Nutraceutical merchant account processing history. First, the industry is. Nutraceutical merchant account processing history

 
 First, the industry isNutraceutical merchant account processing history  Cross-border transactions are also a risk factor and can make it difficult to obtain a merchant account

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. 02 billion USD over the next six years – at a compound annual growth rate (CAGR) of 9. Once a nutra company is approved, payment processors set monthly processing limits for new businesses, typically between $25,000 and $50,000 per month, for the first three-to-six-months. NACHA , which operates the vast ACH network within the United States, doesn’t set the interchange fees associated with ACH payments. In today’s ever-changing health and business landscape, the convergence of NMN, nutraceuticals, and merchant payment processing is revolutionizing our approach to well-being and financial… This will assist in the simple acceptance of a nutraceutical merchant account. Additional benefits include balanced hormones, improved mood,. Step 4: Sell your nutra. Online Credit Card Processing. Your customers need an integrated and secure payment gateway to purchase their supplements. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. With affordable rates and great service, your herbal supplements business is in good hands. Complete, Secure Payment Processing Solutions. Having built a network of acquiring banks that work with high risk industries, Instabill offers affordable nutraceutical merchant accounts. Depending on several factors — industry type, processing history and sales volume — our merchant account fees are fair, competitive and consistent within the industry. Our highly skilled team has merchant accounts for businesses with processing volumes ranging from $20,000-$100,000,000 and up per month. According to a recent report, the Global Nutraceutical Market was valued at $382. The Best Merchant Account Services. Online Credit Card Processing. It is possible for a bad credit merchant account to be upgraded to a regular merchant account, but it will depend on the merchant’s credit history and the merchant account provider’s policies. EMB has partnered with Shopify to meet your payment processing and merchant account needs. 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. The payment processor (private corporation or banks) give the final approval of your account. Nonetheless, experienced payment companies. If you have started up more recently, provide what you have since the start. As a result, Nutraceutical businesses face various challenges in payment processing, including fraud attempts, high chargeback rates, and the need for advanced fraud prevention mechanisms. Get Started Today. 2. 1601. As part of the underwriting process, the processing history is checked. A Nutraceutical Merchant Account Application may be to risky if: Accounts with a negative checking account balance are problematic. 3. Nutraceuticals are highly regulated products that require specialized payment processing solutions. With our nutraceutical payment processing, we make it easy to accept payments. Load Balancing. It ensures that customer payments are processed securely, protecting both the customer and the company. Internet based Nutraceutical Product transactions are conducted on our 100% secure platform. – Online Dating. National Processing Great For High Risk Point-of-Sale. Today, we’re focusing on ways business owners can reduce those risks and minimize the effect they have on their merchant account. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. By Tony Ward April 27, 2021 2:27 amApplying for a European merchant account is a straightforward process. NMA investigates the Nutra firm and evaluates its payment processing history. Nutraceutical Merchant Accounts. S. With. Overcome the toughest of merchant challenges & disapprovals. Merchants with businesses that require high risk credit card. 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. Let us get you set up today. To get a merchant account, one must submit an application with a merchant account provider. S. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. Free application with no obligation. 3 billion in 2017. To stay competitive, businesses must use. Take a look at your ACH payment processing, merchant accounts, and how your company handles chargebacks. The MasterCard SecureCode is a 3D Secure program adopted by MasterCard for the security of its customers. These days, most. Ways that nutraceutical companies can get their credit card processing in order. The MasterCard 3D Secure code is only for one-time use and is only. audience that continues to be extremely health conscious is the baby boomers. Based in Lindon, Utah, National Processing is a merchant account provider that serves both standard-risk and high risk merchant sectors. Due to regulatory and compliance concerns, these businesses face challenges in finding suitable merchant accounts and payment gateway solutions. A merchant account is a specific type of bank account that allows merchants to accept payments. National Merchants Association. What Are Nutraceutical Merchant Accounts? A nutraceutical merchant account is required to accept and process card payments. Performance Card Service (PCS) provides herbal supplement merchant account services and other payment options to keep your business as healthy as the products you sell. Check 22. This includes wrinkle creams, dietary supplements in powder form, and libido. Approvals: 5 business days to 2weeks. This allows the acquirer to offer payment services to their clients. Other products and services considered high risk. Here is an overview of the process to set up a merchant account for online gaming: Research and choose a payment processor : Look for a payment processor that specializes in online gaming and has experience in dealing with the. Typically 3 months of processing statements will be suitable to prove your business is operating with the interests of your customers in mind. The bank assigns this number when a business applies for a merchant account with the processing service. Reduced chargebacks– We are a reputable high-risk processor that offers a chargeback management system to all our customers. It is loose, and it is unregulated. E cigs provide many of the same effects of nicotine without creating smoke, rather emitting water vapor. So your best option lies with high-risk merchant account providers. Accept credit card payments online hassle-free. Apply for a High Risk Merchant Account Today! Seeking a High risk merchant account to accept payment through credit cards – Mid Kingz Solutions is here to help you around the clock. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. Our payment gateway services give you access to information regarding your merchant account solutions. The nutraceutical business is booming, and every year brings new products. Without a merchant account, these businesses have no way to accept credit and debit card transactions. Quick Client Access. Fortunately, TailoredPay can help businesses in the nutraceutical industry find the right high-risk merchant account for their needs. E cigs provide many of the same effects of nicotine without creating smoke, rather emitting water vapor. Lesser food cravings. The list of industries considered high risk is long and includes nutraceuticals, magazine subscription services, CBD, debt consolidation, multi-level marketing, travel, and many more. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Every merchant has a different ID number, much like every individual has their tax ID number. What this means for you, the nutraceutical business owner, is that the process to apply for a nutra high risk merchant account is longer and tougher. Acquiring and maintaining a reliable merchant account is a significant challenge for nutraceutical businesses. The typical per transaction range is $0. “The biggest risk is not taking any risk” – Mark Zuckerberg Online pharmacy is a leading business on today’s eCommerce market. The most recent negative review mentions held funds: Signed up for a processor sent all needed information, Just for funds to be held and canceled 90-180 days. 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. Learn MoreGun Friendly Credit Card Processing; Credit Repair Merchant Account; Continuity Subscription Merchant; Large Digital Goods Merchant; Blog “Start Accepting Credit Cards Today” Get Approved Now ️. – Sex Toys. Get the processing capacity you need to manage & grow your nutraceutical business. The setup time for a nutraceutical merchant account can vary based on factors like your business model, processing history, and compliance requirements. To apply, first you need to complete the online application (which takes about five minutes), and upload any additional required documents. customer history vault, and the most efficient Nutraceutical Merchant Account available in our industry. We provide secure payment gateways (shopify, woocommerce, etc), ach & credit card processing. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online. Contact us to learn more about our services or start the application process today. Stay processing and keep track of your transactions with your nutraceutical merchant account. Merchant accounts accept credit cards, debit cards, and other common types of online payment options, and having the right one can make the transaction process reliable and smooth for your customers. To get a nutraceutical merchant account, an online application is the quickest way to an approval. With regulations on payment processing getting more strict, you will need a solution you can rely on. According to the Council for Responsible Nutrition, 80% of Americans use some type of supplement. Selling nutraceutical products can be a slippery slope, which is why we’re straightforward with banking guidelines and protocol. New broker business echeck accounts are easily approved and set up. The high risk merchant account provider initially approves your account. 3 billion in 2022, and is expected to grow at a CAGR of 8. These limits are typically between $25,000 and $100,000 per month. 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. Don’t start without identifying a target market. To get a merchant account, one must submit an application with a merchant. Host Merchant Services: Best for large high-risk businesses. Further projections have. For Nutra firms that are new to processing, NMA will consider additional variables such as financial strength, third-party vendors used by the merchant, etc. What you did 2 years ago is irrelevant for most merchant account applications. MIDs are considered a highly sensitive information. The process may take up to 6 months, with an initial registration fee of about $10,000 for the first year, and $5,000 for the following. 50. For the CBD and cannabis industry, ACH and eCheck payment processing offer secure and reliable alternatives to traditional payment options. Generally, our team strives to expedite the application process. Retail Payments. The market for nutraceuticals, sometimes known as “nutra,” is expanding both domestically and internationally. Contact us today to discuss your needs, and we’ll provide you with a more accurate estimate based on your specific situation. Here is an overview of the process to set up a merchant account for online gaming: Research and choose a payment processor : Look for a payment processor that specializes in online gaming and has experience in dealing with the industry’s specific. Merchant Accounts. High risk merchant. Incorrect data entry is the single most common cause of returned transactions. A subsidiary of Visa, Authorize. S. The US share of the global market was substantial. Nutraceutical Merchant Accounts;. Merchant Accounts. It enables nutraceutical merchants to securely process payments for a wide range of dietary supplements, vitamins, herbal products, and other nutraceuticals. Major studies project that the global dietary supplements industry will grow to $278. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. Complete, Secure Payment Processing Solutions. International adult. The payment gateway encrypts sensitive payment data. We approve the accounts, manage risk, clear payments, and pay the forex merchants. We will also give you a few tips on how to choose. Our very lucrative affiliate program is unlike any others. Credit Score: Payment processors may ask for your credit score and credit history, particularly if you are applying for a high risk merchant account for the first time. The bank assigns this number when a business applies for a merchant account with the processing service. The U. Point-of-sale (POS) solutions. The nutra industry has seen an annual growth rate of about 6. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. These guidelines include hygiene standards for processing and storage, implementation of process control systems to make sure reliable quality. 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. The merchant ID is used for. Built-in virtual terminal. (801) 829-9495 Apply Today A Comprehensive Guide to Nutraceutical Products and Securing a Merchant Account for Payment Processing While the process of securing a. Rapid growth of your business from small to medium or high volume. PAYFASTO NUTRACEUTICALS PROCESSING DETAILS. For credit card processors, the nutraceuticals industry presents both unique opportunities and challenges. EMB isn't just your solution for a merchant account, we offer a wide range of business services, including business funding, chargeback protection and. A payment gateway is an Internet application offered by merchant services providers for use to authorize high-risk credit card and debit card payment transactions. So, when a nutraceutical company applies to a bank for a merchant account to accept debit and credit transactions, it hits a wall. While traditional banks view companies in this sector as high risk, with a nutraceutical merchant account it is possible to Manage and develop your nutraceutical company with the processing capabilities you require. Our typical turn-around time is 3-5 business days. Accept credit card payments online hassle-free. This labeling has made applying for and approving a merchant account difficult. In 2015, US sales were about $74B or 40 percent of the global market. NPC (National Processing Company), a Vantiv company, is a leading provider of innovative payment processing and technology solutions. shop and compare merchant services for nutra sales Some merchant account providers specialize in high-risk merchant services, but they do in general charge higher transaction fees. Vector Payments is a leading provider of payment processing solutions for nutraceutical and supplement businesses. offshore merchant account; credit card processing; solutions. Each nutraceutical merchant account is different. We offer our vast array of skills and knowledge to help ensure that nutraceutical merchants and their. Distribute processing among accounts. After decades of processed foods and unhealthy habits, nutraceuticals and the plant-based food revolution is gaining traction, though many are wary of medicinal uses of some of these products for a variety of reasons. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. If you take a nutritional supplement, you. Ideal for businesses with a wired internet connection and a traditional storefront, these sales typically have the lowest fraud and chargeback risk and are therefore. com. – Adult Magazines. They may even offer guaranteed merchant account approval. We provide secure payment gateways (shopify, woocommerce, etc), ach & credit card processing. Third is vaping and e-cigarettes. Nutraceuticals are highly regulated products that require specialized payment processing solutions. 8% between 2017 and 2022. These merchant accounts are also known as a "travel merchant services". Many traditional payment processors are hesitant to work with high risk merchants, leading these businesses to seek out specialized high risk merchant account providers. Supporting documents include: ID for the signer on the account; business bank statements; payment processing history; and details about the business entity. Credit Card Processing Shopping Carts Payment Gateway Integration AMSLV. The Florida-based merchant account provider, Allied Payments is capable of serving most domestic high-risk business types. What this means for you, the nutraceutical business owner, is that the process to apply for a nutra high risk merchant account is longer and tougher. Get a secure Nutraceutical Merchant Account with QuadraPay. Power Your Business With Nutraceutical Merchant Accounts and Payments From Scalesafe Payments — Easy, Reliable, and Secure. There are two main reasons for this. Fast & Secure Credit Card Processing Merchant Account No Application Fee + Low Rate + Fast Approval Call: (888) 405-3093 English / Español. Call you today to discuss our high risk ach processing programs. . Debit PIN Pad and Stand Alone Terminal. 55 billion this year and a projected CAGR of 9% for the next decade. According to a recent report, the Global Nutraceutical Market was valued at $382. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. Most of the account providers follow a two-step approval. Chargebacks occur when a customer disputes a transaction with their credit card company, leading to a refund. The process usually requires processing payments from the customer’s account into the vape merchant account. