Merchant Processing for Educational Seminars

Moneybox offers Educational Seminar credit card processing when many other processors do not.

Get a rate quote

Partner with a merchant company you can trust!
CONTACT US & SAVE

In today’s digital world, online seminars and coaching have emerged as popular and lucrative sources of income for experts and educators. These professionals can share their knowledge with eager students by offering in-person and online seminars. However, they need to secure an educational seminar merchant account to take their seminar or training business to new heights.

The Importance of Credit Card Processing

Accepting credit card payments is essential for modern businesses. Business owners must invest in merchant services to reach all potential market segments. However, securing credit card processing for seminars and coaching services is not as simple as it may seem.

Challenges in Online Payment Processing for Seminars and Coaching

Many merchant service providers view the industry as prone to fraud, chargebacks, and other risky issues. As a result, finding the right partner in online payment processing for seminars and coaching is crucial to the success of these businesses.

This makes it challenging for business owners in this sector to access credit card processing services. Despite this, it’s essential to understand the reasons behind this classification and the risks associated with providing educational seminar merchant accounts.

Key Risks in the Educational Seminar Industry

  1. Fraud: The educational seminar industry is susceptible to fraudulent behavior. If a customer feels they have been misled or sold an inferior product, they may request a chargeback from their credit card company. To avoid this, it’s crucial to be transparent and accurate in promotional materials.
  2. High Cost: Professional training courses can be expensive, and chargebacks and fraud claims can lead to significant losses for the educational seminar merchant account.
  3. Cancellations: In-person training often requires early registration, making the industry prone to cancellations. This is particularly common in career development training.
  4. Negative Option Processing: Many training firms use recurring payments for online subscriptions. However, this can lead to chargebacks if customers forget to cancel a subscription.

To overcome these challenges and secure credit card processing for seminars and coaching services, business owners should partner with a payment processing firm that specializes in high-risk industries and understands the sector’s unique challenges. By doing so, they can ensure a smooth and secure payment experience for their clients while minimizing the risk of chargebacks and fraud.

Subscription Management Software

While not all educational seminar businesses utilize a subscription model, many of our clients have successfully offered recurring payment methods to generate revenue. If you frequently upload content and want to capitalize on your expertise, offering subscriptions or membership tiers can be an excellent way to monetize your knowledge. Our extensive experience providing continuity subscription merchant accounts makes us uniquely qualified to help educational seminar businesses.

Frequently Asked Questions

Moneybox works with major payment gateways such as Authorize.net, NMI, TSYS, and FirstPay. Our merchant accounts seamlessly integrate with many of the leading software suites utilized by businesses in the seminar industry. This includes marketing automation platforms like ClickFunnels, InfusionSoft, and OntraPort; eCommerce solutions such as Volusion, WooCommerce, Magento, Shopify, and BigCommerce; as well as CRM and CMS software like Zoho CRM, SalesForce, and WordPress.

Moneybox welcomes a diverse array of seminar businesses operating in the U.S. This encompasses sectors such as health, wellness, real estate, stock trading, futures and derivatives, investing seminars, and other educational service providers. Please note that each merchant account application undergoes a thorough individual review and underwriting process, which means the approval for your seminar or coaching company may come with specific terms or conditions.

What industries does Moneybox Merchant Services accept as clients? Moneybox specializes in mid-risk as well as specific high-risk industries (the terms “mid-risk” and “high risk” are used here from the perspective of the merchant services industry). We are proud to serve the following industries:

  • Accounting & Tax Prep
  • Adult
  • Airlines
  • Alcohol
  • Antiques & Collectibles
  • Apparel & Clothing
  • Automotive
  • B2B
  • Bad Credit
  • Bail Bonds
  • Bar & Restaurant
  • Cigars & Tobacco
  • Cleaning Service
  • Clothing & Apparel
  • Collectibles
  • Continuity / Subscription Products
  • Continuity-Subscription
  • Credit Monitoring
  • Debt Consolidation
  • Dental
  • Digital Downloads
  • Digital Streaming
  • Document Preparation
  • Drop Shipping
  • Ecommerce
  • Educational Seminars
  • Electronics
  • Events
  • Furniture & Home Furnishings
  • Guns & Firearms
  • Gyms, Fitness & Yoga
  • Hair & Beauty Salon
  • Health & Fitness
  • Healthcare
  • High Volume
  • Hotel & Hospitality
  • Hotels & Lodging
  • Hunting & Outdoor Equipment
  • Insurance
  • Insurance / Warranty
  • Jet Charter
  • Law Firms
  • Legal Services
  • Magazine Subscriptions
  • Medical Billing & Coding
  • Medical Supplies
  • Membership & Recurring Billing
  • MLM Companies
  • Moving Companies
  • Nonprofit
  • Nutraceuticals & Supplements
  • Online Dating
  • Pawnbrokers & Pawn Shops
  • Pet Products
  • Precious Metals
  • Property Management
  • Real Estate
  • SaaS Companies
  • Self Defense, Tasers & Stun Guns
  • Seminars & Coaching
  • SEO & SEM Services
  • Smoking Accessories
  • Survivalist & Tactical Gear
  • Taxes and Accounting
  • Tech Support
  • Telemedicine
  • Ticket Agencies
  • Tobacco & Cigar
  • Transportation & Moving
  • Travel & Timeshare
  • Travel Agency*
  • Utility
  • Vape / e-Cig / eJuice*
  • Veterinarians
  • Web Design Services

