Are you trying to run your live event or mastermind class/course business through Wix but struggling to accept credit cards using Wix Payments or Stripe? E-Commerce 4IM can help.
Wix offers a wide range of features and makes it simple to create a great-looking, professional website with just the right visual appeal. However, accepting payments can be a little tricky if you’re unfamiliar with selling live event tickets or mastermind services online through Wix.
At E-Commerce 4 Internet Marketers (IM), we specialize in helping online business owners, just like you.
We specialize in helping traditionally high-risk business owners gain and set up merchant services. You will be able to accept payments safely and reliably for your live events and mastermind services. In fact, we can even help you if you’re experiencing a higher than usual chargeback ratio.
We have an excellent chargeback mitigation program that gives you near-real-time notifications and it helps you prevent chargebacks before they happen.
Why you may not want to use Wix’s standard payment processor
Wix is a great e-commerce platform, and the payment processor it offers (Wix Payments, Powered by Stripe) when you start out is great for the vast majority of businesses. Having said that, when you sell live event tickets or mastermind services you’re actually running a high-risk business. What that means is that payment processors actually treat your products and services differently than most others.
Since Wix Payments is set up to be ideal for most businesses, it’s inherently not great for niche businesses. When you sell high-risk products and services, you do need to use high-risk merchant services. High-risk merchant services are payment gateways and merchant accounts that are set up specifically to handle the payment processing of high-risk goods and services.
The good news is that we can set you up with the high-risk friendly payment processing you need for your Wix store. With our high-risk merchant services, you can easily sell your live events and mastermind services on Wix.
Low ticket and high ticket sales
When selling mastermind events or services, often these go at premium prices. After all, these groups and events share some of the best insights available in any given industry. However, as a result, your products or service actually classify as high-ticket items.
What this means from a payment processing perspective is that accepting payments for these goods actually carries more risk than more standard businesses. This is because high-ticket items are often more susceptible to chargebacks than most other businesses. As a result, fewer merchant service providers are able or willing to offer you their services.
However, at E-Commerce 4 IM, we offer specialized processing for specialized industries. We’ll easily help you accept payments for your high-ticket groups, classes, courses, and live events – even on Wix. Contact us today if you have any questions or, if you’d like, we’ll start setting up the payment processing for you right away.
Low ticket items can also cause payment processing challenges
Even experienced mastermind hosts can be caught off guard every now and again. One side of the payment processing world that is easy to forget is the merchant account sales volume limit.
If you’re selling live event tickets and mastermind services at scale without a higher ticket cost – maybe taking advantage of the massive opportunities digital events have presented since the pandemic – then it’s important to keep an eye on your merchant account sales volumes.
You can find your merchant account sales volume limit by checking the “volume” field on your merchant account application, or better yet in your approval email. If you continuously, or even sporadically, exceed your sales volume limits your bank might become a little nervous. This is because it tells your bank that your business is unpredictable. If there’s one thing banks don’t appreciate, it’s unpredictable merchants.
Don’t worry though. If you’re likely to exceed your sales volume limit, or need to re-evaluate your merchant account, contact us here. We’ll happily help you get the merchant account you need and integrate it with your Wix site.
Get the payment processing your business needs
If you need any help accepting payments on your Wix site for your live events and mastermind services, contact us today. There is no reason why you should worry about your payment processing. Not to mention that you certainly don’t need to risk a closed account or frozen funds by not using high-risk merchant services.
At E-Commerce 4 IM, we offer specialized processing for specialized industries. We’ll happily and easily provide you with the high-risk payment processing you need to accept payments on Wix. With us, you’ll get a high-risk merchant account and payment gateway that is specifically chosen for its value to live events and mastermind merchants.
If you’d like, we’ll even set up our chargeback mitigation system for you. This way, you’ll be able to proactively deal with chargebacks to avoid unnecessary issues in the short and long term.
Contact E-Commerce 4 IM. We’re here for you!