Customer Support +1 (516) 217-1989By establishing a merchant account reserve, your processor can safeguard their funds, even if it imposes additional difficulties on you. The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. A credit card processing company needs a minimum of $50,000 capital on average. 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. First Data's GNF List is NOT the same as the TMF List / Terminated Merchant File. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Stripe is used by more than 200,000 businesses around the world to accept payments on the web and mobile. DirectPayNet has high-risk merchant accounts for many industries like supplements, biz-op, subscription,. 75. Making an application for a High-Risk Merchant Account. Copy of call center agreement. . Choosing the right merchant account processing solution is a critical decision for businesses. For example, users can claim deductions on specific transactions, such as interest earned, dividends received, and capital gains. COVID-19 changed cash for good. Its expertise helps merchants in getting a well-suited payment processing service to the. Home. The reason is that more and more people are looking into natural cures for their ailments. S. Many herbal products are also referred to as nutraceuticals. Nutraceutical Merchant Accounts: Nutraceuticals provide consumers with continuous monthly product shipments, from weight-loss supplements to energy boosters. First of all, if you're looking to open a nutraceutical merchant account with a standard merchant. No caps on your. Pricing for Nutraceutical Merchant Accounts. 2405(j), (iii) located in or operating under a license issued by a jurisdiction that. App. 2nd Fl - 707 Fort St. 10 cents USD per in-person transaction, 3. Our partners and sponsor banks can provide your business with high risk merchant services for domestic and international businesses. banks consider nutraceutical businesses to be high-risk because of the high chargebacks, lack of regulation of the product’s ingredients. Finding a knowledgeable payment processor is better to help your nutraceutical merchant account get through all legal actions. Chargebacks: The 411. These businesses need a trusted company like PayKings to provide them with high risk credit card processing. South. Most credit card processors are unable to. Business dealing in such products is categorized as high-risk business and most conventional banks and merchant processors will not. The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. . Square’s current transaction fees for CBD payments range from 3. High volume Nutra merchant accounts are our specialty. Diversify jurisdictions. If you sell supplements, diet pills, or any vitamins online, you’ll want a payment processor that keeps your account running. App. Due to the chance for legal action in such a loose and unregulated market, th. The acquiring bank, or acquirer, is where the merchant keeps a merchant bank account. How is the ACH system used? ACH is a payment method that allows merchants to send and receive payments electronically. Virtual terminal merchant accounts include unlimited virtual terminals. To comply with the FDA’s guidelines, nutraceutical companies must first apply for a high-risk nutraceutical merchant account. This alert system helps keep. S. 3. Organizations that deal with a large number of. Department of State as a sponsor of international terrorism under 22 U. 6 billion by 2017. ACH Credits. Letter from bank. Get started right now by contacting us online or giving our merchant services specialists a call at 844-661-0725. RBC. Executed Personal Guarantee (when required) Executed Attestation Disclosure - Provides the bank with permission to contact your bank and confirm that your DDA is transparent and that they have BSA/AML program in place for cannabis. cosmeceutical merchant accounts. Having built a network of acquiring banks that work with high risk industries, Instabill offers affordable nutraceutical merchant accounts. Securing a merchant account for your adult business, for instance. However, your business can be at high risk or those who have acquired a bad credit from the bank. There is not a lot of merchant account product-specific. Your customers need an integrated and secure payment gateway to purchase their supplements. Contact us by phone or live chat for faster service. International is a registered service provider for clearing and settlement institutions that sponsor GPC to enter MasterCard and Visa transactions into the interchange system. A virtual terminal connects to a secure payment processing gateway. Our nutraceutical. 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. Integrated fraud protection and alerts. Both categories are ordinarily associated with free trials, chargebacks, false claims and customer complaints. For example, if the merchant has an account with their processor that is priced at a discount rate of . Due to lack of health regularization by the government, Nutraceuticals are tricky businesses to find merchant accounts. Overcome the toughest of merchant challenges & disapprovals. Menu. 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. 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. Products. The merchant ID is used for a variety. Copy of the fulfillment agreement. This has created a significant demand for online credit card sales and nutraceutical merchant account services. 