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Choosing the appropriate solution for merchant account processing is a critical decision for businesses. From products that improve joint health to those that boost intestinal health, the global nutraceutical industry provides countless ways for people to stay nourished and healthy. An appropriate label of contents is a must. Here’s how to set up a fat-soluble Nutraceutical store. A merchant account is a specific type of bank account that allows merchants to accept payments. What you need to look out for is getting locked in a long term contract while you are still on the first step and. Nutraceutical Merchant Account; Pharmacy Merchant Account;. A No Chargeback Merchant Account, also known as a "high-risk" merchant account, is a specialized payment processing solution designed to cater to businesses that face a higher risk of chargebacks. As a result, Nutraceutical businesses face various challenges in payment. Vape and E-Cig Merchant Accounts. Nutraceuticals tend to prolong the aging process, increase life expectancy, foil chronic diseases, and generally improve our wellbeing by boosting the functions and performance of the human body. Like many other companies that are classified as “high risk” by lenders, nutraceutical companies have uphill battles when they seek nutraceutical company merchant accounts. Fill out our online application. At Allied Payments, we offer a wide array of merchant services, including payment processing, high-risk. High-risk industries such. #1 eMerchantBroker Top Pick for Kratom Credit Card Processing. There are many companies out there in the market providing Nutra payment gateway and nutraceutical merchant account. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. The bank-to-bank transfers direct payment platform was designed specifically for high risk ecommerce businesses including nutraceutical merchants. residents have become more focused on preventative health and are willing to spend a lot of money on vitamin supplements and other nutraceutical items. Home; Merchant Services. For nutraceutical businesses, there are distinctive considerations. According to recent reports, the Indian nutraceuticals market will probably make to the tune of $10 billion come 2022. A merchant account provider processes all types of cashless payments including checks, credit and debit cards, online, and mobile payments. Your company is growing and needs another merchant account. Minimum processing: $5,000 minimum for national. Three Months Processing history showing a at least $50,000 per month is required to qualify for an adult merchant account. A merchant account is a specific type of bank account that allows merchants to accept payments. Our Internet merchant account services provide businesses with the reliability and security to run smoothly and thrive over the Internet. The demand. The potential of growth is thus ignored in favor of playing safe. The supplement industry experiences chargebacks because the products are not under heavy regulation by a government body. A provider of high risk merchant services since 2001, Instabill is offering additional payment processing options for nutraceutical merchant accounts. Sharper mental clarity. Within the realm of high-risk payment processing, the nutraceutical industry stands out as one of the most challenging sectors. The merchant ID is used for. In most cases, rates vary from merchant to merchant and are contingent upon factors such as processing history and the merchant’s financial history. 3% plus 30 cents for invoices. 2. However, we commit to provide the lowest rate to your merchant account. Simply fill out the form below. Essentially, the e-cigarette account serves as the. Offshore Nutraceutical Merchant Accounts (with payment processing history): iPayToTal requires 3-6 months of payment processing statements displaying your company name as well as total sales, chargebacks, refunds, and returns. The main types of payment processing services include: ACH (eCheck) Check 21. It can be challenging to navigate the payment processing restrictions that apply to nutraceuticals. 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; Dedicated and Responsive Payment Experts; Flexible and Scalable Merchant Accounts; Chargeback Reduction Solutions; Set Up Your Nutraceutical Merchant Account Today. If you've been declined by traditional banks, we know the frustration and can help overcome those hurdles and sign you up for a merchant account in as little as 72 hours. Taking part in the growth of Internet sales of vitamins and supplements One portion of the U. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. Look for vendors that use language stating they are friendly to your business. Average single transaction is over $500. Free application with no obligation. The final step in your custom nutraceutical supplement business is to begin processing payments on your site. government regulates nutraceutical businesses, which means these. The company offers a wide range of retail and e-commerce solutions for most business types, including adult, auto parts, collections, credit repair,. PLUS you’ll earn these commissions for the lifetime of their account. Unexplained gaps in processing history. 20-$1. International merchant support. Obtaining nutraceutical credit card processing is a challenge sellers face. Nutraceutical merchant accounts from High Risk Credit Card Processing Accounts. Specializing in eCommerce businesses, Allied Payments can provide a host of different payment options. Unfortunately, this high projection still does not ease the process of being approved for peptide merchant account services from banks. Payment processing companies have fixed jurisdictions for merchant acceptance, and. A nutraceutical product is a purified or isolated item that must have the ability to combat chronic diseases or have a physiological benefit. Call us Toll Free (866) 509-7199. As a result, it may make banks hesitant to approve merchant. See full list on secureglobalpay. Or Call: 800-993-6300. Fortunately, it is possible to do so without hassle and worries because there are merchant account providers like HRMA-LLCHRMA-LLCExplore how high-risk merchant accounts are transforming the nutraceutical industry. Banks that fund nutraceutical merchant accounts that market illicit ingredients or goods can be found responsible once more. com. Most banks in the world dread dealing with nutraceutical industry. It’s undeniable that the nutraceutical market goes on growing at a rapid pace. 