First Name. residents have become more focused on preventative health and are willing to spend a lot of money on vitamin supplements and other nutraceutical items. Among the fees our merchant partners can expect to pay, contingent on the acquiring banking solution we arrange, include: Discount rate; Transaction fee; Merchant account feeWe offer high-risk merchant accounts in a variety of industries. S. No longer will customers call to purchase or. You need a dependable high risk merchant account provider for your nutraceutical merchant account. Better skincare. 1. A nutraceutical merchant account is a type of merchant account that is specifically designed for businesses that sell nutraceutical products, such as dietary supplements, vitamins, and other health-related products. The overall fees include:Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. How to Avoid Having your Nutraceutical Merchant Account Closed & TMF? Moneck Payment Solutions. Credit card processing accounts for US nutraceuticals might take up to three working days to get approved in the United States. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. Free setup and zero upfront fees. 3% in recent years, and in 2015 the industry grossed $74 billion in the United States alone. To get a merchant account, one must submit an application with a merchant account provider. 20-$1. Nutraceuticals are highly regulated products that require specialized payment processing solutions. If you take a. A simple, easy to find return or refund policy. As specialists in high risk payment processing, we have the industry relationships necessary to help you obtain or improve. Cross-border transactions are also a risk factor and can make it difficult to obtain a merchant account. In fact, the industry is estimated to grow to a staggering $671 billion by 2024 worldwide. Due to regulatory and compliance concerns, these businesses face challenges in finding suitable merchant accounts and payment gateway solutions. A nutraceutical merchant account furnishes business owners with the capability of accepting credit cards and debit cards for payment processing in the nutraceutical industry. With its high approval rates, secure payment processing, and nutraceutical-specific features and services, PaymentCloud offers everything that nutraceutical business owners need to accept credit card payments from their customers. The whole process can be completed in as little as 48 hours between application to processing payments. 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. Accounting for over $60billion in annual revenue, the nutraceutical market is expected to surpass $100billion by 2024. Banks and traditional lenders rather. Our payment gateway services give you access to information regarding your merchant account solutions. Credit card companies charge payment processing fees for each ecommerce transaction. They were super responsive, they asked great questions. Every merchant has a different ID number, much like every individual has their tax ID number. Reliable Payment Processing: With a high risk merchant account, a credit repair agent can ensure reliable and secure payment processing. Funds leave the customer’s account and get deposited into the merchant account. Those with legitimate pharmacy licenses can ensure a smooth process in securing a merchant. A payment gateway is an Internet application offered by merchant services providers for use to authorize high-risk credit card and debit card payment transactions. Reasonable processing rates. Nutraceutical-friendly merchant partners should be sought from the start. The nutra industry has seen an annual growth rate of about 6. ACH as a payment method is growing in popularity among merchants in most businesses using check processing services. 3 months of business banking statements. 28 billion in 2019, according to Grand View Research. After decades of processed foods and unhealthy habits, nutraceuticals and the plant-based food revolution is gaining traction, though many are wary of medicinal uses of some of these products for a variety of reasons. Further projections have. It can be challenging to navigate the payment processing restrictions that apply to nutraceuticals. Once the application is completed, the merchant will be required to have the following items: Completed website. 02 billion USD over the next six years – at a compound annual growth rate (CAGR) of 9. Here is an overview of the process to set up a merchant account for online gaming: Research and choose a payment processor : Look for a payment processor that specializes in online gaming and has experience in dealing with the. They also struggle to secure the financing they need to grow their business and cover costs. Stay processing and keep track of your transactions with your nutraceutical merchant account. We welcome all merchants and our high risk merchant account services are easy to operate. Internet based Nutraceutical Product transactions are conducted on our 100% secure platform. Step 4: Sell your nutra. They offer point-of-sale solutions, online marketing tools, an online payment gateway, and virtual terminal services. Accepting checks requires using the customer’s bank routing number and checking account number to debit funds without a physical check present successfully. customer history vault, and the most efficient Nutraceutical Merchant Account available in our industry. However, we commit to provide the lowest rate to your merchant account. A Merchant ID number (MID), is a unique code assigned to a merchant by their payment processor. Whether businesses require a virtual terminal or only need a gateway, Allied Payments can help. Nutraceutical merchants often have trouble finding online credit card processing and a reliable nutraceutical merchant account, which seems ludicrous considering that. In e-commerce, a shopping