Health Clubs or training studios that have just opened their doors will require an efficient system of receiving payments. Instead of having a landscape system, it is much easier if your accounts are taken care of through a payment gateway online. Additionally, payment gateways configured with a gym management system has many advantages. This post will focus on one payment gateway, PayPal. PayPal specifically is set up to where a new health clubs and personal trainers can easily acquire a merchant account in a shorter amount of time than most other payment gateway options.
First, it is better to know everything you can about any software before you incorporate it into your business. PayPal is a payment gateway that connects your company to its bank, and allows customers to pay through their accounts. This type of transaction is completed comparatively fast. You can also decide to incorporate a gym management system that has the ability to process payments on your behalf and integrate all the payment information into a tracking system which visually reports to you on your business financials.
2. Convenient to Commit!
Many customers find it inconvenient today to move around their busy schedules to fit in time to go to a physical location and pay for a membership. Sometimes gyms are not staffed 24/7 when a customer wants to sign up for a membership. Giving this category of customer the option to sign up for a gym membership online opens a whole new market segment. Having another portal via your club’s website where potential customers can commit to a membership from either the workplace or from home is ideal for both the customer and your business.
3. On-the-go payment **
An online payment platform such as PayPal lets your customer make his or her payments through a mobile phone or computer from office or from home, depending on what is more comfortable. This gives them a better buying experience rather than having to carry around the exact amount of cash or writing out a check and finding out whose name it should be in and any other such formality.
4. Instantaneous Approval $$
Your business can be rest assured that your customer has the funds before servicing them. Don’t risk your time and hard-work waiting to see if a check clears. A physical means of payment may take a few days to process before which your customer would have already started on their routines in the gym. Payment through PayPal is fast, so it will provide the customer instant access after the purchase and you peace of mind.
5. Low Cost and Easy Maintenance ^
Buying a PayPal account to handle payments for your gym memberships is a good idea when you are just in the process of setting up your outlet. If you are new, it means that your main financial capital is on hold because of the constrictions provided by fixed and overhead costs of other kinds. PayPal is cost efficient.
6. Popularity of PayPal Today #
PayPal is safe to use and widely used all over the world. Its popularity gives people the confidence to make transactions through PayPal. This popularity may be a downside in some cases if some potential clients do not have credit cards, or are not comfortable using PayPal. So, a secondary option of allowing payment through physical means is a necessity.
Overall, opening a merchant account is advisable, especially for small businesses and gyms as it simplifies the payment process for the gym owner as well as for most of the business’ members at a minimal cost.