The bank assigns this number when a business applies for a merchant account with the processing service. It is loose, and it is unregulated. 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. No Comments. 1 billion. Processing History for Stripe, Square, and PayPal. A merchant account is a specific type of bank account that allows merchants to accept payments. 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. Get a Merchant Account to Sell Supplements Online From MID Kingz Solutions. Nutraceutical Products Credit Card Processing. net offers credit card payment services for more than 430,000 merchants, including merchants that could be categorized as high-risk. Most banks in the world dread dealing with nutraceutical industry. Other benefits of Nutra products are: Improves sleep. Your Resource For Merchant Services. 1. Travel Merchant Accounts are a type of account that is used by travel agencies, tour operators, and other travel-related businesses to process credit card transactions. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Merchant Accounts. When you apply and get approved for a merchant account, you are given a unique set of numbers called Merchant Identification (MID). Once a high-risk nutra merchant account is approved, payment processors set monthly processing limits, typically between $25,000 and $100,000 per month, for the first three-to-six-months. These days, most. Supporting documents include: ID for the signer on the account; business bank statements; payment processing history; and details about the business entity. Unfortunately, this high projection still does not ease the process of being approved for peptide merchant account services from banks. Accessibility Click here for Accessibility adjustments. Our friendly and skilled representatives are standing by ready to assist you. 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. The final step in your custom nutraceutical supplement business is to begin processing payments on your site. To setup a payment processing account for Nutraceuticals Business, there is nothing like one size fits all. No longer will customers call to purchase or. ACH Payment Processing can help your small business with quick and secure electronic payment processing. L. Credit and Debit Card Payment Processing, Merchant Account. Your business generates five to six figures every month. All Nutraceutical Merchants welcome. – Adult Cruise Lines. When they are. Nutraceuticals are highly regulated products that require specialized payment processing solutions. 20-$1. A merchant account is a specific type of bank account that allows merchants to accept payments. 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. Domestic and international solutions with no contracts, low rates and next day funding. They may even offer guaranteed merchant account approval. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. Why supplement merchant accounts are a struggle. Traditional merchant accounts can be expensive and slow so you may consider an alternative solution. The setup time for a nutraceutical merchant account can vary based on factors like your business model, processing history, and compliance requirements. 55 billion this year and a projected CAGR of 9% for the next decade. Merchants with businesses that require high risk credit card. 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]. Soar Payments: Best for. A nutraceutical merchant account furnishes business owners with the capability of accepting credit cards and debit cards for payment processing in the nutraceutical industry. Most credit card processors are unable to commit staff to continuous platform surveillance. This is well over what Visa considers an excessive level of chargebacks. Los Angeles, CA (PRWEB) January 26, 2015 -- eMerchantBroker is proud to announce merchant account support for all businesses dealing in the nutraceuticals industry. Merchants that are operating high-risk businesses online will also need to use the services of a payment gateway to accept bank card information from customers. International accessibility. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. PaymentCloud is a merchant account provider that specializes in credit card processing solutions for high risk business types. EMB has partnered with Shopify to meet your payment processing and merchant account needs. At UniBul, we give you a nutraceutical merchant account with: Fast application approvals. An EMerchant Authority nutraceutical merchant account allows you to accept all credit cards, meaning you can sell your nutraceutical products to customers from all over the world. A Nutraceutical Merchant Account Application may be to risky if: Accounts with a negative checking account balance are problematic. Every merchant has a different ID number, much like every individual has their tax ID number. When a consumer calls a card issuing bank to dispute a charge. Allow 3-5 business days for approval of US nutraceutical credit card processing accounts. This oil offers protein-rich, polyunsaturated fatty acids to help lower cholesterol and improve the health of your brain and nervous system. An acquiring bank, also known as an acquirer, is a third party that offers a merchant account to a business for the purpose of accepting payments. Of the entire US sales volume, 37 percent were in dietary supplements. 252. 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. The process usually requires processing payments from the customer’s account into the vape merchant account. Taking part in the growth of Internet sales of vitamins and supplements One portion of the U. Two of the most common supplements today with difficulty in securing supplement merchant accounts have been SARMs and Peptides. Household debt is at an all-time high, and it’s more important than ever for debt collection agencies to have access to convenient and robust payment processing solutions to collect debt payments. Payment processing companies have fixed jurisdictions for merchant acceptance, and. 