This Remittance Policy sets out the various payments to be remitted in connection with the GymFly platform. This Remittance Policy is incorporated into the Terms of Service of GymFly Fitness, Inc. ("GymFly"), as if set forth fully therein, which must be reviewed and accepted by you. All terms not defined herein shall have the meaning ascribed to them in GymFly’s Terms of Service.
GymFly will remit to each Fitness Center, all amounts actually received from Clients in consideration of the Services provided to Clients by such Fitness Center, less any Facilitation Fees (as defined below) owed to GymFly in connection with such Services (such resulting sum, the "Remittance Payment").
The "Facilitation Fees" shall equal the sum of (a) $1 for each transaction made by Clients through the GymFly platform in connection with the Services provided to Clients by such Fitness Center and (b) 20% of all amounts actually received from Clients in consideration of the Services provided to Clients by such Fitness Center.
The Remittance Payment shall be mailed by check to each Fitness Center by GymFly on the 15th day of each calendar month (or, if such day is not a business day, on the next business day) for all of the applicable Services provided by such Fitness Center in the preceding calendar month.
GymFly can be contacted at [email protected]