Merchant Accounts for Personal Trainers

Jun 23, 2016

In the extremely competitive fitness industry, it can be difficult for personal trainers to distinguish themselves from competitors. One great way for a personal trainer to make themselves stand out is to provide a quick and easy way clients to pay however they like. But how does a personal trainer accomplish this?

Start by choosing a merchant account provider that offers tools that will help set you apart. For example, recurring billing, mobile phone credit card processing, ACH payments and digital invoicing. In addition, if you are a self-employed trainer, you will want to find a flexible service that doesn’t lock you into a long-term contract or equipment lease.

If your business is a startup, you will probably experience some trouble securing the merchant account solutions you need. Why? Traditional lending sources consider startups to be “high risk” and turn them away. The advantage of working with a high risk provider is that they specialize in working with businesses categorized as high risk. They are more than willing to work with startups, and provide them with the credit card processing solutions they need. In fact, their services are typically tailored to meet the needs of each business type and industry they work with.

Unfortunately for the personal trainer, the payment processing industry is extremely complicated – making it difficult to decide which processor is right for them. There are also a lot of middlemen and resellers in the market place that add to the confusion. It is easy to sign an agreement with a processor, only to find out later that they are simply not right for their business’ needs. Business owners, unaware of volume commitments and pricing, suddenly find themselves stuck and facing cancellation penalties. Thoroughly researching and finding the right merchant account provider for your business’ specific needs is crucial.

A personal trainer merchant account with EMB allows you to easily accept credit and debit card payments from your clients. One of the advantages of working with EMB is our proven platform. New features are added daily, and a superior support team is available anytime of the day to answer questions or concerns. The application process for a personal trainer merchant account is fast, simple and hassle-free. Upon submitting an application, merchants hear back in as little as 24-48 hours, sometimes even sooner.

As you decide which merchant account provider is right for you, make sure you first consider their pricing, services and support team. Their merchant account and credit card processing solutions should ultimately help to distinguish you from your competition. To learn more about what a personal trainer merchant account can offer you, contact EMerchantBroker’s team of experts today.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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