HIGH RISK MERCHANT ACCOUNT
COACHING AND CONSULTING
Recognizing the distinctive challenges encountered by coaches and consultants in this dynamic industry, Structure Payments addresses the hesitations of conventional payment processors stemming from perceived risk factors. Our focus is on delivering secure, dependable, and compliant credit card processing services tailored to the unique requirements of coaching and consulting enterprises. Leveraging our extensive industry knowledge and cutting-edge payment technology, we enable coaches to effortlessly accept credit card payments, enabling them to concentrate on their core strengths – guiding clients towards achieving their growth goals.
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PROVIDING HIGH RISK MERCHANT ACCOUNTS FOR A COACHING AND CONSULTING BUSINESSES
STRUCTURE PAYMENETS ARE EXPERTS AT COACHING AND CONSULTING BUSINESSES
1. Industry Risk Factors: Coaching and consulting businesses can be classified as high-risk due to factors such as unpredictable revenue streams, chargeback risks, and potential for legal disputes. High-risk credit card processors specialize in handling these risk factors, providing tailored solutions that mitigate financial and operational challenges unique to coaching and consulting industries.
2. Flexible Payment Options: High-risk credit card processors offer a range of flexible payment options tailored to coaching and consulting businesses. This includes recurring billing for ongoing services, installment plans for larger projects, and invoicing capabilities to streamline client payments.
3. Risk Management Tools: High-risk credit card processors provide advanced risk management tools to help coaching and consulting businesses detect and prevent fraudulent transactions. These tools include real-time fraud monitoring, chargeback prevention strategies, and customizable security features to protect sensitive client information.
4. Regulatory Compliance: Coaching and consulting businesses must adhere to industry-specific regulations and standards. High-risk credit card processors have expertise in regulatory compliance within the coaching and consulting sectors, ensuring that businesses remain compliant with legal requirements and industry best practices.
5. Global Payment Support: Many coaching and consulting businesses operate on a global scale, serving clients from different countries and currencies. High-risk credit card processors offer international payment processing capabilities, including multi-currency support and cross-border transaction facilitation, to accommodate the needs of global clients.
6. Reputation Enhancement: Partnering with a reputable high-risk credit card processor can enhance the reputation and credibility of coaching and consulting businesses. By demonstrating a commitment to secure and transparent payment processing practices, businesses can build trust with clients and stakeholders, leading to increased client retention and business growth. In summary, coaching and consulting businesses can benefit from using a high-risk credit card processor to manage industry-specific risks, offer flexible payment options, ensure regulatory compliance, support global payments, and enhance their reputation within the industry.
WHY YOU NEED A HIGH RISK COACHING AND CONSULTING MERCHANT ACCOUNT
Given that many of these services involve high-value transactions, leading to significant chargeback amounts, financial institutions are even more hesitant to establish merchant accounts for coaching and consulting entities.
As a provider catering to high-risk businesses, the likelihood of encountering chargebacks increases. For example, with a personal trainer merchant account offering guaranteed results, customers can easily request refunds if the results are not achieved, a factor that banks view negatively, leading them to be cautious about engaging with such businesses.
Regrettably, banks are indifferent to the reasons behind chargebacks; they solely observe the high refund volume, contributing to their reluctance to support high risk merchant accounts.
The reasons behind customer refund requests are often beyond the control of the coach or consultant, complicating the situation. Even if the services provided are excellent, participants may lack the self-discipline to follow through. Instead of attributing their lack of success to themselves, they may fault the coach or consultant.
STRUCTURE PAYMENTS ENABLES SUCCESS
At Structure Payments, our expertise lies in aiding businesses similar to yours in resolving challenges related to payment processing. We specialize in offering a merchant account tailored for coaching and consulting services, ensuring alignment with your business strategy. With years of experience, we have dedicated ourselves to assisting high-risk companies across various industries enhance customer service and secure a competitive advantage.
As a professional coach or consultant, your pivotal role involves mentoring and motivating others to achieve their goals. However, if you provide high-ticket coaching and consulting services with fees amounting to thousands of dollars, finding a suitable coaching merchant account for credit card acceptance can be challenging. Many banks are hesitant to engage with such businesses due to perceived higher risks.
GROW YOUR COACHING AND CONSULTING OFFERINGS
With Structure Payments we can help you grow your business by expanding your offerings via a high risk merchant account. You can use this to provide online or direct sales to expand your products that might include gift cards, referral credits, payment plans, online or direct motivational items, equipment, software, etc. You will have the power to create and grow your business.
Sign up today and within 48 hours start processing more for your business using our proven team, tools, and merchant account expertise. We have access to many banks and professional experienced high risk underwriters.
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A high risk credit card processing professional will be in touch immediately.