Is Mindbody a payment processor?
Yes, Mindbody is a payment processor through its Mindbody Payments system, which is powered by Stripe.
This Mindbody Stripe integration allows fitness and wellness businesses to accept payments for memberships, class bookings, retail purchases, and more. Similarly, Exercise.com also functions as a payment processor through its integration with Stripe, providing a seamless, secure, and customizable payment solution for fitness businesses. See why Exercise.com is the best gym payment processing software platform around.
| Feature | Mindbody Payments | Exercise.com Payments | Notes |
|---|---|---|---|
| Payment Integration | Powered by Stripe | Powered by Stripe | Both platforms offer secure, reliable payments |
| Transaction Fees | 2.75%ā3.5%+ per transaction | Transparent, customizable fees | Exercise.com provides more flexibility |
| Recurring Billing | Yes | Yes | Both support subscriptions and packages |
| Customization | Customizable payment workflows | Customizable payment workflows | Tailored specifically for fitness businesses |
| Industry-Specific Features | Primarily boutique fitness and wellness | Comprehensive tools for gyms, yoga, martial arts, and personal training | Exercise.com supports the fitness industry specifically |
Mindbody Payments provides solid payment processing features, but its higher fees and limited customization may not suit every fitness business. For a more affordable, flexible, and all-in-one solution, Exercise.com is the best gym management software for managing payments and growing your business.
Schedule a demo today to see how Exercise.com can enhance your payment processing and business operations!
How Mindbody Payments Works
Mindbody Payment Processing Features
Mindbody Payments enables businesses to accept and process various types of transactions, including:
- Credit Card Payments: Supports major card types for memberships, classes, and retail purchases.
- ACH Payments: Allows direct bank transactions for recurring billing or larger purchases.
- Recurring Billing: Automates subscription payments for memberships and packages.
These features simplify revenue collection but may lack customization options for businesses with unique workflows.
Mindbody Transaction Fees and Costs
Mindbody Payments charges transaction fees ranging from 2.75% to 3.5% per transaction, depending on the pricing plan and payment method. While this is competitive, businesses with high transaction volumes may find these costs add up significantly over time.
The best gym management software powered by Stripe offers customizable pricing options, allowing businesses to reduce fees and optimize profitability.
Read More:
- Best Mindbody Alternative
- Best Mindbody Alternatives for Fitness
- How to Use Mindbody
- Mindbody Pricing
- How to Cancel Mindbody
How Exercise.com Payments Stands Out
Exercise.com also provides a payment processing system powered by Stripe, delivering similar functionality to Mindbody Payments but with added flexibility and customization. Hereās why itās the best Mindbody alternative for fitness:
Fully Integrated Payment Solutions
Exercise.com Payments offers seamless payment processing directly within the platform, allowing businesses to manage transactions, billing, and memberships without relying on external systems.
- Flexible Payment Options: Accept credit cards, ACH, and other methods with ease.
- Customizable Billing Cycles: Create recurring payment plans that fit your business model.
- Streamlined Revenue Management: Track transactions, generate reports, and monitor revenue trends all in one place.
Transparent and Scalable Pricing
Unlike Mindbody Payments, Exercise.com provides transparent pricing with no hidden fees, making it a more cost-effective solution for fitness businesses.
- Competitive transaction fees that scale with your business.
- Customizable pricing structures to align with your budget and goals.
Industry-Specific Features
Exercise.com supports a wide range of fitness businesses, including gyms, yoga studios, martial arts schools, and personal training operations. Its tools are designed to meet the specific needs of each industry.
- Branded payment portals for a seamless customer experience.
- Tools to support advanced workflows, like class packs and session bundles.
- Analytics to track financial performance and identify growth opportunities.
Why Choose Exercise.com Over Mindbody Payments?
While both Mindbody Payments and Exercise.com Payments are powered by Stripe, Exercise.com offers several key advantages:
- Customization: Tailor payment workflows to your unique business needs.
- Lower Costs: Transparent, scalable pricing that helps maximize profitability.
- Comprehensive Tools: Manage payments, scheduling, client engagement, and moreāall in one platform.
- Fitness Industry Support: Designed specifically to serve gyms, yoga studios, martial arts schools, and other fitness business.
