Mobile Card Reader. An appropriate label of contents is a must. Figures are projected to reach $358. com, know that nutraceutical merchant accounts are hard to come by. High Risk Pay is a comprehensive solution perfect for nutraceutical merchants. In fact, transactions happen almost instantly. Nutraceutical companies rely on eCommerce and Mail Order/Telephone Order (MOTO) sales to scale their businesses. Host Merchant Services: Best for large high-risk businesses. Explore how high-risk merchant accounts are transforming the nutraceutical industry. Here’s how our reliable and specialized payment processing solutions can give your business the confidence to scale. Ecommerce merchant account accounts are approved in 1-3 days. To save yourself and your business a headache, you need to locate a high risk merchant account processor. An online or retail business can get started with a. These two niches have different purposes and demand a different business approach. However, without the right merchant processing solution, your customers can become frustrated, and you can lose money through lost businesses. High risk nutraceutical merchant accounts are in high demand for payment processing. We utilize a variety of processing techniques to ensure that payment processing, fraud prevention and chargeback disputes are all easy processes for our high-risk accounts. Nutraceutical payment gateways provide a reliable and secure way for an ecommerce business to accept payments online. With an offshore merchant account, it’s easier to process credit card payments under major companies like Mastercard and Visa. The diet and weight loss. 02 billion (2023). 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. Obtaining nutraceutical credit card processing is a challenge sellers face. 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. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. 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. PRODUCTS & SERVICES. Protect your nutraceutical business from exorbitant bank holds and reserves. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Free setup and zero upfront fees. The nutraceutical industry (“Nutra”) is no laughing matter. Nutraceutical Merchant Accounts. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. This is because nutraceuticals and supplements are more prone to chargebacks than other products, especially when they are sold over the internet. 4 billion as of 2015, and is estimated to reach $204. ACH payments provide a secure and reliable method of transferring funds electronically between bank accounts. A start up mineral nutraceutical business needs the ability to accept payments for online sales. CVV stands for “card verification value,” which serves as an additional security feature when you’re making “card-not-present” purchases, like over the internet or phone. 3 percent THC. Some storefront and MOTO businesses use payment. Typically the holdback amount with high risk services is bewteen 5 and 10%. Therefore, they reject nutraceutical retailers. According to statistics from the National Institutes of Health (NIH), 23 percent of men use male enhancement supplements. Merchant accounts provide entrepreneurs and individuals alike the ability to generate revenue using their own website or preferred eCommerce solution. The rapid expansion of the nutraceuticals industry –food and drinks with possible health advantages – is driven by current shopper trends. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers;. Voted the #1 High Risk Merchant Services Provider in 2015, and 2016. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. 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. PaymentCloud rates as a reliable merchant account provider due to its clean complaint. A merchant account makes it easy for your credit card customers to pay you. account through an agent, which is required to process credit card payments. As the technology is helping us more and more day by day this account is best for nutra business due to its portability as now you can not only use. +1 (970) 379-5216; Mon - Sat: 8AM - 6PM MT; Services. Without a merchant account, you will not be able to accept payment via credit card or debit card. To make sure that you pass these. Higher sales projections, lower credit scores, and inadequate financial standing may increase credit risk. As a growing industry, the demand for nutraceuticals and dietary supplements see no end in sight. If you have been Previously rejected or discarded by another processor, we can help you get back on track. For instance, the law disallows. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. This goes in your credit history, and makes it harder for you to open a new merchant account with a new payment processor. The best nutraceuticals merchant account. This implies the. Get a secure Nutraceutical Merchant Account with QuadraPay. AMSLV is the go-to place for speedy merchant account approvals for your nutraceutical business. These businesses need a trusted company like PayKings to provide them with high risk credit card processing. In thisUSABancard is leading the industry for payments companies who are considered to be a high risk nutraceutical merchant account provider. After a quick internet search, you find a provider offering “instant merchant account approval” for high risk credit card processing. Platinum Relations is now able to provide High Risk / Off Shore credit card processing to any legal new or existing business. Nutraceutical Merchant Accounts 2018. Contracts: Maintain written,. It offers additional functionality beyond payment processing. We can provide your business the ability to accept credit cards with one of our merchant account providers. Having access to a global market is something high risk merchant processors can provide to business owners, new or established. Open, effective communication is. Merchants enjoy instant conversion to their local fiat currency, or keep it in Bitcoin if you like. International merchant accounts, on the other hand, take 7-14 days to be processed for approval. Get a secure Nutraceutical Merchant Account with QuadraPay. services that are available. 