Domestic and international solutions with no contracts, low rates and next day funding. Experience Unmatched Payment Solutions. This labeling has made applying for and approving a merchant account difficult. Businesses where sellers get their revenue both from selling items and from signing up new sellers Network marketing and referral marketing. Allied Payments provides Credit Card Processing services to the Travel Industry, including Travel Agency Merchant Account services. B. In Summary: The 8 Best Offshore Merchant Account Providers For Small Businesses. Merchant Stronghold specializes in high risk and offshore merchant accounts. We at EMB, or eMerchantBroker. With online businesses, this convention is the norm. All Nutraceutical Merchants welcome. ”. The company filed its unaudited financial results for the nine months ending September 2023, a statutory requirement for companies listed on the NGX. Choosing an ideal payment gateway for your nutraceutical company whittles down the risks that come with processing. We at SeamlessChex understand the challenges faced by online supplement businesses, for we excel in managing fraudulent charges and high chargeback rates. Let us get you set up today. Some also offer to process for numerous currencies. You have to meet your customer’s expectations by providing a way for. Merchants experience resistance to tobacco credit card processing during card-not-present (CNP) transactions. Since the early 1970s the FDA has received over 800 investigational new. Plans start at $99 per month and include a terminal, ACH processing and analytics. Web Shield research has found that 17% of merchants. 6% plus 10 cents per transaction. High risk merchants who choose to process with instant approval companies may have their account shut down which can lead to lost revenue. 3) Funds Go to the Non-Profit Merchant Account. Though this is such a prizewinning industry, it’s still considered high-risk Merchant Account . Terms like “processing for free trial merchants,” “fraud prevention” and “lower chargebacks” may indicate that they are equipped to handle the special challenges that your industry. Supplements and Health products - Continuity Sales - Trial Sales - Straight Sales. Shopify: Best for. At MID KINGZ, we specialize in securing merchant accounts for businesses of all sizes. Build a Network. By using them, you agree to these. Our highly skilled team has merchant accounts for businesses with processing volumes ranging from $20,000-$100,000,000 and up per month. Nonetheless, it’s an industry that, over the last 30 years, has grown in stride with, if not in many ways in opposition to, the booming pharmaceutical industry. You need EMB. With technological advances, the payment services industry has evolved, with payment processors offering merchants new platforms to accept payments. A nutraceutical merchant account is a type of merchant account that is specifically designed for businesses that sell nutraceutical products, such as dietary. Safeguarding your nutraceuticals' digital sales with best practices for secure payment processing ensures trust and reliability for your customers from. linkedin. Chargeback Mitigation. Easy Pay Direct login gateway. A Nutraceutical Merchant Account allows business owners to accept credit card payments for the high risk nutraceutical industry. As a growing industry, the demand for nutraceuticals and dietary supplements see no end in sight. The unpleasant truth is that any merchant account can be used to cash out the proceeds of crime. If you are looking forward to spreading your business worldwide, it is important to have the capacity to process such payments. nutraceutical industry steadily increasing from $34. You pay 2. Get Started Today. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. Tip: The above factors would require nutraceutical companies to have a higher minimum security deposit for their merchant accounts. Our specially. Fees also vary by card type. At Scalesafe, we specialize in securing merchant accounts for businesses of all sizes. 🔸🌟 Evaluating Chargeback Dispute Resolution Strategies for Nutraceuticals Business 🔸🌟 As the demand for health and wellness products continues to soar…When chargeback rates hit 2 percent, payment processors can lose money, so underwriters often deny nutraceutical merchant account applications. Sale of in-game currency or game items, unless the merchant is the operator of the virtual world; Business models that may be particularly prone to abuse by ‘bad actors’ such as: Multi-level marketing. There are two main reasons for this. Without a merchant account, these businesses have no way to accept credit and debit card transactions. Reserves can be held for 180 days after account closure before they are released. The first step on your path to a new merchant account is starting the Easy Pay Direct application or if you would rather chat with someone to find out more, call us at (800) 805-4949 *. Next, you can review our full proposal (which includes pricing), and DocuSign it when you’re ready. However, despite its success, the credit card associations of Visa and MasterCard are still labeling the industry