# Payment processor

A term used when buying gym or fitness studio.

The vendor that drafts monthly dues and holds the record of who is actually paying.

The processor's records, not the front-desk count, are the truth about who is actually paying, so reconcile the claimed membership against real drafts before valuing anything. Ask about failed payments too, since a gym carrying a long tail of declined cards has fewer members than its own report says. Then price the [switching cost](https://searchspheresource.com/glossary/switching-costs): the platform holds the billing relationship, and moving it after closing is the kind of project that loses members.

Part of: Buying a Gym or Fitness Studio (https://searchspheresource.com/guides/buying-a-gym-or-fitness-studio)

Source: https://searchspheresource.com/guides/buying-a-gym-or-fitness-studio/terms/payment-processor
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt