A nutraceutical product is a purified or isolated item that must have the ability to combat chronic diseases or have a physiological benefit. Merchant Uses of Payment Processing Services. 50. 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. If your business has a brick-and-mortar. Typically, a merchant account is used for credit card processing and eCheck processing but can be. Overcome the toughest of merchant challenges & disapprovals. S. 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. Underwriting Nutraceutical Merchant Accounts. eMerchantBroker has also received 12 informal reviews from merchants, with 10 of them positive in tone and 2 which are negative in tone. 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. Approvals: 5 business days to 2weeks. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. This way, merchants can play an active role in keeping a stable and reliable merchant account open and processing. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. Diversify your nutraceutical merchant accounts to mitigate risk. According to recent reports, the Indian nutraceuticals market will probably make to the tune of $10 billion come 2022. Merchant Services For Travel & Entertainment Business - National Merchants is your trusted partner and advocate in credit card processing. This is why, although nutraceuticals and dietary supplements have become a hot industry, they are a closely watched one. Merchant Solutions. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. 2. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. 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. An ACH merchant account allows. 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. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. This includes information on individual transactions and batch totals with comprehensive reporting tools. To comply with the FDA’s guidelines, nutraceutical companies must first apply for a high-risk nutraceutical merchant account. Better skincare. com, know that nutraceutical merchant accounts are hard to come by. The potential of growth is thus ignored in favor of playing safe. We approve the accounts, manage risk, clear payments, and pay the forex merchants. This percentage has grown in recent years and companies selling supplements have increased as well. Keep in mind while seeking the help of any firm to setup a Nutraceutical payment processing account, be aware of predatory processing. A merchant account is a specific type of bank account that allows merchants to accept payments. In this article, we focus on that, analyzing what a nutraceutical merchant account is. ECheck Processing; Fraud Protection. streamline payment processing. Nutraceuticals are divided into three distinctive categories: functional food (probiotics, nuts, tomato products, yogurt), functional beverages (sports drinks), and dietary supplements (vitamins, minerals. They additionally battle to secure the. government regulates nutraceutical businesses, which means these. 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. 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. They also struggle to secure the financing they need to grow their business and cover costs. This means that nutraceuticals imported from the United States, must be assessed and approved by Health Canada and a site licensed facility. Established herbal supplements and nutraceutical businesses that have a current merchant account and carry favorable processing history will have some leverage in negotiating rates with processing banks. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Nutraceutical Products Credit Card Processing. Check processing. While these processors have reduced the acceptable business models, there have been banks emerged with a risk appetite. All of them are. What Merchants Say. Nutraceuticals are highly regulated products that require specialized payment processing solutions. Specializing in eCommerce businesses, Allied Payments can provide a host of different payment options. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. In the thriving nutraceuticals digital marketplace, the role of advanced payment systems is crucial for businesses to thrive. Most of the account providers follow a two-step approval. S. Third is vaping and e-cigarettes. Get the processing capacity you need to manage & grow your nutraceutical business. The underwriting team scrutinizes the merchant’s financial history, credit score, business model, and other factors to determine the risk involved. It’s perfect if chargebacks are tiny. Accessibility Click here for Accessibility adjustments. On average this is 5+ years!CBD oil boasts of many good sources including vitamin E antioxidants, magnesium, zinc, calcium, and many, many others. Supporting documents include: ID for the signer on the account; business bank statements; payment processing history; and details about the business entity. 