The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. For this, your first stop should be with EMB. When a payment processor closes your account, you are tagged as a Terminated Merchant. Common Types of Nutraceuticals. High Risk Credit Card Processing. 51 billion in 2022 and is expected to reach a whopping $722. You'll need to provide a wide range of documentation pertinent to your opening an account. Contact us by phone or live chat for faster service. Most businesses have issues taking off, but when that business is labeled as “high risk”, the problems mount even higher. It is projected to leap 20 percent by 2019, and reach $6. Host Merchant Services: Best for large high-risk businesses. Reduced chargebacks– We are a reputable high-risk processor that offers a chargeback management system to all our customers. Protect your nutraceutical business from exorbitant bank holds and reserves. 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. These two niches have different purposes and demand a different business approach. Choosing an ideal payment gateway for your nutraceutical company whittles down the risks that come with processing. DigiPay knows how to navigate the high-risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified. 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. 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. Nutraceutical companies often use a nutraceutical payment gateway to intelligently route transactions to multiple credit card processors. So, generally after about three to six months that you have been processing. High-Risk Merchant Accounts are not allocated based on ATV or expected volume. This has led to more vape shops and online vape shops while increasing the need for ecommerce merchant. Typical reasons people purchase these products include. Acquiring and maintaining a reliable merchant account is a significant challenge for nutraceutical businesses. The accounts enable acceptance of payments from customers in the US and internationally. 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. 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. In fact, the industry is estimated to grow to a staggering $671 billion by 2024 worldwide. nutraceutical merchant accounts rely heavily on front-end payment gateway. 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. 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. 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. They average 1. To save yourself and your business a headache, you need to locate a high risk merchant account processor. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. TailoredPay also works with both small and large businesses across multiple industries and sectors. This labeling has made applying for and approving a merchant account difficult. To increase your chances of approval, ensure the following documents are in order before filling out an application and submitting it to underwriting. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy, seamless. Membership & Recurring Billing With a high-risk merchant account, you can confidently promote your nutraceutical products, services, and subscriptions, without jeopardizing. Nutraceutical Merchant Accounts. Here are the main benefits to you. Full access to tokenization through our Customer Vault. Unfortunately, many credit card processors would lean toward not to work with nutraceuticals associations. To get a merchant account, one must submit an application with a merchant account provider. Platinum Relations is now able to provide High Risk / Off Shore credit card processing to any legal new or existing business. To get a merchant account, one must submit an application with a merchant account provider. . This has led the banking industry to. Apply Now. . The rapid expansion of the nutraceuticals industry –food and drinks with possible health advantages – is driven by current shopper trends. Copy of the fulfillment agreement. 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. Nutra products range from oral supplements to teas, tinctures and salves. It takes place after a payment authorization officially transfers a customer’s fund into the merchant account. 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. We at EMB, or eMerchantBroker. As a payment aggregator, PayPal operates between the merchants and customers, managing transactions, funding of accounts and the security of transactions. Even if you have been previously rejected by other credit card processors or have a bad credit score and. 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. Merchants enjoy instant conversion to their local fiat currency, or keep it in Bitcoin if you like. This means that this hold back percentage is taken out of each credit card sale until your allowed monthly volume is met. Our highly skilled team has merchant accounts for businesses with processing volumes ranging from $20,000-$100,000,000 and up per month. The types of businesses approved for merchant services can vary between the different merchant-acquiring banks. 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. Merchant accounts provide entrepreneurs and individuals alike the ability to generate revenue using their own website or preferred eCommerce solution. 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®,. Credit Repair. The solution includes transaction analytics and fraud prevention and built-in advanced chargeback management. Here are the primary benefits to you. Create a proper label of contents. In fact, transactions happen almost instantly. 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. Our clients enjoy our feature-packed merchant services including: Streamlined operations with one point of contact dedicated to your needs. Merchant A business that accepts credit cards for goods or services. Call 1-888-405-3093 To Get Started. A high risk merchant account can provide processing for companies with a slightly high tolerance for these types of issues. The Main Benefits to the API: Supports all types of transactions from sales to credit and voids. May 14, 2020. Today, many companies in this field have been finding they run into issues when trying to find online credit card processing services. 