For some processors, this level of risk is simply too high. Organizations that deal with a large number of. government regulates nutraceutical businesses, which means these. When a consumer calls a card issuing bank to dispute a charge. S. 1-888-909-HEMP. These banks are registered with specific card associations, like Visa, Mastercard, or American Express. One study showed the average value of a cash transaction was $22, compared to $112 for the average non-cash transaction in 2019. This regulatory uncertainty has made it so that sponsor banks are unwilling to underwrite CBD businesses for credit card processing. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy, seamless. Nutraceutical Merchant Accounts. As a result, the websites of nutraceutical and supplement merchants must be constantly monitored. Secure, dependable payment gateway. Factors such as fees, security, customer support, and compatibility with your business model must be. Check out our nutraceutical merchant accounts today and. PCI compliance fulfillment, including complementary vulnerability scanning for ecommerce and IP-connected terminal merchants. Contact us by phone or live chat for faster service. Copy of the fulfillment agreement. If you sell supplements, diet pills, or any vitamins online, you’ll want a payment processor that keeps your account running. Nutraceutical businesses can be very profitable. The company establishes accounts using either the ACH network or Check 21 technology to process electronic check (echeck) transactions. High Risk Nutraceutical Merchant Accounts. High-Risk Gateways is in the market for a long time providing service to high-risk merchants. To comply with the FDA’s guidelines, nutraceutical companies must first apply for a high-risk nutraceutical merchant account. MerchantE has direct relationships with several sponsor banks. Get in touch: (877)-511-3402. These limits are typically between $25,000 and $100,000 per month. International merchant support. Every merchant has a different ID number, much like every individual has their tax ID number. Many herbal payment processors might offer kratom credit card processing services however, kratom is a prohibited product by the card networks. Oct. Low cost way to send funds. When using an offshore merchant account, your acceptable chargeback ratio increases from below 2% to 3-4%. APPLY NOW! Req. Funds settle to the merchant’s bank account immediately when the payment is authorized by the customer. How to Avoid Having your Nutraceutical Merchant Account Closed & TMF? Moneck Payment Solutions. Paulwell notes that the country has over 50 percent of the world’s established medicinal plants. Banks will avoid your nutraceutical company while CWBPAY specializes in your nutraceutical company. Vape and E-Cig Merchant Accounts. Free application with no obligation. With high chargebacks and continuity billing, some banks consider nutraceutical merchants too high of a risk. The business requires a safe merchant account solution but many of the banks do not prefer to provide them the account. Best Banks & Credit Unions in Victoria, BC - Coast Capital Savings, Td Bank Financial Group, Vancity Savings Credit Union, Rbc Royal Bank, Island Savings Credit Union,. We make it trouble-free to set up a merchant account so that you can concentrate on your business. It is difficult to get a merchant account or payment solution for Nutraceutical businesses simply because of their high-risk nature. If you've been declined by traditional banks, we know the frustration and can help overcome those hurdles and sign you up for a merchant account in as little as 72 hours. A bank letter or a pre-printed voided check; 3 months of the most recent bank statements; 3 months of the most recent processing statements, if applicable;Call us Toll Free (866) 509-7199. Benefits Of A Specialized Merchant Account For Nutraceuticals. Payment processing companies provide merchant accounts easily. co specializes in sourcing merchant accounts for difficult-to-place nutraceutical merchants. 30 cents USD per online transaction, and 4. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. under a license issued by a jurisdiction whose government has been identified by the U. It is loose, and it is unregulated. Banks and traditional. The best nutraceuticals merchant account. Get Your Financial Sources Together. 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. 503. Even though there is no law against the Nutraceuticals businesses, but banks and merchant services don’t accommodate the Nutraceuticals business. Banks will avoid your nutraceutical company while CWBPAY specializes in your nutraceutical company. M&M Merchant Card Services Inc. This type of merchant account allows businesses to accept credit and debit card payments from customers and process them securely. This type of account is essential to accept credit and debit card payments, and that is why nutraceutical merchants need to find another solution to open a merchant account. We’re Also Compatible With Many Other CRM. They can be used by businesses and consumers alike, and they make up a huge percentage of electronic transactions. The label “ high risk A merchant that is considered a high risk based upon the credit,. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. Gunbroker will charge you a 3% fee on the second $250 of that sale. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. If the bank. Completed Cannabis Merchant Account Pre Application. banks consider nutraceutical businesses to be high-risk because of the high chargebacks, lack of regulation of the product’s ingredients. These limits are typically between $25,000 and $100,000 per month. Or Call: 800-993-6300. Easy Pay Direct. This has created a significant demand for online credit card sales and nutraceutical merchant account services. Nutraceutical Merchant Accounts. Like many other companies that are classified as “high risk” by lenders, nutraceutical companies have uphill battles when they seek nutraceutical company merchant accounts. ePay Global is a trusted name in the market for providing a high-risk payment gateway for the all types of business, with specialization in Nutraceutical Merchant Account. No problem! Talk to a SeamlessChex representative today to see if a nutraceutical merchant account is right for you! Nutraceutical Merchant Account Solutions Made. Kelly Bissell. Multi-bank and offshore payment processing. But in exchange, the fees are. There are a number of merchant account providers and payment processors that offer offshore. Further projections have the U. TouchSuite ® Offers Efficient Merchant Services And Payment Processing For Your Nutraceutical Company. Once a business hits a ratio of 0. App. Some payment service providers (aka PSPs), however, have banking partners that offer quality nutraceutical merchant accounts. Your nutraceutical merchant account could be slowly bleeding you dry and sucking out extra capital. 9% to 685. With a supplement/nutraceutical merchant account from BankCard USA, you don’t have to settle for exorbitant processing rates, hidden fees and slow equipment. 855-562-ACH2; info@nationalach. We know you’ve probably thought. This prohibition can be for several things, including the owner’s financials or credit background to the sales history, transaction types, or industry that the business operates within. The difficulty in getting account authorization with many banks for high-risk nutraceutical merchants in this sector forces them to look for a high-risk credit card processor. 1. If processors and banks carefully manage the risk associated with RCC transactions, the potential for fraud can be somewhat reduced. Banks that fund nutraceutical merchant accounts that market illicit ingredients or goods can be found responsible once more. The nutraceutical industry is prone to chargebacks for a variety of reasons, causing merchant A business that accepts credit cards for goods or services. Published by Max on January 24, 2023. The payment gateway from Patriot Bankcard supports multi currency processing in over 160 currencies, including USD, GBP, and euros. Super support. We at EMB, or eMerchantBroker. Get approved for a nootropic, supplement and nutraceutical merchant account. This is based on a small business with a physical office location. NACHA , which operates the vast ACH network within the United States, doesn’t set the interchange fees associated with ACH payments. Nutraceutical merchants require a card processing associate that works in their best interest. Additionally, they are responsible for the collection of taxes and fees associated with the transactions. 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. The credit card companies have special rates for utility bill payments. The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. com is a registered ISO/MSP of BMO Harris Bank, N. As a high-risk specialist, EMB has years of experience in helping merchants other providers consider “too risky”, and. Both provide businesses with complete ecig merchant account services with various fees for account services, network services, and other transactions. At Fibonatix, we offer comprehensive nutraceutical merchant services that prioritize both the security of transactions and the convenience of your customers. Furthermore, people with scores between 300 and 600 are most likely denied access to good lending opportunities due to their low score status. Having built a network of acquiring banks that work with high risk industries, Instabill offers affordable nutraceutical merchant accounts. Merchant Account for Nutraceutical Products. Making an application for a High-Risk Merchant Account. With access to hundreds of US and international banks, all payments are covered. With a supplement/nutraceutical merchant account from BankCard USA, you don’t have to settle for exorbitant processing rates, hidden fees and slow equipment. S. There are many companies out there in the market providing Nutra payment gateway and nutraceutical merchant account. This is because we do not grade supplements and vitamins as high risk companies. That said, securing a nutraceutical industry merchant account requires working with a payment provider specializing in providing high-risk credit card processing services to nutraceutical businesses. Set your Supplements Business up with Merchant Account Services today! Contact one of our Peptides payment processing professionals for more information about the available services for your business in the supplement industry. The bank assigns