as “high risk”, which is making it incredibly and unnecessarily difficult for businesses to set up the nutraceutical merchant. It is used to identify your merchant account during payment transactions, adjustments, reconciliations, monthly fees, etc. Skype: epay. This has created a significant demand for online credit card sales and nutraceutical merchant account services. Stripe - easy access card payment processing. With Shopify’s nutrition business name generator, you can get 100 creative, relevant name ideas for your nutrition business in just seconds. You will be contacted within one business day . Below are a few examples: Antioxidants like lycopene, coenzyme Q10, alpha-lipoic acid,. To learn more about how to get a merchant account or to open multiple merchant accounts, speak with a live representative at 1-800-318-2713 today. A high-risk merchant account is a type of bank account designed for businesses considered high-risk by financial institutions. We get nutraceutical merchants approved when other processors decline. Higher payment processing fees. Banks issuing the cards receive these fees. Free Merchant Terminal can help! However, with high potential comes high risk. Allow 3-5 business days for approval of US nutraceutical credit card processing accounts. According to recent reports, the Indian nutraceuticals market will probably make to the tune of $10 billion come 2022. This type of billing results in excessive chargebacks from unsatisfied customers because. The ability to integrate Easy Pay Direct with. The U. Multiple Merchant Accounts. With the proper merchant account from the right provider, you'll be able to accept payment for your products without disruption. We will assign you a merchant account manager who will help you from the application process to your final payout. Visit Site. We cater to both online and physical stores, including high risk industries, CARDZ3N offers a single solution that handles all. Experience Unmatched Payment Solutions. NACHA , which operates the vast ACH network within the United States, doesn’t set the interchange fees associated with ACH payments. 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. We are living in an age when leading a healthy life no longer means eating healthy and getting enough exercise. You can filter the date range from 7 days to 30 days. The bank where you have your merchant account is referred to as a merchant acquiring bank (sometimes just referred to as an acquirer). com. They also struggle to secure the financing they need to grow their business and cover costs. A merchant account is a specific type of bank account that allows merchants to accept payments. Pricing for Nutraceutical Merchant Accounts. 3. Plus, doing $50,000 a month minimum in business is nothing new to you. Nutraceutical. All Dating Merchant Accounts are unique but included terms stay the same for most: merchant discount rate (MDR), transaction fees, monthly gateway fee, 0-6. 1. We work with companies that need reliable, secure payment processing solutions to nutraceutical merchant accounts. However, many merchant account providers consider call centers to be high-risk businesses. US accounts take 3-7 days for approval. Nutraceutical Merchant Account. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. Apply Now. The names generated are examples only and may be used by other businesses or subject to third-party rights. These products include dietary supplements, vitamins, and health-related products often sold online. It depends on the type of business the merchant operates. With a supplement/nutraceutical merchant account from BankCard USA, you don’t have to settle for exorbitant processing rates, hidden fees and slow equipment. 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. 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. In-person payments cost the merchant a fee of 2. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Weight Loss Programs. 49 billion by the end of 2025 with an annual compound rate of 8. When your assigned underwriter approves your account, you can start processing payments right away. EMB isn't just your solution for a merchant account, we offer a wide range of business services, including business funding, chargeback protection and prevention, and enterprise consulting. Without a merchant account, you will not be able to accept payment via credit card or debit card. But then, without a merchant account, you will not be able to Accept Credit Card and debit card payments. Services. 2. This is well over what Visa considers an excessive level of chargebacks. 65%, Visa will request an investigation into the cause and that an action plan be developed. Host Merchant Services: Best for large high-risk businesses. The issuing bank (a. We approve 95% of applicants! However, there are various high-risk merchant accounts that nutraceutical companies can apply for to process credit cards through their website and avoid expensive FDA studies and testing. 