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. What Is Required for Firearms Friendly Merchant Services? For gun shop merchants to operate online and qualify for firearm friendly credit card processing, you need to submit the following required documents: 1. Performance Card Service (PCS) provides herbal supplement merchant account services and other payment options to keep your business as healthy as the products you sell. This is particularly true for nutraceutical companies that need to harmonize customer needs while operating in full compliance with industry laws and regulations. FFL (Federal Firearms License) The Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE) issues the FFL (Federal. One such option is eMerchant Authority which offers bad credit merchant accounts that your business needs to be able to receive payments. All this being said, having the proper card payment processing services for the sales of these products must be done via a high-risk merchant account. The same merchant account can be used for online payments or. A merchant account is a type of bank account that allows businesses to accept credit card payments. Depending on several factors — industry type, processing history and sales volume — our merchant account fees are fair, competitive and consistent within the industry. The overall fees include: Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Other benefits of Nutra products are: Improves sleep. First Card Payments Ifyou’re starting a nutraceutical business, you’ll probably find that setting up payment processing Read: Nutraceuticals Business Guide. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. Domestic and international solutions with no contracts, low rates and next day funding. Nutraceuticals are divided into three distinctive categories: functional food (probiotics, nuts, tomato products, yogurt), functional beverages (sports drinks), and dietary supplements (vitamins, minerals. If you sell supplements, diet pills, or any vitamins online, you’ll want a payment processor that keeps your account running. 70 70. What’s needed to get a nutraceutical merchant account. examining the payer’s financial history and confirming the availability of funds. To get a merchant account, one must submit an application with a merchant account provider. A merchant account is a specific type of bank account that allows merchants to accept payments. That timeframe can vary based on your business and your credit history. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. Chargeback protection. National Processing Great For High Risk Point-of-Sale. Topping the list of high-risk businesses, the nutraceuticals market value is expected to reach an estimated USD 454. Many of its features are identical to a regular merchant account. Copy of call center agreement. S. There are two main reasons for this. The merchant account provider will usually require a high-risk account to process these payments. Nutraceutical Merchant Account; Pharmacy Merchant Account;. It depends on the type of business the merchant operates. Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. NMA investigates the Nutra firm and evaluates its payment processing history. Texas Rules & Regulations for the Credit Repair Industry. In general, merchants with a bad credit merchant account will need to demonstrate a track record of successful credit card processing and a good. In the United States, about 75% of adults take some form of dietary supplement; 10 percent over the past 10 years, according to the Council for. It is projected to leap 20 percent by 2019, and reach $6. Documents Required for Nutraceutical Merchant Account. Getting started takes one minute Zenti was referred to me by my developer. Offshore Nutraceutical Merchant Accounts (with payment processing history): iPayToTal requires 3-6 months of payment processing statements displaying your company name as well as total sales, chargebacks, refunds, and returns. Multi-currency settlement. They’re so well-established in fact that they work with over 60,000 merchants. So, the cost of ACH processing depends on the payment processor you use. 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. Each nutraceutical merchant account is different. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant. To get a merchant account, one must submit an application with a merchant account provider. Say you ’ re a subscription, adult, dating, business opportunity, cosmeceutical, or nutraceutical merchant and you ’ve been processing for a year or more. Request a Free Consultation! In case you have any queries, feel free to call us on 844-643-5464 or write us at [email protected]. eMerchantBroker has also received 12 informal reviews from merchants, with 10 of them positive in tone and 2 which are negative in tone. Nutraceutical merchant accounts are the ideal solution for online nutrient, dietary supplement, and herbal product manufacturers and retailers looking to grow their business and put the pains of finding high volume processing capacity behind them. Nutraceutical merchant processing history is also an important part of underwriting procedures with plenty of attention given to chargeback ratios. A virtual terminal connects to a secure payment processing gateway. Durango Merchant Services: Best for highest-risk businesses. Nutraceuticals (also referred to as nutra) is a growing industry in the United States and worldwide. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. As our staff at FintechMerchantAccounts conducted our research on the nutraceutical industry (” Nutra”) we found that it is estimated to grow to a staggering $671 billion by 2024 worldwide. A 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. Nutraceutical products are increasingly becoming more and more popular all over the world. , with eMerchant Authority. 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. At a compounded rate of 21% per annum, this dream will most likely come true. Apply Now. No Comments. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. Choosing an ideal payment gateway for your nutraceutical company whittles down the risks that come with processing. In this article, we focus on that, analyzing what a nutraceutical merchant account is.