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. The nutraceutical business is booming, and every year brings new products. They’re so well-established in fact that they work with over 60,000 merchants. Traditional banks are not going to make it easy to open and maintain a merchant account for a nutraceutical business. Integration Help. Merchants who utilize negative option billing to sell physical goods, will be deemed “High Risk Merchant”. This type of credit card processing for nonprofits generally carries a transaction fee amounting to 2. Adding secure bank transfers as a payment method on your checkout page boosts profits with no risk of chargebacks. 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. 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. Because high risk businesses come in all shapes and sizes, SMB offers 2 gateway solutions – NMI and Authorize. S. Like many other companies that are classified as “high risk” by lenders, nutraceutical companies have uphill battles when they seek nutraceutical company merchant accounts. The global outlook for nootropics is also impressive, with a 17. Banks will avoid your nutraceutical company while CWBPAY specializes in your nutraceutical company. A high-risk merchant account will accept the risk and allow you to process credit cards. Fraud Prevention. The issuing bank. Vacation Rental Merchant Accounts. Factors such as fees, security, customer support, and compatibility with your business model must be. 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. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy,. Executed eSigned Merchant Agreement. The business requires a safe merchant account solution but many of the banks do not prefer to provide them the account. . A merchant account is what allows your business to process payments made by credit, debit, gift or rewards cards. This regulatory uncertainty has made it so that sponsor banks are unwilling to underwrite CBD businesses for credit card processing. This way, you are denied any chance of getting your hands on a merchant processing account. We support weightloss, health, beauty, dietary supplements & fitness. 06 billion (2018) to $49. We offer our vast array of skills and knowledge to help ensure that nutraceutical merchants and their. G et an offshore merchant account is a legal way to receive payments by credit card in your business abroad. PayFasto provides nutraceutical merchant accounts for businesses with the best terms on the market and we ensure you get a bank specializing and understanding high risk industries like credit card processing for nutraceuticals. The American Clearing House (ACH) offers a type of payment that is 100% electronic but does not involve a credit or debit card. Nutraceutical Merchant Account Connected. 95%. An offshore merchant account allows you to accept and process payments with bank cards over the Internet in 2023. 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. Gross Sales Monthly Volume. We at SeamlessChex understand the challenges faced by online supplement businesses, for we excel in managing fraudulent charges and high chargeback rates. 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. The requirements for keeping the account will be more stringent and the maximum chargeback rate will be lower than for other, lower-risk. 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. The reason is that more and more people are looking into natural cures for their ailments. Durango Merchant Services, on the other hand, has offered solutions for the telemedicine industry for many years. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. An R20 non-transaction account offers users a range of tax benefits. Same day ACH credits $3-5. Quick & Easy Merchant Account Setup! Contact our nutraceutical team. We provide offshore merchant accounts for existing businesses that process at least $50,000 per month. You need a dependable high risk merchant account provider for your nutraceutical merchant account. Merchant Account for Tech Support. 30 cents USD per online transaction, and 4. Even if those products contain terpenes that are derived from cannabis, we can still provide payment processing. But be sure the acquiring bank on the back end is different. . “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. Nutraceutical related merchants who give awesome items at reasonable costs can hope to remain in business and appreciate outstanding income. Super support. The sponsor bank is responsible for getting the funds to the merchant and. Safeguarding your nutraceuticals' digital sales with best practices for secure payment processing ensures trust and reliability for your customers. This type of billing results in excessive chargebacks from unsatisfied customers because. A Spotlight on the Nutraceutical Merchant Account Holders: Streamlining the Market Not all Supplements bought online are legit. With regulations on payment processing getting more strict, you will need a solution you can rely on. There are a number of merchant account providers and payment processors that offer offshore. COVID-19 changed cash for good. By partnering with Get Payment, nutraceutical business owners can access secure and efficient payment processing solutions that address the challenges associated with the nutraceutical sector. Accept credit card payments online hassle-free. A merchant account is what allows your business to process payments made by credit, debit, gift or rewards cards. A provider of high risk merchant services since 2001, Instabill is offering additional payment processing options for nutraceutical merchant accounts. These transactions include telephone orders (MOTO) and online. Due to the chance for legal action in such a loose and unregulated market, th. 855-562-ACH2; info@nationalach. To get a nutraceutical merchant account, an online application is the quickest way to an approval. Place your High Risk Merchant Account with banks that want your business. Nutraceutical Merchant Account; Merchant Account for Tech Support;. Retail tobacco shops can generally find payment processing for their business with ease. If you're looking for payment solutions that will positively impact your business, Zen Payments is ready to help. S. Unfortunately, a customer may request a chargeback after the payment has already been deposited into your bank account. A sponsor bank is a federal or state chartered bank, which is a member of one or more of the credit card associations, who provides money-movement and compliance oversight for fintechs, since most of them are not banks. With your account, you’ll have access to all of the incredible features PayDiverse offers, including: Free set up of your payment portal. 