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. Nutraceuticals products are fortified food products that supplement diets with nutrients as well treat or prevent diseases. Acquiring and maintaining a reliable merchant account is a significant challenge for nutraceutical businesses. This meteoric growth has propelled the industry into new frontiers, most notably in payment. Get Started Today. A merchant account provider processes all types of cashless payments including checks, credit and debit cards, online, and mobile payments. The merchant can withdraw money from here. Therefore, most nutraceutical companies will have to use a partner who specializes in high-risk merchant A business that accepts credit cards for goods or services. Mobile. As just mentioned, several factors contribute to the growing difficulty of gaining approval for supplement merchant accounts. They offer point-of-sale solutions, online marketing tools, an online payment gateway, and virtual terminal services. At a compounded rate of 21% per annum, this dream will most likely come true. Identify a niche. Contact us to learn more about our services or start the application process today. At Allied Payments, we offer a wide array of merchant services, including payment processing, high-risk. Depending on several factors — industry type, processing history and sales volume — our merchant account fees are fair, competitive and consistent within the industry. Two of the most common supplements today with difficulty in securing supplement merchant accounts have been SARMs and Peptides. Why Join NMA? NMA Member Benefits; From Our MembersSix steps one should make to open a nutraceutical merchant account: 1. Virtual terminal merchant accounts include unlimited virtual terminals. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. streamline payment processing. com. ePay Global need the following documents for nutraceuticals payment gateway with an application which will help the application to be processed quickly: Recent processing statements from current acquirer; Breakdown of any membership periods; Incorporation documentsInternational Payment Processing (4) Lenders Merchant Account (2) Moto Merchant Account (1) Nutraceutical Merchant Account (1) Payday Lenders Payment Processing (1) Payday Loan Processing (3) Recurring Billing (13) Recurring Payment (12) SaaS (1) same day ach (2) Secure Payment Processing (14) travel merchant account (1)AMSLV is the go-to place for speedy merchant account approvals for your nutraceutical business. Nutraceutical merchants often have trouble finding online credit card processing and a reliable nutraceutical merchant account, which seems ludicrous considering that. US accounts take 3-7 days for approval. 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. Processing high-risk payments is crucial for businesses that handle online transactions. With a. However, we commit to provide the lowest rate to your merchant account. 3rd party integrations. 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. However, it is crucial to partner with a. 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. If your online store needs a stronger merchant and payment. We at EMB, or eMerchantBroker. The reason is that there is a growing interest in health and wellness, and the demand for dietary supplements is increasing rapidly. As specialists in high risk payment processing, we have the industry relationships necessary to help you obtain or improve. 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. Selling nutraceutical products can be a slippery slope, which is why we’re straightforward with banking guidelines and protocol. Generally, our team strives to expedite the application process. Terms like “processing for free trial merchants,” “fraud prevention” and “lower chargebacks” may indicate that they are equipped to handle the special challenges that your industry. 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. First, the industry is regulated. We provide online payment processing for high risk nutraceutical merchant accounts. 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. Some storefront and MOTO businesses use payment. Load Balancing. National Processing Great For High Risk Point-of-Sale. 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. Get Started Today. Approvals: 5 business days to 2weeks. The nutraceutical industry, as a part of the high-risk payment processing landscape, faces distinct challenges in payment processing, merchant account acquisition, and regulatory compliance. Check processing, ACH and direct debit;Host Merchant Services: Best for large high-risk businesses. Apply for a nutraceutical merchant account. Especially for high risk merchants. This tends to be a point that most nutra companies forget to address because they get comfortable with the payment processing company they work with; that should not be the case. According to Research and Markets, the industry will count for over $75. Obtaining nutraceutical credit card processing is a challenge sellers face. Reduced chargebacks– We are a reputable high-risk processor that offers a chargeback management system to all our customers. Please use our quick form to start the application process and get your store up and running today!. After convincing people to buy dietary supplements and herbal products online, nutraceutical merchant accounts rely heavily on front-end payment gateway technology when accepting credit and debit cards for their sales. When Instabill representatives are approached about a nutraceutical merchant account, we don’t mince words. For nutraceutical businesses, there are distinctive considerations. Free setup and zero upfront fees. As consumers increasingly turn to dietary supplements, vitamins, and herbal remedies for health and wellness. The Visa Secure is designed to look after the security of both customers and online merchants. 28 billion in 2019, according to Grand View Research. 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. Whether businesses require a virtual terminal or only need a gateway, Allied Payments can help. Get a secure Nutraceutical Merchant Account with QuadraPay. Here’s how to set up a fat-soluble Nutraceutical store. As specialists in high risk payment processing, we have the industry relationships necessary to help you obtain or improve. First Card Payments Ifyou’re starting a nutraceutical business, you’ll probably find that setting up payment processing Read: Nutraceuticals Business Guide. ECheck Processing; Fraud Protection. It can be challenging to navigate the payment processing restrictions that apply to nutraceuticals. How To Apply For A Supplements Or Nutraceuticals Merchant Account. Health experts attribute the nutraceutical boom to a rising health and fitness awareness in the. Unfortunately, many credit card processors do not want to work with nutraceuticals businesses. So, the cost of ACH processing depends on the payment processor you use. Factors such as fees, security, customer support, and compatibility with your business model need to be carefully evaluated. