PayDiverse is a nutraceutical payment processor that provides nutra merchants with premium high-risk nutraceutical merchant services, credit card processing & merchant approval. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. services. Zenti’s high-risk merchant account for CBD sales gets you set up and accepting payments online or in-store fast and easy. . Online Credit Card Processing. Payments Buttons. When a customer purchases a product using a credit card or other electronic payment method, a merchant account communicates with the card issuer, withdraws funds from the customer’s account, and credits the merchant. At Allied Payments, we have focused on providing businesses with specialized continuity merchant account services. Bread, cereals, and other grain-based foods. Businesses are often prohibited from accepting payments and processing transactions by underwriting banks. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. An online business generally utilizes a payment gateway, but transactions are not limited to e-commerce online payments. Without a merchant account, you will not be able to accept payment via credit card or debit card. The Comprehensive Guide to Healthcare Credit Card Processing. Our highly skilled team has merchant accounts for businesses with processing volumes ranging from $20,000-$100,000,000 and up per month. 6 billion by 2017. Nutraceutical Merchant Accounts; Tech Support; High Risk Merchant Accounts; Low Cost Credit Card Processing; CBD Merchant Accounts. If you are finally looking forward to spreading your busin…Online Payments | National Merchants. Resources; Have any Questions? Call us at (800) 621 - 4893; Are you an Agent? Get Started;. Unfortunately, this leaves nutraceutical business owners with a difficult time getting a merchant account to accept payments for supplements. This type of business is generally classified as high risk, making finding a reliable payment processor difficult. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. If you are looking for an ethical credit card processor that doesn’t hide fees or lock you into expensive contracts, see Phillip’s merchant account picks here. Easily accept bank payments from US buyers accounts with same day ACH debits. A merchant account is a specific type of bank account that allows merchants to accept payments. Though the merchants themselves are at risk, so is the merchant processing center that. Online sales began surging as soon as payment processors began approving card-not-present transactions. You need a merchant account to be able to accept credit card payments but you’ve been turned down before. ACH transfer. The customer service department of D&B will be aware which financial stress class you belong to. The Dun and Bradstreet Financial Stress Score and PAYDEX Score are available to pick up through D&B customer service or a third-party vendor. Corporate “one stop” online management for multiple business units reported via the same screen login; Advanced, customizable, and FREE online reporting and data collection; CONTACT AmCard Payments HERE to begin credit card processing with the most competitive and feature-rich Merchant Account available to Nutraceutical product. Rates for offshore merchant accounts vary, depending upon the region in which the acquiring bank is located. Since high risk businesses do not qualify for. If you would like to read the whole blog visit us atmerchant 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. In addition, nearly 50 percent of Americans said they carry cash with them less than half of the time they’re out, according to one recent survey. Merchant accounts in general are different as compared to traditional business bank accounts. Power Your Business With Nutraceutical Merchant Accounts and Payments From Scalesafe Payments — Easy, Reliable, and Secure Merchant accounts accept credit. Finding a willing acquiring bank is slightly more challeging then getting a traditional merchant account. ACCEPT PAYMENTS ONLINE. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. The Comprehensive Guide to Healthcare Credit Card Processing. SMB Global: Best for international merchants. Over the years, Shark Processing has partnered with leading credit card issuers, such. This surge has nurtured a thriving industry, where businesses must adopt robust merchant account processing systems to seamlessly accept credit cards and offer customers convenient payment choices. We have a step by step proces to secure CBD Merchant Accounts. Online Payments | National Merchants. To meet the requirements of EBT acceptance, your store must stock—and sell—a variety of the above foods. Clover: Best for POS. Electronic checks are a familiar and trusted payment method used by millions of US consumers on a regular basis. The company has earned high marks for its outstanding customer service and customized pricing plans. providing your credit card information in a secure manner. Different types of fees make up the monthly bills; including set fees and sales-based costs. Why is the Nutraceutical industry seen as a high risk for merchant accounts that accept credit cards? Payment processors often view the nutraceutical industry as high risk for several reasons. Many payment processors allow you to set up a dedicated merchant account, meaning the account is specifically. Due to frequent comparisons to nutraceutical companies, owners of cosmeceutical businesses need to be vigilant. