Hi ,

Do you want to keep more money in your pocket from each client signing up with you? Most coaches do, but the payment platforms they work with eat into their profits.

Most big payment platforms are focused on big eCommerce, not coaching businesses with lower transaction volumes.

Two Coaches Share Their Challenges With Payment Providers

Chantal, a life coach we spoke with, shared her frustration with her payment provider:

Initially, the setup seemed easy. But when a payment failed and the platform made changes to their features and changed a few rules, things got complicated.

Instead of finding help, she was redirected to an online "help" article that was long and full of instructions she didn't understand. So she began looking for alternatives. 

Then there's Hassan, a career coach we interviewed. His business was growing nicely. Everything worked seamlessly - for a while.

Suddenly, his payment provider increased the fee structure, reducing the profit Hassan made per transaction. On top of that, his coaching platform started charging a separate fee for all transactions.

He got frustrated about the increased cost, especially since he was already paying a hefty monthly fee for his coaching platform. 

These two cases are not uncommon. Many coaches start by signing up with a popular payment provider. In the beginning, that's enough to be in business. 

But as your business grows, you'll experience the challenges of cancelled transactions, policy and fee changes by the payment providers, and sometimes technical failures.

These are pressure tests for your business. At that time, coaches like you often reevaluate the companies they work with. The most popular payment solution may not be the best one for your business. 

In this payment platform comparison article, we look at other factors that matter to coaches like you, like:

• How user-friendly is the platform?
• What customer service is provided? (Hello...any humans around?)
• What are the true costs of processing payments?
• Do they integrate natively with coaching platforms?
• ...and some other factors.

Take a look at the article here:

7 Best (+Worst) Payment Processor Alternatives for Coaches

See Comparison

Have you tried any of them? Share your experience with others in the Facebook group or respond to this email.

Enjoy the weekend,

COACHILLY MAGAZINE

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