What is the function of the seven-day cooling-off period? In my opinion, the function of the seven-day cooling-off period is to make people stop impulsive consumption. In many places, in order to attract customers to apply for cards, gyms will provide customers with various preferential activities. Generally speaking, the longer the card processing time, the more discounts. In this case, many users are encouraged to apply for long-term cards, but in fact, they don't need this card at all. Although they usually want to exercise, they often have no time. Soon, they finished playing the card and began to regret it. As soon as the seven-day cooling-off period policy comes out, they can consider it during this period. If they find themselves impulsive consumers, they can also recover their losses in time.
The seven-day cooling-off period protects the interests of consumers. For consumers, that is, users who apply for a card, it is almost impossible to get a refund once they have paid for the card, so even if they regret it, they can only suffer a dumb loss. The setting of the seven-day cooling-off period gives consumers more choices. During these seven days, consumers can freely choose whether to refund or not. Seven days is enough time for consumers to consider, which is a great benefit to consumers.
For gyms, the introduction of this policy may lose some users, but in the long run, users who are willing to pay are the users who really need services in gyms.