At ACH Payments we have spoken with a number of martial arts studios and have come to believe that the billing solutions being advertised/touted in the many publications are NOT in the studio owner’s best interest.
The majority of providers charge % fees for ACH transactions. The martial arts business is not high risk and typically the studio should NEVER pay a 2-4% fee [ or any percentage] on tuition charges. Credit card rates that should average 2-3% charged at 5% were common as well. Bottom line was studio owners were paying WAY too much in fees.
We believed we could offer a better solution and approached a major magazine publisher that delivered information to studio owners. When they looked at the advertising we proposed [exposing billing overcharges] they declined publication.
It seems there is widespread collusion to keep martial arts business people as uninformed as possible to billing options.
To view a white paper authored by a studio owner like you who examined the various martial arts billing and payment solutions best fit for their studio, complete the form below to download.