Banks & ACH Processing. 15 cents USD per manually entered (or card-on-file) transactions, such as a CBD subscription. Some adult payment processors will set you up with an offshore merchant account. Great option for merchants targeting international markets. Merchant Credit Card Processing Accounts. The wrong choice can be costly. In the fast paced world powered by technology, new health complications are surfacing everyday and leading to lifestyle. This is because of strict guidelines for processing credit card payments that go beyond the requirements of most other industries. Due to the chance for legal action in such a loose and unregulated market, th. Diversify your nutraceutical merchant accounts to mitigate risk. Get approved for your own MID (Merchant ID) 4. For card-not-present e-commerce sales, FANF fees are structured according to the following chart: Tier Level. The requirements for keeping the account will be more stringent and the maximum chargeback rate will be lower than for other, lower-risk businesses. Username: Password: Login. 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. Your Resource For Merchant Services. The CHIPS network settles over a trillion USD per day, including about 250,000 interbank payments. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. 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. Opting for a high-risk nutraceutical merchant account provides the assurance that you can operate your business without the risk of losing sales or potential customers. About 50,000 banks belong to the Fedwire. 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. For this reason, they will put certain industries or business types on their restricted merchant list. They are the equivalent of direct deposit and direct debit in your bank account. Nootropics, Nutraceutical and Health Products . a tax id number. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. And More…. DigiPay’s expanded network of banking relationships accepts the nutraceutical business category and provides competitive rates, terms and conditions. 75. com works with a number of sponsor banks that provide both domestic and offshore high risk merchant accounts. Same Day ACH. Be upfront about your policies. For the CBD and cannabis industry, ACH and eCheck payment processing offer secure and reliable alternatives to traditional payment options. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. 2405(j), (iii) located in or operating under a license issued by a jurisdiction that. But, RCC is still a risky business for banks and third party processors. Fraud Prevention. eChecks. We offer: Retail Payments: We can help you process all types of retail payments, including credit cards, debit cards, and electronic checks. Quick account approvals. At UniBul, we give you a nutraceutical merchant account with: Fast application approvals. Nutraceuticals are tricky businesses to find merchant accounts for due to lack of health regularization by the government. Contact us by phone or live chat for faster service. Paulwell notes that the country has over 50 percent of the world’s established medicinal plants. Oct. Domestic & International Nutraceutical Merchant Accounts. The nutraceutical industry — or nutra industry — has seen huge growth over the last 10 years. Gross Sales Monthly Volume. The Advantages of a High Risk Merchant Account for Nutraceutic. In fact, the business is expected to reach a remarkable $671 billion in global revenue by 2024. According to statistics from NACHA, 24 billion payments were made via an ACH payment in 2015. 0 data. Visit Website. Selling nutraceuticals is an interesting business. Here are the main benefits to you. It is often a bank or other financial institution that is a licensed member of a card issuer such as Visa or MasterCard. A Terminated Merchant File is used by processing companies to screen merchant account applicants. For these reasons dealing with merchant account providers and banks, the nutraceutical industry can be tough to sell. Some of the benefits include: Network Merchants Inc. WHERE THE BANKS COME TO YOU. Nutraceutical-friendly merchant partners should be sought from the start. One-time & Recurring Payments. We get nutraceutical merchants approved when other processors decline. The broker also negotiates the terms and fees of the funding. Users can also take advantage of the tax-deferred growth offered by the account. And since every crypto payment is tracked, dispensaries can comply with regulations. Banks will avoid your nutraceutical company while CWBPAY specializes in your nutraceutical company. Nutraceuticals Nutraceuticals With health and beauty dominating our youth-oriented culture, opportunities abound for companies that offer subscription nutraceuticals, vitamins and free trial/continuity memberships. More. Leave the tough stuff to your provider and continue expanding with your company. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. Due to the high-risk nature of the Nutraceutical business and higher risk associated with the products. 2 billion in acquired debt, and these numbers just continue to grow with every passing year (approximately 15% each year since). Our merchant services incl. An ACH (Automated Clearing House) merchant account is a type of bank account that enables businesses to accept electronic payments from their customers through the ACH network. 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. Reasonable processing rates. Magazine subscription payment processing is often subject to high levels of chargebacks and fraud, and as a result, can raise red flags with sponsor banks. under a license issued by a jurisdiction whose government has been identified by the U. While SARMs merchant processing can be hard to find occasionally with some banks, the Allied Payments team has. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. This is well over what Visa considers an excessive level of chargebacks. The bad news is they demand a wide range of documents. But in exchange, the fees are. (NMI) – With their load balancing feature, manage multiple merchant accounts through one gateway and automatically route transactions to specific accounts. These processors have invested time and resources into developing relationships with sponsor banks that allow them to work with high-risk and adult merchants. S. Hence, enhanced. Merchant accounts can be used in various ways, whether the merchant operates a storefront or the business accepts credit cards through a card-not-present (CNP) environment. National Merchants Association. A high-risk merchant account is a type of payment processing solution designed for businesses operating in industries deemed high-risk by acquiring banks. A. Apply for a high-risk merchant account!The Nutraceutical industry is classified as higher-risk, making some businesses ineligible for merchant accounts at some sponsoring banks. Published on January 30, 2022. Nutraceutical merchant account –. 25. 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. PayDiverse works closely alongside nutraceutical merchant accounts to avoid detrimental and unwarranted chargebacks, fraud and account closures. Documents. Home;. This is well over what Visa considers an excessive level of chargebacks. 2371 or. Health experts attribute the nutraceutical boom to a rising health and fitness awareness in the. If. Department of State as a sponsor of international terrorism under 22 U. Obtaining nutraceutical credit card processing is a challenge sellers face. To comply with the FDA’s guidelines, nutraceutical companies must first apply for a high-risk nutraceutical merchant account. C. Looking for a bank on your own is a lost cause. Nutraceutical merchant accounts are a great way for nutraceutical firms to seamlessly accept payments. As a result, the websites of nutraceutical and supplement merchants must be constantly monitored. Services. STEP 3: REGISTER FOR TAXES, OPEN A BUSINESS BANK ACCOUNT AND SET UP BUSINESS ACCOUNTING. 325412: Pharmaceutical Preparation Manufacturing. 3) US Signer – Typically a US resident with >50% ownership is the signer but LLCs can be “Manager-Managed”. Benefits of a Kava Merchant Account Services. 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. Additionally, they are responsible for the collection of taxes and fees associated with the transactions. 4% + 0. Merchants find it very. Choosing an ideal payment gateway for your nutraceutical company whittles down the risks that come with processing. Credit Card Processing for Vitamins. Integration Help. The debt collection agency industry is one that grossed over $10. Vape and E-Cig Merchant Accounts. Money sent today is received today. It depends on the type of business the merchant operates. 15 percent of gross sales for any month where a small business merchant’s sales volume ranges from 200 USD to 1,249. 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. Place your High Risk Merchant Account with banks that want your business. While products change, one thing that stays the same is the hassle of locating a nutraceutical merchant account provider. 4 million US dollars by the year 2025. 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. Your nutraceutical merchant account could be slowly bleeding you dry and sucking out extra capital. COVID-19 changed cash for good. fees. Securing a merchant account for your adult business, for instance. Nutraceutical businesses are classified. Most banks in the world dread dealing with nutraceutical industry because of its high risk. If you sell supplements, diet pills, or any vitamins online, you’ll want a payment processor that keeps your account running. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy,. This happened because the DEA in 2017 listed kratom as a “Drug of Concern” and most financial services companies cut ties with these businesses. Therefore, they reject nutraceutical retailers. 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. If your bank is unwilling to accept the risk associated with your industry, you will need a high-risk merchant account. Due to frequent comparisons to nutraceutical companies, owners of cosmeceutical businesses need to be vigilant. Therefore, most nutraceutical companies will have to use a partner who specializes in high-risk merchant A business that accepts credit cards for goods or services. Understand Your Business Needs. 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. APPLY NOW! Req. Donations and offline payments can be accepted through a merchant account using a hand-held credit card reader. 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. Nutraceutical businesses can get fast approvals for high risk payment solutions with Revitpay. 28 billion in 2019, according to Grand View Research. They are the equivalent of direct deposit and direct debit in your bank account. Additionally, we use state-of-the-art tools like tokenization, encryption, and 3D security to ensure secure card processing, which is essential in the supplement industry and nutraceutical credit. An R20 non-transaction account offers users a range of tax benefits. A Spotlight on the Nutraceutical Merchant Account Holders: Streamlining the Market Not all Supplements bought online are legit. 5% + 0. Who is DigiPay Solutions? The processor of choice for the world’s leading nutraceutical companies, DigiPay Solutions has a global network of partner banks, payment experts and an elite portfolio of tailored solutions. Posted by The Roar of Freedom. Our all-in-one merchant accounts include affordable e-Check/Credit Card processing, debit and ACH processing, a payment gateway, and chargeback protection. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. The American nutraceutical market is expected to grow up to. In addition, we can set up alternative payment methods such as ACH payments and E-checks. With access to hundreds of US and international banks, all payments are covered. Get a secure Nutraceutical Merchant Account with QuadraPay. First Name. Both. The merchant ID is used for a variety. 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. Free application with no obligation. S. The accounts enable acceptance of payments from customers in the US and overseas. This type of billing results in excessive chargebacks from unsatisfied customers because. For credit card processors, the nutraceuticals industry presents both unique opportunities and challenges. Multiple payment options. By doing so you will have the backing of a great bank and be able to grow without worry. 1. Some adult payment processors will set you up with an offshore merchant account. The supplement industry is booming with an ever-increasing demand for…Nutraceutical businesses are classified as high-risk, which makes them ineligible for merchant accounts at numerous sponsoring banks. Learn the differences to keep your high risk merchant account up and running. Processing payments through acquiring banks in the. We offer a fee structure that is 25% less than the competition and we get those fee reductions for most of our high-risk nutraceutical merchant accounts. So, the cost of ACH processing depends on the payment processor you use. Third is vaping and e-cigarettes. DigiPay’s expanded network of banking relationships accepts the nutraceutical business category and provides competitive rates, terms and conditions. An EMerchant Authority nutraceutical merchant account allows you to accept all credit cards, meaning you can sell your nutraceutical products to customers from all over the world. Opting for a high-risk nutraceutical merchant account provides the assurance that you can operate your business without the risk of losing sales or potential customers. The nutraceuticals industry is booming in the United States, but how is it fairing around the world? In India the nutraceutical market is growing at a rate faster than in the U. Nutra Payments Offers Retail & High Risk Nutraceutical Merchant Accounts. Find a reliable PSP. C. Durango Merchant Services: Best for highest-risk businesses. This allows the acquirer to offer payment services to their clients. G et an offshore merchant account is a legal way to receive payments by credit card in your business abroad. 5% equals $8. We have the staff and experience to help you jump start your business in as little as 48 hours!. Nutraceutical Merchant Accounts. Unfortunately, a customer may request a chargeback after the payment has already been deposited into your bank account. Both categories are ordinarily associated with free trials, chargebacks, false claims and customer complaints. In our experience, cannabis businesses see an average ticket increase of about 17% when they implement card payment services. The agent gathered the information and promised to call me back after researching my questions. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. UniBul’s Nutraceutical Merchant Account. It’s basically an eCommerce list that warns other financial institutions. An acquiring bank, also known as an acquirer, is a third party that offers a merchant account to a business for the purpose of accepting payments. Peptide Merchant Account. Our plans are intended to give you the ease that you want to run your. 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. Many herbal products are also referred to as nutraceuticals. 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. This is based on a small business with a physical office location. picture identification. under a license issued by a jurisdiction whose government has been identified by the U. Your information will be kept completely confidential. App. 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. With a Nutraceutical Merchant Account from Patriot Bankcard, nutraceutical merchants are instantly able to process Visa and MasterCard transactions for their online Nutraceutical Merchant business. The bank-to-bank transfers direct payment platform was designed specifically for high risk ecommerce businesses including nutraceutical merchants. There are two main reasons for this. That said, most high-risk payment processors will only approve merchant. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. 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. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. 2. MaxPayNow offers Nutraceuticals Merchant Accounts and payment solutions for the Nutraceuticals Industry. iPayTotal : Merchant Account Services . High Risk 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. com, know that nutraceutical merchant accounts are hard to come by. Accounting for over $60billion in annual revenue, the nutraceutical market is expected to surpass $100billion by 2024. The first step is to choose a processor that offers payment processing services tailored explicitly for supplement businesses, like Vector Payments. HSBC. You need to consider where to get your main financing and if your capital can sustain the day to day operational cost until you see revenue. Traditional payment services and banks to avoid approving underwriting for adult merchant accounts. and the processor A large data center that processes credit card transactions and settles funds to merchants. The good news is some PSPs are already partnering with acquiring banks that process