Seminar And Coaching
For four reasons, many credit card processors refuse to accept consulting, development training, coaching, or seminar businesses:
- The first is that most seminar-related businesses accept credit card payments over the phone or through their website. Without face-to-face connection, debit and credit card sales are more vulnerable to fraud and customer misconceptions, resulting in increased chargeback rates.
- The second reason that seminar merchant accounts are frequently seen as high-risk is that seminar and coaching enterprises frequently have huge transaction quantities. Large single transactions (those worth more than $100-250) carry greater financial risks for the credit card processor, and are also more likely to be charged back by disgruntled customers due to their larger size.
Finally, people attend seminars or professional development training courses with the goal of learning something that will have a substantial influence on their professional or personal lives. Dissatisfied attendees are more likely to file chargebacks, either because they had unrealistic expectations or because the conference did not completely deliver on its claims. In a small ticket restaurant, for example, dissatisfied customers will simply not return, but chargebacks are rarely initiated.
Fourth, unlike a restaurant that accepts money and provides services on a regular basis, seminars or professional development enterprises usually receive a significant number of credit card payments for a single forthcoming event or seminar.
As a result, if the seminar or event goes poorly (or is seen to have gone poorly), there is a greater chance that a flood of chargebacks will be initiated as a result of that one event, putting the credit card processor at risk. In conclusion, many merchant account providers simply refuse to accept seminar, coaching, and professional development-related businesses due to these dangers.
EDataPay Payments, on the other hand, has been serving the seminar and educational services businesses since its inception. Our extensive contacts with credit card processors and their sponsor banks, as well as our integrated chargeback mitigation technologies, uniquely position EDataPay Payments to provide coaching and seminar merchant accounts that offer reliable revenue.
Seminars & Coaching CRM Software Integrations: Enjoy Seamless Integration With Leading Seminars And Coaching CRM & Software Suites:
eData Payment CRM, ClickFunnels, InfusionSoft, and OntraPort, Volusion, WooCommerce, Magento, Shopify, BigCommerce, Zoho CRM, and Salesforce.
Most other software or CRM platforms that are compatible with the Authorize.net, NMI, or USAePay payment gateways can be integrated with EDataPay Payment’s seminars and coaching merchant accounts. Don’t see what you’re looking for? Contact our sales team if you have any concerns regarding how to link your chosen seminar and coaching CRM or online shopping cart software.
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