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. Health experts attribute the nutraceutical boom to a rising health and fitness awareness in the. residents have become more focused on preventative health and are willing to spend a lot of money on vitamin supplements and other nutraceutical items. Nutraceutical merchant accounts have also assisted the nutraceutical industry in a majority of ways. A simple, easy to find return or refund policy. Vape and E-Cig Merchant Accounts. With a. Contact us today at 1-877-296-3690 to. The Visa Secure is designed to look after the security of both customers and online merchants. Here’s how to set up a fat-soluble Nutraceutical store. These businesses are often rejected by standard merchant accounts because of the risk to banks. Our Internet merchant account services provide businesses with the reliability and security to run smoothly and thrive over the Internet. As consumers increasingly turn to dietary supplements, vitamins, and herbal remedies for health and wellness. Typically 3 months of processing statements will be suitable to prove your business is operating with the interests of your customers in mind. This allows the acquirer to offer payment services to their clients. The global dietary supplements industry was estimated at $123. You’ll earn a 20% commission on anyone you sign up, that starts processing payments with Easy Pay Direct. What Merchants Say. Get Started Today. Better skincare. 8% between 2017 and 2022. Rich Cloud Reporting. Fees that PayFasto will charge depend on factors like processing history, method of sales, destination countries, volume of sales, and products. However, it is crucial to partner with a. That means more risk, to your business and to. DigiPay knows how to navigate the high-risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified. Get the up-to-date reports. Instant check verification services for ACH accounts and electronic check payments are used to validate bank account information prior to processing an echeck payment. STEP 4: OBTAIN NECESSARY PERMITS AND LICENSES. From the jump, they were impressive. A merchant account is a specific type of bank account that allows merchants to accept payments. The company offers a wide range of retail and e-commerce solutions for most business types, including adult, auto parts, collections, credit repair,. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. 98% approval rates for high risk credit card processing. Oct 17 -- 6 In today’s dynamic landscape of health and commerce, the convergence of NMN, nutraceuticals, and merchant payment processing is reshaping the way we approach wellness and business. Documents Required for Nutraceutical Merchant Account. A payment gateway is a bridge between the merchant, the customer, and the issuing bank that helps process transactions. 1 billion. Accounting for over $60billion in annual revenue, the nutraceutical market is expected to surpass $100billion by 2024. Straightforward, simple set-up. The types of businesses approved for merchant services can vary between the different merchant-acquiring banks. The whole process can be completed in as little as 48 hours between application to processing payments. The bank-to-bank transfers direct payment platform was designed specifically for high risk ecommerce businesses including nutraceutical merchants. The same merchant account can be used for online payments or. 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. Topping the list of high-risk businesses, the nutraceuticals market value is expected to reach an estimated USD 454. If you sell vitamins, herbal products, or supplements, you will likely have to open a high-risk nutraceutical merchant account with your bank or payment processor. According to the Council for Responsible Nutrition, 80% of Americans use some type of supplement. Underwriters need to review the processing history to get a clear idea of chargeback issues a. Enjoy credit card processing solutions, a secure payment gateway, credit repair, a virtual terminal, etc. International adult. Merchant Accounts: Merchant accounts (or MIDs) are a type of bank that allows businesses to accept payments by debit or credit cards online. Check processing, ACH and direct debit;Host Merchant Services: Best for large high-risk businesses. At a compounded rate of 21% per annum, this dream will most likely come true. Bank account verification: Decreases return rates. Quick Client Access. – Webcam and Live Video Streaming Sites. Are you looking for a Merchant Account to process payments for your online nutraceutical business? Merchant accounts for Nutraceutical businesses are not easy to get. The reason is that there is a growing interest in health and wellness, and the demand for dietary supplements is increasing rapidly. 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. Despite the money-making potential for nutraceutical businesses, companies are. There are many companies out there in the market providing Nutra payment gateway and nutraceutical merchant account. You need a dependable high risk merchant account provider for your nutraceutical merchant account. Why Join NMA? NMA Member Benefits; From Our MembersSix steps one should make to open a nutraceutical merchant account: 1. The Payment Experts. In e-commerce, a shopping cart is a software application that allows customers to select and purchase products or services from an online store. services. 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. We provide secure payment gateways (shopify, woocommerce, etc), ach & credit card processing. Navigating these complexities requires a strategic approach, a commitment to quality, and partnerships with specialized high-risk payment processors. Gateways; Cash Advances; Essential Services Menu Toggle. One-time & Recurring Payments. ”. net Nutraceutical Merchant Account | Payment Processing for Nutra Industry Ready to Get Approved? Get Started Today! What is a Nutraceutical Merchant Account? Any business that accepts card-based payments must have a merchant account, which is a dedicated bank account reserved for credit card, debit card and rewards card deposits. Traditional merchant accounts can be expensive and slow so you may consider an alternative solution. The merchant ID is used for. First Name. Early warning chargeback prevention services. 