high-risk companies. Gather the required information before beginning the application process for your nutraceutical merchant account: Banking Information: Personal and business banking account information along with statements (up to 3 months) may be requested. Getting a merchant account involves: 1. Once a business hits a ratio of 0. Most of payment processing companies consider nutraceutical industry. Pricing for Nutraceutical Merchant Accounts. This is where the Nutra merchant account comes into work. A nutraceutical product is a purified or isolated item that must have the ability to combat chronic diseases or have a physiological benefit. We are the #1 provider of merchant accounts for the nutraceutical industry, connecting you with payment solutions in as little as 48 hours after approval. With a supplement/nutraceutical merchant account from BankCard USA, you don’t have to settle for exorbitant processing rates, hidden fees and slow equipment. Compliance Support. So, traditional banks and most processors aren’t willing to work with them because of a number of reasons. Nutraceutical Merchant Accounts: Nutraceuticals provide consumers with continuous monthly product shipments, from weight-loss supplements to energy boosters. Square’s current transaction fees for CBD payments range from 3. Free application with no obligation. Digital Product Merchant Accounts. With technological advances, the payment services industry has evolved, with payment processors offering merchants new platforms to accept payments. Nutraceutical merchant accounts are a great way for nutraceutical firms to seamlessly accept payments. Nutraceutical products are normally classified as high-risk. Banks & Credit Card Processors Are Not Impressed. . services that are. 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. Ways that nutraceutical companies can get their credit card processing in order. 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. 02 billion (2023). An ACH merchant account allows businesses to receive. Nutraceutical Merchant Accounts. We current service and support over 250,000 merchants and 3,500 Banks and Credit Unions since 1960: - Credit/Debit Card Payment Processing & POS Equipment - Electronic Check and ACH Payment. Most banks in the world dread dealing with nutraceutical industry. Documents required getting a Merchant Account for Nutraceutical Business: Personal Documents: Driving License and Personal Bank Statements for the recent 3 monthsWe have the solutions. If you sell supplements, diet pills, or any vitamins online, you’ll want a payment processor that keeps your account running. It’s pretty much a fact, that increased business almost always. S. Any merchant account provider that is allowing you actually to accept credit cards is doing so by defrauding their member bank. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Ensuring merchants have reliable and consistent payment. 0 likes ×When seeking an ideal solution for adult merchant processing, that includes online dating, strip clubs, adult book stores, novelties, toys, and websites that require memberships for pornography, it can be a tedious process to successfully accept debit and credit cards. 1. Our partners and sponsor banks can provide your business with high risk merchant services for domestic and international businesses. High Risk Nutraceutical Integrations. Services. 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. What is an Offshore Merchant Account. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. S. all the signers to the account. A government-issued ID like a state-issued driver’s license. The Best High-Risk Merchant Accounts of 2023. C. RCCs are used for a myriad of commercial purposes and by a variety of industries. Due to the chance for legal action in such a loose and unregulated market, th. The pandemic has made many Americans realize the importance of investing in health, resulting in the nutraceuticals and the plant-based food revolution. COVID-19 changed cash for good. 9683 Merchants Forum. 2405(j), (iii) located in or operating under a license issued by a jurisdiction. Letter from bank. Consider establishing both. DirectPayNet has high-risk merchant accounts for many industries like supplements, biz-op, subscription,. By leveraging these solutions, businesses can streamline their payment processes, improve cash flow, and reduce the risks associated with cash-heavy operations. Why Us. In 2018, seven democratic senators launched legislation to slow down the “revolving door” between major pharmaceutical firms and federal bureaus like the Drug Enforcement Administration (DEA) that control them. Straightforward, simple set-up. e-Cigarette Merchant Accounts. A debit transaction deducts payments from a customer’s bank account and automatically transfers the funds to the merchant’s account. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. 2834: Pharmaceutical Preparations. Multiple Merchant Accounts. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. It can be difficult for merchants to find a bank or processor to work with, and the need to go with a merchant processor that specializes in high risk industries has become a necessity. Soar Payments vaping & e-cig merchant accounts, either directly or via a payment gateway, are compatible and integrate with the following ecommerce, POS and marketing automation platforms: Shopify, WooCommerce, BigCommerce, Magento, Volusion, ClickFunnels, InfusionSoft, and OntraPort. Nutraceutical Merchant Account. The financial institution that maintains merchant accounts. You will be contacted within one business day . . Nutra products range from oral supplements to teas, tinctures and salves. Call us Contact. ACH payments for high volume or high risk merchant accounts. Quick & Easy Merchant Account Setup! Contact our nutraceutical team. The acquiring bank, or acquirer, is where the merchant keeps a merchant bank account. PCI compliance fulfillment, including complementary vulnerability scanning for ecommerce and IP-connected terminal merchants. In our experience, cannabis businesses see an average ticket increase of about 17% when they implement card payment services. From account management software and CRMs to accounting applications, we can link into them all with just a click of a button. Making an application for a High-Risk Merchant Account. You’ll need to send the following with your application: Three months’ worth of your most recent processing statements from your previous or existing provider (if applicable) Your chargeback ratio must be below 2. PCI compliance fulfillment, including complementary vulnerability scanning for ecommerce and IP-connected terminal merchants. These limits are typically between $25,000 and $100,000 per month. com. ACH. Your customers need an integrated and secure payment gateway to purchase their supplements. Having built a network of acquiring banks that work with high risk industries, Instabill offers affordable nutraceutical merchant accounts. So, merchants in this industry need to find a way to obtain one. Learn how to reduce the risks. An offshore merchant account allows you to accept and process payments with bank cards over the Internet in 2023. You have to meet your customer’s expectations by providing a way for them to pay via a debit or credit card. They are also subject to high returns and credit card declines,. It takes just a few minutes to complete. Bank transfers are the safest online payment method available for nutra merchants. Vector Payments is the best payment processor for your nutraceutical and supplement business because we provide you with the resources and support you need to succeed. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. C. NACHA released its report for Q4 2011 ACH transactions. ACH credits are used for sending money. Outside of negative option billing, nutraceuticals is under scrutiny by low-risk banks. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. ARE YOU IN NEED OF SUPPLEMENTAL CREDIT CARD PROCESSING FOR YOUR. ACH Payments on the Rise. Many credit card processors simply try. 576. The payment gateway from Patriot Bankcard supports multi currency processing in over 160 currencies, including USD, GBP, and euros. 98% approval rates for high risk credit card processing. Integrated fraud protection and alerts. Contact Us. Secure online payments with bank transfers are like cash payments and cannot be charged back. We at EMB, or eMerchantBroker. Automating the. 2371 or 50 U. These products are often vitamins, or mixtures of herbs that claim to assist with a desired outcome. Here at Integral Pay, we have have a superior amount of knowledge on Nutraceutical Merchant Accounts and will work with our bank acquiring partners to give you the best. Businesses in high-risk industries like nutraceuticals may struggle to find affordable payment processing. 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. 9 million transactions, compared to 641. co specializes in sourcing merchant accounts for difficult-to-place nutraceutical merchants. In other words, a nutraceutical merchant account is necessary for any business that wants to be able to receive money from customers remotely, over the phone, or on the internet. In every transaction that occurs in your account, your merchant ID number is used. . Chargeback Mitigation. When it comes to opening a business bank account, you are going to need: a business license. 2) US Corporation. The WAAVE Network has approval from leading US banks and major credit card companies to enable payments for Nutraceutical resellers. ACH. eDataPay can set your business up with a nutraceutical merchant account you can trust. Nutraceutical Merchant Accounts. The main reason is that many payment processors and banks consider nutraceutical companies high-risk merchants. Accept credit card payments online hassle-free. The nutraceutical industry is risky for most banks. This is the only solution for succeeding in the NUTRA business. Way2pay. If the bank. 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. 2405(j), (iii) located in or operating under a license issued by a jurisdiction that has been designated. Ask Zenti about our low- or zero-cost credit card processing fees. We support weightloss, health, beauty, dietary supplements & fitness. The credit card companies have special rates for utility bill payments. . 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. 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. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. With a supplement and nutraceutical merchant account, accept credit cards online, in store or over the phone with next day funding. Businesses in high-risk industries like nutraceuticals may struggle to find affordable payment processing. VISA (8472) Monday, October 30, 2023 Agent Login; Merchant Login; Toggle navigation. Merchant Login. 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. Touchsuite is located in Boca Raton, FL and is a payment processing and point of sale company that specializes in merchant accounts, point of sale systems, Grubbrr self-ordering kiosks. 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. These businesses are often rejected by standard merchant accounts because of the risk to banks. net. Nutraceutical Merchant Accounts; Tech Support; High Risk Merchant Accounts; Low Cost Credit Card Processing; CBD Merchant Accounts. The acquirer, as it is commonly called, provides businesses with a merchant account, where all their revenues are deposited.