Banks and credit unions may provide check verification services, but keep in mind that their policies vary. Mobile: A mobile merchant account is more portable and allows your company to accept nutraceutical payment through credit card face to face by attaching the swiping machine to your mobile or iPad. Skip to content. These transactions require a bank account number and routing number to process. This has led the banking. 9 billion. Accept credit card payments online hassle-free. A merchant account is a specific type of bank account that allows merchants to accept payments. A merchant account is a specific type of bank account that allows merchants to accept payments. With a high average sale amount, the more “risk” there is to the processor in the event of charge backs. It also encompasses intangible goods such as subscription accounts that give clients. Instead of worrying about your merchant account being locked or lost, focus on gaining new clients, stocking new items, and growing your business with a high risk supplements merchant account. This has led to more vape shops and online vape shops while increasing the need for ecommerce merchant. After convincing people to buy dietary supplements and herbal products online, nutraceutical merchant accounts rely heavily on front-end payment gateway technology when accepting credit and debit cards for their sales. At Fibonatix, we offer comprehensive nutraceutical merchant services that prioritize both the security of transactions and the convenience of your customers. The list includes. Merchant Account for Nutraceutical Products In the event, if you are included in Nutraceutical deals, as you know that it can be hard to acquire merchant services for Nutra product sales. 06 billion ). B. Check out our nutraceutical merchant accounts. This type of credit card processing for nonprofits generally carries a transaction fee amounting to 2. Process Payments with a High-Quality Merchant Service Provider Since 2001, Instabill has been providing high-quality merchant services. These products include dietary supplements, weight-loss aids, colon cleansers, skin care products and anti-aging products. Nutraceuticals and supplements aren’t exactly “conventional”. Call 1-888-405-3093 To Get Started. If you run or are planning to start up your own nutraceutical business, you need to know all of the finer details involved with payment processing. These can all be flags for a high risk merchant account. The nootropics industry is gaining popularity again, and with it, there is a demand for nootropics merchant accounts. Here’s a closer look at the nutraceutical industry, as well as the high-risk merchant A business that accepts credit cards for goods or services. They average 1. Figures are projected to reach $358. Reduced chargebacks– We are a reputable high-risk processor that offers a chargeback management system to all our customers. eChecks. Nutraceutical Merchant Account. Merchant Account for Nutraceutical Products. Our payment solutions are designed to seamlessly integrate with your business model, whether you operate an e-commerce platform, health supplement store, or other related businesses. account through an agent, which is required to process credit card payments. 3. Direct Post OR 3 Step Redirect transactions (so you don’t have handle sensitive. What if there was a single change you could make to improve your. Nutraceutical Credit Card Processing. PayPal transactions are fast solutions that provide high levels of security and functionality that required various credit card networks including Visa, MasterCard, American. Secure your e-commerce merchant account with Qleen Pay and gain access to a reliable payment processing solution tailored for your online business. These specialized accounts can provide. These two niches have different purposes and demand a different business approach. Applying for online credit card processing account is a straight-forward process. Fortunately, it is possible to do so without hassle and worries because there are merchant account providers like HRMA-LLCHRMA-LLCMerchant Account for Nutraceutical Products In the event, if you are included in Nutraceutical deals, as you know that it can be hard to acquire merchant services for nutra product sales. The nutraceuticals industry is booming in the United States, but how is it fairing around the world? In India the nutraceutical market is growing at a rate faster than in the U. High risk nutraceutical merchant accounts are in high demand for payment processing. The label “ high risk A merchant that is considered a high risk based upon the credit,. Harbortouch Free POS. But unusually high numbers of merchants are being declined for merchant accounts in their quest to accept credit card orders. Nutraceutical Merchant Accounts. With a high average sale amount, the more “risk” there is to the processor in the event of charge backs. Accept credit card payments online hassle-free. Your customers need an integrated and secure payment gateway to purchase their supplements. Free setup and zero upfront fees. Once a nutra company is approved, payment processors set monthly processing limits for new