4 billion as of 2015, and is estimated to reach $204. Bank transfers are the safest online payment method available for nutra merchants. How To Apply For A Supplements Or Nutraceuticals Merchant Account. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a. Say you ’ re a subscription, adult, dating, business opportunity, cosmeceutical, or nutraceutical merchant and you ’ve been processing for a year or more. Soar Payments: Best for. The underwriting team scrutinizes the merchant’s financial history, credit score, business model, and other factors to determine the risk involved. The overall fees include: Accept payments from US and international customers quickly and easily with nutraceutical merchant 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. Major studies project that the global dietary supplements industry will grow to $278. It is often a bank or other financial institution that is a licensed member of a card issuer such as Visa or MasterCard. The reason is that more and more people are looking into natural cures for their ailments. 28 billion in 2019, according to Grand View Research. When you secure your payment processing volumes, you give yourself the ability to grow your company. 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. Soar Payments: Best for. Peptide Merchant Account. It ensures that customer payments are processed securely, protecting both the customer and the company. eMerchantBroker has also received 12 informal reviews from merchants, with 10 of them positive in tone and 2 which are negative in tone. A subsidiary of Visa, Authorize. Preferential rates exclusive to Merchant Advice. The Best Merchant Account Services. 7650 South McClintock Dr #103-437 Tempe, AZ 85284 1-888-405-3093A high-risk merchant account is one that works with businesses with a higher risk of chargebacks, fraud, or failure. It enables nutraceutical merchants to securely process payments for a wide range of dietary supplements, vitamins, herbal products, and other nutraceuticals. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. An online business generally utilizes a payment gateway, but transactions are not limited to e-commerce online payments. Contact us to learn more about our services or start the application process today. Free setup and zero upfront fees. 3 months of business banking statements; Approvals: 5 business days to 2 weeks; Offshore Startup Nutraceutical Merchant. NMA investigates the Nutra firm and evaluates its payment processing history. Please use our quick form to start the application process and get your store up and running today!. Each nutraceutical merchant account is different. 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. Two of the most common supplements today with difficulty in securing supplement merchant accounts have been SARMs and Peptides. From a merchant account, the merchant can withdraw the funds. 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. A merchant account is a specific type of bank account that allows merchants to accept payments. S. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online. 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. Some high-risk ACH processing providers charge a flat rate. Fees also vary by card type. A nutraceutical merchant account furnishes business owners with the capability of accepting credit cards and debit cards for payment processing in the nutraceutical industry. Also known as a tobacco shops, many financial services companies have distanced themselves from the industry. Travel Merchant Accounts are a type of account that is used by travel agencies, tour operators, and other travel-related businesses to process credit card transactions. The US share of the global market was substantial. 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. and civil and criminal history. SMB Global: Best for international merchants. 50. This is a private code sent to MasterCard account holders’ mobile numbers or email addresses that provides additional security to every transaction. Nutraceutical Credit Card Processing. E cigs provide many of the same effects of nicotine without creating smoke, rather emitting water vapor. Get Started Today. 6%. The Visa Secure is designed to look after the security of both customers and online merchants. We at EMB, or eMerchantBroker. 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. 1. Yet the reality of the situation is such that these natural and synthetic supplements and drugs, used primarily. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. What Are Nutraceutical Merchant Accounts? A nutraceutical merchant account is required to accept and process card payments. Credit history of unpaid bills and a pattern of late payments If you're looking for payment solutions that will positively impact your business, Zen Payments is ready to help. Get a Merchant Account to Sell Supplements Online From MID Kingz Solutions. A payment gateway is an Internet application offered by merchant services providers for use to authorize high-risk credit card and debit card payment transactions. Nutraceutical Merchant Processing Accounts | Getting It Right. The nutra industry has seen an annual growth rate of about 6. 