04 JAN

GymPact for iPhone Pays You to Go to the Gym

by Marianne Schultz
 

Have you made your New Year’s resolutions yet? Is one of them to get in shape or lose weight? If so, there are ton of iPhone apps that can provide exercise and diet plans and help you track your workout, but there’s now one that will actually pay you for going to the gym. GymPact hit the App Store on New Year’s Day (most appropriately) and tracks your progress against your commitment –the Pact that you define– to go to the gym. If you stick to your Pact, you get paid out of funds accumulated by those who don’t meet their commitment. If you don’t stick to your Pact, you contribute to the funds to pay those who did meet their commitment.

You can create a new account through the iPhone app or at GymPact’s site. As you create an account, you define the terms of your Pact including how many times per week you will go to the gym and how much money per visit you’re willing to put at stake. For example, you could commit to going to the gym three times per week with stakes of $10 per day missed. When you go to the gym, you open the app and check in. In order to register a check-in, you must remain at the gym for at least 30 minutes, which lessens the chances of cheating.

If you don’t make it to the gym per your Pact, you are charged based on the stakes you committed through the credit card you entered at registration. The money paid by all members who did not live up to their Pacts is added together each week and and divided up among those who did meet their commitments, which can be cashed out via PayPal.

Here’s an overview video describing the whole process:


 
If you’re not ready to put real money on the line, you can opt in for a free trial and avoid entering any credit card details during the sign-up process. You can find more details at GymPact’s site in an FAQ.

  • Healthcare & Fitness

    Pact: Earn Cash for Living...

    Last Changed:
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    Version:
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    iOS iPhone

    Pact is the most effective way to finally keep your healthy resolutions this year. Earn cash for living healthy, paid by members who don’t. - Set your exercise and healthy eating goals each week...

6 Comments

  1. Elissa

    I have tried GymPact for the last two days but the GPS functionality doesn’t work in all areas. What I prefer instead is a similar concept called stickk which basically takes money out of your checking account and pays off a friend! I’ve been using Stickk in conjunction with two other apps and have been losing a lot of weight the last 2 and a half weeks. They are intelli-Diet which plans out my meals and diet for me and the other is gym buddy which lets me track my workouts and always know how to progress. I’m telling you, the combination of Stickk.com, intelli-Diet, and Gym Buddy is an awesome combination. I hope they can fix the GPS issues with GymPact soon though! It’s a neat idea.

  2. Chris

    An app I really like is MFP – MyFitnessPal ( http://appshopper.com/healthcare-fitness/calorie-counter-diet-tracker-by-myfitnesspal ) — it’s a combination of intelliDiet and GymBuddy features. You can track all your food/calories and exercise … from iPhone, iPad, and online on the website. And it’s all free.

    Doesn’t use money for accountability though. You could do that still if you needed to.

  3. Adam

    You give them a credit card?

    Well, sure, what could go wrong?

  4. Elissa

    The reason I don’t do free apps is because I’ve read they sell your information without your consent.

    Businesses don’t stay in business by giving away stuff for free and not running ads. They steal your information and sell for profits.

  5. Andrew

    Elissa : They don’t ‘steal’ your information, if you read the terms and conditions of the app before you install it, you’ll find you’re giving them permission.

  6. JT

    So did Elissa download the app and try it for a couple days after posting the infromation stealing comment or is she trolling this app?

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