Industries
COACHING MERCHANT ACCOUNT & PAYMENT PROCESSING SOLUTIONS
We understand the unique challenges faced by coaches, consultants, and training programs 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 merchants. 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.
EMPOWERING SUCCESS THROUGH COACHING
WITH ZEN PAYMENTS
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 are 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. We have the solutions to help coaching programs and business coaches get set up with payment processors, payment gateways, and a high-ticket coaching merchant account.
WHY ARE COACHING SERVICES CONSIDERED
A HIGH-RISK INDUSTRY?
- High Risk of Chargebacks: 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, so they won't approve a merchant account for these businesses.
- Large-Ticket Transactions: Many of the services offered by a coaching business 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. This makes it difficult for any merchant with a coaching services business model to accept payments from clients. You'll need a payment processor comfortable with offering high-ticket merchant accounts.
- High Refund Rates: A high refund rate is another reason companies in the consulting or business coaching industry are qualified as high-risk merchants. 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. Payment processors are frustrated when they have to issue a high volume of refunds.
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.
COACHING MERCHANT
ACCOUNT STABILITY
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 merchants. They should understand the coaching business and its challenges. 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.
WHAT ARE COACHING
MERCHANT ACCOUNTS
Zen Payments has been providing payment processing solutions for all types of high-risk businesses for more than 15 years, including coaching businesses that include:
- Personal Trainer
- Career Coach
- Business Coach
- Life Coach
- Relationship Coach
- Leadership Coach
The coaching industry spans a lot of vast and diverse business types. Navigating the coaching landscape presents unique challenges for coaches and mentors that other businesses don't experience. That's why coaching businesses need to obtain high-risk merchant accounts and a high-risk payment gateway. At Zen Payments, we specialize in providing a seamless onboarding experience for all types of coaching merchant accounts and payment processing.
Reasons To Make Us Your Coaching
Payment Gateway Solution
Examples of the additional benefits of choosing the coaching merchant services from Zen Payments include:
More options
While you might come across other business 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. We have a 98% approval rating for high-risk merchant accounts.
Fast account setup
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.
Multiple payment solutions
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.
Exceptional customer service
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.
Maximize Your Coaching
Business With Zen
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.
We have over 15 years of experience helping high-risk businesses and those in the coaching industry accept payments. We have the knowledge and resources to get you set up with a custom payment processing solution that's perfect for your coaching business. Contact us today to get started on the journey to process payments, set up recurring billing, and put fraud prevention tools in place.
Need a merchant
Account?
If you're seeking a payment processing platform that can positively impact your business, Zen Payments is here to assist. Get started today by contacting us online or calling our merchant services specialists at 844-661-0725. We'll get you approved quickly so you can accept online donations within a couple of days.
Apply Now
sales@zenpayments.com
(877)-511-3402
