Chargebacks can be a major headache for businesses, leading to lost revenue and customer disputes. When a chargeback occurs, it means that a customer is challenging a transaction, often for reasons like fraud or dissatisfaction. However, businesses have the opportunity to fight these chargebacks by submitting a chargeback rebuttal letter....
How to Use Payment Data to Predict Gym Member Retention
The fitness industry is highly competitive and to remain in merit it is quite important to retain members of the gym. Retaining existing customers is comparatively easier and cost-effective than approaching new customers as at times of seasonal fluctuations holding old customers is a good strategy for constant growth. Additionally,...
Seasonal Strategies for Charging of Fitness Business: New Year’s Resolutions and Summer Rush
The most evident seasonal fluctuations in the fitness industry concern the signups, and indeed the significant ones are noticed at the New Year's resolution time and at the beginning of summer. These periods give the fitness business the opportunity to create specific strategies for charging that can attract new members...
How to Optimize Recurring Payment Systems for Gyms and Fitness Studios
A working mechanism for recurring payment will make billing smooth, but what it ultimately does is ensure an improved experience for customers as they go by choices like flexibility, automation, and security. Some of the problems gyms and other fitness businesses face in their billing process, which may be poorly...