businesses, typically between $25,000 and $50,000 per month, for the first three-to-six-months. We provide natural supplement merchant accounts for the following: Startups and existing businesses – we help all types of businesses. Nutraceutical merchant accounts are a great way for nutraceutical firms to seamlessly accept payments. if you’re interested in working with us, you can start your EMAP application below or call us at: (800) 805-4949 | Get Set-up with a Merchant Account ». Selling CBD is perfectly legal in the United States. At Fibonatix, we offer comprehensive nutraceutical merchant services that prioritize both the security of transactions and the convenience of your customers. First Name. Authorize. If you have been Previously rejected or discarded by another processor, we can help you get back on track. An EMerchant Authority nutraceutical merchant account allows you to accept all credit cards, meaning you can sell your nutraceutical products to customers from all over the world. This will ultimately make it harder for a merchant to apply for a high risk merchant account, given their negative credit history. The chargeback protection that comes with these. Power Your Business With Nutraceutical Merchant Accounts and Payments From MID Kingz Solutions — Easy, Reliable, and Secure. Merchant accounts provide entrepreneurs and individuals alike the ability to generate revenue using their own website or preferred eCommerce solution. Guaranteed CBD Merchant Accounts Approvals in 1 week. The Allied payment gateway has an industry-leading 99. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. These transactions include telephone orders (MOTO) and online. The bank-to-bank transfers direct payment platform was designed specifically for high risk ecommerce businesses including nutraceutical merchants. An appropriate label of contents is a must. Recently we. This will allow customers. Credit Score: If you are applying for a high risk merchant account for the first time, you might be asked to disclose your credit score and credit history. Unfortunately, some banks and credit card processors consider certain businesses and. High ticket merchants and merchants with bad credit. Merchants in the nutraceutical, pharmaceutical or multilevel marketing usually seek offshore or international payment processing solutions due to the generous volume caps. Membership & Recurring Billing. . Merchant Account for Nutraceutical Products : In the event, if you are included in Nutraceutical deals, as you know that it can be hard to acquire merchant services for Nutra product sales. Payment Gateway for Adult Merchants. However, these providers do not. (As as long as it doesn't contain more than 0. With these requirements in mind, businesses can qualify for a nutraceutical merchant account more quickly by working closely with their payment processor. From vitamins and minerals to probiotics and sports supplements,. Let your experts show you how to obatin a high risk Nutraceutical merchant acount, lower the number of possible chargebacks you will incur, and also prevent unnecessary fraud. Business dealing in such products is categorized as high-risk business and most conventional. Higher sales projections, lower credit scores, and inadequate financial standing may increase credit risk. The eCommerce merchant account comes with quick and easy 24/7 support. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and. The ability to integrate Easy Pay Direct with. Quick & Easy Merchant Account Setup! Contact our nutraceutical team. Gain insights into secure payment solutions. E cigs provide many of the same effects of nicotine without creating smoke, rather emitting water vapor. 5% plus 15 cents for manually keyed transactions. High ticket merchants and merchants with bad credit. What Is A Timeshare Merchant Account: Timeshare merchant accounts provide companies the ability to charge payments from customers on goods and services. Our merchant account managers offer expert advice and guidance throughout the relationship of your account and will help you prevent fraud, reduce chargebacks and increase profits. And wait. Two of the most common supplements today with difficulty in securing supplement merchant accounts have been SARMs and Peptides. This is a private code sent to MasterCard account holders’ mobile numbers or email addresses that provides additional security to every transaction. Acquiring and maintaining a reliable merchant account is a significant challenge for nutraceutical businesses. Moneck Payment Solutions provides reliable high-risk merchant account solutions to the Travel Industry as a whole such as, travel agencies, travel services, vacation packages, and a multitude of other travel businesses and companies that are considered. Having access to a global market is something high risk merchant processors can provide to business owners, new or established. We also partner with 3 rd party vendors to provide affordable merchant accounts and credit card processing services. An ACH merchant account allows. SMB Global: Best for international merchants. PayFasto provides nutraceutical merchant accounts for businesses with the best