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. Redefining Nutraceutical Business with Credit Card and Crypto Merchant Accounts I. 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. Likewise, the sexual enhancement supplements market is expected to reach 324 million USD by 2025. Although the nutraceuticals industry has hit the ground running, a few things are holding the industry back. Unfortunately, many credit card processors would lean toward not to work with nutraceuticals associations. This allows us to detect any “red flags” beforehand, and ensures a complete application. We have found only 2 negative reviews about PaymentCloud, so the company is probably not a scam or ripoff. Bank transfers are the safest online payment method available for nutra merchants. A nutraceutical merchant account is a type of merchant account that is specifically designed for businesses that sell nutraceutical products, such as dietary supplements,. 7650 South McClintock Dr #103-437 Tempe, AZ 85284 1-888-405. 65%, Visa will request an investigation into the cause and that an action plan be developed. You can submit at least the last three months of your credit card processing bills. More. As a result, many merchants turn to offshore non-US processing solutions in order to remain in business. This becomes a hurdle to many high volume risk. The Challenges of Nutraceutical Credit Card Processing. SecureGlobalPay can assist with High-Risk Merchant Accounts for Nutra, Diet Programs, Weight Loss Supplements, and all Nutraceutical Related Businesses. will be your last nutraceutical merchant account provider. However, most experienced merchant account service supplier can offer merchant account amenities but with us, you can avail merchant account for your high-risk businesses. 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. The chargeback protection that comes with these. The subscription business may include tangible goods such as monthly magazine issues, subscription boxes, and health supplements, to name a few. At IPP, we provide Nutra merchants with the best premium high-risk nutraceutical merchant services, credit card processing, and merchant approval. Get the processing capacity you need to manage & grow your nutraceutical business. . Nutraceutical merchant accounts are a great way for nutraceutical firms to seamlessly accept payments. Plus, we offer a wide range of automated billing and. Apply Now. Are you looking for a Merchant Account to process payments for your online nutraceutical business? Merchant accounts for Nutraceutical businesses are not easy to get. No longer will customers call to purchase or. In a certain way a tech support merchant account is credit that your processor makes available to your company. PayPal transactions are fast solutions that provide high levels of security and functionality that required various credit card networks including Visa, MasterCard, American. 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. 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. At Fibonatix, we offer comprehensive nutraceutical merchant services that prioritize both the security of transactions and the convenience of your customers. High Risk Credit Card Processing. Chargebacks occur whenever a customer returns an item or they pay with a bad check or over-extended credit card. Selling CBD is perfectly legal in the United States. However, the first questions to have answered should be about the processor’s experience and tolerance for the nutra business model. Nutra merchant accounts are in high demand and finding the right high-risk eCommerce merchant account nutraceutical provider is of utmost importance. Your creditworthiness is evaluated to determine your eligibility for a nutraceutical merchant account, considering various risk and market factors. If you have been Previously rejected or discarded by another processor, we can help you get back on track. 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. (As as long as it doesn't contain more than 0. They may even offer guaranteed merchant account approval. Do Stripe or Square Provide Nutra Merchant Accounts? eCommerce Nutraceutical Merchant Account Providers Does Stripe do Nutra? One may think that this payment… | 116 comments on LinkedInA merchant A business that accepts credit cards for goods or services. +208-806-2953. Businesses are often prohibited from accepting payments and processing transactions by underwriting banks. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Fast approvals and easy integrations, start today!. S. Accept Credit Card Payments – as with most online transactions, the credit card payment option is expected in your online pharmacy. It will process credit cards and deposit that money in your bank. What if there was a single change you could make to improve your. I. 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. At a compounded rate of 21% per annum, this dream will most likely come true. We have experts and technology to ensure that payment processing, customer service, fraud prevention, and chargeback disputes are easy to handle for our high-risk accounts. Credit card companies charge payment processing fees for each ecommerce transaction. It can be challenging to navigate the payment processing restrictions that apply to nutraceuticals. We provide weight loss businesses with high risk credit card processing services that are cost-effective, reliable, and secure. Traditional banks are not going to make it easy to open and maintain a merchant account for a nutraceutical business. Without a mer. Here are the 4 best ways for your business to accept credit card payments in the modern world. 