cart is a software application that allows customers to select and purchase products or services from an online store. First Card Payments Ifyou’re starting a nutraceutical business, you’ll probably find that setting up payment processing Read: Nutraceuticals Business Guide. Here’s how our reliable and specialized payment processing solutions can give your business the confidence to scale quickly: 25+ Acquiring Banks to Choose From; Dedicated and Responsive Payment Experts; Flexible and Scalable Merchant Accounts; Chargeback Reduction Solutions; Set Up Your Nutraceutical Merchant Account Today. Merchant Services For Travel & Entertainment Business - National Merchants is your trusted partner and advocate in credit card processing. Travel Merchant Accounts are a type of account that is used by travel agencies, tour operators, and other travel-related businesses to process credit card transactions. The bank-to-bank transfers direct payment platform was designed specifically for high risk ecommerce businesses including nutraceutical merchants. Durango Merchant Services: Best for highest-risk businesses. Easy Pay Direct can help you get an adult merchant account and credit card processing services for your high risk business. Based in Lindon, Utah, National Processing is a merchant account provider that serves both standard-risk and high risk merchant sectors. That timeframe can vary based on your business and your credit history. The merchant ID is used for. With. Once a high-risk nutra merchant account is approved, payment processors set monthly processing limits, typically between $25,000 and $100,000 per month, for the first three-to-six-months. We also partner with 3 rd party vendors to provide affordable merchant accounts and credit card processing services to high risk business around the word. Nutraceuticals tend to prolong the aging process, increase life expectancy, foil chronic diseases, and generally improve our wellbeing by boosting the functions and performance of the human body. DigiPay knows how to navigate the high-risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified. Topping the list of high-risk businesses, the nutraceuticals market value is expected to reach an estimated USD 454. For more information or to request that one of our agents contact you in regards to a payment processing account, please fill out the form on the right hand side of the page. A high-risk merchant account will accept the risk and allow you to process credit cards. Most banks in the world dread dealing with nutraceutical industry. Nutraceutical merchants that are doing well have a high volume of sales, which naturally creates more opportunities for chargebacks, fraud, and other problems to occur. It’s perfect if chargebacks are tiny. If you take a nutritional supplement, you. It enables nutraceutical merchants to securely process payments for a wide range of dietary supplements, vitamins, herbal products, and other nutraceuticals. The merchant account provider will usually require a high-risk account to process these payments. We approve the accounts, manage risk, clear payments, and pay the forex merchants. Major studies project that the global dietary supplements industry will grow to $278. ECheck Processing; Fraud Protection. The rapid expansion of the nutraceuticals industry –food and drinks with possible health advantages – is driven by current shopper trends. Don’t start without identifying a target market. Call First MCS at (866) 673-3099 to learn more about how we can help businesses in the nutraceuticals industry in the Chicago, IL area. This oil offers protein-rich, polyunsaturated fatty acids to help lower cholesterol and improve the health of your brain and nervous system. A merchant account is a specific type of bank account that allows merchants to accept payments. In the thriving nutraceuticals digital marketplace, the role of advanced payment systems is crucial for businesses to thrive. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. To get a merchant account, one must submit an application with a merchant account provider. What is a High Risk Merchant Account? Merchant Accounts for businesses are classified as risky for many reasons, including brand new business, poor credit history, operates in a high risk industry, processes a high volume of transactions or high ticket transaction values. Nutraceutical merchant accounts are the ideal solution for online nutrient, dietary supplement, and herbal product manufacturers and retailers looking to grow their business and put the pains of finding high volume processing capacity behind them. Any computer with internet access can be used as a virtual terminal. Generally, our. The reason is that more and more people are looking into natural cures for their ailments. This type of account is essential to accept credit and debit card payments, and that is why nutraceutical merchants need to find another solution to open a merchant account. They additionally battle to secure the. Take a look at your ACH payment processing, merchant accounts, and how your company handles chargebacks. Merchant Accounts: Merchant accounts (or MIDs) are a type of bank that allows businesses to accept payments by debit or credit cards online. Apply for a nutraceutical merchant account. 