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and. If you are looking for an ethical credit card processor that doesn’t hide fees or lock you into expensive contracts, see Phillip’s merchant account picks here. Allied Payments works with various high-risk friendly banks and specialized payment processors. A high risk merchant account is a specialized payment processing account designed for businesses that operate in industries with a higher risk of chargebacks or fraud than traditional businesses. 9% + 30¢ online. CyoGate does offer credit card processing solutions specifically for merchants in the online and mail order nutraceutical industry and we do have both domestic US and international solutions available. In The MediaA merchant account is a business account through a bank or merchant service provider that allows the business to accept payments from customers by credit and debit cards. Retail Payments. These supplements have experienced problems due to their use as a muscle-building steroids. Or call 888-5-PAYNET. Nutraceutical companies can often find it difficult to accept credit card payments due to the risk involved with their products. Nutra Payments Offers Retail & High Risk Nutraceutical Merchant Accounts. Most businesses have issues taking off, but when that business is labeled as “high risk”, the problems mount even higher. Ideal for businesses with a wired internet connection and a traditional storefront, these sales typically have the lowest fraud and chargeback risk and are therefore. How to Accept Credit Card Payments For Supplement Products & High-Risk Merchant Accounts In the supplement industry, accepting credit card payments is a must. A merchant account is a specific type of bank account that allows merchants to accept payments. *Attention business owners processing credit cards online* Your current processor may kill your business… Millions of merchant accounts were shut down last year by our competitors… We have a solution so that you can worry less about payment issues, have stable merchant accounts, and make more money online. The application process was a pain and it took. Our merchant account services also support returns and. Mobile: A mobile merchant account is more portable and allows your company to accept nutraceutical payment through credit card face to face by attaching the swiping machine to your mobile or iPad. The merchant account also includes an agreement between the payment processor and the retailer involved for settlement of the debit or credit card transaction. our expert team at First Card Payments will teach you how to accept credit card payments online as well as how to set up instant money transfers. Traditionally, that process slows things down… until now. Get Started Today. If your business is considered to be in a high risk category, working with a specialized payment services company is recommended. A start up mineral nutraceutical business needs the ability to accept payments for online sales. But then, without a merchant account, you will not be able to Accept Credit Card and debit card p. If you are looking forward to spreading your business worldwide, it is important to have…MERCHANT ACCOUNT AGGREGATORS (like PayPal and Stripe) allow you to accept credit cards in near real time – which is great… until they hold your funds or close your account (for whatever reason). The Advantages of a High Risk Merchant Account for Nutraceutical Products For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. Multiple payment options. Without a merchant account, you will not be able to accept payment via credit card or debit card. Credit Card Processing for Nutraceuticals and Herbal Companies. The Nutra payment processing emphasizes the need for a long-term, healthy merchant account. Catherine Nightingale. For this reason, Visa, MasterCard, and other major card brands set a limit on the number of chargebacks a business can incur. In today’s business climate, it’s unfathomable to continue business without the ability to process credit and debit card payments. That leaves your business without a way to take credit card payments, which usually means that your revenue stops. Your information will be kept completely confidential. To get a merchant account, one must submit an application with a merchant account provider. By 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. 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. Secured Payments All transactions are secured and encrypted for safety and security. Our payment gateway services give you access to information regarding your merchant account solutions. Adult industry merchant accounts help businesses to accept credit card or check payments online or in person. Multiple Underwriting Banks - If one bank decides to stop underwriting you and refuses to accept transactions, you want to have others that can take over without. 