2371 or 50 U. While SARMs merchant processing can be hard to find occasionally with some banks, the Allied Payments team has. We provide online payment solutions for your business. Department of State as a sponsor of international terrorism under 22 U. Funds settle to the merchant’s bank account immediately when the payment is authorized by the customer. The flawless solution for High-Risk BusinessesNutraceutical Merchant Account; Merchant Account for Tech Support;. 4 billion as of 2015, and is estimated to reach $204. Nutraceutical Merchant Account; Recurring Billing; Subscription and Membership Merchant Accounts;. 1. 65%, Visa will request an investigation into the cause and that an action plan be developed. According to statistics from NACHA, 24 billion payments were made via an ACH payment in 2015. Has your nutraceutical company been denied a merchant account by a bank? TailoredPay can help. The debt collection agency industry is one that grossed over $10. This replaced the old rates where the same payment would have cost $4. Durango Merchant Services for Telemedicine Merchant Accounts. The main reason is that many payment processors and banks consider nutraceutical companies high-risk merchants. Therefore, banks consider nutraceutical merchants too high of a risk. Get your merchants high processing capacity to grow their business. Paulwell notes that the country has over 50 percent of the world’s established medicinal plants. C. Therefore, they reject nutraceutical retailers. Check out our nutraceutical merchant accounts today and. . Fill out this form and a merchant services representative will be in touch! Get Started. The NUTRA business model and high rate of chargebacks are to blame. Apply for a Nutraceutical Merchant Account to Accept Credit Cards. More Payment Options Equal More Profits Payment alternatives such as secure vault payments and electronic checks account for 30% of all internet purchases. Published by Max on January 24, 2023. 6 billion by 2017. Nutraceutical merchant accounts are a great way for nutraceutical firms to seamlessly accept payments. It’s incredibly important to curb fraud and chargeback ratios to keep fitness merchant accounts in good standing. Company. It was founded in 2009 by brothers Patrick and John Collison, who were only 19 and 21 at the. 4 billion as of 2015, and is estimated to reach $204. 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. High Risk Nutraceutical Merchant Accounts. Get in touch: (877)-511-3402. 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. HSBC. One-time & Recurring Payments. The nutraceutical industry — or nutra industry — has seen huge growth over the last 10 years. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. Getting a merchant account involves: 1. Part of this underwriting process often involves providing proof of GMP certification. But. 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. 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. With a high average sale amount, the more “risk” there is to the processor in the event of charge backs. Membership. 15 cents USD per manually entered (or card-on-file) transactions, such as a CBD subscription. The nutraceutical industry is risky for most banks. It is loose, and it is unregulated. There are many companies out there in the market providing Nutra payment gateway and nutraceutical merchant account. Nutraceutical merchant accounts are a great way for nutraceutical firms to seamlessly accept payments. 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. 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. Apply and get approved! No problem! Talk to a SeamlessChex representative today to see if a nutraceutical merchant account is right for you! Nutraceutical Merchant Account Solutions Made Simple Here’s how our reliable and specialized payment processing solutions can give your business the confidence to scale quickly: 25+ Acquiring Banks to Choose From Apply for a Nutraceutical Merchant Account to Accept Credit Cards. We offer the industry's first transparent and compliant cannabis payment processing merchant account. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. Choosing an ideal payment gateway for your nutraceutical company whittles down the risks that come with processing. 