Merchant Accounts For Gyms & Fitness Studios
The Best Merchant Account For Hard To Place & High Risk Businesses In The Fitness Industry
Frequently Asked Questions
Here are common questions specific to gym and fitness merchant accounts:
What types of gym and fitness industry businesses do you accept?
Soar Payments accepts a wide range of gym and fitness industry businesses. These include personal trainers, all-purpose gyms, fitness centers, recreation clubs, health clubs, yoga studios, dance studios, gymnastics gyms, CrossFit boxes, and Zumba and “bootcamp” type studios. Merchants may also be trainers or coaches who work as independent contractors, including strength and agility coaches, as well as specialists who help athletes in individual sports (e.g., baseball, football, soccer, basketball, tennis, golf, dancing, etc.)
To be approved, your fitness business must prove it can maintain a chargeback ratio below 2%. Applicants with a history of chargeback ratios exceeding 3% cannot be approved. Additionally, your business must be located, and operate, solely within the United States of America. The business owner must also be a US citizen or valid visa holder.
Does a Soar Payments merchant account allow for recurring monthly membership payments? What about multi-class “packs” or packages?
We understand that most gyms and fitness businesses process recurring payments for their membership agreements. A Soar Payments merchant account will support recurring membership payments, provided that the initial contract terms is 12 or fewer months (before renewal). Additionally, applications may be asked to provide a copy of their standard contract or membership agreement, plus pricing information for each membership option.
Additionally, many personal trainers and specialists (e.g. yoga instructors) provide “packages” of multiple one-on-one sessions, typically priced in the hundreds or even low thousands of dollars. These high ticket transactions are also allowable within a Soar Payments merchant account, however note that you will be asked to provide your largest typical ticket size during the application process.
What types of gyms fitness merchant accounts does Soar Payments offer?
Soar Payments offers a full-spectrum of merchant services to gyms, personal trainers, and dance / yoga / fitness studios. These include:
- Retail: A retail merchant account enables businesses to accept face-to-face debit and credit card payments via a traditional credit card machine or point of sale system.
- Mobile: A mobile merchant account enables your business to accept face-to-face credit and debit card payments via a swiper (included with each account) that plugs into your mobile phone or iPad.
- Virtual Terminal: Also called a payment gateway merchant account, a virtual terminal enables businesses to accept payments over the phone, via mail, or typed into a computer (without needing other equipment).
- eCommerce: An eCommerce merchant account allows you to accept credit card payments via your website’s online shopping cart.
Want more information? Click here to read our extended list of our FAQ.
Our friendly Customer Support Team is standing by to approve your application
Questions? (888) 225-9405
Accept Retail, Mobile, Virtual Terminal or eCommerce Payments
Retail businesses can choose from a traditional credit card terminal, wireless, or point of sale system. Whatever you choose, our retail merchant accounts will have you accepting credit and debit cards faster, and for less.
Want “on the go” mid or high risk credit card processing? Our mobile pay options are for you. Choose between iPad or mobile phone credit card swipers, compatible with both iPhone and Android devices.
Virtual Terminal Payments
Accepting payments over the phone, mail or typed in on your laptop is easy with our virtual terminal merchant accounts. No equipment needed. Just log in to your virtual terminal, and type in the customer’s credit card.
Selling online? Our easy to use payment gateways are compatible with, and simply plug in to most major shopping carts. Our mid and high risk merchant accounts are streamlined for eCommerce businesses.
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