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. Virtual terminal merchant accounts include unlimited virtual terminals. If Businesses with a merchant account at a traditional bank that experience excessive chargebacks or a high chargeback ratio can have their accounts closed. US and international companies are welcome to apply. Underwriters need to review the processing history to get a clear idea of chargeback issues a. com’s expert team can help you receive a merchant account for your online, shopping cart, recurring billing or free trial nutraceutical business in as little as 24 hours. High risk merchant. Due to larger numbers of chargebacks, increased fraud allegations by customers (legitimate or not) and the lack of a regulatory system in place in the nutraceutical field, banks and credit card processors consider the nutraceutical industry to be very high-risk and are often unwilling to provide business owners with their much-needed merchant. Merchant Uses of Payment Processing Services. We can process your payments quickly and efficiently, so you can focus on growing your. That means more risk, to your business and to. Lesser food cravings. Typically, a merchant account for credit repair is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. 5% plus 15 cents for manually keyed transactions. 1 billion. Get Started Today. These guidelines include hygiene standards for processing and storage, implementation of process control systems to make sure reliable quality. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Authorize. Nutraceutical products are normally classified as high-risk. Get more volume quickly. Among the fees our merchant partners can expect to pay, contingent on the acquiring banking solution we arrange, include: Discount rate; Transaction fee; Merchant account feeA head shop merchant account is a payment processing account set up exclusively for head shops. Nutraceutical Merchant Processing Accounts | Getting It Right. High risk nutraceutical merchant accounts are in high demand for payment processing. A subsidiary of Visa, Authorize. 49 billion by 2028. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. New broker business echeck accounts are easily approved and set up. With the constant changes in today's banking environment, it is crucial for you to have a strategic plan in place. Nutraceutical Merchant Account; Pharmacy Merchant Account;. With increasing consumer demand for convenient and secure payment options, accepting credit cards and implementing efficient payment processing solutions have become essential. offshore merchant account; credit card processing; solutions. Nonetheless, experienced payment companies. 50. net offers credit card payment services for more than 430,000 merchants, including merchants that could be categorized as high-risk. Gain insights into secure payment solutions. 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. com. eMerchantBroker has also received 12 informal reviews from merchants, with 10 of them positive in tone and 2 which are negative in tone. This article explores the. NACHA , which operates the vast ACH network within the United States, doesn’t set the interchange fees associated with ACH payments. Apply Now. S. For credit card processors, the nutraceuticals industry presents both unique opportunities and challenges. The funds move. As a growing industry, the demand for nutraceuticals and. These products include dietary supplements, vitamins, and health-related products often sold online. Now U. Due to regulatory and compliance concerns, these businesses face challenges in finding suitable merchant accounts and payment gateway solutions. A merchant account is a specific type of bank account that allows merchants to accept payments. Choosing an ideal payment gateway for your nutraceutical company whittles down the risks that come with processing. Like many other companies that are classified as “high risk” by lenders, nutraceutical companies have uphill battles when they seek nutraceutical company merchant accounts. From a merchant account, the merchant can withdraw the funds. Offshore Nutraceutical Merchant Accounts (with payment processing history): Instabill requires 3-6 months of payment processing statements displaying your company name as well as total sales, chargebacks, refunds and returns. When customers select a product they want to. For merchants who have processed credit card payments in the past, the underwriters will require monthly statements from each processor in order to underwrite. Once a high-risk nutra merchant account is approved, payment processors set monthly processing limits. Processing History for Stripe, Square, and PayPal. Chargeback protection. Our highly skilled team has merchant accounts for businesses with processing volumes ranging from $20,000-$100,000,000 and up per month. Each nutraceutical merchant account is different. As our staff at FintechMerchantAccounts conducted our research on the nutraceutical industry (” Nutra”) we found that it is estimated to grow to a staggering $671 billion by 2024 worldwide. Their consumption of calcium, Vitamin D, fish oil capsules, and supplements to keep joints moving without pain are at record levels. An acquiring bank, also known as an acquirer, is a third party that offers a merchant account to a business for the purpose of accepting payments. 3. Nutraceutical merchant accounts from High Risk Credit Card Processing Accounts. Next, you can review our full proposal (which includes pricing), and DocuSign it when you’re ready. They also struggle to secure the financing they need to grow their business and cover costs. These merchant accounts are also known as a "travel merchant services". – Webcam and Live Video Streaming Sites. Your company is growing and needs another merchant account. Supporting documents include: ID for the signer on the account; business bank statements; payment processing history; and details about the business entity. When a consumer calls a card issuing bank to dispute a charge. Our Internet merchant account services provide businesses with the reliability and security to run smoothly and thrive over the Internet. Having a merchant account is essential for receiving funds from a payment processor. To get a merchant account, one must submit an application with a merchant account provider. The nutraceutical industry, as a part of the high-risk payment processing landscape, faces distinct challenges in payment processing, merchant account acquisition, and regulatory compliance. Request a Free Consultation! In case you have any queries, feel free to call us on 844-643-5464 or write us at [email protected]. E cigs provide many of the same effects of nicotine without creating smoke, rather emitting water vapor. Specializing in eCommerce businesses, Allied Payments can provide a host of different payment options. International adult. ACH payments are used to move funds from one bank account to another. 