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. NACHA , which operates the vast ACH network within the United States, doesn’t set the interchange fees associated with ACH payments. Get Your Financial Sources Together. Authorize. Their applications for opening such an account may be rejected or they may be offered to pay high charges to cover the potential risks of the bank. S. RCC is still a legal payment method. These banks are registered with specific card associations, like Visa, Mastercard, or American Express. The agent gathered the information and promised to call me back after researching my questions. Nutraceutical products are normally classified as high-risk. The repercussion of these characteristics is that most, if not all, banks would look at your business with doubt and consider it a high-risk. 3% plus 30 cents for invoices. The best nutraceuticals merchant account. Many customers are simply dissatisfied with the effects of the products and opt for returns, meaning that nutraceutical companies suffer from higher-than-average chargeback rates. You have to meet your customer’s expectations by providing a way for them to pay via a debit or credit card. Herbal Products and Nutraceutical Merchant Account . Processing payments through acquiring banks in the. Protect your nutraceutical business from exorbitant bank holds and reserves. Victoria, BC V8W 3G3. Communication Is A Priority; Meet the Team;For a US merchant account, the merchant typically must have the following: 1) US Bank Account. Documents. , Schaumburg, Illinois, and is headquartered at 2985 E Hillcrest Dr #209, Thousand Oaks, California. Easy Pay Direct. Offshore e-Check/Credit Card Processing. The first step is to choose a processor that offers payment processing services tailored explicitly for supplement businesses, like Vector Payments. Simplify transactions with our cutting-edge method. Merchant bankruptcy is also a factor in why the nutraceutical industry is often viewed in a negative light. ACH Payments on the Rise. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. Benefits Of A Specialized Merchant Account For Nutraceuticals. under a license issued by a jurisdiction whose government has been identified by the U. Many credit card processors simply try. The same merchant account can be used for online payments or. MerchantE has direct relationships with several sponsor banks. Setting up a merchant account to process payments is the first step in enabling nutraceutical commerce. This type of credit card processing for nonprofits generally carries a transaction fee amounting to 2. High-risk Nutraceutical Merchant Account. Typical reasons people purchase these products include. S. Delivery. 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. The Best High-Risk Merchant Accounts of 2023. Other benefits that accrue to businesses that choose nutraceutical. A nutraceutical merchant is one who sells a pharmaceutical alternative that promises physiological benefits. Nutra Payments Offers Retail & High Risk Nutraceutical Merchant Accounts. C. One study showed the average value of a cash transaction was $22, compared to $112 for the average non-cash transaction in 2019. It can be any kinds of foods or supplements that can be considered medically or functionally beneficial to ones body. For example, new rates on utility payments would generate a flat $1. Obtaining nutraceutical credit card processing is a challenge sellers face. 75 on your $500 auction when you put the fees together. Some adult payment processors will set you up with an offshore merchant account. While the issuing bank will investigate the. Further projections have the U. Making an application for a High-Risk Merchant Account. And many buyers are savvy, they know exactly what they want. This is based on a small business with a physical office location. 2099: Coffee and Tea Manufacturing. eMerchantBroker. Some payment service providers (aka PSPs), however, have banking partners that offer quality nutraceutical merchant accounts. Simply refer your clients. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy, seamless. We will provide an. 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. Our check solutions offer fast ach deposits to your existing business checking account for quicker cash flow. Without a merchant account, these businesses have no way to accept credit and debit card transactions. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. Our all-in-one merchant accounts include affordable e-Check/Credit Card processing, debit and ACH processing, a payment gateway, and chargeback protection. 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. $250 times 6% equals $15. 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. What is an Offshore Merchant Account. Reasonable processing rates. Bad credit merchant account. The American Clearing House (ACH) offers a type of payment that is 100% electronic but does not involve a credit or debit card. The final step in your custom nutraceutical supplement business is to begin processing payments on your site. 1. 503. I. Nutraceutical payment processing is not difficult. Straightforward, simple set-up. App. Nutraceutical businesses are classified. VISA (8472) Monday, October 30, 2023 Agent Login; Merchant Login; Toggle navigation. 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. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. Ready to take your nutraceutical business to the next level? Merchant accounts for nutritional supplements. They do not control the GNF themselves. Kelly Bissell. As a growing industry, the demand for nutraceuticals and dietary supplements see no end in sight. Regulations: Another aspect that forces nutraceutical businesses to acquire a high-risk merchant account is the law. This includes the sale of Supplements, Vitamins, Herbs, and other Nutraceuticals, that may be considered High-Risk by some payment processors. So, when a nutraceutical company applies to a bank for a merchant account to accept debit and credit transactions, it hits a wall. 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. For credit card processors, the nutraceuticals industry presents both unique opportunities and challenges. Accept Payments Today. Without a merchant account, you will not be able to accept payment via credit card or debit card. You need EMB. QuadraPay’s specialized Nutraceuticals Merchant Account is designed to help nutraceutical companies avoid. Guaranteed CBD Merchant Accounts Approvals in 1 week. The accounts enable acceptance of payments from customers in the US and overseas. To save yourself and your business a headache, you need to locate a high risk merchant account processor. e-Cigarette Merchant Accounts. First, the industry is regulated. And since every crypto payment is tracked, dispensaries can comply with regulations. High-Ticket Merchant Accounts. These transactions require a bank account number and routing number to process. Nutraceutical Merchant Account. 