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. O. With a high average sale amount, the more “risk” there is to the processor in the event of charge backs. Merchants in the nutraceutical, pharmaceutical or multilevel marketing usually seek offshore or international payment processing solutions due to the generous volume caps. The flawless solution for High-Risk BusinessesMerchant Services. 5 billion by 2027. A merchant account is a specific type of bank account that allows merchants to accept payments. A government-issued ID like a state-issued driver’s license. Nutra has nothing to do with pharmaceuticals. Allow 3-5 business days for approval of US nutraceutical credit card processing accounts. accounts for nutra businesses to be considered high risk by banks and regulatory bodies. government regulates nutraceutical businesses, which means these. Get approved for your nutraceutical merchant accounts! Learn MoreThis is particularly true for nutraceutical companies that need to harmonize customer needs while operating in full compliance with industry laws and regulations. Companies selling nutraceuticals face a frustrating dilemma: Business is booming, but the country’s largest credit card underwriters still deem the industry “high risk,” which makes it difficult to obtain a nutraceutical merchant account. always opt for a credit card merchant. We provide natural supplement merchant accounts for the following: Startups and existing businesses – we help all types of businesses. Tech Support Merchant Accounts. 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. If you’re trying to get an herbal and vitamin merchant account, Zenti can help you get the payment solutions you need for your high-risk business. Credit Score: Payment processors may ask for your credit score and credit history, particularly if you are applying for a high risk merchant account for the first time. The statements will display how you collect funds from people. Some financial institutions may confirm the legitimacy of the bank account and routing number but might not be willing to verify the check funds, especially over the phone. The United States has the largest number of nutraceutical. The American Clearing House (ACH) offers a type of payment that is 100% electronic but does not involve a credit or debit card. 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. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. 325412: Pharmaceutical Preparation Manufacturing. acquirer Any bank, financial institution, and. E-commerce. We get nutraceutical merchants approved when other processors decline. In order to properly set up, a nutra business online, merchants make sure to go through a few important steps (we can help). 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. What Is A Timeshare Merchant Account: Timeshare merchant accounts provide companies the ability to charge payments from customers on goods and services. Fraud Prevention ToolsMerchant 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 majority of nutraceutical merchants who come to us have recently had their old processor shut down. Therefore, a high risk merchant account is required for these retailers to accept credit & debit cards. A merchant account is a specific type of bank account that allows merchants to accept payments. 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. Cheapest Rates Merchant Account Services for Your Company Herbal Supplements and Nutraceuticals . You will have to wait for 3-5 days for your credit card processing account to be approved. 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. Merchant accounts provide entrepreneurs and individuals alike the ability to generate revenue using their own website or preferred eCommerce solution. Many herbal payment processors might offer kratom credit card processing services however, kratom is a prohibited product by the card networks. Without a merchant account, these businesses have no way to accept credit and debit card transactions. 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. Merchant Login. 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. Online: 15 agents Nutra & Supplement Merchant Account Secure nutraceutical credit card processing with PaymentCloud and get the tools, security, and support you need. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. Managing Your High Risk Problems Nutraceuticals occupy a unique position on the market: the simplicity of the product, combined with the booming supplement industry, places you at the ideal crossroads to create a great product with substantial profits. When a payment processor closes your account, you are tagged as a Terminated Merchant. You need EMB. We provide medical credit card processing, medical merchant accounts, and medical payment solutions for the following types of medical facilities: Medical Doctors (MD). Moving Broker Merchant Accounts; MOTO; Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! A nutraceutical merchant account is a specialized payment processing solution designed specifically for businesses operating within the nutraceutical industry. This includes the sale of Supplements, Vitamins, Herbs, and other Nutraceuticals, that may be considered High-Risk by some payment processors. 