this number when a business applies for a merchant account with the processing service. A Nutraceutical Merchant Account allows business owners to accept credit card payments for the high risk nutraceutical industry. We are the #1 provider of merchant accounts for the. Peptide Merchant Account. But then, without a merchant account, you will not be able to Accept Credit Card and debit card payments. Furthermore, there have been incidents of businesses selling CBD using merchant accounts to sell products with THC much higher than the 0. High-risk businesses typically operate in industries that are prone to chargebacks, fraud, and legal and regulatory complications, such as online gambling, adult entertainment, nutraceuticals, and e-cigarettes. Call Us: +1 (800) 530-2444. Hence, enhanced. Menu. We have the staff and experience to help you jump start your business in as little as 48 hours!. We are living in an age when leading a healthy life no longer means eating healthy and getting enough exercise. Nutra products range from oral supplements to teas, tinctures and salves. RBC Financial Group - Commercial Financial Services, V. STEP 3: REGISTER FOR TAXES, OPEN A BUSINESS BANK ACCOUNT AND SET UP BUSINESS ACCOUNTING. 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. You have to meet your customer’s expectations by providing a way for them to pay via a debit or credit card. sales@intl-payments. An R20 non-transaction account offers users a range of tax benefits. Nutraceutical merchants often have trouble finding online credit card processing and a reliable nutraceutical merchant account, which seems ludicrous considering that nutraceutical industry, or “nutra” industry as a whole brings in a yearly revenue totaling $181. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. Accounting for over $60billion in annual revenue, the nutraceutical market is expected to surpass $100billion by 2024. App. Gross Sales Monthly Volume. Domestic and international solutions with no contracts, low rates and next day funding. under a license issued by a jurisdiction whose government has been identified by the U. Traditional banks are not going to make it easy to open and maintain a merchant account for a nutraceutical business. 3. It was founded in 2009 by brothers Patrick and John Collison, who were only 19 and 21 at the. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. 6 billion by 2017. With high chargebacks and continuity billing, some banks consider nutraceutical merchants too high of a risk. Your customers need an integrated and secure payment gateway to purchase their supplements. High Risk Nutraceutical Merchant Accounts. This has left numerous organizer or. Stripe is used by more than 200,000 businesses around the world to accept payments on the web and mobile. They are also subject to high returns and credit card declines,. The global outlook for nootropics is also impressive, with a 17. When a customer makes a payment in this way, otherwise known as a card-not-present transaction, the money is processed into the merchant account before passing. Vape and E-Cig Merchant Accounts. Tip: If your business runs on a continuity model, it’s best to sign up for a high-risk merchant account for seamless credit card transactions. Nutraceutical products are normally classified as high-risk. Once a high-risk nutra merchant account is approved, payment processors set monthly processing limits. Our check solutions offer fast ach deposits to your existing business checking account for quicker cash flow. . 0 data. Its expertise helps merchants in getting a well-suited payment processing service to the. Get started right now by contacting us online or giving our merchant services specialists a call at 844-661-0725. 4 billion as of 2015, and is estimated to reach $204. This post will provide an in-depth review of why the nutraceutical industry is considered high-risk and a list of the best high-risk credit card. 4 billion in 2013, domestically, collecting $55. 06 billion ). The company is partnered with multiple acquiring banks, which allows it to offer flexible. Primary Menu. Home; Merchant Services. As a result, many merchants turn to offshore non-US processing solutions in order to remain in business. 3, 2019 • 0 likes. This is where the Nutra merchant account comes into work. The majority ofnutraceutical businesses spend their 1stfew months determining fulfillment, their ad bidding strategy, and other. All Nutraceutical Merchants welcome. This has created a significant demand for online credit card sales and nutraceutical merchant account services. The nutraceutical business is prone to chargebacks for an assortment of reasons, causing merchant accounts for Nutra organizations to be viewed as high risk by banks and regulatory bodies. Authorize. Visit our website and get to know more. These businesses are often rejected by standard merchant accounts because of the risk to banks. Because nutraceutical vendors are considered high risk merchants, accepting card payments can be a challenge; but not being able to accept these payment methods will almost certainly stifle the growth potential of the business and. The Challenges of Nutraceutical Credit Card Processing. In fact, our low rate guarantee ensures you’re getting. You Need to Open a