With the new Stripe integration, you can connect your Stripe account to your MagnaPass account to get paid directly within 48 hours rather than waiting until the end of the month!
Here’s how it works:
1) Head to your MagnaPass Dashboard by logging in and selecting it from the dropdown menu in the top-right corner.
2) Go to the ‘My Account’ section in the grey navigation bar and then select the ‘Payments’ tab.
3) Use the ‘Connect Stripe’ button and use your Stripe account login details (sometimes the ‘Sign In’ option is in small text in the top right of the screen).
What is Stripe and how much does it cost?
Stripe is the payment gateway used by MagnaPass that secures the transactions made by your customers. If you don’t already have a Stripe account, head to stripe.com/gb and sign up for free. MagnaPass will not charge any additional fees for connecting Stripe.
What are the benefits of connecting my Stripe account?
You will have the flexibility to be paid directly and then decide how frequently you’d like to withdraw money from your Stripe account to your bank account. Instead of waiting until the end of the month, you could pay yourself weekly for example. There are also a wide range of accounting, reporting and analysis tools within Stripe to help with tracking performance and revenue.
What if I need to issue refunds?
You can cancel bookings within your MagnaPass dashboard by heading to the ‘Bookings’ section in the grey navigation bar. There are upcoming bookings and previous bookings. By cancelling a bookings, a full refund will be automatically authorised. You will see this reflected in Stripe when you check your account. You are not charged any fees for refunds.
What if I haven’t integrated Stripe and/or don’t want to?
If you haven’t yet integrated Stripe into your MagnaPass account, when customers pay for your services, the money is sent via Stripe to MagnaPass. Then MagnaPass sends you your earnings at the end of each month.
If you haven’t signed up as a MagnaPass partner yet, you’re missing out! Find out why more and more fitness businesses of every size, from yoga teachers to pilates studios are choosing MagnaPass as their booking system – try MagnaPass for free, or upgrade to MagnaPass Pro for even more control. Start your 30-day free trial of MagnaPass Pro here.