Simply fill out the form below. To get a merchant account, one must submit an application with a merchant account provider. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. ACH Network transactions are fully electronic and governed by rules by NACHA and the Federal Reserve. 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. High Risk Nutraceutical Integrations. The accounts enable acceptance of payments from customers in the US and overseas. Once a business hits a ratio of 0. Merchant One: Best for Flexible Pricing Clover: Best for POS Stax: Best for Subscription Pricing ProMerchant: Best for High-Risk Businesses Payment Depot: Best for High Transaction Volume Square Merchant Services: Best for Startups Helcim : Best All-in-One Platform National Processing: Best. To setup a payment processing account for Nutraceuticals Business, there is nothing like one size fits all. Visit Website. Contact us today at 1-877-296-3690 to. One-time & Recurring Payments. Implement solutions that will assist the nutraceutical industry the most. A high-end reward card will charge a higher fee than a standard, no-rewards card. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. The typical per transaction range is $0. But along with your success, you have to pay attention and understand the rules and regulations of the industry – the. No longer will customers call to purchase or. These limits are typically between $25,000 and $100,000 per month. Get started right now by contacting us online or giving our merchant services specialists a call at 844-661-0725. Get approved for your nutraceutical merchant accounts! Learn MoreUniBul’s Nutraceutical Merchant Account. Third is vaping and e-cigarettes. According to Grand View Research, peptide sales are expected to peak at 48. This percentage has grown in recent years and companies selling supplements have increased as well. So, merchants in this industry need to find a way to obtain one. 02 billion USD over the next six years – at a compound annual growth rate (CAGR) of 9. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a. Many traditional payment processors are hesitant to work with high risk merchants, leading these businesses to seek out specialized high risk merchant account providers. 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]. Merchant Services For Travel & Entertainment Business | National Merchants. Our check solutions offer fast ach deposits to your existing business checking account for quicker cash flow. Debit PIN Pad and Stand Alone Terminal. With our nutraceutical payment processing, we make it easy to accept payments. EMB is recognized as one of the most experienced high risk providers in the industry. With high chargebacks, continuity billing and. Home; Merchant Services. High risk MCC codes can present challenges for nutraceutical businesses, particularly when it comes to securing a merchant account for payment processing. Merchant Portal; Payment Gateway, Payment XP; FAQs; 1. Built-in virtual terminal. Accessibility Click here for Accessibility adjustments. A virtual terminal connects to a secure payment processing gateway. You apply on your own to multiple processors and acquiring banks. Your company is growing and needs another merchant account. 2. Apply for a nutraceutical merchant account. 28 billion in 2019, according to Grand View Research. For high-risk merchants, credit card processing online can be a challenge because of their corporate location or the industry they are involved in. If you sell supplements, diet pills, or any vitamins online, you’ll want a payment processor that keeps your account running. Taking part in the growth of Internet sales of vitamins and supplements One portion of the U. 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. 49 billion by 2028. The merchant ID is used for. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Once a high-risk nutra merchant account is approved, payment processors set monthly processing limits. Diversify your nutraceutical merchant accounts to mitigate risk. Minimum processing: $5,000 minimum for national. We offer our vast array of skills and knowledge to help ensure that nutraceutical merchants and their. If you have already been processing card payments, then we will also require a three-month history of these statements A chargeback ratio of less than 2% We also ask that. 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. It is often a bank or other financial institution that is a licensed member of a card issuer such as Visa or MasterCard. Business funding options. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. Topping the list of high-risk businesses, the nutraceuticals market value is expected to reach an estimated USD 454. Dedicated to negotiating the best terms for your supplement & nutraceutical business. It is possible for a bad credit merchant account to be upgraded to a regular merchant account, but it will depend on the merchant’s credit history and the merchant account provider’s policies. Allow 3-5 business days for approval of US nutraceutical credit card processing accounts. Free setup and zero upfront fees. For Nutra firms that are new to processing, NMA will consider additional variables such as financial strength, third-party vendors used by the merchant, etc. One such option is eMerchant Authority which offers bad credit merchant accounts that your business needs to be able to receive payments. 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. Various payment methods, such as credit cards, debit cards, and other options, can be used for processing. After this, the money is transferred to your business account, which can later be used for your business activities, such as restocking your inventory, paying salaries, and more. S. – Pre-recorded Videos. In order to properly set up, a nutra business online, merchants make sure to go through a few important steps (we can help). PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. Call: 03 8592 0511 Call: +44 20 3670 1774 Given there are a lot of rules in the credit card processing industry these days, it may become difficult for legitimate nutraceutical and pharmaceutical sales companies to secure a functioning merchant account. 