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. If chargeback rates are low, it is a good thing,. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. Business funding options. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. 8 billion in 2016. Chargeback protection. This is well over what Visa considers an excessive level of chargebacks. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. Chargebacks occur when a customer disputes a transaction with their credit card company, leading to a refund. Additional benefits include balanced hormones, improved mood,. We offer our vast array of skills and knowledge to help ensure that nutraceutical merchants and their. But along with your success, you have to pay attention and understand the rules and regulations of the industry – the. Banks and traditional lenders rather. Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. 1601. A high-risk merchant account will accept the risk and allow you to process credit cards. 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. This meteoric growth has propelled the industry into new frontiers, most notably in payment processing. With our nutraceutical payment processing, we make it easy to accept payments. Say you ’ re a subscription, adult, dating, business opportunity, cosmeceutical, or nutraceutical merchant and you ’ve been processing for a year or more. Of course, the large team will be there to assist you in completing the kit before sending it to the bank. The global nutraceuticals business reached total sales of approximately $180B in 2015; the industry projection for 2017 exceeded $204B. The overall fees include: Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. 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. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. Many people in this audience prefer to purchase their. Membership. In the thriving nutraceuticals digital marketplace, the role of advanced payment systems is crucial for businesses to thrive. customer history vault, and the most efficient Nutraceutical Merchant Account available in our industry. This includes information on individual transactions and batch totals with comprehensive reporting tools. The main reason is that many payment processors and banks consider nutraceutical companies high-risk merchants. What Merchants Say. High-risk industries such. In fact, the industry is estimated to grow to a staggering $671 billion by 2024 worldwide. Performance Card Service (PCS) provides herbal supplement merchant account services and other payment options to keep your business as healthy as the products you sell. Learn MoreGun Friendly Credit Card Processing; Credit Repair Merchant Account; Continuity Subscription Merchant; Large Digital Goods Merchant; Blog “Start Accepting Credit Cards Today” Get Approved Now ️. The global nutraceutical market is set to reach $285 billion by 2021 with a compound annual growth rate (CAGR) of. – Adult Magazines. The MasterCard 3D Secure code is only for one-time use and is only. A nutraceutical merchant account is a specialized payment processing solution designed specifically for businesses operating within the nutraceutical industry. For merchants who have processed credit card payments in the past, the underwriters will require monthly statements from each processor in order to underwrite. The Visa Secure is designed to look after the security of both customers and online merchants. This alert system helps keep. Take a look at your ACH payment processing, merchant accounts, and how your company handles chargebacks. (801) 829-9495 Apply Today A Comprehensive Guide to Nutraceutical Products and Securing a Merchant Account for Payment Processing While the process of securing a. The company offers a wide range of retail and e-commerce solutions for most business types, including adult, auto parts, collections, credit repair,. Instant check verification services for ACH accounts and electronic check payments are used to validate bank account information prior to processing an echeck payment. Merchant Accounts: Merchant accounts (or MIDs) are a type of bank that allows businesses to accept payments by debit or credit cards online. 1. Article by Jonathan Bomser | TouchSuite. Offshore Nutraceutical Merchant Accounts (with payment processing history): iPayToTal requires 3-6 months of payment processing statements displaying your company name as well as total sales, chargebacks, refunds, and returns. 1 billion. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. We welcome all merchants and our high risk merchant account services are easy to operate. Choosing the appropriate solution for merchant account processing is a critical decision for businesses. SMB Global: Best for international merchants. Look for vendors that use language stating they are friendly to your business. It’s basically an eCommerce list that warns other financial institutions. Process over $300,000 per month. Nutraceutical merchant accounts have also assisted the nutraceutical industry in a majority of ways. Nutraceutical-friendly merchant partners should be sought from the start. Having a merchant account is essential for receiving funds from a payment processor. Cross-border transactions are also a risk factor and can make it difficult to obtain a merchant account. Nutraceutical-friendly merchant partners should be sought from the start. Pet supply merchant accounts Storage facility merchant accounts with. Increases energy. Gain insights into secure payment solutions. Instabill’s new option for. Nutraceutical merchant processing history is also an important part of underwriting procedures with plenty of attention given to chargeback ratios. Improves gut health. 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. nutraceutical, type of food substance that helps to maintain health and prevent illness. Having built a network of acquiring banks that work with high risk industries, Instabill offers affordable nutraceutical merchant accounts. 