Comparing the Top Methods to Accept Payments as a Fitness Business Owner

Seven Software Options to Automate Your Financials, Accounting and Invoicing

There is no right or wrong way of accepting payments from clients. There is simply the method that works best for your needs and for your client’s preferences. To help with making your decision, we’ve reached done the research for you. Use the graph below as your resource to compare the pros and cons for each option in order to choose the ideal system for your business.

We know that any subscription fees, the ability to automatically invoice clients, and customizability within the app are all important features as you decide on payment softwares. Aside from the fully detailed graph above, we’ve laid out brief descriptions of each with links to each company.

PAYMENT ONLY SOFTWARES:

1.

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Braintree, a PayPal service

A seamless payment platform that is used among big business such as Uber, Dropbox, and Yelp. This flexible software is known to reach a larger audience by integrating with multiple currencies, global markets, and popular payment methods including PayPal, Venmo (in the US), cards, wallets, and more in a single integration.

Distinguishing Pro:

Ability to customize the user interface with your branding

2.

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PayPal

Used by over 19 million online stores today. It is extremely user-friendly, easy to use for personal and business services, has been made available for online + in person payments, and offers financing options. For businesses, specifically, it is a great tool to accept payment, track transactions, and fund your future.

Distinguishing Pro:

Virtual experience to receive payments over the phone and allows for instant deposits

3.

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Stripe

Designed for online payments for any internet business. Its headquarters are in San Francisco and currently services Lyft, Instacart, OpenTable, Slack, and more. Whether you’re looking to set up recurring invoices to clients, set up your own marketplace, or simply accept payments, this global, developer-centric platform is reliable and secure.

Distinguishing Pro:

Securely stores customer payment information for one-tap purchases on your app or website

4.

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Square

A popular Point of Sale system for every kind of business. It is a free app that accepts all major card in person or online, has the ability to schedule recurring invoices, free next day deposits, and offers various kinds of hardware for easy and quick transactions on the go.

Distinguishing Pro:

Free Card reader (iOS or Android) and upgraded hardware systems such as tablets, chip readers, and more are available.

ALL BUSINESS OPERATIONS SOFTWARES:

5.

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Mindbody

A business management software for the wellness service industry specifically. For members, this software allows for easy access to classes and appointments as well as send reminders to avoid any scheduling confusion. For businesses, it allows for branded mobile apps, built-in payments, and schedule breakouts.

Distinguishing Pro:

Specialized software for gym management with custom website integration, including an app and online booking system

6. Intuit Quickbooks

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Quickbooks

Quickbooks is a great accounting tool geared toward small + medium sized businesses to keep organized with transactions, payroll, reports, and more. An app is included as well for quick business reports and client payment tracking in real-time to track your customers and inventory quickly from anywhere. Quickbooks allows for simple tracking and easy tax reporting.

Distinguishing Pro:

Extensive money tracking, payroll, and tax reporting features

7. Plooto

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Plooto

Plooto is trusted by over 1,000 firms to simplify client payment processes and business operations. If you are paying vendors and or receiving payments from clients, Plooto can be integrated with an accounting software to auto-load upcoming bills and invoices for less data entry. This company also securely transfers money between banks while allowing for domestic and international payments.

Distinguishing Pro:

Can pay anyone, whether its domestic or international, client or vendor, individual or enterprise. Vendors don’t need to set-up an account or pay fees.