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. First, the industry is regulated. Minimum processing: $5,000 minimum for national. Fraud, chargebacks, International transactions, high costs of processing, and more. Today, many companies in this field have been finding they run into issues when trying to find online credit card processing services. The accounts enable acceptance of payments from customers in the US and overseas. If. However, these providers do not. These products include dietary supplements, weight-loss aids, colon cleansers, skin care products and anti-aging products. It enables nutraceutical merchants to securely process payments for a wide range of dietary supplements, vitamins, herbal products, and other nutraceuticals. Adding secure bank transfers as a payment method on your checkout page boosts profits with no risk of chargebacks. Apply for a Nutraceutical Merchant Account to Accept Credit Cards. Top High Risk Merchant Industries Here are the top 15 biggest high risk merchants that need payment processing. Nutraceutical Credit Card Processing. You're in control. Membership & Recurring Billing With a high-risk merchant account, you can confidently promote your nutraceutical products, services, and subscriptions, without jeopardizing. In certain situations, we can expedite the setup process in 1 business day. A high-risk merchant account is a type of bank account designed for businesses considered high-risk by. Donations and offline payments can be accepted through a merchant account using a hand-held credit card reader. Make sure your new MSP offers a dedicated merchant account and can meet all of your needs for processing payments in. The most common tier one payment processors on the market include Square, Stripe, and Braintree. 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 ». US/Offshore chargeback solutions for nutraceutical and other high risk credit card processing businesses. The Advantages of a High Risk Merchant Account for Nutraceutic. You simply submit an application along with supporting documents. First, on the high risk merchant list is nutraceuticals. In certain situations, we can expedite the setup process in 1 business day. The Comprehensive Guide to Healthcare Credit Card Processing. Now, with no chargeback payments, you expand your sales, protect your customers, and increase your profits. With a supplement/nutraceutical merchant account from BankCard USA, you don’t have to settle for exorbitant processing rates, hidden fees and slow equipment. 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 industry’s specific. But unusually high numbers of merchants are being declined for merchant accounts in their quest to accept credit card orders online. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and. 1. A start up mineral nutraceutical business needs the ability to accept payments for online sales. From vitamins and minerals to probiotics and sports supplements,. Despite […]It all boils down to time. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. Card capture happens when a pending payment becomes complete as the business gives the go signal to. Free setup and zero upfront fees. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. You have to meet your customer’s expectations by providing a way for them to pay via a debit or credit card. There are slightly higher credit card processing fees and a reserve fund is commonly, although not always, required for nutraceutical merchant. 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. Figures are projected to reach $358. An appropriate label of contents is a must. Contact us by phone or live chat for faster service. First, you need to find a merchant account provider.  Nutraceutical Product 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. These supplements have experienced problems due to their use as a muscle-building steroids. By Tony Ward April 27, 2021 2:27 amA merchant account is a specific type of bank account that allows merchants to accept payments. You can load multiple merchants into ONE gateway and it will automatically split your sales across those accounts. It is the most essential prerequisite to the success of any telemarketing environment. Once you get setup with the Vector Payments provided merchant account provider, you will need to set up a payment gateway, a type of software that allows you to process credit card payments. Nutra merchant accounts are in high demand and finding the right high-risk eCommerce merchant account nutraceutical provider is of utmost importance. Now customers can set up recurring/subscription billing where they automatically pay at a specific time (usually on a monthly basis) through the use of credit cards, electronic checks, debit cards, ACH and direct deposits. Payment Processing Barrier to Growth for Nutra Merchants. Setting up a nutraceutical merchant account with recurring billing for your business is quite simple. 1. Performance Card Service (PCS) has over 20 years of experience in securing. A Hold Back, also known as a reserve, is a pre-determined amount that is set on some types of merchant accounts. Here are the top 5 high risk merchants that are mostly likely to process high risk payments. Nutraceutical Merchant Accounts: Nutraceuticals provide consumers with continuous monthly product shipments, from weight-loss supplements to energy boosters. These specialized accounts can provide. Reserves can be held for 180 days after account closure before they are released. A merchant account is a specific type of bank account that allows merchants to accept payments. You’ll guide merchants through the initial application process, handle objections and quickly get the supporting documents needed for a complete application. Merchants experience resistance to tobacco credit card processing during card-not-present (CNP) transactions. . Payment processing companies provide merchant accounts easily. If you sell supplements, diet pills, or any vitamins online, you’ll want a payment processor that keeps your account running. Many of these merchants are categorized as Software As A Service or SAAS companies, which can include other industries that operate using a customer subscription model. In addition to processing payments, a nutraceutical merchant account recurring billing plan may also provide reporting features that allow you to keep track of sales and expenses. Nutra has nothing to do with pharmaceuticals. This typically includes major card networks like Visa, Mastercard, and American Express. 49 billion by 2028. This will allow customers. We provide a variety of payment methods, including high risk credit card processing, ACH, high risk echeck processing, and ecommerce bank transfers. It is flexible and can scale with your business. According to a recent report, the Global Nutraceutical Market was valued at $382. 