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. Without a mer. With online businesses, this convention is the norm. offshore merchant account; credit card processing; solutions. The Payment Experts. The supplement industry experiences chargebacks because the products are not under heavy regulation by a government body. “The biggest risk is not taking any risk” – Mark Zuckerberg Online pharmacy is a leading business on today’s eCommerce market. 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. PaymentCloud rates as a reliable merchant account provider due to its clean complaint. Contact us to learn more about our services or start the application process today. We can process your payments quickly and efficiently, so you can focus on growing your. 20-$1. The payment processor processes and executes the payment. NMA investigates the Nutra firm and evaluates its payment processing history. The MasterCard SecureCode is a 3D Secure program adopted by MasterCard for the security of its customers. All of them are. New broker business echeck accounts are easily approved and set up. 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. You apply on your own to multiple processors and acquiring banks. Underwriters need to review the processing history to get a clear idea of chargeback issues a. NMA investigates the Nutra firm and evaluates its payment processing history. A virtual terminal connects to a secure payment processing gateway. EMB has partnered with Shopify to meet your payment processing and merchant account needs. Nutraceutical merchant processing history is also an important part of underwriting procedures with plenty of attention given to chargeback ratios. Step 4: Sell your nutra. Power Your Business With Nutraceutical Merchant Accounts and Payments From Scalesafe Payments — Easy, Reliable, and Secure. Nutraceutical Merchant Account. If you have everything in order, these service providers will see that your business begins processing payments ASAP. Lesser food cravings. Build good brand partnerships with influencers. Nutraceuticals and supplements aren’t exactly “conventional”. 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. These merchant accounts are also known as a "travel merchant services". We provide secure payment gateways (shopify, woocommerce, etc), ach & credit card processing. 3 months of business banking statements. Fortunately, it is possible to do so without hassle and worries because there are merchant account providers like HRMA-LLCHRMA-LLCExplore how high-risk merchant accounts are transforming the nutraceutical industry. 4 billion as of 2015, and is estimated to reach $204. Easy to find contact information on the Website, receipt, and packing slips. A third-party company that provides payment processing services for merchants. PaymentCloud is the #1 provider for Nutra and supplement credit card processing because we can connect directly to the software and solutions that your business already uses. Third is vaping and e-cigarettes. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. A government-issued ID like a state-issued driver’s license. According to Grand View Research, peptide sales are expected to peak at 48. You’ll earn a 20% commission on anyone you sign up, that starts processing payments with Easy Pay Direct. Supports reproductive health. Your company is growing and needs another merchant account. 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. Whether businesses require a virtual terminal or only need a gateway, Allied Payments can help. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. Sharper mental clarity. By Tony Ward April 27, 2021 2:27 amApplying for a European merchant account is a straightforward process. A nutraceutical product is a purified or isolated item that must have the ability to combat chronic diseases or have a physiological benefit. High risk products are products and services that are sold by merchants who operate within high-risk industries. This labeling has made applying for and approving a merchant account difficult. Bank account verification: Decreases return rates. The nutraceutical industry (“Nutra”) is no laughing matter. 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. Typically 3 months of processing statements will be suitable to prove your business is operating with the interests of your customers in mind. Getting started takes one minute Zenti was referred to me by my developer. The term nutraceutical was introduced in 1989 by American medical doctor Stephen L. This means that nutraceuticals imported from the United States, must be assessed and approved by Health Canada and a site licensed facility. The most recent negative review mentions held funds: Signed up for a processor sent all needed information, Just for funds to be held and canceled 90-180 days. Choosing an ideal payment gateway for your nutraceutical company whittles down the risks that come with processing. According to the Council for Responsible Nutrition, 80% of Americans use some type of supplement. This is because of strict guidelines for processing credit card payments that go beyond the requirements of most other industries. Also known as a tobacco shops, many financial services companies have distanced themselves from the industry. Free setup and zero upfront fees. But, understandably, they make. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. The number assigned to each merchant account to help with accounting, billing and customer service issues. The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. Check 22. SMB Global: Best for international merchants. These products include dietary supplements, vitamins, and health-related products often sold online. Funds leave the customer’s account and get deposited into the merchant account. By leveraging these solutions, businesses can streamline their payment processes, improve cash flow, and reduce the risks associated with cash-heavy operations. Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. The typical per transaction range is $0. Get approved for a nootropic, supplement and nutraceutical merchant account. Apply Now. Quick Client Access. Processing. We will also give you a few tips on how to choose. 