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. They easily fall under the ‘High Risk’ category, but the opportunities of getting a huge market keep up the interest at a high degree. A high-risk merchant account is a holding account where money is received after the customer’s payment reaches. Applying online is so easy, an online or retail business can begin the process to obtain a nutraceutical company merchant account today. Any computer with internet access can be used as a virtual terminal. An appropriate label of contents is a must. 5%. Load Balancing. Check verification confirms that routing. All Nutraceutical Merchants welcome. com’s expert team can help you receive a merchant account for your online, shopping cart, recurring billing or free trial nutraceutical business in as little as 24 hours. So, the cost of ACH processing depends on the payment processor you use. First, the industry is. , with eMerchant Authority. They’re so well-established in fact that they work with over 60,000 merchants. Sharper mental clarity. Many big merchant account providers refuse. 3 months of business banking statements; Approvals: 5 business days to 2 weeks; Offshore Startup. Nutraceuticals are highly regulated products that require specialized payment processing solutions. 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. Membership. When your assigned underwriter approves your account, you can start processing payments right away. Especially for high risk merchants. “The biggest risk is not taking any risk” – Mark Zuckerberg Online pharmacy is a leading business on today’s eCommerce market. Within the realm of high-risk payment processing, the nutraceutical industry stands out as one of the most challenging sectors. Nutraceutical merchant processing history is also an important part of underwriting procedures with plenty of attention given to chargeback ratios. Merchants with businesses that require high risk credit card. Choosing an ideal payment gateway for your nutraceutical company whittles down the risks that come with processing. 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. The market for nutraceuticals, sometimes known as “nutra,” is expanding both domestically and internationally. Get Free Quote Start Processing Payments with Karma Payment Solutions. Consider looking for a credit card processing company that offers consulting as well. Nutraceutical businesses are among the high-risk ones – those susceptible to fraud, chargebacks, and strict legal regulations. The accounts enable acceptance of payments from customers in the US and overseas. The global nutraceutical market is set to reach $285 billion by 2021 with a compound annual growth rate (CAGR) of. The process usually requires processing payments from the customer’s account into the vape merchant account. This alert system helps keep. Simply fill out the form below. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. A Terminated Merchant File is used by processing companies to screen merchant account applicants. If you have started up more recently, provide what you have since the start. To get a merchant account, one must submit an application with a merchant account provider. The Payment Experts. Choosing the appropriate solution for merchant account processing is a critical decision for businesses. To get a merchant account, one must submit an application with a merchant account provider. Every merchant has a different ID number, much like every individual has their tax ID number. As specialists in high risk payment processing, we have the industry relationships necessary to help you obtain or improve. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. Supports reproductive health. Nutraceutical-friendly merchant partners should be sought from the start. Based in Lindon, Utah, National Processing is a merchant account provider that serves both standard-risk and high risk merchant sectors. The most common tier one payment processors on the market include Square,. From account management software and CRMs to accounting applications, we can link into them all with just a click of a button. A high-volume merchant account is a merchant account that is specifically geared towards merchants who have a higher than normal volume. In 2015, US sales were about $74B or 40 percent of the global market. As a business expands, our online payment processing services can quickly scale accordingly, preventing any. The company’s products include ACH processing, an online payment gateway, merchant cash. S. com. NMA investigates the Nutra firm and evaluates its payment processing history. These products include dietary supplements, vitamins, and health-related products often sold online. 3 billion in 2022, and is expected to grow at a CAGR of 8. Skip to content. Those with legitimate pharmacy licenses can ensure a smooth process in securing a merchant. EMB has partnered with Shopify to meet your payment processing and merchant account needs. – Online Dating. By Tony Ward April 27, 2021 2:27 amApplying for a European merchant account is a straightforward process. For more information, visit the PaymentCloud website or call (888) 506-7859. But in exchange, the fees are usually higher. Banks issuing the cards receive these fees. Ways that nutraceutical companies can get their credit card processing in order. We get nutraceutical merchants approved when other processors decline. The first step is identifying your exact vertical. 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. International merchant support. Multi-currency settlement. 