Episode 288: Click to Cancel & FTC Compliance

What We Cover In This Episode: Details on the FTC negative option rule coming into effect May 14th and why compliance is key when it comes to protecting your boutique fitness business [3:51] The clear and easy to use option to keep your business compliant as well enhancing the client experience [5:38] How FitDegree provides control over in-app cancellation options [8:05] The new reporting feature in FitDegree that allows studios to track membership cancellations, along with optional push notifications for real-time alerts and more [11:07] Quotes:  "This is going to be about transparency, it is about consumer protection, tha's why it is being enforced, and it's about making sure people don't feel trapped in a membership they can't get out of." [Nick, 4:03] "It is not a 'nice to have', it is a federal law. You need to stay compliant and it's one of those things that if you do a little bit of work upfront you are going to avoid legal headaches down the road. It's also going to build trust with your clients." [Nick, 4:46] "We saw some softwares come out with this feature before us and they simply just threw a cancel button on there. We took our time… with our development team." [Nick, 8:19] LINKS:  Federal Trade Commission (FTC) Learn More About All of Our Partners & Get Exclusive Offers Visit the fitDEGREE Knowledge Base Send Megan Your Playlist or Discuss the Podcast Here!  fitDEGREE's Business Portal https://calendly.com/fitdegree-support  [email protected] https://www.instagram.com/fitdegree/ ​​https://www.instagram.com/fitspot_guru/  https://www.fitdegree.com/blog  https://www.youtube.com/channel/UChJ5rK6zWPXjbxtUQx3ys9Q https://www.tiktok.com/@megan_fitdegree