and play into the back end of the Well Society website to replicate its capabilities for those who don't use their phones/are desktop based.

[David]

5 hours ago, StirlingDosser said:

  Whilst by no means a bad thing, I am not really sure it is an overly significant milestone to be honest.

The first partnership announcement is always a significant milestone. 

2 hours ago, Kmcalpin said:

Aye, I'm of the same view.

Don't get me wrong, I think its progress and a good thing and well done to those developing it, but I don't fully understand all of the benefits. Nowadays 99 people out of a hundred use their phones for directly for financial transactions, but the very odd fan won't. Will these benefits be available to paleolithic PC/Mac users?  

There are definitely a couple of significant benefits, to be honest.

The ability to adjust your monthly donation directly through the app will be a major advantage. Currently, it seems you have to either call or email to make such changes, and let’s be frank, how many people have thought about increasing their contribution but have hesitated because of that hassle? Once users can modify their donations within a minute on their phones, it will streamline the process considerably and likely result in an increase in funds for the Society.

The advertising opportunities are substantial. The prospect of approaching local or national businesses to offer advertising space within the app could help generate additional revenue. Companies prefer to allocate their advertising budgets towards targeted markets, ensuring their message reaches an audience that is more aligned with their products or services.

All in all, it's a real win and a great jumping off point for the Society.

[santheman]

I've been paying into the WS from the start and have increased my contributions a couple of times but tbh I don't have a clue about how much I've actually paid in through the years.

This new app will at least tell me that and might even encourage me to increase my contributions again so from that point of view alone its a great step in the right direction despite what all the WS naysayers are bitching about on social media 

Hopefully the next announcement will be some inward investment.