Please note, this is NOT a complete list; Moneybox Merchant Services Inc. serves hundreds of additional mid and low risk industries, too. We do not have a full list of industries we can work with, instead we keep a list of business that we currently can not support. See our FAQ page for more info. If the opportunity is right we will of course try to be considerate.

Sorry, we are unable to provide merchant services for foreign or offshore businesses, or any company that is headquartered, or operates, outside of the USA. We are also unable to provide merchant services for any business whose owner does not have a valid SSN and US issued identification (driver’s license, US passport, etc). That said we are working to fix this issue and should have a solution early 2025.

Yes, your startup or new business can be approved by Moneybox Merchant Services for a merchant account. We love startups! While newer businesses without processing history sometimes encounter hurdles when it comes to approval, Moneybox has helped many brand new businesses get their start in payment processing.

A high-risk merchant account is designed for businesses deemed as “high-risk.” These types of businesses have a greater likelihood of chargebacks, fraud, or other financial risk factors. High-risk businesses require such accounts to be able to accept credit and debit card payments.

Various industries are considered high-risk because of their inherent attributes. Some examples include CBD (Cannabidiol) products, e-cigarettes, vape products, stun guns, credit repair services, multi-level marketing, adult products/services, pawnshops, dietary supplements, SEO services, and tech support.

No central authority determines a business’s high-risk categorization. Every payment processor or bank sets its own standards, often based on internal risk management criteria. Providers assess businesses based on several detailed information bits to ascertain risk levels.

Factors contributing to a high-risk business include being a new business, having poor credit records or low credit scores, operating in controversial or highly regulated industries, relying heavily on international sales, and previous placements on the MATCH list by payment processors.

High-risk merchant accounts differ from regular accounts in several ways such as having a longer application process, higher payment processing fees, cash reserve requirements, volume caps in credit card processing, higher chargeback fees, and additional requirements based on the business type.

A high-risk business should ensure it maintains healthy cash levels, tries to reduce chargebacks, discloses all relevant information during the application process, keeps its financial documents ready, and adheres to the guidelines set by its payment processor.

Moneybox Merchant Services Inc. may not cater to all high-risk businesses (e.g. CBD merchants). It offers an upfront underwriting process that identifies risk factors early, saving the merchant time and potential costs. However, if Moneybox cannot service a particular business, they may recommend a processor better suited to your needs.

Best Processing & Support

“We conducted thorough research and compared different pricing options before settling on a new provider. After careful consideration, we chose Moneybox. We have been happy with the results for years since using their services. We interact with the product daily through their website, and most of the payments are automatically processed using Authorize.Net. We find Moneybox to be a reliable and efficient company.”
– Tom
Tom Bostic
Happy Customer

Fast Service, Unmatched Customer Service

“We changed our website and needed to get a new processor fast. Their prompt service and secure system are unmatched. We have been using their services for a while now and have never had any issues. In fact, they even require us to call them once a year to ensure our system is up to date. As our business continues to grow, we are excited to explore the many options that Moneybox has to offer, including a point-of-sale. They have been our go-to solution for everything, from terminal issues to website processing security. We couldn’t be happier with their exceptional service.”
Valmore Forgett
Happy Customer

Simply Amazing Technical Support

We were starting a new business and needed a reliable company to process our credit card payments. After some research, we found Host Merchant Services and began working with them in January 2021. The staff has been very helpful, and we’ve had positive experiences with both the Compliance team and technicians. We process payments in person using a terminal, and the service and machine have been excellent with no issues.
Tony and Sherry
Happy Customers

Consistent Communication

I had a wonderful experience with this company regarding high risk merchant services. Their consistent communication and daily updates regarding my application status during the approval process were greatly appreciated.
Christian
Happy Customer

Start A Complimentary Rate Analysis

Discover hidden savings in your merchant account

Blank Form (#4)

What you’ll get:

No Cost

Confidential

Upload a recent merchant statement

We will identify where the WASTED SPEND hides within your EXISTING merchant account.

We will present an overview of account and fee health and discuss whether significant savings can be achieved.

You are not obligated to purchase anything.

You do not pay us ANYTHING unless you elect to have Verisave implement cost reductions on your behalf.