1. Our payment gateway services give you access to information regarding your merchant account solutions. The credit card issuer will release the funds to the merchant acquiring bank, which will settle the funds to the merchant’s bank account. government regulates nutraceutical businesses, which means these. You simply submit an application along with supporting documents. Federal law requires credit repair companies to provide a contract for consumers. Fraud, chargebacks, International transactions, high costs of processing, and more. With online businesses, this convention is the norm. 65%, Visa will request an investigation into the cause and that an action plan be developed. Organizations that deal with a large number of transactions monthly are advised to avail. Payment Gateway for Adult Merchants. The Challenges of Nutraceutical Credit Card Processing. Manage and develop your nutraceutical company with the processing capabilities you require. Contact us today at 1-877-296-3690 to. The final step in your custom nutraceutical supplement business is to begin processing payments on your site. Merchant account providers specializing in high-risk industries understand the unique challenges faced by nutraceutical businesses and provide tailored solutions to meet their needs. In this article, we focus on that, analyzing what a nutraceutical merchant account is. Then there’s the real-time transaction reporting of our online merchant portal and Fraudcast. 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. Get a secure Nutraceutical Merchant Account with QuadraPay. What if there was a single change you could make to improve your. International merchant accounts, on the other hand, take 7-14 days to be processed for approval. We provide the best solutions for credit card processing for nutraceutical products. For instance, the law disallows. 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. Your information will be kept completely confidential. After a merchant loses a merchant account, it is very difficult time for processors to approve another. A subsidiary of Visa, Authorize. Nutraceutical Merchant Accounts 2018. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers;. If you’re a merchant who is constantly on the go or lacks a brick and mortar location, a mobile card reader allows you to accept credit cards anywhere. O. Bitcoin payments are quick and convenient. Many herbal payment processors might offer kratom credit card processing services however, kratom is a prohibited product by the card networks. The list includes solutions and best practices on how to get accepted for a merchant account. This fundamental and essential component is critical to the success of the vacation club industry. 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. Get approved for a nootropic, supplement and nutraceutical merchant account. Easy. Businesses are often prohibited from accepting payments and processing transactions by underwriting banks. Merchant accounts provide entrepreneurs and individuals alike the ability to generate revenue using their own website or preferred eCommerce solution. Nutra merchant accounts are in high demand and finding the right high-risk eCommerce merchant account nutraceutical provider is of utmost importance. Credit card processing accounts for US nutraceuticals might take up to three working days to get approved in the United States. According to the Council for Responsible Nutrition, 80% of Americans use some type of supplement. International businesses selling their services and products within the US. No Comments. 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. 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. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Nutraceutical companies offer a lot to their consumer base, which includes anyone looking to improve their health or beauty—so, everyone. It is an anti-fraud security feature to help verify that you are in possession of your credit card. As a result, it may make banks hesitant to approve merchant accounts for this. Other products and services considered high risk. net offers credit card payment services for more than 430,000 merchants, including merchants that could be categorized as high-risk. Nutraceutical Merchant Accounts: Nutraceuticals provide consumers with continuous monthly product shipments, from weight-loss supplements to energy boosters. Direct Post OR 3 Step Redirect transactions (so you don’t have handle sensitive. Nutraceutical Merchant Accounts Ready to take your nutraceutical business to the next level? Merchant accounts for nutritional supplements We are the #1 provider of. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. If you have been Previously rejected or discarded by another processor, we can help you get back on track. In fact, our low rate guarantee ensures you’re getting the. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. ) Still, the stakes are high for CBD businesses. Nutraceutical. Merchants experience resistance to tobacco credit card processing during card-not-present (CNP) transactions. Even more so, there seems to. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. 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. So, merchants in this industry need to find a way to obtain one. Since herbal products and nutraceuticals doses are taken for a continued period of time which makes customers buy the same product repeatedly. There are several point-of-sale (POS) systems that developers claim to be quite suited for nutraceutical stores. This will allow customers. Demand for nutraceutical products shows no signs of slowing down. We offer high-risk merchant accounts in a variety of industries. You will be contacted within one business day . 