diff --git a/ghost/admin/app/components/gh-members-lab-setting.js b/ghost/admin/app/components/gh-members-lab-setting.js
index 42f31bfa94..13392ba0c0 100644
--- a/ghost/admin/app/components/gh-members-lab-setting.js
+++ b/ghost/admin/app/components/gh-members-lab-setting.js
@@ -21,7 +21,7 @@ export default Component.extend({
             yearly: yearlyPlan
         };
         subscriptionSettings.stripeConfig = stripeProcessor.config;
-        subscriptionSettings.requirePaymentForSetup = !!subscriptionSettings.requirePaymentForSetup;
+        subscriptionSettings.allowSelfSignup = !!subscriptionSettings.allowSelfSignup;
         subscriptionSettings.fromAddress = subscriptionSettings.fromAddress || 'noreply';
 
         return subscriptionSettings;
@@ -59,8 +59,8 @@ export default Component.extend({
                     return plan;
                 });
             }
-            if (key === 'requirePaymentForSignup') {
-                subscriptionSettings.requirePaymentForSignup = !subscriptionSettings.requirePaymentForSignup;
+            if (key === 'allowSelfSignup') {
+                subscriptionSettings.allowSelfSignup = !subscriptionSettings.allowSelfSignup;
             }
             if (key === 'fromAddress') {
                 subscriptionSettings.fromAddress = event.target.value;
@@ -75,7 +75,7 @@ export default Component.extend({
         } catch (e) {
             return {
                 isPaid: false,
-                requirePaymentForSignup: false,
+                allowSelfSignup: true,
                 fromAddress: 'noreply',
                 paymentProcessors: [{
                     adapter: 'stripe',
diff --git a/ghost/admin/app/controllers/settings/labs.js b/ghost/admin/app/controllers/settings/labs.js
index b23c41557a..7963d93bd4 100644
--- a/ghost/admin/app/controllers/settings/labs.js
+++ b/ghost/admin/app/controllers/settings/labs.js
@@ -8,7 +8,6 @@ import {
     isRequestEntityTooLargeError,
     isUnsupportedMediaTypeError
 } from 'ghost-admin/services/ajax';
-import {computed} from '@ember/object';
 import {isBlank} from '@ember/utils';
 import {isArray as isEmberArray} from '@ember/array';
 import {run} from '@ember/runloop';
@@ -63,25 +62,6 @@ export default Controller.extend({
         this.yamlMimeType = YAML_MIME_TYPE;
     },
 
-    subscriptionSettings: computed('settings.membersSubscriptionSettings', function () {
-        let subscriptionSettings = this.parseSubscriptionSettings(this.get('settings.membersSubscriptionSettings'));
-        let stripeProcessor = subscriptionSettings.paymentProcessors.find((proc) => {
-            return (proc.adapter === 'stripe');
-        });
-        let monthlyPlan = stripeProcessor.config.plans.find(plan => plan.interval === 'month');
-        let yearlyPlan = stripeProcessor.config.plans.find(plan => plan.interval === 'year');
-        monthlyPlan.dollarAmount = parseInt(monthlyPlan.amount) ? (monthlyPlan.amount / 100) : 0;
-        yearlyPlan.dollarAmount = parseInt(yearlyPlan.amount) ? (yearlyPlan.amount / 100) : 0;
-        stripeProcessor.config.plans = {
-            monthly: monthlyPlan,
-            yearly: yearlyPlan
-        };
-        subscriptionSettings.stripeConfig = stripeProcessor.config;
-        subscriptionSettings.requirePaymentForSetup = !!subscriptionSettings.requirePaymentForSetup;
-        subscriptionSettings.fromAddress = subscriptionSettings.fromAddress || 'noreply';
-        return subscriptionSettings;
-    }),
-
     actions: {
         onUpload(file) {
             let formData = new FormData();
diff --git a/ghost/admin/app/templates/components/gh-members-lab-setting.hbs b/ghost/admin/app/templates/components/gh-members-lab-setting.hbs
index 643e288650..a19a4a0b0d 100644
--- a/ghost/admin/app/templates/components/gh-members-lab-setting.hbs
+++ b/ghost/admin/app/templates/components/gh-members-lab-setting.hbs
@@ -83,11 +83,11 @@
             </div>
             <div>
                 <div class="for-switch">
-                    <label class="switch" for="members-require-payment"
-                        {{action "setSubscriptionSettings" "requirePaymentForSignup" bubbles="false"}}>
-                        <input type="checkbox" checked={{subscriptionSettings.requirePaymentForSignup}} class="gh-input"
-                            onclick={{action "setSubscriptionSettings" "requirePaymentForSignup"}}
-                            data-test-checkbox="members-require-payment">
+                    <label class="switch" for="members-allow-self-signup"
+                        {{action "setSubscriptionSettings" "allowSelfSignup" bubbles="false"}}>
+                        <input type="checkbox" checked={{subscriptionSettings.allowSelfSignup}} class="gh-input"
+                            onclick={{action "setSubscriptionSettings" "allowSelfSignup"}}
+                            data-test-checkbox="members-allow-self-signup">
                         <span class="input-toggle-component mt1"></span>
                     </label>
                 </div>
diff --git a/ghost/admin/mirage/fixtures/settings.js b/ghost/admin/mirage/fixtures/settings.js
index 6d8379221d..5e24001654 100644
--- a/ghost/admin/mirage/fixtures/settings.js
+++ b/ghost/admin/mirage/fixtures/settings.js
@@ -177,7 +177,7 @@ export default [
         id: 23,
         type: 'members',
         key: 'members_subscription_settings',
-        value: '{"isPaid":false,"requirePaymentForSignup":false,"fromAddress":"noreply","paymentProcessors":[{"adapter":"stripe","config":{"secret_token":"","public_token":"","product":{"name":"Ghost Subscription"},"plans":[{"name":"Monthly","currency":"usd","interval":"month","amount":""},{"name":"Yearly","currency":"usd","interval":"year","amount":""}]}}]}',
+        value: '{"isPaid":false,"allowSelfSignup":true,"fromAddress":"noreply","paymentProcessors":[{"adapter":"stripe","config":{"secret_token":"","public_token":"","product":{"name":"Ghost Subscription"},"plans":[{"name":"Monthly","currency":"usd","interval":"month","amount":""},{"name":"Yearly","currency":"usd","interval":"year","amount":""}]}}]}',
         created_at: '2019-10-09T09:49:00.000Z',
         created_by: 1,
         updated_at: '2019-10-09T09:49:00.000Z',