800. The merchant ID is used for. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. COMMON ISSUES WITH MLM MERCHANT ACCOUNTS. The merchant can withdraw money from here. 4 million US dollars by the year 2025. We offer a fee structure that is 25% less than the competition and we get those fee reductions for most of our high-risk nutraceutical merchant accounts. NMA investigates the Nutra firm and evaluates its payment processing history. By SecureGlobalPay | September 13, 2021. We at EMB know the trials and tribulations that those in the nutraceutical industry can face, and we will not judge or punish your company for it. Pet supply merchant accounts Storage facility merchant accounts with. PaymentCloud rates as a reliable merchant account provider due to its clean complaint. Nutraceutical Merchant Accounts 2018. Nutraceutical-friendly merchant partners should be sought from the start. As consumers increasingly embrace dietary supplements, vitamins, and…PayDiverse offers multiple services aimed at helping businesses both new and existing, ranging from chargeback management, to secure credit card processing, fraud prevention and ACH processing. A high-risk merchant account is a holding account where money is received after the customer’s payment reaches. Unexplained gaps in processing history. Processing high-risk payments is crucial for businesses that handle online transactions. The MasterCard 3D Secure code is only for one-time use and is only. This alert system helps keep. Finding and maintaining reliable merchant accounts at reasonable rates is an on-going project. The typical per transaction range is $0. Call Us: +1 (800) 530-2444. It is a virtual representation of a physical shopping cart, where customers can add products they want to buy and keep track of their order before checkout. Nutraceutical companies seeking a merchant account can turn to National Merchants Association (NMA) – High Risk Done Right That said, securing a nutraceutical industry merchant account requires working with a payment provider specializing in providing high-risk credit card processing services to nutraceutical businesses. As just mentioned, several factors contribute to the growing difficulty of gaining approval for supplement merchant accounts. We charge the fees differently based on several factors: merchant processing history, industry type (low or high risk), projected sales volume, etc. High volume of credit card transactions over $20,000 a month. Merchant Services Provider: also known as MSP. Identify a niche. A nutraceutical merchant account is a specialized payment processing solution designed specifically for businesses operating within the nutraceutical industry. The US share of the global market was substantial. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online. A merchant account for bad credit can, therefore, be opened for low and. These supplements have experienced problems due to their use as a muscle-building steroids. In general, merchants with a bad credit merchant account will need to demonstrate a track record of successful credit card processing and a good. It’s time to upgrade or switch your nutraceutical merchant account and focus on these new marketing techniques for 2021. High Risk Merchant Account; Low Risk Merchant Account; Domestic Merchant Account; International/Offshore Merchant Account; E-Commerce/Internet Merchant Account; Retail/POS; Bad Credit Merchant Account; Merchant Account Fees; Alternative Payments; Credit Card Processing; ACH/Check Solutions. Stay processing and keep track of your transactions with your nutraceutical merchant account. Increases energy. As a business expands, our online payment processing services can quickly scale accordingly, preventing any. One of our skilled high risk agents will be in touch within 1-2 business days to help explain the application and the process of obtaining a merchant account with us. 65%, Visa will request an investigation into the cause and that an action plan be developed. Instant check verification services for ACH accounts and electronic check payments are used to validate bank account information prior to processing an echeck payment. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. Bank account verification: Decreases return rates. No longer will customers call to purchase or. What Merchants Say. The main types of payment processing services include: ACH (eCheck) Check 21. The same merchant account can be used for online payments or. 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. As a result, Nutraceutical businesses face various challenges in payment processing, including fraud attempts, high chargeback rates, and the need for advanced fraud prevention mechanisms. This has led to more vape shops and online vape shops while increasing the need for ecommerce merchant. These businesses are often rejected by standard merchant accounts because of the risk to banks. 6 billion by 2017. You apply on your own to multiple processors and acquiring banks. But despite providing. 