5. An e-commerce gateway acts as a secure bridge between the credit repair business's website and the payment processor, ensuring the smooth transmission of payment information. in-person; 2. Nutraceutical industry is viewed as dangerous by most payment choices and consequently they don't accept direct payment to your organization. O. 1. If you are finally looking forward to spreading your business worldwide, it is important to…Visa has recently announced two important changes to the credit card surcharge rules which will take effect on April 15, 2023. In order to properly set up, a nutra business online, merchants make sure to go through a few important steps (we can help). More. Merchant Accounts For Nutraceutical Products 1. Info. This type of merchant account allows businesses to accept credit and debit card payments from customers and process them securely. From account management software and CRMs to accounting applications, we can link into them all with just a click of a button. The merchant account acts as the middleman between the. Get a secure Nutraceutical Merchant Account with QuadraPay. Businesses in high-risk industries like nutraceuticals may struggle to find affordable payment. When can I start accepting payments? Typically, our merchants are able to begin accepting credit cards within 3 business days. 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. Best for online and international sellers: Durango Merchant Services. [3] Key In Information On Mobile Credit Card Processing App . . Upon approval and as to orders within credit limits, terms are net 30 days from date of invoice, unless a different period isLoan Modification Merchant Account; Credit Repair Merchant Account; Global ecommerce; Nutraceutical Merchant Account; Recurring Billing; Subscription and Membership Merchant Accounts;. Our MOTO merchant account allows users who operate call centers to create multiple virtual terminal users with payment gateway access. As a global leader in providing references for nutraceutical businesses to obtain merchant account services, MerchantNegotiators. With over 8000 dating sites worldwide, and more being added every day, competition is fierce. Too many businesses either get denied due to lack of information or lack of follow-through with the application. The minimum order size for the purchase of the Product shall be $2,000. You need a dependable high risk merchant account provider for your nutraceutical merchant account. Reasonable processing rates. Accept credit & debit cards. With access to hundreds of US and international banks, all payments are covered. Accept over 100 currencies in 196 countries; Rates starting at just 2. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. In today’s business climate, it’s unfathomable to continue business without the ability to process credit and debit card payments. For example, a merchant account like Seamless Merchant offers more than 25 bank relationships, allowing businesses to accept credit card payments securely, quickly, and efficiently. . Bottom line: you need a high risk merchant account provider to be successful in your industry. Under the new rule, merchants are no longer required to register with Visa. 3. The account includes online credit card processing, debit cards, and other payment methods. However, you may visit "Cookie. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. The transaction process that occurs when a sale is made between a customer and a merchant involves a number of actions and steps taken by the previously mentioned players. Collection Agencies. EMV capable, PCI Compliant, and modern for 2020! MK Cash Discount . m. And they often increase the chance that their merchant account will get. They also struggle to secure the financing they need to grow their business and cover costs. A merchant account is what allows your business to process payments made by credit, debit, gift or rewards cards. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. COVID-19 changed cash for good. 25. Typically, a merchant account for credit repair is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Without a merchant account, these businesses have no way to accept credit and debit card transactions. Allied Payments works with various high-risk friendly banks and specialized payment processors. At eMerchant Authority, we don’t decline dietary supplement merchant account applications simply. MO/TO merchants face this challenge due to the high chargebacks incurred, card not present (CNP) method of acceptance, and high volume of processing on a. First, the industry is. This is true whether you sell digital goods online or physical items in-store. Add echecks for more sales from US travelers. When shopping for a new. PSPs let you accept a wide range of payment. When choosing a high-risk payment processor, be sure to ask as many. Services. Get your merchant account approved today! Save Time Your time is valuable, so we won't waste it. Nutra merchant account enables one to accept different payment options. From account management software and CRMs to accounting applications, we can link into them all with just a click of a button. What if there was a single change you could make to improve your. Application and Approval: To secure a merchants account, your travel business will need to apply for a merchant account through a payment processor like Seamless Chex. If you are included in Nutraceutical deals and your works is online and you’re facing problem with the customers online payment transactions, we can help you, as you know that it can be hard to acquire merchant services for Nutra product sales. Mobile Card Reader. Merchants can begin processing in less than 1. S. Once a card transaction is complete, the funds go to a merchant account. TouchSuite ® Offers Efficient Merchant Services And Payment Processing For Your