3%. This meteoric growth has propelled the industry into new frontiers, most notably in payment processing. According to reports, the global nutraceutical market is worth $233. The majority of nutraceutical merchants who come to us have recently had their old processor shut down. With access to hundreds of US and international banks, all payments are covered. The market for nutraceuticals, sometimes known as “nutra,” is expanding both domestically and internationally. Soar Payments: Best for. But then, without a merchant account, you will not be able to Accept Credit Card and debit card payments. Payment processing would include credit card processing, debit card processing, and ach payment processing. Why is it so? They deal directly with the trusted banks. Credit Card Processor Merchant Services Herbal Supplements and Nutraceuticals . Unfortunately, some banks and credit card processors consider certain businesses and. They enable offshore credit card processing for your business and other offshore payment processing like debit card payments, net banking, UPI, etc. Best Credit Card Processing for Nutraceutical Companies . You fill out the form, submit a few documents, and wait. What You'll Need to Secure a Nutraceutical Merchant Account. EN. The best way to get a poor credit account is to provide processing data for your business. Merchant Account for Nutraceutical Products. The American Clearing House (ACH) offers a type of payment that is 100% electronic but does not involve a credit or debit card. Now, with no chargeback payments, you expand your sales, protect your customers, and increase your profits. High ticket merchants and merchants with bad credit. 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. If you have been Previously rejected or discarded by another processor, we can help you get back on track. Accept credit card payments and monitor your processing with your nutraceutical merchant account. Nutraceutical Credit Card Processing. And the best part – unlike ANY other merchant account provider we know of – we ACTUALLY have a 99% approval. 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. If you use a nutraceutical merchant account, you can sell supplements, vitamins, and herbal products without the fear of. Domestic and international solutions with no contracts, low rates and next day funding. Nutraceutical businesses come under the category of high risk. 3% plus 30 cents for invoices. This happened because the DEA in 2017 listed kratom as a “Drug of Concern” and most financial services companies cut ties with these businesses. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. 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. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. Each nutraceutical merchant account goes through an underwriting team who will determine its approval. Accept Credit Card Payments – as with most online transactions, the credit card payment option is expected in your online pharmacy. Why Join NMA? NMA Member Benefits; From Our MembersA merchant account is a specific type of bank account that allows merchants to accept payments. Nutraceutical products merchant accounts are available for almost all product offerings including Anti-aging, blood sugar balancing, colon cleansers, dietary / hormonal supplements, immune system boosters, metabolic & musculoskeletal health products, nutritional beverages, skin care, sexual performance enhancers, stress management,. Nutraceutical merchant accounts from High Risk Credit Card Processing Accounts. At SeamlessChex, we provide solutions that help your business get back on track. The list includes. We also provide in-house pre-underwriting of your supplement merchant account application. Pet supply merchant accounts Storage facility merchant accounts with AMSLV Seminar Merchant Accounts Herbal Products and. Mobile Card Reader. One gateway, One Application, One Point of Contact – multiple merchant accounts. Our dedicated team will guide you through the account setup process, ensuring a seamless onboarding experience. Let High Risk Solutions provide your business with the best merchant account services at the guaranteed lowest price!This is where nutraceutical is seeing a positive increase in the potential; the name is from a mix of the words nutrition and pharmaceutical and whilst it is supplements, extracts of actual food, it has no restrictions like the rules governing medicines, making a perfect business opportunity. SMB Global: Best for international merchants. Common Types of Nutraceuticals. In addition, businesses generally see an increase in ordering and payment acceptance rates with the high risk gateway. 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. 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. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. 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. 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. Depending on the business’ industry, the history of the business or its owner, these can affect a merchant requires a high-risk merchant account in order to operate. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. We provide natural supplement merchant accounts for the following: Startups and existing businesses – we help all types of businesses. How do I find the best nutraceutical merchant account providers? Start by researching providers online, looking at reviews, and comparing features. We're here to not only provide you with the highest quality payment processing options, but we also want to equip you with the proper tools to guard your merchant account from being pegged with excessive chargebacks as much. 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. 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. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. EquipmentA high-volume merchant account will allow you to have access to merchant processing services and online payment gateways. Our experienced staff will determine your specific needs and recommend a solution that meets your specific situation. Process Payments with a High-Quality Merchant Service Provider Since 2001, Instabill has been providing high-quality merchant services. To get a merchant account for your travel agency, you’ll need to follow these steps: . Nutra products range from oral supplements to teas, tinctures and salves. 