terms on the market and we ensure you get a bank specializing and understanding high risk industries like credit card processing for nutraceuticals. Matt Irwin • Jan 06, 2023. A Hold Back, also known as a reserve, is a pre-determined amount that is set on some types of merchant accounts. Further projections have the U. For credit card processors, the nutraceuticals industry presents both unique opportunities and challenges. Open, effective communication is. But what happens if your merchant account application keeps getting rejected? Unfortunately, this is a common occurrence for debt collection businesses. This alert system helps keep. Why we like it: Square offers payment services based on a flat-rate processing model without a monthly. Nutraceuticals Nutraceuticals With health and beauty dominating our youth-oriented culture, opportunities abound for companies that offer subscription nutraceuticals, vitamins and free trial/continuity memberships. PayDiverse is a nutraceutical payment processor that provides nutra merchants with premium high-risk nutraceutical merchant services, credit card processing & merchant approval. Credit Card Processor Merchant Services Herbal Supplements and Nutraceuticals . Traditional financial institutions may be wary of the industry's high-risk label, making it essential to seek out merchant accounts specifically tailored to the needs of nutraceutical e-commerce. Allow 3-5 business days for approval of US nutraceutical credit card processing accounts. Organizations that deal with a large number of transactions monthly are advised to avail. High Risk Merchant Accounts: Many businesses selling products or services need to be able to accept payments from customers through non-cash methods such as credit cards, ACH, and eCheck. Most financial institutions will provide a list of the legal documentation along with internal documents required the payment card networks. The list includes. Nutra merchant accounts are in high demand and finding the right high-risk eCommerce merchant account nutraceutical provider is of utmost importance. 81% for a credit card and 0. We help business owners like you keep their focus on making money. The statements will display how you collect funds from people. Therefore, similarly to all company loans, your company’s previous conduct will make it possible for you to get more credit. During the application process, you’ll provide business details and financial. ePay Global is a trusted name in the market for providing a high-risk payment gateway for the all types of business, with specialization in Nutraceutical Merchant Account. Exploring the Link between Nutraceuticals Business Models and High-Risk Merchant Accounts The nutraceutical industry has experienced significant growth in…Herbal Products and Nutraceutical Merchant Account Nutraceutical products have become a much sought after industry as a one-time customers generally turns to a recurring customer. In 2018, seven democratic senators launched legislation to slow down the “revolving door” between major pharmaceutical firms and federal bureaus like the Drug Enforcement Administration (DEA) that control them. At a compounded rate of 21% per annum, this dream will most likely come true. But then, without a merchant account, you will not be able to Accept Credit Card and debit card payments. Nutraceutical companies often use a nutraceutical payment gateway to intelligently route transactions to multiple credit card processors. This essential component is crucial to the success or failure of practically every business. A high risk merchant account can provide processing for companies with a slightly high tolerance for these types of issues. Chargebacks occur whenever a customer returns an item or they pay with a bad check or over-extended credit card. These businesses need a trusted company like PayKings to provide them with high risk credit card processing. This includes information on individual transactions and batch totals with comprehensive reporting tools. But. Nutraceutical companies rely on eCommerce and Mail Order/Telephone Order (MOTO) sales to scale their businesses. EN; SV; RU; Call: 800-616-8415. Once Vector is established as your payment processor, you must connect the approved merchant account setup with your online store shopping cart. This growing interest has led to a flourishing industry, where businesses must ensure they have efficient merchant account processing systems in place to seamlessly accept credit cards and provide. 1-800-621-4893. SMB Global: Best for international merchants. Large Average Ticket Size. Nutraceutical. This is a company that will provide you with the ability to accept credit card payments. Third is vaping and e-cigarettes. Merchant Stronghold specializes in high risk and offshore merchant accounts. The nootropics industry is gaining popularity again, and with it, there is a demand for nootropics merchant accounts. Typically, our merchants are able to begin accepting credit cards within 3 business days. Businesses that have a more than 3% chargeback ratio can have their merchant accounts terminated by credit card processors. Contact us today! Tags: Credit card processing for nutraceutical business. International merchant accounts, on the other hand, take 7-14 days to be processed for approval. Nutraceutical businesses come under the category of high risk. The most common merchant services companies are Square, Stripe, and Braintree. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Obtaining nutraceutical credit card processing is a challenge sellers face. All of this helps further the idea that your high-risk business needs a payment processor who understands high-risk businesses and has the experience to help them set up accounts that work for. To save yourself and your business a headache, you need to locate a high risk merchant account processor. True PIN Debit (NOT Cashless ATM) and eCheck services that are 100% compliant and transparent. The Best Merchant Account for Nutraceutical Businesses . Nutraceutical Merchant Accounts. Our goal is to provide transparent pricing, ensuring that you receive excellent value for your payment processing needs. In a certain way a tech support merchant account is credit that your processor makes available to your company. The Many Business Types in the Nutraceutical IndustryMerchant Accounts; Payment Gateways; Working Capital; Chargeback Protection; Check Processing; POS Systems; High Risk Industries; Ecig Merchant Accounts; P. 1 billion. Your high-risk status will depend on your type of business, your credit score, processing volume, and more. The list includes solutions and best practices on how to get accepted for a merchant account. High Risk Pay is a comprehensive solution perfect for nutraceutical merchants. Our specially. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. Although the nutraceuticals industry has hit the ground running, a few things are holding the industry back. Minimum processing: $5,000 minimum for national. A high risk business account is really a cost handling bill of the business that is acknowledged to be always a high chance for just about any business. Nutraceutical businesses are among the high-risk ones – those susceptible to fraud, chargebacks, and strict legal regulations. The nutraceutical industry is prone to chargebacks for a variety of reasons, causing merchant A business that accepts credit cards for goods or services. Travel Merchant Account. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. Ideal for businesses with a wired internet connection and a traditional storefront, these sales typically have the lowest fraud and chargeback risk and are therefore. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. Create a proper label of contents. S. Yet the reality of the situation is such that these natural and synthetic supplements and drugs, used primarily. Free application with no obligation. All Nutraceutical Merchants welcome. APPLY NOW 866. You're in control. acquirer Any bank, financial institution, and. Because credit card processors may not approve your application unless you can provide proof that your products are sourced from a GMP-certified manufacturer. Payment Processing Barrier to Growth for Nutra Merchants. 25. 1. We will also give you a few tips on how to choose. Typically, our merchants are able to begin accepting credit cards within 3 business days. To get a high risk merchant account for your nutraceutical business, you need to apply to ahigh risk merchant services provider that has a bank sponsor relationship that’s willing to accept nutraceutical businesses. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. The most common merchant services companies are Square, Stripe, and Braintree. Hospitality;Credit Repair Merchant Account; Debt Relief Merchant Accounts;. Vape and E-Cig Merchant Accounts. Contact us already today if you are interested in getting nutraceutical merchant account by clicking on “Get a quote. A vacation club merchant account provides vacation clubs the abilities to accept payments on memberships from their customers. An EMerchant Authority nutraceutical merchant account allows you to accept all credit cards, meaning you can sell your nutraceutical products to customers from all over the world. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. 49 billion by 2028. To get a merchant account, one must submit an application with a merchant account provider. MaxPayNow offers Nutraceuticals Merchant Accounts and payment solutions for the Nutraceuticals Industry. Are you in the process of starting an herbal supplement business and need a merchant account? Or do you have an established business and are simply looking for better merchant account rates? TTG would be glad to help. S. Nonetheless, experienced payment companies. You'll need to provide a wide range of documentation pertinent to your opening an account. While recurring/subscription billing services are increasingly common, they can still be viewed by banks as a high risk. It takes place after a payment authorization officially transfers a customer’s fund into the merchant account. Get a secure Nutraceutical Merchant Account with QuadraPay. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. A nutraceutical merchant account is a specialized payment processing solution designed specifically for businesses operating within the nutraceutical industry. Merchants that are operating high-risk businesses online will also need to use the services of a payment gateway to accept bank card information from customers. Nutraceutical merchant accounts have also assisted the nutraceutical industry in a majority of ways. While following the steps above is bound to set you on the right path towards obtaining a weight loss supplement merchant account, your chances of merchant account approval dramatically increase with the help of high-risk payments experts. To get a merchant account, one must submit an application with a merchant account provider. Get approved for a nootropic, supplement and nutraceutical merchant account. With access to hundreds of US and international banks, all payments are covered. At DirectPayNet, we. The rapid expansion of the nutraceuticals industry –food and drinks with possible health advantages – is driven by current shopper trends. Merchant Processing Advisors can provide your company with a merchant account at a competitive rate along with the services and features that a nutraceutical company needs, such as the ability to handle multiple currencies, PCI compliance, integrated shopping carts, value added software, fraud and chargeback protection, and secure payment gateways. Nutraceutical merchants often have trouble finding online credit card processing and a reliable nutraceutical merchant account, which seems ludicrous considering that nutraceutical industry, or “nutra” industry as a whole brings in a yearly revenue totaling $181. The United States has the largest number of nutraceutical. A bad credit merchant account is a specialized payment processing solution designed specifically for businesses with poor. Typically, a merchant account is used for credit card processing and eCheck processing, but can be used for a variety of payment processing needs. Despite […]It all boils down to time. nutraceutical industry steadily increasing from $34. More importantly, Easy Pay Direct would love to play it’s part in helping you achieve your goals and service your consumers smoothly. Application for ecommerce payment processing always free with no obligation. Benefits of a TTG. Our TMF or MATCH list merchant accounts allow you to get back to receiving credit card and eCheck payments - without exorbitant fees or excessive scrutiny. 673. Minimum monthly processing to qualify for an account is $50K. This type of merchant account allows businesses to accept credit and debit card payments from customers and process them securely. Get Started Today. How to Find Your Merchant ID Number. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Even US based businesses operating internationally. Diversify your nutraceutical merchant accounts to mitigate risk. As compared to credit card and debit card processing, ACH processing has a lower cost. How do you go about getting a high risk merchant account for your nutraceutical business? Glad you asked. This meteoric growth has propelled the industry into new frontiers, most notably in payment processing. The business requires a safe merchant account solution but many of the banks do not prefer to provide them the account. Nutraceuticals and supplements aren’t exactly “conventional”. Mitigating Risk with High-Risk Merchant Accounts. One gateway, One Application, One Point of Contact – multiple merchant accounts. Membership. More. Without a mer. Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. Accept credit card payments and monitor your processing with your nutraceutical merchant account. Nutraceutical Merchant Account. If you are finally looking forward to spreading your business worldwide, it is important to have. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. Payment processors use this information to assess your eligibility for a high risk merchant account within the nutraceutical industry, taking into account various risk and market factors. A subsidiary of Visa, Authorize. Contact us to learn more about our services or start the application process today. Here’s a closer look at the nutraceutical industry, as well as the high-risk merchant A business that accepts credit cards for goods or services. Why is it so? They deal directly with the trusted banks. In certain situations, we can expedite the setup process in 1 business day. As a result, many merchants turn to offshore non-US processing solutions in order to remain in business. Protect your nutraceutical business from exorbitant bank holds and reserves. In fact, our low rate guarantee ensures you’re getting the. TailoredPay also works with both small and large businesses across multiple industries and sectors. Easy Pay Direct offers top tier merchant account services with outstanding customer support. If you offer free trials, negative. So, merchants in this industry need to find a way to obtain one. Nutraceutical Merchant Accounts: Nutraceuticals provide consumers with continuous monthly product shipments, from weight-loss supplements to energy boosters. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. In fact, transactions happen almost instantly. This implies the. Likewise, the sexual enhancement supplements market is expected to reach 324 million USD by 2025. This is where the Nutra merchant account comes into work. Get Payment specializes in offering high risk nutraceutical merchant accounts, tailored to meet the unique needs of businesses in this industry. We can provide your business the ability to accept credit cards with one of our merchant account providers. If you sell supplements, diet pills, or any vitamins online, you’ll want a payment processor that keeps your account running. Therefore, a high risk merchant account is required for these retailers to accept credit & debit cards. The Main Benefits to the API: Supports all types of transactions from sales to credit and voids. This surge has nurtured a thriving industry, where businesses must adopt robust merchant account processing systems to seamlessly accept credit cards and offer customers convenient payment choices. Host Merchant Services: Best for large high-risk businesses. SecureGlobalPay can assist with High-Risk Merchant Accounts for Nutra, Diet Programs, Weight Loss Supplements, and all Nutraceutical Related Businesses. A dedicated credit repair merchant account and credit repair payment gateway can simplify the process. +1 (970) 379-5216; Mon - Sat: 8AM - 6PM MT; Services. When a customer makes a payment in this way, otherwise known as a card-not-present transaction, the money is processed into the merchant account before passing. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy, seamless. Currently the. PRODUCTS & SERVICES. This has left numerous organizer or. Consider factors like rates, customer service, experience in the nutraceutical industry, and their ability to handle the unique needs of your business. High Risk Nutraceutical Merchant Accounts. Check out our nutraceutical merchant accounts today and. Why You Need Nutraceutical Credit Card Processing. services that are available. Include your business email, contact numbers, and physical address if applicable. This article discusses payment processing solutions for nutra merchants. Disclosures: Provide a ‘Consumer Credit File Rights under State and Federal Law’ disclosure to customers before signing any contracts. These limits are typically between $25,000 and $100,000 per month. Get the. 9% CAGR and an estimated $5 billion USD growth between 2016 and 2024 (up to $6. The U. Contact us by phone or live chat for faster service. Increase your nutra merchant account stability with the right merchant account adviceNutraceutical merchant accounts are categorized as high risk mainly because of the number of chargebacks in the space. International businesses selling their services and products within the US. Our Bank and Processor have worked within federal regulations to create the first traditional card processing solution for the industry. Tech Support Merchant Accounts. Menu and widgetsWe specialize in Credit Card Processing and ACH Payment merchant services for the Nutraceutical industry. +208-806-2953. Ecommerce merchant account accounts are approved in 1-3 days. Bank transfers are the safest online payment method available for nutra merchants. You need EMB. However, without the right merchant processing solution, your customers can become frustrated, and you can lose money through lost businesses. For male enhancement. For the last few years, Nootropics, sometimes referred to as “smart drugs,” have been adding to the profits of the nutraceutical merchant account industry in ways that, up until now, could only be imagined. Membership & Recurring Billing With a high-risk merchant account, you can confidently promote your nutraceutical products, services, and subscriptions, without jeopardizing. Then there’s the real-time transaction reporting of our online merchant portal and Fraudcast. In certain situations, we can expedite the setup process in 1 business day. A government-issued ID like a state-issued driver’s license. Choosing an ideal payment gateway for your nutraceutical company whittles down the risks that come with processing. Nutraceutical merchant accounts from High Risk Credit Card Processing Accounts. You will have to wait for 3-5 days for your credit card processing account to be approved. Durango Merchant Services: Best for highest-risk businesses. Once a high-risk nutra merchant account is approved, payment processors set monthly processing limits. If. Unfortunately, many credit card processors would lean toward not to work with nutraceuticals associations. These supplements have experienced problems due to their use as a muscle-building steroids. However, there are various high-risk merchant accounts that nutraceutical companies can apply for to process credit cards through their website and avoid expensive FDA studies. Offshore or international merchant accounts allow you to accept various payment types. Credit Score: If you are applying for a high risk merchant account for the first time, you might be asked to disclose your credit score and credit history. Common Types of Nutraceuticals. Accepting ecommerce & recurring billing Nutraceutical businesses, they offer US & Offshore direct accounts, with integrated gateway and chargeback