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. Los Angeles, CA (PRWEB) January 26, 2015 -- eMerchantBroker is proud to announce merchant account support for all businesses dealing in the nutraceuticals industry. Get the. This means that it may take longer for funds from credit card sales to be deposited into the merchant's bank account. These providers often have experience working with companies in the industry and can offer tailored solutions to help manage risk. Apply Now. Accepting ecommerce & recurring billing Nutraceutical businesses, they offer US & Offshore direct accounts, with integrated gateway and chargeback avoidance. And the best part – unlike ANY other merchant account provider we know of – we ACTUALLY have a 99% approval. Process Payments with a High-Quality Merchant Service Provider Since 2001, Instabill has been providing high-quality merchant services. The business requires a safe merchant account solution but many of the banks do not prefer to provide them the account. We take a consultative approach to analyze your situation and determine the best options for your merchant account. With regulations on payment processing getting more strict, you will need a solution you can rely on. 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. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. When you add secure online payments with bank transfers to your checkout page, you expand your sales, protect your customers, and increase your profits. TranZlytics also offers advanced real-time reporting for faster and better use of CRM data. 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. 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. Nutraceutical merchant accounts are a great way for nutraceutical firms to seamlessly accept payments. We approve 95% of applicants! With a Signature Payments nutraceuticals merchant account, your clients will be able to securely pay using any major credit or debit card — including those issued by Visa®, American Express®, Discover® and Mastercard®. So, merchants in this industry need to find a way to obtain one. The nutraceutical industry (“Nutra”) is no laughing matter. 3%. The most common merchant services companies are Square, Stripe, and Braintree. To get a merchant account, one must submit an application with a merchant account provider. Nutraceutical businesses can enjoy fast approvals, low processing fees, and reliable. Durango Merchant Services: Best for highest-risk businesses. Are you looking for a Merchant Account to process payments for your online nutraceutical business? Merchant accounts for Nutraceutical businesses are not easy to get. The credit card issuer will release the funds to the merchant acquiring bank, which will settle the funds to the merchant’s bank account. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. The sale of peptides online through the use of credit card payments is deemed high risk by many banks in the US. Accept Payments Today. For more than 20 years, high risk merchants have successfully used our services to process ecommerce payments. Online. Without a mer. The list includes. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. Here are the main benefits to you. Bitcoin payments are quick and convenient. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy,. In fact, the industry is estimated to grow to a staggering $671 billion by 2024 worldwide. Applying for online credit card processing account is a straight-forward process. Application for an offshore merchant account is always free, with no obligation. Nutraceutical. At IPP, we provide Nutra merchants with the best premium high-risk nutraceutical merchant services, credit card processing, and merchant approval. The nutraceutical industry is prone to chargebacks for a variety of reasons, causing merchant A business that accepts credit cards for goods or services. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Demand for nutraceutical products shows no signs of slowing down. The experts at First Card Payments offer chargeback prevention and high-risk credit card processing tips to give your business the best shot at success. 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. 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. 98% approval rates for high risk credit card processing. Common Types of Nutraceuticals. 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. While boosting sales is crucial for any business, mitigating risk is equally important, especially in a high-risk industry like nutraceuticals. This can be a major issue for businesses that rely on timely funding to cover expenses and keep. Yet the reality of the situation is such that these natural and synthetic supplements and drugs, used primarily. 3. Accept credit card payments and monitor your processing with your nutraceutical merchant account. The Smart Drug Industry. The 15% of American adults who have used weight loss supplements spend $2 billion per year on Diet Programs and Weight Loss Supplements. Diversify your nutraceutical merchant accounts to mitigate risk. At SeamlessChex, we provide solutions that help your business get back on track. According to reports, the global nutraceutical market is worth $233. 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. Merchant bankruptcy is also a factor in why the nutraceutical industry is often viewed in a negative light. Merchant account providers specializing in high-risk industries understand the unique challenges faced by nutraceutical businesses and provide tailored solutions to meet their needs. The solution includes transaction analytics and fraud prevention and built-in advanced chargeback management. Jan 22, 2021 7 minute read. Moneck Payment Solutions – Perfect for Travel Service Merchants and the Travel Industry. 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. This has left numerous organizer or.