Business Bank Account and a Separate Merchant Account. Communication Is A Priority; Meet the Team;For a US merchant account, the merchant typically must have the following: 1) US Bank Account. A government-issued ID like a state-issued driver’s license. Nutraceutical products are normally classified as high-risk. The acquiring bank, or acquirer, is where the merchant keeps a merchant bank account. DigiPay knows how to navigate the high-risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified nutraceutical merchants. So, traditional banks and most processors aren’t willing to work with them because of a number of reasons. Merchants find it very. Our plans are intended to give you the ease that you want to run your. under a license issued by a jurisdiction whose government has been identified by the U. Merchant Account for Nutraceutical Products In the event, if you are included in Nutraceutical deals, as you know that it can be hard to acquire merchant services for Nutra product sales. It’s pretty much a fact, that increased business almost always. Therefore, a high risk merchant account is required for these retailers to accept credit & debit cards. So, merchants in this industry need to find a way to obtain one. Due to lack of health regularization by the government, Nutraceuticals are tricky businesses to find merchant accounts. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. Need Credit Card Processing For Your Supplements & Nutraceuticals? When it comes to online credit card processing, nutraceutical merchants often have difficulty finding a merchant provider that will work with their business model. The accounts enable acceptance of payments from customers in the US and overseas. . 15% with an added $. Typically, our merchants are able to begin accepting credit cards within 3 business days. This alert system helps keep. Due to lack of health regularization by the government, Nutraceuticals are tricky businesses to find merchant accounts. Nutraceutical Credit Card Processing. cosmeceutical merchant accounts. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, in addition to our integration of chargeback and fraud prevention software, uniquely positions Soar Payments to provide “bad credit” merchants with stable, effective, long term credit card processing solutions. We have the banking relationships and underwriting in place to support nutraceutical supplement credit card processing. The sponsor bank is a key component in the payment process, responsible for transmitting funds to the merchant A business that accepts credit cards for goods or services. Step 3: Acquiring Bank Routes the Transaction. With a supplement and nutraceutical merchant account, accept credit cards online, in store or over the phone with next day funding. Services. These banks have been known to freeze merchant accounts or even close them on occasion when chargeback ratios begin to raise, which leave merchants unable to process debit and credit card. First of all, if you're looking to open a nutraceutical merchant account with a standard merchant. So if the banks are backing off how do you get approved for payment processing? You need to seek out a high risk merchant account provider that has bank sponsor relationships. Some adult payment processors will set you up with an offshore merchant account. So, the cost of ACH processing depends on the payment processor you use. Merchant Credit Card Processing Accounts. Added to the MRP – Mastercard Registration Program Acquiring banks has to include all merchants involved with negative option billing into the MRP to be compliant with the new rules. For this reason, they will put certain industries or business types on their restricted merchant list. An ACH merchant account allows. Obtaining nutraceutical credit card processing is a challenge sellers face. Durango Merchant Services for Telemedicine Merchant Accounts. The sponsor bank is responsible for getting the funds to the merchant and. Industries. For an instant quote on an Instabill nutraceutical merchant account, call us directly at 1-800-318-2713 or simply click the button to get started. Nutraceutical Merchant Accounts;. all the signers to the account. We offer award-winning fraud and chargeback protection and have strong relationships with over 40 banks who work with high-risk merchants both in the United States and offshore. Most e-cigarette merchant accounts use one of 2 pricing models; tiered pricing or cost-plus pricing, also known as interchange-plus pricing. Diversify jurisdictions. Merchant Processing Advisors can provide your company with a merchant account at a competitive rate along with the services and features that a nutraceutical company needs, such as the ability to handle multiple currencies, PCI compliance, integrated shopping carts, value added software, fraud and chargeback protection, and secure payment gateways. Los Angeles, CA (PRWEB) January 26, 2015 -- eMerchantBroker is proud to announce merchant account support for all businesses dealing in the nutraceuticals industry. These transactions include telephone orders (MOTO) and online. payment gateways, credit card processing, chargeback alerts & instant approvals. Username: Password: Login. It is often a bank or other financial institution that is a licensed member of a card issuer such as Visa or MasterCard. The best time to get nutraceutical merchant accounts is right now in 2020. Easy Pay Direct. 