avoidance. Los Angeles, CA (PRWEB) January 26, 2015 -- eMerchantBroker is proud to announce merchant account support for all businesses dealing in the nutraceuticals industry. Because credit card processors may not approve your application unless you can provide proof that your products are sourced from a GMP-certified manufacturer. Without a mer. This is because nutraceuticals and supplements are more prone to chargebacks than other products, especially when they are sold over the internet. A merchant account is a specific type of bank account that allows merchants to accept payments. Their applications for opening such an account may be rejected or they may be offered to pay high charges to cover the potential risks of the bank. To get a merchant account, one must submit an application with a merchant account provider. Nutraceutical Merchant Account. With access to scores of US and international banks, all payments are covered. At SeamlessChex, we provide solutions that help your business get back on track. 20 likes | 21 Views . Plus, we offer a wide range of automated billing and. Accept Credit Card Payments – as with most online transactions, the credit card payment option is expected in your online pharmacy. 4 billion as of 2015, and is estimated to reach $204. Or Call: 800-993-6300. A retail nutra merchant account allows your business to accept face-to-face credit and debit card payments via a credit card machine or point of sale system. Accept credit card payments online hassle-free. It enables nutraceutical merchants to securely process payments for a wide range of dietary supplements, vitamins, herbal products, and other nutraceuticals. See moreApply for a Nutraceutical Merchant Account to Accept Credit Cards. TranZlytics offers high risk merchants a Gateway and HUB built from the ground up for high-risk and CNP merchants. 3099. So what’s the issue? Like many other nutraceutical sub-categories, nootropics are considered a high-risk according to card issuers such as Visa. We know you’ve probably thought that, though, which is why you should switch to a high-risk nutraceutical merchant account, but more on that later. First MCS Merchant Services Menu Toggle. Mobile: A mobile merchant account is more portable and allows your company to accept nutraceutical payment through credit card face to face by attaching the swiping machine to your mobile or iPad. Nutraceutical merchant accounts are a great way for nutraceutical firms to seamlessly accept payments. You should expect to pay a monthly fee in addition to a transaction fee, like how a traditional credit and debit card merchant account would work. Setting up a merchant account is simple. According to statistics from the National Institutes of Health (NIH), 23 percent of men use male enhancement supplements. A merchant account is a specific type of bank account that allows merchants to accept payments. Demand for nutraceutical products shows no signs of slowing down. Merchant Stronghold have its Head quartered in Clearwater, Florida. 99% uptime, providing our clients the reliability required to operate their business merchant accounts without concern. Nutraceutical Merchant Accounts 2018. PayFasto provides nutraceutical merchant accounts for businesses with the best terms on the market and we ensure you get a bank specializing and understanding high risk industries like credit card processing for nutraceuticals. Our merchant card accounts allow you to accept all major credit cards, including Visa, MasterCard, Discover and American. Get approved for your nutraceutical merchant accounts! Learn MorePaymentCloud is a merchant account provider that specializes in credit card processing solutions for high risk business types. To get a merchant account, one must submit an application with a merchant account provider. Businesses are often prohibited from accepting payments and processing transactions by underwriting banks. There are many companies out there in the market providing Nutra payment gateway and nutraceutical merchant account. We take a consultative approach to analyze your situation and determine the best options for your merchant account. The types of businesses approved for merchant services can vary between the different merchant-acquiring banks. It is the most essential prerequisite to the success of any telemarketing environment. 98% approval rates for high risk credit card processing. This is because nutraceuticals and supplements are more prone to chargebacks than other products, especially when they are sold over the internet. The Smart Drug Industry. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. For this, the merchants depend on credit card payments from customers to make money and support growth. This prohibition can be for several things, including the owner’s financials or credit background to the sales history, transaction types, or industry that the business operates within. It is difficult to get a merchant account or payment solution for Nutraceutical businesses simply because of their high-risk nature. The nutraceutical industry is risky for most banks. International businesses selling their services and products within the US.