Running a gym is a recurring-revenue business with recurring expenses—and merchant account fees are one of the most misunderstood costs on the profit-and-loss statement. You may see a “processing rate” advertised online, but your real expense is the total of dozens of moving pieces: card brand charges, bank charges, processor...
Understanding Credit Card Fees in the Fitness Industry
Credit card fees in the fitness industry quietly eat away at profit margins for gyms, studios, and trainers. Every time a member pays a monthly membership, buys a class pack, or pays a drop-in fee, your business pays a percentage plus a small fixed fee. For many fitness businesses in...