As a life coach, your main goal is to help clients reach their full potential. But let’s be honest, getting paid for your hard work is pretty important too.
If you’re looking for a way to improve and speed up your payment process as a life coach, be sure to keep reading.
We’ll introduce you to some of the most reliable platforms you can use to spend less time chasing payments and more time doing the things love.
Here’s a quick summary of the ones we’ll cover:
- Honeybook – Best Comprehensive Tool
- Paperbell – Best for Managing Various Payment Plans
- Stripe – Best in Security
- PayPal – Best Quick Solution
- Bonsai – Best for Financial Management
- Simplero – Best for Promotions
- Practice – Best Auto-Pay
- CoachVantage – Best for Adding Multiple Recipients
- CoachAccountable – Best for Handling Overdue Payments
- Profi – Best for Overtiming Charging
If you’re interested in learning more about what some of these software can do for you, check out this article.
Table of Contents
1. Honeybook
Honeybook is a powerful business management platform that’s especially useful for coaches, small business owners, freelancers, and creative professionals.
It offers a range of features to help you manage administrative tasks and client relationships seamlessly. This includes tools for client management, project tracking, scheduling, contracts, proposals, invoicing, and payments.
If you’re a coach, HoneyBook could be a great payment processing solution. It combines payment processing with other essential business management tools, saving you the hassle of juggling multiple software subscriptions.
The platform lets you create professional-looking invoices and contracts and automate payment reminders and recurring invoices.
Our Honeybook review can fill you in on all the other features.
- Pricing: Starts at $16/month with an annual subscription (if you’re a new subscriber, you can get 50% off with our link)
2. Paperbell
One of Paperbell‘s best features is its ability to manage various payment plans. Whether you offer one-time sessions, packages, or subscriptions, you have the flexibility to price your services as you see fit.
You can also automate payment reminders, manage recurring payments, and track all your transactions in one place.
Moreover, Paperbell integrates payment processing with other essential business functions, such as scheduling and client management. When a client books a session, the payment process is triggered automatically.
However, do note that while Paperbell covers the basics of payment processing very well, it might not offer the advanced features of some standalone payment processors.
If your coaching business requires complex payment structures or extensive customization, you might need to look into more specialized solutions.
Be sure to check out our Paperbell review to learn more about this platform.
- Pricing: $47.50/month with an annual subscription
3. Stripe
Stripe is a leading online financial and payment processing solution widely used by businesses of all sizes, including coaching businesses.
One of the great things about Stripe is how easy it is to integrate with your website or coaching platform. Clients can make payments directly on your site, creating a smooth and professional experience from booking to payment.
It allows you to accept numerous payment methods, including credit / debit cards and wallets like Google and Apple Pay.
Security is a major plus with Stripe. The platform uses advanced encryption and fraud detection technologies to protect your transactions
There are no monthly fees, and you only pay a fee when you make a sale.
The catch is, a lot of coaching platforms already use Stripe and come with tons of extra features. So if you’re looking for something more comprehensive, might as well choose all-in-one platforms like Honeybook and Paperbell.
- Pricing: 2.9% + 30¢ per transaction for domestic cards
4. PayPal
One of the main perks of PayPal is that it’s super easy to set up. You can quickly create an account, link it to your bank, and start accepting payments almost immediately. Plus, a lot of people already have PayPal accounts, which makes it convenient for clients.
PayPal also offers invoicing tools, which can be really handy for coaches who need to bill clients for sessions or packages. And like Stripe, PayPal has strong security measures in place to protect your transactions.
On the downside, PayPal’s fees can be a bit higher than some other options, and its customer service is sometimes criticized. It also lacks other functionalities besides processing payments.
- Pricing: 2.59% + 49¢ per transaction for debit and credit cards
5. Bonsai
Bonsai is another all-in-one business management platform designed specifically for freelancers, small business owners, and coaches. It combines essential tools like invoicing, contracts, proposals, and payment processing into a single, easy-to-use interface.
For coaches, its payment processing features are particularly beneficial, allowing you to send professional invoices and accept payments via major gateways such as PayPal and Stripe.
It also has a full package of financial management functionalities, including streamlining taxes, bookkeeping, and accounting.
Bonsai simplifies financial management by tracking your income and expenses in one place, giving you a clear overview of your finances. Its contracts and proposals tool allows you to draft and send contracts directly through the platform, where clients can review and sign them without hassle.
