High-Ticket Coaching Merchant Accounts

Where Should I look to Find a High Ticket Coaching Merchant Account?

If you owned a low-risk business you’d have plenty of options, such as getting sponsored by federal banks like Wells Fargo or Chase. Unfortunately, those banks (and thus their processors) will not approve applications for a high ticket coaching merchant account because of the potential for regulatory and chargeback problems.

Here are a few ways to vet a quality payment processing company:

• Look for a company that exclusively works with high risk merchants and has experience specifically with high ticket coaching merchant accounts. We have helped Coaches like Tony Robbins and Dean Graziosi process millions of dollars in a single night.
• Because underwriting guidelines vary so much, be sure to ask the business development person questions that are specific to your business needs

Just because your business is considered one that comes with added “risks” it does mean that you will be categorized as a high-risk merchant and therefore require a high-risk high ticket coaching merchant account.

In the beginning stages of getting operations for your company up and running, there are many business owners who initially don’t even realize that their business model falls in that high risk vertical until they endure rejection after rejection from big banks declining their applications for payment processing.

Don’t lose hope – high risk payment processors do exist and are not only qualified to set your high ticket coaching merchant account up with payment processing options, but they’re experts in doing this in a way that caters to your specific industry and the business needs within your high risk vertical.

Why Does this Matter and How Can Aacadia Payments Help with my High Ticket Coaching Merchant Account?

There are some significant advantages to using a payment processing company to find you a high ticket coaching merchant account. For starters, a reliable company like Aacadia Payments who are experts in the payment processing industry have done a lot of due diligence to weed out providers with poor track records and unfair policies.

Based on previous experience with similar clients, we can point you directly to the providers that are most likely to best suit your needs. Not to mention that when you find a high ticket coaching merchant account that is uniquely specific to your business needs, it alleviates the hassle and worry of your company’s performance by ensuring that your business continues to run profitably and smoothly.

How Does Being High Risk Affect Your High Ticket Coaching Merchant Account?

Excessive chargebacks are one of the biggest reasons that traditional banks won’t approve your high ticket coaching merchant account and also why your business (if approved by an aggregate payment processor) will freeze or drop your account.

This is precisely why you need to find a company that offers high risk merchant accounts.

When looking for the right high ticket coaching merchant account provider, one thing that you ought to take into consideration is their chargeback threshold and the way they set them. Most importantly, is your chargeback threshold dependent on the number of chargebacks, or the total dollar value of chargebacks?

If the latter is the case, you have to question what the dollar value is. If your average transaction is $10,000 and the chargeback brink on your merchant account is $20,000, that means only two chargebacks in a month will drive you over the threshold.

If you look closely and compare the providers available to you, you should have the insight to choose a company that offers a high ticket coaching merchant account that meets all your business needs and one that helps mitigate some of the dangers that come with processing large ticket transactions on a regular basis.

Merchant Accounts for Coaching and Consulting Businesses

High-ticket coaching programs, masterminds, online courses and consulting packages often sell for thousands of dollars per client, usually online and often on payment plans or recurring billing. Processors see that combination (large tickets, card-not-present sales and buyer's-remorse chargebacks) as high risk, which is why coaches on mainstream platforms can have funds held or accounts closed right after a big launch. A merchant account for coaching from a high-risk specialist is built for exactly this.

What Aacadia Payments brings to your coaching business

• Banks that accept high-ticket sales. We have relationships with 47 banks in the US and the UK and 24+ acquiring solutions, and we place your business with one that specializes in coaching and info products.
• Published pricing. Typical pricing is 2.99% + $0.12 per transaction. Your final rate depends on your volume, average ticket size and processing history.
• No-reserve negotiation. We try to negotiate no reserve on every account. If a bank requires one, we'll tell you before you sign.
• Fast approval. About 48 hours from the time we receive your complete application package.
• MATCH list help. If a past processor placed you on the MATCH list, we can help you get removed.

Reducing chargebacks on high-ticket programs

• Have clients accept a clear written agreement and refund policy at checkout.
• Use a billing descriptor clients will recognize on their statement.
• Keep records of delivery: logins, session attendance, call recordings and emails.
• Spell out payment plan amounts and dates before the first charge.
• Respond to every dispute quickly with the agreement and your delivery records.

Selling programs online? See our online payment processing options and recurring billing setups, explore every industry we cover on our high risk credit card processing page, or start your application.

Coaching Merchant Account FAQs

Can a coaching business get a merchant account?

Yes. If your business is legal, we can get it approved. We match you with a bank that accepts high-ticket coaching, which is how we keep a 99.8% approval rate.

What does credit card processing cost for coaches?

Typical pricing is 2.99% + $0.12 per transaction. Your exact rate depends on your monthly volume, average ticket and processing history, and we quote it before you sign anything.

Can I take payment plans and recurring payments?

Yes. Our gateways support recurring billing, so you can run payment plans and memberships through the same account. Tell us how you bill and we'll set the account up for it.

Will I need a rolling reserve?

We try to negotiate no reserve on every account. A bank may require one based on your financial situation, credit score and ticket size. If it does, we'll tell you upfront and work to keep it as low as possible.

How long does approval take?

Typically about 48 hours once we have your complete application package.

Why Aacadia Payments?

Aacadia Payments understands the unique needs of different High Ticket Coaching related businesses and has established 24+ acquiring banking relationships to become an expert in getting High Ticket Coaching Merchant Accounts accepting online payments.

OUR SERVICES

HIGH TICKET COACHING MERCHANT ACCOUNT EXPERTS

• 20+ Proven Bank Relationships
• Medium/High Risk Accounts
• Fast High Ticket Coaching Account Approval
• Large Merchant Case Studies
• E-Commerce and Retail Options
• B2B Vendors Supported

MULTIPLE PAYMENT SOLUTIONS

• Multiple E-Commerce Gateways
• Chargeback Prevention
• ACH
• E-Check
• Credit Cards
• B2B-Level II/III Data Discounts
• 3D Secure Frictionless Checkout
• Mobile Payment
• EMV Readers

INTUITIVE COMPATIBILITY & SUPPORT

• Gateway Recurring Billing
• Vault
• E-Commerce Cart Plugins
• Developer API / Docs
• POS/Terminals
• International Merchant Accounts
• Dedicated Account Managers