Nutraceutical Company. Credit card companies charge payment processing fees for each ecommerce transaction. Any merchant account provider that is allowing you actually to accept credit cards is doing so by defrauding their member bank. Create Multiple Virtual Terminal Users. Create a proper label of contents. It enables nutraceutical merchants to securely process payments for a wide range of dietary supplements, vitamins, herbal products, and other nutraceuticals. Insurance. The “high-risk” label can complicate obtaining a merchant account to accept credit card payments. There is no more important time to have a reputable, educated, and transparent merchant provider. Nutraceutical Merchant Account from EMB September 9, 2014 October 29, 2018 The nutraceutical business is booming, with new products being introduced every week, and TV doctors praising their benefits. For high-risk merchants, credit card processing online can be a challenge because of their corporate location or the industry they are involved in. There are slightly higher credit card processing fees and a reserve fund is commonly, although not always, required for nutraceutical merchant. We keep your money safe, so you can keep doing what you love. No caps on your processing volume. The application process was a pain and it took. The U. 700-749 Good. Accept all major cards and payment methods. If you are looking forward to spreading your business worldwide, it is important to have… Pricing for Nutraceutical Merchant Accounts. Unmasking the Nutraceutical Industry The nutraceutical industry has come a long way since its inception, offering products that blend nutrition with pharmaceutical benefits. Today, you have more options than just merchant accounts. Merchants can accept several payments, from bank cards to cryptocurrency, with a reliable ecommerce. Credit card processing for wholesale and retail businesses. Because your provider sets your American Express Rate—just like they do for the other card brands you accept. That, in turn, allows the company to increase sales. Multi-currency settlement. Mortgages. The Best Merchant Account Service Providers of 2023. Nutra merchant accounts are in high demand and finding the right high-risk eCommerce merchant account nutraceutical provider is of utmost importance. The merchant account is a type of bank account allowing businesses to accept payments. ACCEPT PAYMENTS ONLINE. Their consumption of calcium, Vitamin D, fish oil capsules, and supplements to keep joints moving without pain are at record levels. Our TMF or MATCH list merchant accounts allow you to get back to receiving credit card and eCheck payments - without exorbitant fees. Many retail and online merchants use a gateway and its integrated virtual terminal. May 26, 2023. Apply for a Nutraceutical Merchant Account to Accept Credit Cards. Six steps one should make to open a nutraceutical merchant account: 1. Nutra has nothing to do with pharmaceuticals. If you are finally looking forward to. A high risk merchant account can provide you with the capability to create revenue utilizing your website or preferred eCommerce option. With our nutraceutical payment processing, we make it easy to accept payments. Operating identically as other types of payment processing, these accounts are underwritten with the knowledge that the businesses using them will not be traditionally what banks see. Fortunately, TailoredPay can help businesses in the nutraceutical industry find the right high-risk merchant account for their needs. Comprehensive Merchant Account Solutions for Nutraceutical Businesses. International merchant support. 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. You may also opt to use a mobile card reader in order to start accepting credit card payments through a. 15% with an added $. You simply submit an application along with supporting documents. Nutraceutical businesses are among the high-risk ones – those susceptible to fraud, chargebacks, and strict legal regulations. But then, without a merchant account, you will not be able to Accept Credit Card and debit card p. Add more than 80 alternative payment methods favored by international buyers & watch your sales grow. Built-in virtual terminal. If you want to purchase CBD online or through a retailer’s store, you must make an alternative payment option ready as no one will accept the credit cards. They average 1. Straightforward, simple set-up. Accept payments any way customers want to pay you. D. This type of credit card processing for nonprofits generally carries a transaction fee amounting to 2. Banks issuing the cards receive these fees. We understand how challenging it may be to work with traditional payment processors, particularly when selling nutraceutical items and supplements online. Recurring Payment Support. 81% for a credit card and 0. We can provide your business the ability to accept credit cards with one of our merchant account providers. Start accepting payments quickly and efficiently. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. As consumers increasingly embrace dietary supplements, vitamins, and…Starting an online business that accepts credit cards is a huge goal for online merchants. After a customer pays for a product or service via credit card, the processor deposits the funds into a merchant account. Without a merchant account, you will not be able to accept payment via credit card or debit card. There are a lot of steps to setting up a business. They will help set you up with a POS system after opening your merchant account. Nutritional supplement businesses, among others, can use Shopify along with the Authorize. 