25. We have a step by step proces to secure CBD 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. 6 billion by 2017. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. Your creditworthiness is evaluated to determine your eligibility for a nutraceutical merchant account, considering various risk and market factors. can maintain a merchant A business that accepts credit cards for goods or services. 15% with an added $. To get a merchant account, one must submit an application with a merchant account provider. 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 have found only 2 negative reviews about PaymentCloud, so the company is probably not a scam or ripoff. The ability to integrate Easy Pay Direct with. For this, the merchants depend on credit card payments from customers to make money and support growth. Merchant accounts provide entrepreneurs and individuals alike the ability to generate revenue using their own website or preferred eCommerce solution. But unusually high numbers of merchants are being declined for merchant accounts in their quest to accept credit card orders online. 1. 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. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. A Canadian merchant account is a specific type of bank account that allows merchants to accept payments. Large Average Ticket Size. 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 can be a major issue for businesses that rely on timely funding to cover expenses and keep. 02 billion (2023). As long as your business has a monthly processing volume of at least $50,000 per month, we can help you get. will be your last nutraceutical merchant account provider. 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. Los Angeles, CA (PRWEB) January 26, 2015 -- eMerchantBroker is proud to announce merchant account support for all businesses dealing in the nutraceuticals industry. In other words, a nutraceutical merchant account is necessary for any business that wants to be able to receive money from customers remotely, over the phone, or on the internet. To make sure that you pass these. This is well over what Visa considers an excessive level of chargebacks. Â 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. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. Online Credit Card Processing. During the application process, you’ll provide business details and financial. Your high-risk status will depend on your type of business, your credit score, processing volume, and more. Reserves can be held for 180 days after account closure before they are released. Nutra merchant accounts are in high demand and finding the right high-risk eCommerce merchant account nutraceutical provider is of utmost importance. Accepting ecommerce & recurring billing Nutraceutical businesses, they offer US & Offshore direct accounts, with integrated gateway and chargeback avoidance. In fact, many banks have. A bad credit merchant account is a specialized payment processing solution designed specifically for businesses with poor. Once the application is completed, the merchant will be required to have the following items: Completed website. Check out our nutraceutical merchant accounts. 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. Your information will be kept completely confidential. The accounts enable acceptance of payments from customers in the US and overseas. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Accept Payments Today. However,. Our application process is super simple and because we specialize in high risk business , our. SMB Global: Best for international merchants. Whether you call it dietary supplements, herbal supplements, or nutraceuticals, we have a. Nutraceuticals and supplements aren’t exactly “conventional”. International businesses selling their services and products within the US. This is the perfect solution for a pop-up shop, trade show, or any. I have the ability to provide your business with value by offering a sustainable business model with our. Performance Card Service (PCS) has over 20 years of experience in securing. What Is A High Volume Merchant Account: High volume merchant accounts provide businesses the credit card processing caps and limitations that are fishable to their revenue and product pricing. Benefits of a TTG. com, know that nutraceutical merchant accounts are hard to come by. 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®. For credit card processors, the nutraceuticals industry presents both unique opportunities and challenges. 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. At a compounded rate of 21% per annum, this dream will most likely come true. Letter from bank. Benefits of a Kava Merchant Account Services. Nonetheless, experienced payment companies. Large Average Ticket Size. A merchant account makes it easy for your credit card customers to pay you. They may even offer guaranteed merchant account approval. Easy Pay Direct. Call us Toll Free (866) 509-7199. 7650 South McClintock Dr #103-437 Tempe, AZ 85284 1-888-405. Power Your Business With Nutraceutical Merchant Accounts and Payments From MID Kingz Solutions — Easy, Reliable, and Secure. This type of credit card processing for nonprofits generally carries a transaction fee amounting to 2. Here are the top 5 high risk merchants that are mostly likely to process high risk payments. S. Many herbal products are also referred to as nutraceuticals. An appropriate label of contents is a must. 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. How to Find Your Merchant ID Number. A government-issued ID like a state-issued driver’s license. See Full List of Supported High Risk Industries. Durango Merchant Services: Best for highest-risk businesses. S. Without a mer. The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. Merchant accounts accept credit cards, debit cards, and other common types of online payment options, and having the right one can make the transaction process reliable and smooth for your customers. It is difficult to get a merchant account or payment solution for Nutraceutical businesses simply because of their high-risk nature. . 