How do annual payments work?

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. Let's say, for example, that a studio has already paid for a year: 384 USD for 5 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 USD
- New annual price is 432 USD
- 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. 

Payment options

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.

Annual renewal

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.

Refunds

If for any reason, you're unhappy with your Momoyoga purchase, you can cancel your account from the moment your pay period ends. After canceling your account, the annual subscription with the remaining credit will continue to run for max. one year until the credit runs out and it stops. If a studio is on a monthly subscription, it will continue to run for max. one month after cancellation. Likewise, if the studio is on an annual subscription, it will continue to run for max. one year.   

Read more about how our pricing plans work.