70 70. 8% between 2017 and 2022. Health Supplements Market Manufacturers of health products can end up with legal troubles if they deal with claims. 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. These days, most. Nutraceutical products are increasingly becoming more and more popular all over the world. To stay competitive, businesses must use. High volume Nutra merchant accounts are our specialty. As a result, Nutraceutical businesses face various challenges in payment. We provide online payment processing for high risk nutraceutical merchant accounts. Point-of-sale (POS) solutions. Free setup and zero upfront fees. Based in Lindon, Utah, National Processing is a merchant account provider that serves both standard-risk and high risk merchant sectors. Nutra has nothing to do with pharmaceuticals. This has led to more vape shops and online vape shops while increasing the need for ecommerce merchant. A merchant account provider processes all types of cashless payments including checks, credit and debit cards, online, and mobile payments. Internet based Nutraceutical Product transactions are conducted on our 100% secure platform. Typically 3 months of processing statements will be suitable to prove your business is operating with the interests of your customers in mind. Call Us: +1 (800) 530-2444. Nutraceuticals and supplements aren’t exactly “conventional”. These limits are typically between $25,000 and $100,000 per month. Merchant Services Providers can also help with the card networks in managing merchant accounts. High risk products are products and services that are sold by merchants who operate within high-risk industries. In the realm of high-risk payment. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. The repercussion of these characteristics is that most, if not all, banks would look at your business with doubt and consider it a high-risk. A high-risk merchant account will accept the risk and allow you to process credit cards. Most businesses have issues taking off, but when that business is labeled as “high risk”, the problems mount even higher. Nutraceutical Credit Card Processing. Nutraceuticals are highly regulated products that require specialized payment processing solutions. streamline payment processing. So, the cost of ACH processing depends on the payment processor you use. 3. 3 months of business banking statements; Approvals: 5 business days to 2 weeks; Offshore Startup. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. . Business operated in high risk” industries (see list below) Business offer’s a free trial followed by a recurring monthly or annual payment. What this means for you, the nutraceutical business owner, is that the process to apply for a nutra high risk merchant account is longer and tougher. net offers credit card payment services for more than 430,000 merchants, including merchants that could be categorized as high-risk. Your customers need an integrated and secure payment gateway to purchase their supplements. We provide secure payment gateways (shopify, woocommerce, etc), ach & credit card processing. Having built a network of acquiring banks that work with high risk industries, Instabill offers affordable nutraceutical merchant accounts. The MasterCard 3D Secure code is only for one-time use and is only. To get a merchant account, one must submit an application with a merchant account provider. For credit card processors, the nutraceuticals industry presents both unique opportunities and challenges. An ACH merchant account allows businesses to receive. You need EMB. As a growing industry, the demand for nutraceuticals and. com. Enjoy credit card processing solutions, a secure payment gateway, credit repair, a virtual terminal, etc. Without a merchant account, these businesses have no way to accept credit and debit card transactions. services that are. Fees also vary by card type. EMB has partnered with Shopify to meet your payment processing and merchant account needs. For high-risk merchants, credit card processing online can be a challenge because of their corporate location or the industry they are involved in. 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. But while the industry continues to gain legitimacy, and an eager public continues to purchase nutraceuticals every day, we have to wait for regulations to catch. Nutraceutical Merchant Account; Pharmacy Merchant Account;. Nutraceuticals products are fortified food products that supplement diets with nutrients as well treat or prevent diseases. All Nutraceutical Merchants welcome. Our highly skilled team has merchant accounts for businesses with processing volumes ranging from $20,000-$100,000,000 and up per month. Cross-border transactions are also a risk factor and can make it difficult to obtain a merchant account. ACH Payment Processing can help your small business with quick and secure electronic payment processing. 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. 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. If your business has a brick-and-mortar. Any computer with internet access can be used as a virtual terminal. Increase your nutra merchant account stability with the right merchant account adviceBy taking these steps, you can find the best nutraceutical merchant account providers that best suit your business's needs and helps you navigate the complex regulatory landscape. com. These products include dietary supplements, vitamins, and health-related products often sold online. Next, you can review our full proposal (which includes pricing), and DocuSign it when you’re ready. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Supports reproductive health. . Reasonable processing rates. For more information, visit the PaymentCloud website or call (888) 506-7859. eMerchantBroker has also received 12 informal reviews from merchants, with 10 of them positive in tone and 2 which are negative in tone. This includes information on individual transactions and batch totals with comprehensive reporting tools. The types of businesses approved for merchant services can vary between the different merchant-acquiring banks. ”. We charge the fees differently based on several factors: merchant processing history, industry type (low or high risk), projected sales volume, etc. To get a nutraceutical merchant account, an online application is the quickest way to an approval. NACHA , which operates the vast ACH network within the United States, doesn’t set the interchange fees associated with ACH payments. The bank assigns this number when a business applies for a merchant account with the processing service. #1 eMerchantBroker Top Pick for Kratom Credit Card Processing. The final step in your custom nutraceutical supplement business is to begin processing payments on your site. Contact us today to discuss your needs, and we’ll provide you with a more accurate estimate based on your specific situation. Reduced chargebacks– We are a reputable high-risk processor that offers a chargeback management system to all our customers. 65%, Visa will request an investigation into the cause and that an action plan be developed. Increases energy. Merchant Services Provider: also known as MSP. With access to hundreds of US and international banks, all payments are covered. Their consumption of calcium, Vitamin D, fish oil capsules, and supplements to keep joints moving without pain are at record levels. Contact us to learn more about our services or start the application process today. Their consumption of calcium, Vitamin D, fish oil capsules, and supplements to keep joints moving without pain are at record levels. They also struggle to secure the financing they need to grow their business and cover costs. It depends on the type of business the merchant operates. A merchant account is a specific type of bank account that allows merchants to accept payments. The Smart Drug Industry. You need a dependable high risk merchant account provider for your nutraceutical merchant account. 1. eMerchantBroker has also received 12 informal reviews from merchants, with 10 of them positive in tone and 2 which are negative in tone. Nonetheless, experienced payment companies. S. The company’s products include ACH processing, an online payment gateway, merchant cash. FFL (Federal Firearms License) The Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE) issues the FFL (Federal. Cross-border transactions are also a risk factor and can make it difficult to obtain a merchant account. When your assigned underwriter approves your account, you can start processing payments right away. High risk nutraceutical merchant accounts are in high demand for payment processing. Build good brand partnerships with influencers. First, the industry is regulated. Despite the fact that international drugs are 60 to 70 percent less expensive than drugs from the United States, Mastercard and Visa have formed an alliance with the Center for Safe Internet Pharmacies (CSIP) to stop the. 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. 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. services. Specializing in eCommerce businesses, Allied Payments can provide a host of different payment options. 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. To get a merchant account, one must submit an application with a merchant account provider. Look for vendors that use language stating they are friendly to your business. Complete, Secure Payment Processing Solutions. Given that it greatly reduces chargebacks, merchants benefit greatly in Visa Verified transactions by getting an extra authentication factor with every transaction that go through their site. Other products and services considered high risk. An application is submitted along with along additional information about your business. 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. Multi-currency settlement. Pet supply merchant accounts Storage facility merchant accounts with. 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. While traditional banks view companies in this sector as high risk, with a nutraceutical merchant account it is possible to Manage and develop your nutraceutical company with the processing capabilities you require. Here’s a snapshot of adult industries that use specialized payment processing: – Adult Bookstores. Companies that offer pharmaceutical alternatives struggle to obtain nutraceutical merchant accounts because the industry still struggles to find. 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. Applying for a nutraceutical merchant account requires. Reliable Payment Processing: With a high risk merchant account, a credit repair agent can ensure reliable and secure payment processing. In general, merchants with a bad credit merchant account will need to demonstrate a track record of successful credit card processing and a good. 3 billion in 2022, and is expected to grow at a CAGR of 8. While these processors have reduced the acceptable business models, there have been banks emerged with a risk appetite. National Processing Great For High Risk Point-of-Sale. Copy of the fulfillment agreement. It serves as a list of blacklisted merchants and prevents them from opening a new merchant account from a different credit card processor than their previous institution. 3. audience that continues to be extremely health conscious is the baby boomers. Some storefront and MOTO businesses use payment. The whole process can be completed in as little as 48 hours between application to processing payments. Nutraceutical Merchant Account. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. That’s where we come in. Get a Merchant Account to Sell Supplements Online From MID Kingz Solutions. Whether businesses require a virtual terminal or only need a gateway, Allied Payments can help. Process over $300,000 per month. Straightforward, simple set-up. If you've been declined by traditional banks, we know the frustration and can help overcome those hurdles and sign you up for a merchant account in as little as 72 hours. 49 billion by 2028. There are many merchant account providers to choose from to process cashless payments, but not every merchant account provider accepts high-risk. 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. PAYFASTO NUTRACEUTICALS PROCESSING DETAILS. In today’s ever-changing health and business landscape, the convergence of NMN, nutraceuticals, and merchant payment processing is revolutionizing our approach to well-being and financial… This will assist in the simple acceptance of a nutraceutical merchant account. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. 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. A subsidiary of Visa, Authorize. An ACH (Automated Clearing House) merchant account is a type of bank account that enables businesses to accept electronic payments from their customers through the ACH network. Nutraceutical merchant accounts have also assisted the nutraceutical industry in a majority of ways. This has led to more vape shops and online vape shops while increasing the need for ecommerce merchant accounts. Get Free Quote Start Processing Payments with Karma Payment Solutions. The nutraceuticals industry is booming in the United States, but how is it fairing around the world? In India the nutraceutical market is growing at a rate faster than in the U. Copy of call center agreement. Please use our quick form to start the application process and get your store up and running today!. Sharper mental clarity. Authorize. , with eMerchant Authority. Soar Payments: Best for. In the thriving nutraceuticals digital marketplace, the role of advanced payment systems is crucial for businesses to thrive. The global nutraceutical market is set to reach $285 billion by 2021 with a compound annual growth rate (CAGR) of 7. All Dating Merchant Accounts are unique but included terms stay the same for most: merchant discount rate (MDR), transaction fees, monthly gateway fee, 0-6. This is well over what Visa considers an excessive level of chargebacks. 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. Nutraceutical Merchant Account; Pharmacy Merchant Account;. On average, over 60 million automated clearing house transactions worth over $1 Billion are processed daily through. Additional benefits include balanced hormones, improved mood,. Published on November 7, 2018. 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. 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. Nutraceuticals (also referred to as nutra) is a growing industry in the United States and worldwide. So, what does it really mean to be Visa. Merchant Uses of Payment Processing Services. Medical Gift Card and Medical Discount Card Program. Those with legitimate pharmacy licenses can ensure a smooth process in securing a merchant. Many patrons of online pharmacies are having trouble purchasing medication from cheap, international online pharmacies using credit cards. What’s needed to get a nutraceutical merchant account. The right merchant account and payment processing solution is essential for any online business — it's even more critical for nutraceutical businesses, where reliability and brand reputation are crucial. The Payment Experts. 3 billion in 2017. Streamlines management of multiple accounts. 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. Underwriting Nutraceutical Merchant Accounts. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. Depending on several factors — industry type, processing history and sales volume — our merchant account fees are fair, competitive and consistent within the industry. 20-$1. How To Apply For A Supplements Or Nutraceuticals Merchant Account. The underwriting team scrutinizes the merchant’s financial history, credit score, business model, and other factors to determine the risk involved. Obtaining nutraceutical credit card processing is a challenge sellers face. They average 1. SMB Global: Best for international merchants. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. Typically, US banks need the past 3 months processing history, and EU and offshore banks the past 6 months. With. From account management software and CRMs to accounting applications, we can link into them all with just a click of a button. Credit and Debit Card Payment Processing, Merchant Account. Some high-risk ACH processing providers charge a flat rate. Further projections have. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. 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. Get Started Today. Nutraceutical companies offer a lot to their consumer base, which includes anyone looking to improve their health or beauty—so, everyone. The condition is even more tricky for Nutraceutical companies since they are affected by the High Risk vs Low-Risk categorization, done mainly by merchant account providers for Payment Processing. A No Chargeback Merchant Account, also known as a "high-risk" merchant account, is a specialized payment processing solution designed to cater to businesses that face a higher risk of chargebacks. They offer point-of-sale solutions, online marketing tools, an online payment gateway, and virtual terminal services. A government-issued ID like a state-issued driver’s license. Apply Now. MIDs are considered a highly sensitive information. Our highly skilled team has merchant accounts for businesses with processing volumes ranging from $20,000-$100,000,000 and up per month. 