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). When choosing a merchant account provider, one should always be sure to ask the right questions — things such as rates, fees and funding time are all very important. You may need a rolling reserve account with a cap of up to 50% of the average monthly volume. However, there are various high-risk merchant accounts that nutraceutical companies can apply for to process credit cards through their website and avoid expensive FDA studies. Underwriters analyze the application file to calculate the probability of handling payments for nutraceutical. As a growing industry, the demand for nutraceuticals and. Tier 1: This is the right option for businesses that process under $25,000 per month. Nutraceutical. 3. Full merchant account provider. But then, without a merchant account, you will not be able to Accept Credit Card and debit card payments. 100. Our team of nutra merchant account specialists can help you setup a solid merchant account foundation for your nutra business. Using a payment gateway, merchants are able to connect their website’s shopping cart to the payment network and process authorizations. This allows us to detect any “red flags” beforehand, and ensures a complete application. You can add and manage your product listings directly from Merchant Center. There are many companies out there in the market providing Nutra payment gateway and nutraceutical merchant account. But under the hood, there’s a lot more going on. Besides, we understand just how financially difficult it is to become a business owner. The types of businesses approved for merchant services can vary between the different merchant-acquiring banks. Imagine waking up one day to this message. Get a secure Nutraceutical. Claim your card reader. To save yourself and your business a headache, you need to locate a high risk merchant account processor. Our proprietary echeck payment platform is operated 100% by the firm. Get approved for a nootropic, supplement and nutraceutical merchant account. net: Best for fraud prevention. com, know that nutraceutical merchant accounts are hard to come by. a. 15 per transaction. 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. Account freezes happen frequently. With a high-risk merchant account, you can confidently promote your nutraceutical products, services, and subscriptions, without jeopardizing your sales or transaction. The application process was a pain and it took forever. From the gateway, you can setup different products, shipping costs, tax. Stax: Best for high-value transaction. Getting in touch with a high-risk merchant account provider is the best move for a business looking to set up a nutraceutical merchant processing account for their merchant services. Square: Best Free Merchant Account For Small Businesses. When you integrate with Easy Pay Direct’s gateway, you’re integrating with every major processing platform and payment provider in North America – and an ever expanding network outside. 378 Northlake Blvd #134. High risk products are products and services that are sold by merchants who operate within high-risk industries. NYC Merchant Services is your one stop source for machine equipment and software for your credit card processing terminal payment system. A Terminated Merchant File is used by processing companies to screen merchant account applicants. 20-$1. Fantasy Sports. CVV stands for “card verification value,” which serves as an additional security feature when you’re making “card-not-present” purchases, like over the internet or phone. Every merchant has a different ID number, much like every individual has their tax ID number. Easy Pay Direct is currently the number 1 solution for CBD merchant accounts in the USA and Canada. S. Nutraceutical merchants often have trouble finding online credit card processing and a reliable nutraceutical merchant account, which seems ludicrous considering that. Nutraceutical businesses can get fast approvals for high risk payment solutions with Revitpay. Nutraceutical merchant account providers aren't trying to create troubles for themselves by handling payments for a company that receives as many complaints as orders. Published on January 30, 2022. In today’s dynamic landscape of health and commerce, the convergence of NMN, nutraceuticals, and merchant payment processing is reshaping the way we approach wellness and business transactions. VISA (8472) Monday, October 30, 2023 Agent Login; Merchant Login; Toggle navigation. Advanced Vision Formula. We would like to show you a description here but the site won’t allow us. While it is a thriving industry, the companies are considered high risk due to the chance for legal action in such a loose. 