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. With access to hundreds of US and international banks, all payments are covered. Once a high-risk nutra merchant account is approved, payment processors set monthly processing limits. Rich Cloud Reporting. Preferential rates exclusive to Merchant Advice. To get a merchant account, one must submit an application with a merchant account provider. The nutraceutical business is booming, and every year brings new products. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. Get started right now by contacting us online or giving our merchant services specialists a call at 844-661-0725. – Sex Toys. Once the application is completed, the merchant will be required to have the following items: Completed website. 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. This has created a significant demand for online credit card sales and nutraceutical merchant account services. S. Accepting checks requires using the customer’s bank routing number and checking account number to debit funds without a physical check present successfully. 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. The global nutraceutical market is set to reach $285 billion by 2021 with a compound annual growth rate (CAGR) of 7. For merchants who have processed credit card payments in the past, the underwriters will require monthly statements from each processor in order to underwrite and approve a merchant’s application. Nutraceutical merchant accounts from High Risk Credit Card Processing Accounts. All Nutraceutical Merchants welcome. Health Supplements Market Manufacturers of health products can end up with legal troubles if they deal with claims. We keep your money safe, so you can keep doing what you love. It is projected to leap 20 percent by 2019, and reach $6. These products include dietary supplements, weight-loss aids, colon cleansers, skin care products and anti-aging products. 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. Gateways; Cash Advances; Essential Services Menu Toggle. OLD processing history. government regulates nutraceutical businesses, which means these. With. In most cases, rates vary from merchant to merchant and are contingent upon factors such as processing history and the merchant’s financial history. 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. For more information, visit the PaymentCloud website or call (888) 506-7859. NPC (National Processing Company), a Vantiv company, is a leading provider of innovative payment processing and technology solutions. Based in Lindon, Utah, National Processing is a merchant account provider that serves both standard-risk and high risk merchant sectors. Discussing Nutraceutical Payment Processing & Merchant Account & Regulations. We provide natural supplement merchant accounts for the following: Startups and existing businesses – we help all types of businesses. In 2015, US sales were about $74B or 40 percent of the global market. Nutraceuticals (also referred to as nutra) is a growing industry in the United States and worldwide. Apply Now. Their consumption of calcium, Vitamin D, fish oil capsules, and supplements to keep joints moving without pain are at record levels. A government-issued ID like a state-issued driver’s license. Nutraceutical products are normally classified as high-risk. you would need a reliable payment processing provider to help you take care of credit card purchases made on your website. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. This makes it one of the most promising industries in the world today, thanks to more people investing in their health by buying dietary supplements, herbal products and nutrients. 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. Based in Lindon, Utah, National Processing is a merchant account provider that serves both standard-risk and high risk merchant sectors. The nutra industry has seen an annual growth rate of about 6. Most businesses have issues taking off, but when that business is labeled as “high risk”, the problems mount even higher. 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. Stay processing and keep track of your transactions with your nutraceutical merchant account. Step 4: Sell your nutra. No longer will customers call to purchase or. Most businesses have issues taking off, but when that business is labeled as “high risk”, the problems mount even higher. A nutraceutical product is a purified or isolated item that must have the ability to combat chronic diseases or have a physiological benefit. Free application with no obligation. Call us immediately to get on the fast track for high risk merchant processing, and get your high risk merchant account approved fast. One-time & Recurring Payments. Easy-to use centralized dashboard. services that are. An appropriate label of contents is a must. The merchant account provider will usually require a high-risk account to process these payments. That timeframe can vary based on your business and your credit history. Let us get you set up today. According to a recent report, the Global Nutraceutical Market was valued at $382. International merchant support. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. Ways that nutraceutical companies can get their credit card processing in order. What you did 2 years ago is irrelevant for most merchant account applications. This alert system helps keep. Within the realm of high-risk payment processing, the nutraceutical industry stands out as one of the most challenging sectors. 3. An eCommerce merchant account is not absolutely necessary. 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. In general, merchants with a bad credit merchant account will need to demonstrate a track record of successful credit card processing and a good. Underwriters analyze the application file to calculate the probability of handling payments for nutraceutical. They easily fall under the ‘High Risk’ category, but the opportunities of getting a huge market keep up the interest at a high degree. These businesses are often rejected by standard merchant accounts because of the risk to banks. To apply, first you need to complete the online application (which takes about five minutes), and upload any additional required documents. This includes information on individual transactions and batch totals with comprehensive reporting tools. 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. #1 eMerchantBroker Top Pick for Kratom Credit Card Processing.