1 billion. However, we commit to provide the lowest rate to your merchant account. A merchant account is a specific type of bank account that allows merchants to accept payments. The merchant can withdraw money from here. Nutraceutical Merchant Accounts;. A high-risk merchant account is a holding account where money is received after the customer’s payment reaches. Nutraceutical merchants often have trouble finding online credit card processing and a reliable nutraceutical merchant account, which seems ludicrous considering that. Contact Us!!! at (866) 414-2722 . A government-issued ID like a state-issued driver’s license. First, the industry is. Most credit card processors are unable to commit staff to continuous platform surveillance. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. No caps on your. Most businesses have issues taking off, but when that business is labeled as “high risk”, the problems mount even higher. In this article, we focus on that, analyzing what a nutraceutical merchant account is. Vape and E-Cig Merchant Accounts. International nutraceutical merchant accounts are approved 7-14 days after the application file has been received and verified. Selling nutraceutical products can be a slippery slope, which is why we’re straightforward with banking guidelines and protocol. But while the industry continues to gain legitimacy, and an eager public continues to purchase nutraceuticals every day, we have to wait for regulations to catch. By Tony Ward April 27, 2021 2:27 amApplying for a European merchant account is a straightforward process. 4 billion as of 2015, and is estimated to reach $204. Reach out to our. – Webcam and Live Video Streaming Sites. Each nutraceutical merchant account is different. Rich Cloud Reporting. Despite […] High-risk payment processing refers to the handling of transactions that are considered to have a higher level of risk, such as products in the nutraceutical industry. Take a look at your ACH payment processing, merchant accounts, and how your company handles chargebacks. Preferential rates exclusive to Merchant Advice. Also known as a tobacco shops, many financial services companies have distanced themselves from the industry. Therefore, they require payment processing methods tailored to their needs. Nutraceutical merchant accounts from High Risk Credit Card Processing Accounts. Easy to find contact information on the Website, receipt, and packing slips. 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. While products change, one thing that stays the same is the hassle of locating a nutraceutical merchant account provider. What Merchants Say. Our friendly and skilled representatives are standing by ready to assist you. Our payment gateway services give you access to information regarding your merchant account solutions. If you take a nutritional supplement, you. The setup time for a nutraceutical merchant account can vary based on factors like your business model, processing history, and compliance requirements. To get a merchant account, one must submit an application with a merchant. 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. As part of the underwriting process, the processing history is checked. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. Funds leave the customer’s account and get deposited into the merchant account. Generally, our team strives to expedite the application process. Given that it greatly reduces chargebacks, merchants benefit greatly in Visa Verified transactions by getting an extra authentication factor with every transaction that go through their site. E cigs provide many of the same effects of nicotine without creating smoke, rather emitting water vapor. Our Internet merchant account services provide businesses with the reliability and security to run smoothly and thrive over the Internet. 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. In e-commerce, a shopping cart is a software application that allows customers to select and purchase products or services from an online store. This includes information on individual transactions and batch totals with comprehensive reporting tools. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. 8 billion in 2016. We provide natural supplement merchant accounts for the following: Startups and existing businesses – we help all types of businesses. 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. Three Months Processing history showing a at least $50,000 per month is required to qualify for an adult merchant account. The payment processor processes and executes the payment. Call us Toll Free (866) 509-7199. Enable 3D Secure in your payment gateway. 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. SMB Global: Best for international merchants. Generally, our. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. Merchant accounts can be used in various ways, whether the merchant operates a storefront or the business accepts credit cards through a card-not-present (CNP) environment. Unfortunately, many credit card processors do not want to work with nutraceuticals businesses. They also struggle to secure the financing they need to grow their business and cover costs. 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. Keep in mind while seeking the help of any firm to setup a Nutraceutical payment processing account, be aware of predatory processing. Better skincare. 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. Nutraceutical businesses are among the high-risk ones – those susceptible to fraud, chargebacks, and strict legal regulations. In general, nutraceutical start ups experience a lot of chargebacks. Banks issuing the cards receive these fees. Improves gut health. For this, the merchants depend on credit card payments from customers to make money and support growth. 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.