3. Nutraceuticals and supplements aren’t exactly “conventional”. Acquiring and maintaining a reliable merchant account is a significant challenge for nutraceutical businesses. An online business generally utilizes a payment gateway, but transactions are not limited to e-commerce online payments. Ways that nutraceutical companies can get their credit card processing in order. Choosing the appropriate solution for merchant account processing is a critical decision for businesses. The overall fees include: Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. For nutraceutical businesses, there are distinctive considerations. S. PLUS you’ll earn these commissions for the lifetime of their account. – Adult Cruise Lines. A merchant account is a type of bank account that allows businesses to accept credit card payments. Our friendly and efficient customers work 24/7 to help your customers with any issues they may be facing. So, merchants in this industry need to find a way to obtain one. Get approved for a nootropic, supplement and nutraceutical merchant account. For more information or to request that one of our agents contact you in regards to a payment processing account, please fill out the form on the right hand side of the page. The nutraceutical industry (“Nutra”) is no laughing matter. We will also give you a few tips on how to choose. In the United States, about 75% of adults take some form of dietary supplement; 10 percent over the past 10 years, according to the Council for. Various payment methods, such as credit cards, debit cards, and other options, can be used for processing. Improves gut health. Several factors influence a merchant’s risk level. With an astute understanding of the diverse categories, complex compliance norms, multiple payment processing models and SIC & NAIC codes, Merchant Advise can assist you in securing a nutraceutical merchant account with the right bank in minimal time. These supplements have experienced problems due to their use as a muscle-building steroids. Banks issuing the cards receive these fees. 65%, Visa will request an investigation into the cause and that an action plan be developed. Of the entire US sales volume, 37 percent were in dietary supplements. Authorize. National Processing Great For High Risk Point-of-Sale. Payment processing companies have fixed jurisdictions for merchant acceptance, and. Taking part in the growth of Internet sales of vitamins and supplements One portion of the U. At a compounded rate of 21% per annum, this dream will most likely come true. Without a merchant account, these associations have no genuine method to recognize credit and check card transactions. If chargeback rates are low, it is a good thing,. High Risk Nutraceutical Integrations. The merchant can withdraw money from here. Typically the holdback amount with high risk services is bewteen 5 and 10%. Merchant Accounts: Debt Collection Services from a Collection Agency Merchant Account. Nutraceuticals (also referred to as nutra) is a growing industry in the United States and worldwide. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. It ensures that customer payments are processed securely, protecting both the customer and the company. In this article, we focus on that, analyzing what a nutraceutical merchant account is. 7650 South McClintock Dr #103-437 Tempe, AZ 85284 1-888-405-3093A high-risk merchant account is one that works with businesses with a higher risk of chargebacks, fraud, or failure. Approvals: 5 business days to 2weeks. S. We provide online payment processing for high risk nutraceutical merchant accounts. Nutraceutical businesses can be very profitable. Pharmaceutical and nutraceutical goods sold online are wide-ranging. 4 billion as of 2015, and is estimated to reach $204. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway. While these processors have reduced the acceptable business models, there have been banks emerged with a risk appetite. #1 eMerchantBroker Top Pick for Kratom Credit Card Processing. To stay competitive, businesses must use. Banks that fund nutraceutical merchant accounts that market illicit ingredients or goods can be found responsible once more. This allows the acquirer to offer payment services to their clients. Other products and services considered high risk. Our 99% approval rate ensures that even the most difficult business types or those with a history of bad credit – will find the best solution for their business. This way, merchants can play an active role in keeping a stable and reliable merchant account open and processing. But along with your success, you have to pay attention and understand the rules and regulations of the industry – the. eMerchantBroker has also received 12 informal reviews from merchants, with 10 of them positive in tone and 2 which are negative in tone. Two of the most common supplements today with difficulty in securing supplement merchant accounts have been SARMs and Peptides. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Implement solutions that will assist the nutraceutical industry the most. Terms like “processing for free trial merchants,” “fraud prevention” and “lower chargebacks” may indicate that they are equipped to handle the special challenges that your industry. Free application with no obligation. Nutraceutical Merchant Account | Payment Processing for Nutra Industry Ready to Get Approved? Get Started Today! What is a Nutraceutical Merchant Account? Any. Don’t let payment processing issues hold you back – contact QuadraPay today to learn more about their services and how they can help your nutraceutical business thrive. Get Started Today. It’s basically an eCommerce list that warns other financial institutions. On average, over 60 million automated clearing house transactions worth over $1 Billion are processed daily through. 