5% plus 15 cents for manually keyed transactions. When you open a merchant account, you’re really opening a line of credit to accept credit card. The big tech companies are moving to Texas and there has been a lot of buzz about the Lone Star state being the next Silicon Valley. But, RCC is still a risky business for banks and third party processors. 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. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. Outside of negative option billing, nutraceuticals is under scrutiny by low-risk banks. UniBul’s Nutraceutical Merchant Account. A standard retail "swipe" merchant account does not allow processing of these "card-not-present". Vape and E-Cig Merchant Accounts. What Are Nutraceutical Merchant Accounts? A nutraceutical merchant account is required to accept and process card payments. 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. British Columbia is a hub when it comes to cooperative banking. Money sent today is received today. Best Merchant Accounts for Petroleum Stations January 24, 2023. S. Get a secure Nutraceutical Merchant Account with QuadraPay. 325412: Pharmaceutical Preparation Manufacturing. PaymentCloud is the #1 provider for Nutra and supplement credit card processing because we can connect directly to the software and solutions that your business already uses. 1-888-909-4367. Contact Information CompliancyStep 4: Sell your nutra. Our merchant services incl. If you have multiple accounts with the same acquiring bank, your processing is at risk if the bank decides it will no longer process for nutra merchants. Challenges that plague the supplement industry also put the owner's nutraceutical merchant account in danger of shut down. More. 15 percent of gross sales for any month where a small business merchant’s sales volume ranges from 200 USD to 1,249. A debit transaction deducts payments from a customer’s bank account and automatically transfers the funds to the merchant’s account. First Data's GNF List is NOT the same as the TMF List / Terminated Merchant File. Our payment solutions are designed to seamlessly integrate with your business model, whether you operate an e-commerce platform, health supplement store, or other related businesses. We provide nutraceutical merchant accounts offering reliable and secure payment processing solutions for nutraceutical businesses. With a supplement/nutraceutical merchant account from BankCard USA, you don’t have to settle for exorbitant processing rates, hidden fees and slow equipment. eDataPay can set your business up with a nutraceutical merchant account you can trust. Excessive chargeback rates over 1% are the number one reason most merchant accounts are terminated. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. 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. As a rule, nutraceuticals use the following NAICS code:. The first step is to choose a processor that offers payment processing services tailored explicitly for supplement businesses, like Vector Payments. Selling nutraceutical products can be a slippery slope, which is why we’re straightforward with banking guidelines and protocol. com works with a number of sponsor banks that provide both domestic and offshore high risk merchant accounts. This is often a way to get around big banks’ refusal to underwrite adult businesses, but it has another hidden advantage as well. 5% equals $8. 4 billion as of 2015, and is estimated to reach $204. Crypto merchant accounts are increasing being used at by CBD merchants as well. DigiPay knows how to navigate the high risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified nutraceutical. Nutra Payments Offers Retail & High Risk Nutraceutical Merchant Accounts. 6 billion by 2017. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. That is because these challenges also create increased risk for the banks and processors who would serve the industry. Nonetheless, experienced payment companies. Durango Merchant Services: Best for highest-risk businesses. An acquiring bank is the merchant account provider and processor of card transactions on behalf of the merchant. Peptide Merchant Account. Buyers can use a WAAVE account to facilitate repeat purchases and get rewards 2. NationalACH specializes in payment processing accounts for high volume and high risk merchants that want the ability to accept payments directly from US customers’ bank accounts. We understand how challenging it may be to work with traditional payment processors, particularly when selling nutraceutical items and supplements online. We know you’ve probably thought. Your Resource For Merchant Services. The Fedwire Funds Services is operated by the Federal Reserve Banking System. We have the banking relationships and underwriting in place to support nutraceutical supplement credit card processing. C. Quick account approvals. PaymentCloud: Best overall. It depends on the type of business the merchant operates. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. Department of State as a sponsor of international terrorism under 22 U. The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. To increase your chances of approval, ensure the following documents are in order before filling out an application and submitting it to underwriting.