What is Stripe?
Millions of businesses use Stripe to accept payments, send payouts, and manage their businesses online. Stripe is FITR's chosen financial partner.
How does it work with FITR?
Once connected, FITR will automatically 'talk' to Stripe so that you have total peace of mind that you're being paid for your services.
FITR and Stripe will automatically manage any missed payments and restrictions of program access if required. No more manually chasing clients for payments!
Receive automated bank payouts to your chosen bank, as frequently as you'd like.
Why should I use it?
Time is money
Automating your finances with FITR gives total peace of mind that you'r being paid what you should be without any manual admin efforts, including automatically chasing late payments.
Free up your time to take on more clients and growth your business!
Save money! E.g. if you charge an hour of your time at £100 and you save only 15 minutes from this integration, you've effectively saved £25!!
Efficient accounting
Automatically prepared accounts
Detailed financial reports at your fingertips
Invoices, receipts, refunds, disputes
Full access to Stripe's own reporting dashboard and integrations (e.g. tax) if you need it. Perfect for account reporting purposes.
Analytics
instant detailed financial information on your business
sales, top customers, MRR, average spend, customer conversion, retention rates and more
Automated access
As soon as a client pays FITR will deliver training to the,.
If a client misses a payment the system will automatically retry several times before stopping access as appropriate.
International Client Payments
Accept payments in over 135 currencies.
Where supported FITR (using the power of Stripe) will show your program pricing for clients in their local currency.
Supports all major credit and debit cards.
Apple/Google Pay and PayPal coming very soon!
How hard is it to do?
Super easy, it takes 5-10 minutes with no coding required.
How much is it?
It's 100% free until you sell something.
Transaction fees are applied when you sell one of your programs. We handle all payments within our platform when you connect your Stripe account. When you sell a program, a 5% fixed transaction fee will be deducted from your total sale. Stripe will also charge you fees that vary from country to country, which you can learn more about by visiting Stripe - https://stripe.com/pricing.
Connecting to Stripe on FITR:
On FITR, simply head to 'Settings' and then the 'Payouts' tab and click connect to Stripe. You'll be directed to Stripe and then back to FITR to complete the process.
Please take note of the warning once you're connected. Please make any price changes, coupons, etc, changes within the FITR platform, rather than in Stripe itself to ensure the connection with FITR works as intended.
Automatic Tax Collection on Stripe:
Automatic tax collection is available to coaches using FITR's integrated payments with Stripe.
Stripe Tax will calculate, collect, and report tax on your clients' payments, automatically collect the right amount of tax for your business and access the invoices and reports you need to file returns.
Please follow the below simple steps on the 'Stripe Dashboard' and 'Set up documentation' sections of your connected Stripe account (hyperlinks attached):
Streamlined, efficient, precise workflow to free more of your time and energy on coaching your clients.
If you have any problems, please get in touch via live chat.
Thanks
The FITR Team