02 billion (2023). The typical per transaction range is $0. We at EMB, or eMerchantBroker. The first step to setting up payment processing is to apply for a nutraceutical merchant account from a trusted provider. The same merchant account can be used for online payments or. It is mainly used by businesses with a wired internet connection plus. Merchant accounts provide entrepreneurs and individuals alike the ability to generate revenue using their own website or preferred eCommerce solution. Collection Agencies. Whether you need a single account or multiple, Easy Pay Direct can guide you through the process and help you secure the perfect account for your unique business. The supplement industry experiences chargebacks because the products are not under heavy regulation by a government body. Free listings is a great addition to the impact that Google's retail ads and commerce solutions have. 5 billion by 2027. White glove service so you can focus on what matters. Main Street Technologies, Advance Auto Parts, South Central Pallets, Discovery Network, Ace Hardware. Medical Service. This merchant accounts includes many major nutraceutical payment gateways and website shopping carts and making shopping process simple. Save Money With eDataPay Top Merchant payments and Media advertising Providers for Small Business. The global dietary supplements industry was estimated at $123. Merchants are expected to submit the following documents to kick-start their underwriting process: Valid government issued identity card. Advanced Mitochondrial. We offer: Retail Payments: We can help you process all types of retail payments, including credit cards, debit cards, and electronic checks. SeamlessChex can set your business up with a nutraceutical merchant account you can trust. Affirm’s acquisition of Paybright is complete. Chargebacks: The 411. The nutraceutical industry is prone to chargebacks for a variety of reasons, causing merchant A business that accepts credit cards for goods or services. See answers from our experts. Online merchant account is without a doubt very risky and has a high risk to chargeback and fraud so the best thing is to apply security tools to prevent such risks. Online merchants in the hookah industry need additional software to securely process transactions. Exclusive Promo: PaymentCloud will give you $200 if they can't beat your current rate. According to Grand View Research, peptide sales are expected to peak at 48. New broker business echeck accounts are easily approved and set up. In general, nutraceutical start ups experience a lot of chargebacks. 9% CAGR and an estimated $5 billion USD growth between 2016 and 2024 (up to $6. Here are answers to some common questions about the Merchant Application process associated with Vantiv Payments for eCommerce. . Contact us today!Redefining Nutraceutical Business with Credit Card and Crypto Merchant Accounts I. We offer fair, transparent pricing for high-risk merchants, starting from 1. Accepting Credit Cards: Empowering. Protect your nutraceutical business from exorbitant bank holds and reserves. We have a step by step proces to secure CBD Merchant Accounts. Quick-click™ is Easy Pay Direct’s free priority shopping cart that allows merchants to connect products or services on their website to the Easy Pay Direct gateway. Of course, the large team will be there to assist you in completing the kit before sending it to the bank. That means more risk, to your business and to. Merchant Marketing Services can help your business grow by providing merchant services at competitive rates. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. dba Allied Payments. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. Our online gambling merchant account fees are industry-competitive and affordable, and the application process is free. Free setup and zero upfront fees. Documents required getting a Merchant Account for Nutraceutical Business: Personal Documents: Driving License and Personal Bank Statements for the recent 3 months. Vape and E-Cig Merchant Accounts. Nutraceutical Merchant Accounts Ready to take your nutraceutical business to the next level? Merchant accounts for nutritional supplements We are the #1 provider of. Here are some of the key benefits of using a Shopify merchant account: Simplicity: Shopify Pay eliminates the need to set up and integrate a separate payment gateway, making it easy to start accepting payments. Most banks in the world dread dealing with nutraceutical industry. Whether you need a single account or multiple, Easy Pay Direct can guide you through the process and help you secure the perfect account for your unique business. Nutraceuticals are considered a high-risk industry, which makes it more difficult to get merchant services at an affordable price. We get nutraceutical merchants approved when other processors decline. A simple, easy to find return or refund policy. This has led to explosive growth in vitamins, supplements and other products that are intended to help improve people’s health without drugs or surgery. Merchants can accept several payments, from bank cards to cryptocurrency, with a reliable ecommerce. Skype: epay. A customer hands over a card, you process it, and with Square, the money usually lands in your account within one to two days. You’ll pay $49 per month plus $0. We can approve practically every business type, even if you have been turned down for payment processing. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. Or Call: 800-993-6300. This is where Allied Payments comes in to help you with the entire application process, down to the integration of the right payment services. Without a merchant account, you will not be able to accept payment via credit card or debit card. Call us today or apply for a merchant account now! Call Us On: 855-339-6004 | Follow Us On: Home; About us; Our Services. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. Even US based businesses operating internationally. However, the first questions to have answered should be about the processor’s experience and tolerance for the nutra business model. A Gun Merchant Account Provider You Can Trust. Payline Data: Best for subscription-based businesses. Easy Pay Direct offers Transaction Routing. global info@eskaypay. 06 billion (2018) to $49. Overcome the toughest of merchant challenges & disapprovals. It takes just a few minutes to complete and you'll be on your way to getting approved and getting your new Nutraceuticals store up and running. While these processors have reduced the acceptable business models, there have been banks emerged with a risk appetite. 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. No matter how beneficial taking vitamins and supplements may be, a nutra merchant account is extremely difficult to get approved for payment processing services. If you take a. CBD Stats: Market researchers believe that CBD could be a 16 billion dollar industry by 2025. Professional Service. There are many risks that come with running a health and wellness business, but our high-risk merchant experts have 10+ years of experience empowering nutraceutical companies with the tools they need to find success in the industry. You have full access to Quick-click™ once you are logged in to your test account or your live account . With these requirements in mind, businesses can qualify for a nutraceutical merchant account more quickly by working closely with their payment processor. Though, that is not neccessary if you have the right nutraceutical merchant account provider on your side. Canadian Merchant Account; Card Scheme; Cashless ATM Program; CBD;Whether businesses require a virtual terminal or only need a gateway, Allied Payments can help. To apply, first you need to complete the online application (which takes about five minutes), and upload any additional required documents. Despite the incredible growth potential, nutraceutical businesses are still treated as high-risk merchants by banks and payment processors. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. Credit card companies charge payment processing fees for each ecommerce transaction. Our offshore solutions provide long-term simple solutions to merchants who would otherwise be unable to process credit card and debit card transactions. A high-end reward card will charge a higher fee than a standard, no-rewards card. For this plan, you’ll pay $79 per month and $0. 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. First, the industry is regulated. 3% for a debit card. 65 billion in its first-ever public financial results release. Merchant Advantage’s Post Merchant Advantage 22 followers 1moIn his spare time, Cris enjoys cycling and doing crosswords. Search for Business Services Log in Sign upBy establishing a merchant account reserve, your processor can safeguard their funds, even if it imposes additional difficulties on you. These supplements have experienced problems due to their use as a muscle-building steroids. Nutra has nothing to do with pharmaceuticals. M. APPLY NOW! Req. We will also give you a few tips on how to choose. Online merchant account is without a doubt very risky and has a high risk to chargeback and fraud so the best thing is to apply security tools to prevent such risks. This means that merchants in high-risk industries have a better chance of getting approved for an account. Read our Review. 5% + 15 cents when you manually key in a transaction. Merchant Stronghold have its Head quartered in Clearwater, Florida. Next, you need to choose an MSP that can support your business goals. One-time & Recurring Payments. Visit Website. Best Merchant Accounts for Petroleum Stations January 24, 2023. That’s why this guide is dedicated to providing a complete tour of Google Merchant Center—a tour that’ll cover all the basics you need to start thriving with Google Shopping ads. Credit Card Processing, Payment Gateway, Point of Sale Systems, High Risk Processing. If you sell supplements, diet pills, or any. Get protection from chargebacks with our. (With Square Instant Deposit, it lands instantly. Today, more and more people are embracing holistic and natural forms of healthcare. As a growing industry, the demand for nutraceuticals and dietary supplements see no end in sight. 1. Show your chargeback ratio and your operating history, and you can get approval. You can find your MID number on any of the following three places: either on the top right of your monthly merchant statement, on the sticker on your credit card, or your credit card transaction receipt. 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. Stay processing and. facebook. Main Street Technologies, Advance Auto Parts, South Central Pallets, Discovery Network, Ace Hardware. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. 95%. Experience Unmatched Payment Solutions. Few providers offer customized end-to-end payment solutions and some don’t. Best for businesses that want a wide variety of terminals and POS systems. Applications are mostly free and no obligation. 