How to Use the Calculator
- Select your membership type from the dropdown menu (Monthly, Quarterly, Annually, or Custom).
- Enter the total cost of your membership.
- Input your membership join date. The calculator defaults to today's date.
- Enter your cancellation date. The calculator defaults to tomorrow's date.
- If you selected "Custom" as your membership type, enter the custom period in months.
- Click the "Calculate" button to determine your refund amount.
- Use the "Reset" button to clear all inputs and start over.
Understanding the Calculation
The calculator uses a simple proration formula to determine your refund amount:
Refund = (Cancellation Date - Join Date) × (Membership Cost / Total Period)
This formula calculates your refund based on:
- The number of days you've had the membership
- The total cost of your membership
- The length of your membership period
Example Calculation
Let's say you have an annual membership worth $1200 that you want to cancel on June 15th:
- Membership Type: Annually
- Membership Cost: $1200
- Join Date: January 1st
- Cancellation Date: June 15th
From January 1st to June 15th is 175 days. Your refund would be:
Refund = 175 × ($1200 / 365) = $572.60
Important Notes
- This calculator provides an estimate of potential refunds. Actual refund amounts may vary based on your membership agreement.
- The calculator uses 30 days for each month, 90 days for each quarter, and 365 days for each year as approximations.
- If your membership has any additional fees or discounts, these should be considered separately.