Payment Processing Advocacy Service
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Payment Processing Advocacy Service

Inspired by a conversation on:

Coaching Inc with Tom Krol

Coaching Inc with Tom Krol

CIP - S2 - 050 - Why High Fees Are the Least of Your Payment Processor Problems with Ryan Ellefsen and Jason

Host: Tom Krol

Timestamp: 06:15 - 07:07

Listen to Episode • View Podcast • All Ideas from Coaching Inc with Tom Krol

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Direct Quote

"Stripe is perfect if you are running a $19.95 recurring billing product. That's what Stripe wants."

Summary

The podcast highlights the challenges faced by coaches and consultants when using conventional payment processors like Stripe and PayPal, particularly when high-ticket items and future deliverables are involved. A viable business idea is to create a payment processing advocacy service tailored for coaches and consultants. This service would not only help users set up payment processing accounts but also offer ongoing support to navigate the complexities of payment processing, ensuring clients understand the risks and optimize their fees. The advocacy service would specifically assist in managing account restrictions, chargebacks, and future deliverables that traditional processors may flag. The target audience includes coaches and consultants who often face account freezes and high chargeback rates. The service can leverage existing tools, like InCheck’s Mitigator program, to prevent chargebacks proactively.

Categorization

Business Model
Service
Target Founder
Generalist
Difficulty
Medium
Time to Revenue
1-3 months
Initial Investment
< $100

Scores

Clarity
8/10
Novelty
7/10
Feasibility
6/10
Market Potential
8/10
Evidence
7/10
Overall
7.2/10
Found on August 28, 2025 • Analyzed on August 28, 2025 4:19 AM

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How should I validate this service idea before building it?

2:34 PM

Great question! For a service idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Generalist to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your medium difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 1-3 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available < $100
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

2:37 PM

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Similar Ideas

Chargeback Prevention Tool for Coaches

The discussion around chargebacks reveals a significant pain point for coaches and consultants who often face disputes from clients leading to revenue loss. An actionable business idea is to develop a chargeback prevention tool specifically designed for the coaching industry. This tool, similar to InCheck's Mitigator, would engage with banks to resolve disputes before they escalate into chargebacks, thus protecting the merchant's reputation and finances. The software can automate communication with banks and provide analytics to help coaches understand their chargeback patterns. The target audience includes online coaches and consultants who frequently deal with high-ticket transactions. By offering a subscription model for access to this chargeback prevention tool, entrepreneurs can create a steady revenue stream while providing immense value to their users.