Merchant Accounts For Martial Arts Studios
The Best Merchant Account For Hard To Place & High Risk Businesses In The Martial Arts Industry
Frequently Asked Questions
Here are common questions specific to martial arts merchant accounts:
What types of martial arts industry businesses do you accept?
Soar Payments accepts a wide range of martial arts industry businesses. These include gyms and studios that teach Brazilian Jiu-Jitsu, Muay Thai or kickboxing, boxing, wrestling, MMA (Mixed Martial Arts), Karate, Taekwondo, Kung Fu, and other forms of traditional martial arts.
To be approved, your gym or dojo 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.
My dojo bills our members on a monthly basis. Does a Soar Payments merchant account allow for automated (recurring) membership payments?
We understand that most dojos and martial arts 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.
Merchants may operate out of their own stand-alone facility, or even sub-lease space from another club or studio. Note that all martial arts merchants will be required to be incorporated in their geographic area as an LLC or an otherwise legally operating business.
What types of martial arts merchant accounts does Soar Payments offer?
Soar Payments offers a full-spectrum of merchant services to martial arts gyms and dojos. 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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