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. The typical per transaction range is $0. Process over $300,000 per month. Documents Required for Nutraceutical Merchant Account. Durango Merchant Services: Best for highest-risk businesses. One of the best solutions is a collection agency merchant. Nutraceutical Merchant Account. Lesser food cravings. The list of industries considered high risk is long and includes nutraceuticals, magazine subscription services, CBD, debt consolidation, multi-level marketing, travel, and many more. Diversify your nutraceutical merchant accounts to mitigate risk. If there were ways to fight aging, promote sexual health or achieve weight loss without surgery or prescriptions, wouldn’t you? This is the premise on which nutraceutical companies operate – that most people want to improve their health, but may not want to undergo medical procedures or take medicines with chemicals they don’t trust. Accept credit card payments online hassle-free. With high chargebacks, continuity billing and. “The biggest risk is not taking any risk” – Mark Zuckerberg Online pharmacy is a leading business on today’s eCommerce market. High risk products are products and services that are sold by merchants who operate within high-risk industries. com, know that nutraceutical merchant accounts are hard to come by. Nutraceuticals products are fortified food products that supplement diets with nutrients as well treat or prevent diseases. It can be any kinds of foods or supplements that can be considered medically or functionally beneficial to ones body. There are two main reasons for this. 1. Build good brand partnerships with influencers. As our staff at FintechMerchantAccounts conducted our research on the nutraceutical industry (” Nutra”) we found that it is estimated to grow to a staggering $671 billion by 2024 worldwide. 3. Essentially, the e-cigarette account serves as the. Retail Payments. Traditional merchant accounts can be expensive and slow so you may consider an alternative solution. The nutraceutical business is booming, and every year brings new products. Your business generates five to six figures every month. The payment gateway encrypts sensitive payment data. There are many companies out there in the market providing Nutra payment gateway and nutraceutical merchant account. To get a merchant account, one must submit an application with a merchant account provider. 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. So your best option lies with high-risk merchant account providers. If there were ways to fight aging, promote sexual health or achieve weight loss without surgery or prescriptions, wouldn’t you? This is the premise on which nutraceutical companies operate – that most people want to improve their health, but may not want to undergo medical procedures or take medicines with chemicals they don’t trust. Within the realm of high-risk payment processing, the nutraceutical industry stands out as one of the most challenging sectors. Reach out to our. 3 months of the most recent processing statements, if applicable A SSN (Social Security Number) or EIN (Employer Identification Number) Chargeback ratios must be under 2%; If you would like to learn more about a nutraceutical merchant account or begin the application process, contact the team of experts at eMerchantBroker. With decades of experience, our team is committed to providing competent knowledgeable advice and a plan of action to get your merchant account approved quickly. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. Retail Payments. 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. Nutraceutical merchant accounts have also assisted the nutraceutical industry in a majority of ways. Medical Gift Card and Medical Discount Card Program. The first step is identifying your exact vertical. High-risk industries such. High Risk Nutraceutical Merchant Accounts. Get approved for your nutraceutical merchant accounts! Learn MoreUniBul’s Nutraceutical Merchant Account. The bank assigns this number when a business applies for a merchant account with the processing service. A merchant account is a specific type of bank account that allows merchants to accept payments. With regulations on payment processing getting more strict, you will need a solution you can rely on. Check out our nutraceutical merchant accounts today and. According to Grand View Research, peptide sales are expected to peak at 48. This is because of strict guidelines for processing credit card payments that go beyond the requirements of most other industries. The types of businesses approved for merchant services can vary between the different merchant-acquiring banks. This way, you are denied any chance of getting your hands on a merchant processing account. You need EMB. Get Started Today. For the CBD and cannabis industry, ACH and eCheck payment processing offer secure and reliable alternatives to traditional payment options. All this being said, having the proper card payment processing services for the sales of these products must be done via a high-risk merchant account. First, the industry is. It depends on the type of business the merchant operates. There are many merchant account providers to choose from to process cashless payments, but not every merchant account provider accepts high-risk. Reduced chargebacks– We are a reputable high-risk processor that offers a chargeback management system to all our customers. One such option is eMerchant Authority which offers bad credit merchant accounts that your business needs to be able to receive payments. The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. No caps on your. A payment gateway is a bridge between the merchant, the customer, and the issuing bank that helps process transactions. By partnering with Get Payment, nutraceutical business owners can access secure and efficient payment processing solutions that address the challenges associated with the nutraceutical sector. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. Here’s a snapshot of adult industries that use specialized payment processing: – Adult Bookstores. You fill. The global nutraceuticals business reached total sales of approximately $180B in 2015; the industry projection for 2017 exceeded $204B. Point-of-sale (POS) solutions.