5% equals $8. $250 times 6% equals $15. Quick & Easy Merchant Account Setup! Contact our nutraceutical team. It’s basically an eCommerce list that warns other financial institutions. For instance, while there are other forms of nutraceuticals, some or many today consumers are likely to ask for fat-soluble nutraceutical supplements—unless they are after the vitamins in fat-soluble types like (B and C). It’s incredibly important to curb fraud and chargeback ratios to keep fitness merchant accounts in good standing. This allows the acquirer to offer payment services to their clients. We offer the industry's first transparent and compliant cannabis payment processing merchant account. Digital Product Merchant Accounts. The #1 rated high risk merchant account provider. Why we like it: Square offers payment services based on a flat-rate processing model without a monthly. In fact, the business is expected to reach a remarkable $671 billion in global revenue by 2024. A merchant account is what allows your business to process payments made by credit, debit, gift or rewards cards. Â Nutraceutical Product For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and a merchant account that supports your needs. 98% approval rates for high risk credit card processing. S. Nutraceuticals products are fortified food products that supplement diets with nutrients as well treat or prevent diseases. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. The reason is that more and more people are looking into natural cures for their ailments. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, combined with our integration of fraud and chargeback fighting technology, uniquely positions Soar Payments to provide low cost reliable merchant accounts for doc prep related businesses. Acquiring banks, who pay interchange to the issuing banks, decide whether or not to pass. Even US based businesses operating internationally. Nutra products range from oral supplements to teas, tinctures and salves. We do the rest. Simply fill out the form below. Merchants experience resistance to tobacco credit card processing during card-not-present (CNP) transactions. Multi-currency settlement. Learn the differences to keep your high risk merchant account up and running. It is often a bank or other financial institution that is a licensed member of a card issuer such as Visa or MasterCard. Enjoy Next-day payouts and no rolling reserves 5. 9 million transactions, compared to 641. Luckily, PaymentCloud isn’t like that. Why Was My Drop Shipping Bank Account Suspended? Top 10 Dropshipping Business Ideas for 2024; Why Was My Venmo Payment Declined? (High Risk Merchant. 3D secure adds an extra layer of security at checkout and can reduce overall chargebacks up to 70%. Unfortunately, this leaves nutraceutical business owners. . Our Nutraceutical Merchant Account Services. 1 billion. com works with a number of sponsor banks that provide both domestic and offshore high risk merchant accounts. a tax id number. Part of this underwriting process often involves providing proof of GMP certification. A high-risk merchant account is a type of bank account designed for businesses considered high-risk by financial institutions. S. Without a merchant account, these businesses have no way to accept credit and debit card transactions. Even if you receive a merchant account from a traditional payment processor, the bank and payment processor will eventually terminate your account as you violate their service policies. 15 cents USD per manually entered (or card-on-file) transactions, such as a CBD subscription. These transactions are ideal because the customer is present at the time of sale. Setting up a merchant account to process payments is the first step in enabling nutraceutical commerce. Nutraceutical businesses come under the category of high risk. services that are. 2405(j), (iii) located in or operating under a license issued by a jurisdiction. To increase your chances of approval, ensure the following documents are in order before filling out an application and submitting it to underwriting. Merchants find it very. 15% with an added $. Nutraceutical vs. Due to the high-risk nature of the Nutraceutical business and higher risk associated with the products. It serves as a list of blacklisted merchants and prevents them from opening a new merchant account from a different credit card processor than their previous institution. A merchant account is a type of bank account that enables businesses to accept and process digital payments, such as credit and debit card transactions. The WAAVE Network has approval from leading US banks and major credit card companies to enable payments for Nutraceutical resellers. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. Get the processing capacity you need to manage & grow your nutraceutical business. 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. The agent gathered the information and promised to call me back after researching my questions. Nutraceutical Merchant Account; Merchant Account for Tech Support;. This aids in ensuring that their product offerings adhere to the standards. and the processor A large data center that processes credit card transactions and settles funds to merchants. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and. (250) 356-4544. 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. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. While it is a thriving industry, the companies are considered high risk due to the chance for legal action in such a loose. . C. Get the processing capacity you need to manage & grow. Without a merchant account, you will not be able to accept payment via credit card or debit card. More Payment Options Equal More Profits Payment alternatives such as secure vault payments and electronic checks account for 30% of all internet purchases. Free setup and zero upfront fees. 3D SECURE; RECURRING BILLING; ACH PAYMENT PROCESSING SOLUTIONS; LEVEL 2 & 3 CREDIT CARD PROCESSING; Partnerships. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. The growth of ACH payments for electronic bill payment continues. Since finding a nutraceutical merchant account provider that is able to get you approved for Nutraceuticals is not an easy task – basically, just need an underwriter to review and approve your merchant account – it would be faster, in the long run, to search for a bank or payment provider that approves Nutraceutical merchant accounts. They do not control the GNF themselves. Donations and offline payments can be accepted through a merchant account using a hand-held credit card reader. It’s undeniable that the nutraceutical market goes on growing at a rapid pace. For example, users can claim deductions on specific transactions, such as interest earned, dividends received, and capital gains. As a growing industry, the demand for nutraceuticals and dietary supplements see no end in sight. The nutraceuticals marketplace is projected to hit over. Selling nutraceutical products goes against the service policies of most traditional payment processors, leading to account closure once they discover your business type. The reason is that more and more people are looking into natural cures for their ailments. Same Day ACH. Be prepared for a site inspection; this is often times required by high risk processors. Ensuring merchants have reliable and consistent payment. To get a high risk merchant account for your nutraceutical business, you need to apply to ahigh risk merchant services provider that has a bank sponsor relationship that’s willing to accept nutraceutical businesses. picture identification. Due to frequent comparisons to nutraceutical companies, owners of cosmeceutical businesses need to be vigilant. The American Clearing House (ACH) offers a type of payment that is 100% electronic but does not involve a credit or debit card. Visit Website. WEB entry classifications for online bill payments rose 6. S. Nutraceutical merchant accounts have also assisted the nutraceutical industry in a majority of ways. 70 70. At UniBul, we give you a nutraceutical merchant account with: Fast application approvals. 00 USD. A subsidiary of Visa, Authorize. As nootropic sales continue to rise, more and more sellers are finding themselves in the position of needing merchant accounts, in order to accept credit and debt card payments and ACH payment processing. Banks. DirectPayNet has high-risk merchant accounts for many industries like supplements, biz-op, subscription,. If you're looking for payment solutions that will positively impact your business, Zen Payments is ready to help. The financial institution that maintains merchant accounts. 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. Regulations: Another aspect that forces nutraceutical businesses to acquire a high-risk merchant account is the law. Merchant Account for Tech Support. Fortunately, it is possible to do so without hassle and worries because there are merchant account providers like HRMA-LLCHRMA-LLCNutraceuticals Industry in Texas Is Booming. You need EMB. Merchants who utilize negative option billing to sell physical goods, will be deemed “High Risk Merchant”. You pay $23. 25. As a merchant, your best chance of opening a Nutra merchant account is dealing with a high-risk payment processing provider for your payment processing services. No longer will customers call to purchase or. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. 404. And More…. With its high approval rates, secure payment processing, and nutraceutical-specific features and services, PaymentCloud offers everything that nutraceutical business owners need to accept credit card payments from their customers. You will be contacted within one business day . High Risk Merchant Account;Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. How to open a nutraceutical merchant account in 2019. Even if those products contain terpenes that are derived from cannabis, we can still provide payment processing. Overview; Our Partners;. S. Wells Fargo on it’s own, operates purely as a banking institution – and most of their operation has nothing to do with First Data. Just because nutraceutical businesses are considered high risk doesn’t mean they should be subjected to high merchant account fees. This means that ISOs act as the middlemen between acquiring banks and the businesses that are looking for electronic payment processing solutions.