250-721-6174. Get Your E-commerce Merchant Account. It encrypts sensitive data,. 5. One of them is that e-commerce sites that offer nutraceuticals generally get a higher number of chargebacks than different organizations. Way2pay. We do this so they don’t lose the ability to accept credit cards. Domestic and international solutions. Contact us online through our web page or call us toll-free at 1-888-548-5649 today to learn more about our special brand of telemarketing merchant account services and payment gateways. These features and techniques include: Fast settlements to merchants. To help nutraceutical entrepreneurs, DigiPay Solutions has created a “nutraceutical primer” with important information about setting up a merchant account, controlling. 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. Best Nutraceutical Merchant Accounts. We can provide your business the ability to accept credit cards with one of our merchant account providers. Our merchant account managers offer expert advice and guidance throughout the relationship of your account and will help you prevent fraud, reduce chargebacks and increase profits. An eCommerce Merchant Account is a special type of account that allows your online business to accept debit cards, and credit cards, for eCommerce Payment Processing on your e-commerce website. Offering the option to accept credit cards provides convenience to customers and maximizes sales potential. Nutraceutical Merchant Account. To get a merchant account, one must submit an application with a merchant account provider. A retail nutraceutical merchant account is a type of supplements merchant account specifically designed to accept face-to-face payments from debits and credit cards. fees. View accounts individually or on a global basis. A competitive payment processing fee for a standard retail small-business account might be 2. Stripe: Best for owners of multiple businesses and brands. If you are looking forward to. Accept debit & credit cards. We see cannabinoids and hemp products all over the internet. government regulates nutraceutical businesses, which means. So, when a nutraceutical company applies to a bank for a merchant account to accept debit and credit transactions, it hits a wall. Bankcard Brokers · May 17, 2016 · · May 17, 2016 ·Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers;. Offshore Credit Card Merchant Accounts. This includes information on individual transactions and batch totals with comprehensive reporting tools. All of your merchant accounts are managed through a single login to the gateway. We are experts in the nutraceutical credit card processing industry. Even if you have been previously rejected by other credit card processors or have a bad credit score and. The customer service department of D&B will be aware which financial stress class you belong to. First, the industry is regulated. The accounts enable acceptance of payments from customers in the US and internationally. When choosing a high-risk payment processor, be sure to ask as many. If you’re finding that your merchant A business that accepts credit cards for goods or services. High Risk Pay is a comprehensive solution perfect for nutraceutical merchants. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. (Included Description) Company Name Must Be Identified When a Customer Calls & when Sent to Voice Mail. As a result, most nutraceutical firms would need to work with a partner specializing in high-risk merchant services. Other fees can significantly affect the total costs of the merchant account. The company is best known for providing affordable credit card processing services to various high-risk industries. All Nutraceutical Merchants welcome. 5. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. MaxPayNow offers Nutraceuticals Merchant Accounts and payment solutions for the Nutraceuticals Industry. Instead, Stripe charges per transaction, with a higher online transaction fee than other. To get a merchant account, one must submit an application with a merchant account provider. 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. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. 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. Vendors who primarily sell online nutraceuticals need to accept credit cards for their products . Without a merchant account, these businesses have no way to accept credit and debit card transactions. Director, Payment & Banking Services. Nutraceutical Merchant Accounts & PaymentsA retail nutraceutical merchant account is a type of supplements merchant account specifically designed to accept face-to-face payments from debits and credit cards. THE BENEFITS OF HAVING AN ONLINE MERCHANT ACCOUNT. e. The U. Accept credit card payments and monitor your processing with your nutraceutical merchant account. Therefore, a high risk merchant account is required for these retailers to accept credit & debit cards. About Us; Services. In most cases, the money then transfers to the business's account in. Membership & Recurring Billing. Many of the challenges facing the nutraceutical industry have a shared thread. PCI Compliance. Phillip has researched