Payment Processing Solutions for a Life Coach

Dec 22, 2014

Are you charismatic? Are you the person that everyone turns to for advice? Then you should consider a career in life coaching. U.S. News and World Report have stated that life coaching is the second biggest consulting business in the United States. This profitable field is wide open to anyone who is ready to have a legitimate business with unlimited potential.

In order to have the best chance at success, life coaches should attain a Master’s degree or doctorate. While it isn’t mandatory to possess these degrees, you’ll be competing against many others who do. If you do not want to go back to college, another popular route to take is to attend an accredited life coaching program. Ensure that the program you choose is legitimate – there are a lot of scams out there. The ICF and IAC (International Coaching Federationand the International Association of Coaching are two globally recognized organizations with accredited programs.

Once you’ve achieved an accreditation, attend as many seminars as possible. It’s important that new entrants stay informed about the business and make profitable connections with other life coaches. As you are networking, look for an experienced life coach to act as a mentor. Having someone to bounce ideas off of can keep you from making rookie mistakes. As you establish your business, you won’t be able to charge as much as life coaches with experience, this means that you may have to acquire a part time job to make ends meet.

Finally, marketing yourself will help increase your clientele faster. There are various coaching directories available to life coaches, plus having a website, business cards, and other promotional materials will assist in finding more clients.

Life coaching is an exciting and profitable field that needs more entrants. In order to build a clientele, your clients must be able to have a variety of low hassle ways to pay for services. But life coaching is still considered a high risk industry by traditional payment processors, who will refuse to process payments for your business. eMerchantBroker.com will help you set up and manage your life coaching merchant account, without charging excessive fees. Call us at 1-800-621-4893 to learn how our competent payment processors can help grow your business.

Apply for a Life Coaching Merchant Account and get approved in as little as 48 hours!

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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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