51 billion this year, it is expected to grow up to $722. These can all be flags for a high risk merchant account. Or Call: 800-993-6300. The Nutra payment processing emphasizes the need for a long-term, healthy merchant account. This means total flexibility with Merchant Accounts. If you have additional questions, or need clarification on any of these answers, email us at [email protected], or call 1-844-843-6111. Fraud occurs when someone makes a. This has led to more vape shops and online vape shops while increasing the need for ecommerce merchant accounts. Fortunately, TailoredPay can help businesses in the nutraceutical industry find the right high-risk merchant account for their needs. With a high average sale amount, the more “risk” there is to the processor in the event of charge backs. A high-risk business is a business that has certain unique credit card challenges that are specific to how it processes payments. Our tailored approach ensures a seamless integration into your existing systems, allowing you to focus on what matters most: growing your business. Therefore, choosing a high-risk merchant account is better to keep your nutraceutical merchant account without losing sale opportunities. Tus fichas podrán aparecer cuando los clientes busquen productos como el tuyo en la Búsqueda de. 6 billion by 2017. Aside from selling on your own store or website, it’s also a great option to join a distributor that offers you a lot of. They’re so well-established in fact that they work with over 60,000 merchants. Merchant Account Setup: Assist in setting up. 576. One of the primary advantages of highriskpay. The United States has the largest number of nutraceutical. Nutraceuticals encompass a broad set of dietary supplements, natural medicines, health supplements and health maintenance substances that are free from FDA regulations and are widely available over the counter. Online Payment Processing For Internet Businesses. To get a merchant account, one must submit an application with a merchant account provider. Allow 3-5 business days for approval of US nutraceutical credit card processing accounts. Get a secure Nutraceutical Merchant Account with QuadraPay. Contact. Sell Your Custom Nutraceutical Supplements Online. Online Credit Card Processing. Get protection from chargebacks with our powerful chargeback mitigation features. Merchant Login. Without a merchant account, these businesses have no way to accept credit and debit card transactions. Create a proper label of contents. Interchange-plus pricing. SecureGlobalPay can assist with High-Risk Merchant Accounts for Nutra, Diet Programs, Weight Loss Supplements, and all Nutraceutical Related Businesses. 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. If Businesses with a merchant account at a traditional bank that experience excessive chargebacks or a high chargeback ratio can have their accounts closed. Obtaining nutraceutical credit card processing is a challenge sellers face. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. Call us Toll Free (866) 509-7199. Collagen Plus. Resources; Have any Questions? Call us at (800) 621 - 4893; Are you an Agent? Get Started; Already a Member? Merchant Login Agent Login; Sign in. Find Your Zen. Once approved, the merchant account deducts the transaction amount from the customer’s credit card. High-risk merchant accounts sometimes come with challenges, including: Higher merchant fees. 06 billion ). Merchants in need of a high risk merchant account can find affordable payment processing without the excessive fees that other merchant services providers charge. High Risk Solutions designs customized merchant account solutions for this industry niche. The future is looking good for nutraceuticals. government regulates nutraceutical businesses, which means these. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and. Apply Now. twitter. Nutraceutical Merchant Accounts; Online Gaming Merchant Accounts; Online Pharmacy Merchant Accounts; Recurring Billing Merchant Accounts; Tech Support Merchant Accounts;. In some cases, it is a planned and intentional act of fraud, but in other cases it may be something like “ friendly fraud . If. Nutraceutical Merchant Account – ePay Global is leading payment gateway provider for Nutraceuticals to accept payments on your website. 378 Northlake Blvd #134. Nutraceutical businesses are among the high-risk ones – those susceptible to fraud, chargebacks, and strict legal regulations. Stripe already has a master merchant account set up for all its users as they are what the industry considers a “payments aggregator. ⚖️ Chargeback Management Techniques for Nutraceuticals Business Owners 🌿💊 If you're a nutraceutical business owner, you understand the challenges that can…2. Payment processing for high risk nutraceutical merchant accounts are in high demand. 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. To increase your chances of approval, ensure the following documents are in order before filling out an application and submitting it to underwriting. Bankcard International Group Corp.