Read about the rest of its features in our review.
- Pricing: Starts at $21/month with an annual subscription
6. Simplero
Simplero streamlines the payment process by integrating with major gateways like Stripe, PayPal, and over 120 others.
You can set up one-time payments, recurring subscriptions, and even payment plans, which is excellent for offering flexible options to your clients.
When running a sale, you can use their Campaign Pricing feature to customize pricing durations, set link expirations, and integrate coupon codes.
Post-purchase, features like Upsells, Downsells, and Order Bumps entice customers to make additional purchases.
If you’re looking to add excitement to your promotions and maximize revenue, Simplero might be what you’re looking for.
You can find out more about this platform in our in-depth review.
- Pricing: $59/month with an annual subscription
7. Practice
Practice is a great platform if you’re a coach, therapist, or any service-based professional looking to streamline your business operations. It brings everything together in one place—client management, scheduling, communication, and, importantly, payment processing.
You can easily send invoices, accept payments through credit cards or bank transfers, and keep track of all your financial transactions.
With Practice, you can create custom packages and payment plans to suit your business model. This includes selling packages of sessions or creating subscription-based services, with the ability to track the usage of these packages.
You can also set up recurring payments for clients on subscription plans or monthly retainers.
If clients pay you in person or through other methods not directly processed through Practice, you can manually mark invoices as paid to keep your records up to date.
However, it’s worth noting that Practice only integrates with Stripe. If you prefer PayPal or other payment processors, you might need to consider the alternatives in this list.
Be sure to check out our full Practice review.
- Pricing: Starts at $4/month with an annual subscription
8. CoachVantage
CoachVantage integrates seamlessly with PayPal and Stripe, allowing your clients to pay using various methods, including credit cards and direct transfers. Plus, it doesn’t charge additional fees on top of what PayPal or Stripe charges.
Another advantage of this platform is that it includes features for adding multiple recipients to invoices, which is particularly useful if, for example, a company is paying for an employee’s coaching sessions.
The platform allows clients to make payments with a single click. Clients can access a secure dashboard to view and pay invoices, schedule sessions, and sign contracts without hassle.
It also supports both ad hoc and recurring invoices, which can be sent automatically on a predefined schedule.
Learn more about CoachVantage in this review.
- Pricing: $26/month with annual subscription
9. CoachAccountable
CoachAccountable supports Stripe and Square for processing payments (with no additional processing fees), allowing clients to pay invoices directly within the platform without needing to go to an external site. Authorize.net was previously supported but has been phased out.
It does not store sensitive credit card information but uses unique tokens provided by Stripe and Square to handle transactions securely and ensure PCI compliance.
With CoachAccountable, you can create and send both one-time and recurring invoices, as well as charge for subscriptions and memberships.
You can also sell your coaching services directly from your website, social media, or even your email newsletter, making the payment process incredibly simple for your clients.
The unique feature we hope you won’t need to use is the Unpaid Invoice Lockout feature. Activate it, and CoachAccountable will restrict client access when overdue payments are not settled.
Want to know more about CoachAccountable? Read our full review.
- Pricing: Starts at $20/month
10. Profi
Similar to most tools on this list, Profi integrates with Stripe and PayPal. You can easily set up one-time payments, installment plans, or subscription-based payments tailored to your services.
The system also supports automated recurring payments and allows you to create and manage customizable invoices.
Detailed financial reporting tools help you track your earnings, monitor payment statuses, and analyze revenue. Reports can be customized with various filters and downloaded for further analysis.
One unique feature of Profi is that if you hold live sessions, you can put to use the Overtime Charges feature. This will automatically bill your clients for each extra minute when your session goes over the scheduled time.
Profi.io is suitable for both solopreneurs and bigger teams, making it an ideal solution for growing businesses. You can find out what else Profi.io can help you with by checking out this review.
- Pricing: Starts at $49/month
Conclusion
With these payment processing solutions, you can simplify your financial tasks and spend more time doing what you love.
If you’re interested in exploring life coaching platforms that offer all-in-one solutions, check out our article on the best software for coaches.
This article provides a detailed overview, including the full list of features, pros and cons, free trials, and pricing information, helping you make an informed decision for your coaching business.
The Life Coach Magazine staff is your team for high-quality content on topics from personal development, to coaching tips, to how to grow your coaching business.
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