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. Access to new, emerging markets: With an offshore merchant account, an e-commerce merchant, for example, in the U. This is where the Nutra merchant account comes into work. Travel Merchant Account. APPLY NOW! Req. 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. A nutraceutical merchant account is a specialized payment processing solution designed specifically for businesses operating within the nutraceutical industry. Plus, we offer a wide range of automated billing and. APPLY NOW 866. Vape and E-Cig Merchant Accounts. Free application with no obligation. Skip to content. Contact us by phone or live chat for faster service. Requirements for Online Liquor Credit Card Processing. That said, merchants are required to disclose an easily-identifiable and verifiable opt-out option to customers. As a rule, nutraceuticals use the following NAICS code:. You have to meet your customer’s expectations by providing a way for them to pay via a debit or credit card. Nutraceutical companies rely on eCommerce and Mail Order/Telephone Order (MOTO) sales to scale their businesses. Diversify your nutraceutical merchant accounts to mitigate risk. Retail Payments. It can be done through either a bank or an independent sales organization (ISO). You're in control. A vacation club merchant account provides vacation clubs the abilities to accept payments on memberships from their customers. 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. Businesses that have a more than 3% chargeback ratio can have their merchant accounts terminated by credit card processors. It’s really a relatively simple process; first off, choose a merchant account payment processor. May 26, 2023. As with labeling and advertising regulations, the payment processing regulations surrounding nutraceuticals can be a minefield of. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. Business dealing in such products is categorized as high-risk business and most conventional banks and merchant processors will not provide services to companies like this. We help business owners like you keep their focus on making money. To get a merchant account, one must submit an application with a merchant account provider. Choose your Industry. In order to properly set up, a nutra business online, merchants make sure to go through a few important steps (we can help). . All Services;. No longer will customers call to purchase or. High Risk. Nutraceutical Merchant Account. It enables nutraceutical merchants to securely process payments for a wide range of dietary supplements, vitamins, herbal products, and other nutraceuticals. Apply Now. Application for an offshore merchant account is always free, with no obligation. The nutraceutical industry — or nutra industry — has seen huge growth over the last 10 years. 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. Nutraceutical merchants require high volume processing capacity to accommodate growth. Acceptance of all type of credit cards: If you have a payment processor that works with all credit cards, the merchant can deal with people and companies all over the world and expand their business. See moreApply for a Nutraceutical Merchant Account to Accept Credit Cards. 49 billion by the end of 2025 with an annual compound rate of 8. Because credit card processors may not approve your application unless you can provide proof that your products are sourced from a GMP-certified manufacturer. True PIN Debit (NOT Cashless ATM) and eCheck services that are 100% compliant and transparent. 9% CAGR and an estimated $5 billion USD growth between 2016 and 2024 (up to $6. Many herbal products are also referred to as nutraceuticals. As a merchant, your best chance of opening a Nutra merchant account is dealing with a high-risk payment processing provider for your payment processing services. Stay processing and keep track of your transactions with your nutraceutical merchant account. A chargeback ratio of less than 2% We also ask that online businesses have a fully secure and functional website before they apply for a merchant account with us. But what happens if your merchant account application keeps getting rejected? Unfortunately, this is a common occurrence for debt collection businesses. A merchant account is necessary for these types of methods. You may also be able to add additional services depending on your needs. A start up mineral nutraceutical business needs the ability to accept payments for online sales. The future is looking good for nutraceuticals. 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. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. High Risk Credit Card Processing. The United States has the largest number of nutraceutical. Diversify your nutraceutical merchant accounts to mitigate risk. Create a proper label of contents. Because of this, we can increase your chance of merchant account approval and promise reliability over the long term. In fact, the industry is estimated to grow to a staggering $671 billion by 2024 worldwide. Get the processing capacity you need to manage & grow your nutraceutical business. Higher sales projections, lower credit scores, and inadequate financial standing may increase credit risk. At eMerchant Authority, we provide merchant solutions that are tailored to the unique needs of debt collection firms. This alert system helps keep. 1-800-621-4893. A nutraceutical merchant account is necessary for any business that wants to be able to receive money from customers remotely, over the phone, or on the… Shark Processing on LinkedIn: #. Once a business hits a ratio of 0. In addition, we can set up alternative payment methods such as ACH payments and E-checks. Nutraceutical Merchant Account.