2. Reduced chargebacks– We are a reputable high-risk processor that offers a chargeback management system to all our customers. This is particularly true for nutraceutical companies that need to harmonize customer needs while operating in full compliance with industry laws and regulations. With high chargebacks, continuity billing and excessive friendly fraud cases, it is not surprising that nutraceutical merchant processing is considered higher risk for traditional banks and payment processors. High volume of credit card transactions over $20,000 a month. This meteoric growth has propelled the industry into new frontiers, most notably in payment. This is crucial for building trust with clients and maintaining a strong reputation in the industry. Nutraceutical Merchant Accounts. Call us immediately to get on the fast track for high risk merchant processing, and get your high risk merchant account approved fast. . Cross-border transactions are also a risk factor and can make it difficult to obtain a merchant account. Reliable Payment Processing: With a high risk merchant account, a credit repair agent can ensure reliable and secure payment processing. These specialized accounts can. They may even offer guaranteed merchant account approval. If you take a nutritional supplement, you. However, we commit to provide the lowest rate to your merchant account. 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 accounts have also assisted the nutraceutical industry in a majority of ways. While these processors have reduced the acceptable business models, there have been banks emerged with a risk appetite. As a business expands, our online payment processing services can quickly scale accordingly, preventing any. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. A nutraceutical is a very broad term in the supplement world. The final step in your custom nutraceutical supplement business is to begin processing payments on your site. This includes wrinkle creams, dietary supplements in powder form, and libido. Having built a network of acquiring banks that work with high risk industries, Instabill offers affordable nutraceutical merchant accounts. We carefully combine high-quality services with low prices to further our goal of becoming the leading high-risk merchant account provider in the country. As a global leader in providing references for nutraceutical businesses to obtain merchant account services, MerchantNegotiators. 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. Secure online payments with bank transfers are like cash payments and cannot be charged back. Nutraceutical-friendly merchant partners should be sought from the start. Why we like it: Square offers payment services based on a flat-rate processing model without a monthly. Debit PIN Pad and Stand Alone Terminal. Generally, our. 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. The rapid expansion of the nutraceuticals industry –food and drinks with possible health advantages – is driven by current shopper trends. Nutraceutical products are normally classified as high-risk. Accepting checks requires using the customer’s bank routing number and checking account number to debit funds without a physical check present successfully. According to recent reports, the Indian nutraceuticals market will probably make to the tune of $10 billion come 2022. 252. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. This means that this hold back percentage is taken out of each credit card sale until your allowed monthly volume is met. 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. Processing high-risk payments is crucial for businesses that handle online transactions. Chargeback protection. International accessibility. Get approved for your nutraceutical merchant accounts! Learn MoreUniBul’s Nutraceutical Merchant Account. Implement solutions that will assist the nutraceutical industry the most. Nutraceutical businesses can be very profitable. To get a merchant account, one must submit an application with a merchant account provider. Without a merchant account, these associations have no genuine method to recognize credit and check card transactions. 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. High Risk Nutraceutical Integrations. com today. PAYFASTO NUTRACEUTICALS PROCESSING DETAILS. 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. Once funds have cleared into your merchant account you can then move this into your business account. These supplements have experienced problems due to their use as a muscle-building steroids. 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. Taking part in the growth of Internet sales of vitamins and supplements One portion of the U. – Adult Cruise Lines. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. Our check solutions offer fast ach deposits to your existing business checking account for quicker cash flow. It is understandable that you would want to have a profitable credit repair business. For the CBD and cannabis industry, ACH and eCheck payment processing offer secure and reliable alternatives to traditional payment options. 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. The whole process can be completed in as little as 48 hours between application to processing payments. The Florida-based merchant account provider, Allied Payments is capable of serving most domestic high-risk business types. Unfortunately, many credit card processors do not want to work with nutraceuticals businesses. Medical Gift Card and Medical Discount Card Program. Unfortunately, many credit card processors would lean toward not to work with nutraceuticals associations. From a merchant account, the merchant can withdraw the funds. It is projected to leap 20 percent by 2019, and reach $6. High risk products are products and services that are sold by merchants who operate within high-risk industries. No longer will customers call to purchase or. However, eCommerce businesses benefit from the enhanced security of merchant account providers. It’s time to upgrade or switch your nutraceutical merchant account and focus on these new marketing techniques for 2021.