and reviewed over 1,000 merchant services providers over the last 15 years. More importantly, Easy Pay Direct would love to play it’s part in helping you achieve your goals and service your consumers smoothly. Regarding in-person payments, 31% of consumers choose credit cards, and 34% select debit cards. They also struggle to secure the financing they need to grow their business and cover costs. That timeframe can vary based on your business and your credit history. We find the best payment processing solutions for your company! Learn more. Look for a mobile card reader that’s able to accept payments from a mobile device or digital wallet, as those payment methods are also increasing in popularity. That leaves your business without a way to take credit card payments, which usually means that your revenue stops. Increase your nutra merchant account stability with the right merchant account adviceCall us to find out more about Payment Processing and Accepting Credit Cards: (866) 353-2239 Visit our Socials to get more business tips and tricks: Facebook: Imgur:. REVIEWS; CREDIT CARD PROCESSING. 28 billion in 2019, according to Grand View Research. Small business credit card processing is made possible with payment processors such as Allied Payments, that also works with SMEs and startups. Get Payment specializes in offering high risk nutraceutical merchant accounts, tailored to meet the unique needs of businesses in this industry. 2. To get a merchant account, one must submit an application with a merchant account provider. Unlike PayPal or Stripe – We underwrite merchant accounts. Credit Repair. Accept credit card payments and monitor your processing with your nutraceutical merchant account. If you are looking forward to spreading your business worldwide, it is important to have the capacity to process such payments. For internet pharmacies and online vitamin stores. “Start Accepting Credit Cards Today” Get Approved Now ️. they are few banks that are willing to underwrite and accept credit card transaction in this industry. If you are finally looking forward to spreading your business worldwide, it is important to… Electronic payment processing refers to a system of accepting and processing payments digitally. Two of the most common supplements today with difficulty in securing supplement merchant accounts have been SARMs and Peptides. Today, you have more options than just merchant accounts. The transaction rate for retail is usually low as it has the lowest fraud and chargeback risks compared to other merchants. Automated clearing house (ACH) is a network that moves money electronically between bank accounts in the United States. No early termination fees or long-term contracts. More simply, any ISO or credit card processor knowingly allowing a marijuana dispensary to accept credit cards is allowing their bank end bank to believe that it is a different type of business. if you’re interested in working with us, you can start your EMAP application below or call us at: (800) 805-4949 | Get Set-up with a Merchant Account ». Accepting electronic checks is the best payment option for debt consolidation companies. Since processing card payments over the phone can help boost your sales and ensure. Accept cards on your site in two powerful ways: Buyers can pay directly with a credit card by entering card details; Buyers can use a WAAVE account to facilitate repeat purchases and get rewards 2. Finding a moto merchant account for your mail order and telephone order business can be difficult. Support the University British Columbia Mastercard while using your BMO credit card,. 4 billion as of 2015, and is estimated to reach $204. The nutraceutical industry is risky for most banks. Merchants can accept several payments, from bank cards to cryptocurrency, with a reliable ecommerce. However, these providers do not. With access to scores of US and international banks, all payments are covered. Fraud Prevention. Overcome the toughest of merchant challenges &. At SeamlessChex, we provide solutions that help your business get back on track. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. For example, if you process $20,000 or more a month, or if you have an average transaction amount of $500 or more, you risk more opportunities for higher chargeback ratios. Vitamins, Skincare, Nutraceutical The nutraceutical (or "Nutra") sector is not a laughingstock. Nutraceutical businesses is a business that falls into the “high risk” category as assessed by processing banks. The need for quick and reliable payments is the foundation for every online merchant’s success. The Advantages of a High Risk Merchant Account for Nutraceutical Products For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. Typically, a merchant account is used for credit card processing and eCheck processing, but can be used for a variety of payment processing needs. A merchant account is a must-have in order to accept credit card transactions. This will allow your customers to enter their payment information and complete the card transaction. For more information, visit the PaymentCloud website or call (888) 506-7859. How to accept credit card payments without a merchant account. Though bad credit takes much. Chargeback Prevention. 95%. These two niches have different purposes and demand a different business approach. Comprehensive Merchant Account Solutions for Nutraceutical Businesses.