We understand the unique challenges faced by coaches and consultants in this dynamic field, where traditional payment processors often shy away due to perceived risk factors. At Zen Payments, we specialize in providing secure, reliable, and compliant credit card processing services designed to meet the specific needs of coaching businesses. With our in-depth industry expertise and advanced payment technology, we empower coaches to accept credit card payments seamlessly, allowing them to focus on what they do best: helping their clients achieve personal and professional growth.
In your role as a professional coach or consultant, you perform the vital function of mentoring and motivating others to help them achieve their goals. But if you provide high-ticket coaching services, charging $5,000 or more for your work, you might have trouble locating a coaching merchant account that enables you to accept credit cards. Many banks are reluctant to work with these businesses due to the higher risk.
At Zen Payments, we specialize in assisting businesses like yours resolve their payment processing issues. We can provide a merchant account for coaching and mentoring services that's compatible with your operating model. For more than 15 years, we've focused on helping high-risk companies in a broad range of industries provide better service to their customers and gain a competitive edge.
As a high-risk business service provider, you're more likely to experience chargebacks. For instance, if you have a seminar merchant account that comes with a 30-day, money-back guarantee, it's easy for buyers to request a refund. Banks typically view this as a drawback that causes them to avoid working with these businesses.
Because many of these services are high-ticket events that can result in substantial chargeback amounts, financial institutions are even more reluctant to set up merchant accounts for coaching and consulting entities.
The reasons a customer may request a refund are often beyond the coach's control, which can exacerbate the situation. Even if your services are top-notch, the seminar user may not have the self-discipline to follow through. Instead of blaming themselves for their failure, they find fault in the program.
Unfortunately, banks aren't concerned with why a chargeback occurs — they only see the high volume of refunds, which contributes to their hesitation to support an educational seminar merchant account.
Coaches and mentors face some unique challenges that other businesses don't experience. When searching for a merchant account for your coaching business, it's important to choose a provider with extensive experience working with high-risk operations. Your provider should also have an extensive track record of partnering with companies for the long haul. Finally, it should offer flexibility in areas such as payment acceptance methods, pricing and underwriting. Zen Payments has you covered on all these points.
The coaching industry encompasses a wide range of business entities. Zen Payments can set up an online coaching merchant account for coaches that offer the following (but not limited to) services:
Examples of the additional benefits of choosing the coaching merchant services from Zen Payments include:
While you might come across other coaching and seminar industry merchant account providers, many of them only work with one banker. Zen Payments has an extensive network consisting of more than 15 banking partners, significantly increasing your chances of approval.
The quicker you can get your merchant account up and running, the sooner you can start receiving payments. Although it takes longer to create a high-risk account, our flexible underwriting can expedite the process. In most cases, we can approve you and have you onboarded in only one to two weeks.
Accepting payments via credit cards like Visa, American Express, Discover and MasterCard is essential for online coaching merchant accounts. Zen Payments can also help you receive money via other methods, enabling you to broaden your service offerings to your customers. Examples include PIN-debit, e-check, electronic bank transfer (EBT) and gift cards.
Whether you’re brand-new to the world of merchant accounts for seminars and coaching or have used another service in the past, we’re available to help you every step of the way. You can call our customer service team during regular business hours and get immediate answers to your questions. You can also send us an email 24 hours a day for a prompt response.
If you're tired of getting rejected by other coaching merchant account providers, we're here to help. We've named our company Zen Payments for a reason. We can remove the hassles and stress when finding and implementing a payment processing solution.
If you're looking for payment solutions that will positively impact your business, Zen Payments is ready to help. Get started right now by contacting us online or giving our merchant services specialists a call at 844-661-0725.Apply Now