Annual payments are assessed as an account credit. As the number of teachers changes over time, you're only billed for the teachers you have. If you make an annual payment for 5 teachers and move down to 3, your credit will last longer than a year. Likewise, if you purchase 5 teachers and add more teachers to your account over time, the credit may run out in less than a year.
How much do I save on an annual subscription?
By paying annually, you'll save 💰 each month. When you switch from monthly payment to annual payment, you'll save 20% on the total amount. You pay this amount in advance in one go. Let's take an independent yoga teacher for example. Instead of the standard price of 25 per month, the teacher would pay only 20 per month. Likewise, a yoga studio with 5 teachers would pay 52 per month instead of 65 per month. With the annual membership, because you are receiving a 20% discount, this means you will not receive a partial refund if you cancel in the middle of your subscription.
What happens if I add a teacher?
Let's say, for example, that a yoga studio has already paid for a year: 384 for 4 teachers.
- The studio paid on January 1
- In March the studio adds 1 teacher
- The remaining number of days is 306 on March 1 (up until 12/31)
- Old annual price was 384
- New annual price is 432
- New remaining number of days = Remaining number of days / new price * old price = 272 days
- New remaining number of days is 306 / 432 * 384 = 272 days
- New billing date is March 1 + 272 days = November 4
You can check out an overview of our annual subscription discounts on our Pricing page.
Friendly reminder: Only the admin can access the My Plan page to manage the number of teachers and access invoices.
Credit card and IBAN
If you've been paying month-to-month and already have a credit card or IBAN bank account number on file, you can make an annual payment right from the My Plan page. Click on Switch to Annual in the billing section of the page, then Make annual payment to confirm.
As soon as you update your billing plan, the system will confirm your next billing date. By default, the annual renewal of your subscription will be charged automatically to the credit card or IBAN bank account number on file when there isn't enough prepaid credit remaining on your account.
If for any reason, you're unhappy with your Momoyoga purchase, you can cancel your account with a notice period of one month before your next invoice date. If you have an annual subscription and you cancel prior to the end of the term, the remaining credit will continue to run until the credit runs out and it stops. Because you are receiving a 20% discount on your annual subscription, you will not receiving a partial refund.
Read more about how our pricing plans work.
Studios operating in Europe will be billed in Euros (€, EUR). Studios operating outside of Europe will be billed in US dollars ($, USD).