High Ticket Coaching Merchant Account
If your company processes payments in high ticket coaching trades — say, between $5,000 and $30,000, for example — you will find it hard to lock in a reliable and reasonably priced rates for a high ticket coaching merchant account. Most conventional merchant account programs aren’t intended for such high priced items, and because of this, their commission prices don’t fairly reflect on high-end companies.
If your average ticket price is around $5,000, odds are you can find a far better deal with choosing a merchant account provider that specializes in high ticket merchant accounts.
While a high ticket coaching merchant account is classified as high risk for a variety of reasons, we understand that it makes it difficult to find a reliable processing partner. PayKings specializes in working with high risk merchants and ee have multiple acquiring banking partners that offer high ticket coaching merchant accounts.
How Do I Go About Finding 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
- 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. That’s a mouthful, huh?
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. For more information on high risk businesses, click here.
Why Does this Matter and How Can PayKings 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 PayKings 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 tradition banks won’t approve your high ticket coaching merchant account and also why you’re 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 amount 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.
PayKings 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.
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 Gateway
- Chargeback Prevention
- Credit Cards
- B2B-Level II/III Data Discounts
- 3D Secure Frictionless Checkout
- Mobile Payment
- EMV Readers
Intuitive Compatibility & Support
- Gateway Recurring Billing
- E-Commerce Cart Plugins
- Developer API / Docs
- International Merchant Accounts
- Dedicated Account Managers