Selling nutraceutical products can be a slippery slope, which is why we’re straightforward with banking guidelines and protocol. Whether businesses require a virtual terminal or only need a gateway, Allied Payments can help. Reduced chargebacks– We are a reputable high-risk processor that offers a chargeback management system to all our customers. Why we like it: Square offers payment services based on a flat-rate processing model without a monthly. Merchant Uses of Payment Processing Services. The nutraceutical business is booming, and every year brings new products. This type of account is essential to accept credit and debit card payments, and that is why nutraceutical merchants need to find another solution to open a merchant account. 3 months of business banking statements; Approvals: 5 business days to 2 weeks; Offshore Startup. The payment processor (private corporation or banks) give the final approval of your account. To get a merchant account, one must submit an application with a merchant account provider. Household debt is at an all-time high, and it’s more important than ever for debt collection agencies to have access to convenient and robust payment processing solutions to collect debt payments. Merchant Solutions. Ways that nutraceutical companies can get their credit card processing in order. Check processing. One of our skilled high risk agents will be in touch within 1-2 business days to help explain the application and the process of obtaining a merchant account with us. 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. 1 billion. 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. Also known as a tobacco shops, many financial services companies have distanced themselves from the industry. Here’s a closer look at the nutraceutical industry, as well as the high-risk merchant A business that accepts credit cards for goods or services. They also struggle to secure the financing they need to grow their business and cover costs. Shopify Payments Membership & Recurring Billing Nutraceutical Shopify Payments +208-806-2953 Membership & Recurring Billing Membership & Recurring Billing With a high. 1601. Documents Required for Nutraceutical Merchant Account. To get a merchant account, one must submit an application with a merchant account provider. Nutraceutical businesses can be very profitable. Our friendly and skilled representatives are standing by ready to assist you. Whether businesses require a virtual terminal or only need a gateway, Allied Payments can help. US accounts take 3-7 days for approval. It is a virtual representation of a physical shopping cart, where customers can add products they want to buy and keep track of their order before checkout. eMerchantBroker has also received 12 informal reviews from merchants, with 10 of them positive in tone and 2 which are negative in tone. According to a recent report, the Global Nutraceutical Market was valued at $382. That timeframe can vary based on your business and your credit history. To get a nutraceutical merchant account, an online application is the quickest way to an approval. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. To get a merchant account, one must submit an application with a merchant account provider. 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. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. What you need to look out for is getting locked in a long term contract while you are still on the first step and. Processing History for Stripe, Square, and PayPal. Durango Merchant Services: Best for highest-risk businesses. If there were ways to fight aging, promote sexual health or achieve weight loss without surgery or prescriptions, wouldn’t you? This is the premise on which nutraceutical companies operate – that most people want to improve their health, but may not want to undergo medical procedures or take medicines with chemicals they don’t trust. Unfortunately, many credit card processors do not want to work with nutraceuticals businesses. The Payment Experts. The reason is that there is a growing interest in health and wellness, and the demand for dietary supplements is increasing rapidly. It ensures that customer payments are processed securely, protecting both the customer and the company. The whole process can be completed in as little as 48 hours between application to processing payments. 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. Pet supply merchant accounts Storage facility merchant accounts with. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. The merchant ID is used for. Once a business hits a ratio of 0. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. Especially for high risk merchants. Obtaining nutraceutical credit card processing is a challenge sellers face. Most credit card processors are unable to commit staff to continuous platform surveillance. These supplements have experienced problems due to their use as a muscle-building steroids. you would need a reliable payment processing provider to help you take care of credit card purchases made on your website. To get a merchant account, one must submit an application with a merchant. Virtual terminal merchant accounts include unlimited virtual terminals. Sharper mental clarity. Contact us today to discuss your needs, and we’ll provide you with a more accurate estimate based on your specific situation. lately, this could cause a swift decline of nutraceutical imports and put a major dent in some or all industry profits. A nutraceutical merchant account allows these merchants to not only secure the credit card processing services they need, but also take advantage of. In general, merchants with a bad credit merchant account will need to demonstrate a track record of successful credit card processing and a good. If you sell vitamins, herbal products, or supplements, you will likely have to open a high-risk nutraceutical merchant account with your bank or payment processor. Various payment methods, such as credit cards, debit cards, and other options, can be used for processing. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. With online businesses, this convention is the norm. 51 billion in 2022 and is expected to reach a whopping $722. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. S. Nutraceutical Merchant Account; Pharmacy Merchant Account;. Taking part in the growth of Internet sales of vitamins and supplements One portion of the U. With. NMA investigates the Nutra firm and evaluates its payment processing history. DigiPay knows how to navigate the high-risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified. No caps on your. – Adult Cruise Lines. A Merchant ID number (MID), is a unique code assigned to a merchant by their payment processor. – Online Dating. Online Credit Card Processing. The Florida-based merchant account provider, Allied Payments is capable of serving most domestic high-risk business types. 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. It is projected to leap 20 percent by 2019, and reach $6. Nutraceutical merchant accounts have also assisted the nutraceutical industry in a majority of ways. Considering what has been happening in the U. Therefore, they require payment processing methods tailored to their needs. To apply, first you need to complete the online application (which takes about five minutes), and upload any additional required documents. In fact, many banks have. This labeling has made applying for and approving a merchant account difficult. Specializing in eCommerce businesses, Allied Payments can provide a host of different payment options. Complete, Secure Payment Processing Solutions. Due to regulatory and compliance concerns, these businesses face challenges in finding suitable merchant accounts and payment gateway solutions. The rapid expansion of the nutraceuticals industry –food and drinks with possible health advantages – is driven by current shopper trends. The nutraceutical industry, as a part of the high-risk payment processing landscape, faces distinct challenges in payment processing, merchant account acquisition, and regulatory compliance. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. streamline payment processing. We keep your money safe, so you can keep doing what you love. S. This has led to more vape shops and online vape shops while increasing the need for ecommerce merchant. As a growing industry, the demand for nutraceuticals and dietary supplements see no end in sight. Look for vendors that use language stating they are friendly to your business. Two of the most common supplements today with difficulty in securing supplement merchant accounts have been SARMs and Peptides. 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]. To get a merchant account, one must submit an application with a merchant account provider. L. Vape and E-Cig Merchant Accounts. Incorrect data entry is the single most common cause of returned transactions. It can be any kinds of foods or supplements that can be considered medically or functionally beneficial to ones body. You’ll earn a 20% commission on anyone you sign up, that starts processing payments with Easy Pay Direct. The main types of payment processing services include: ACH (eCheck) Check 21. 5% plus 15 cents for manually keyed transactions. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. This meteoric growth has propelled the industry into new frontiers, most notably in payment processing. The typical per transaction range is $0. Instabill’s new option for. Unexplained gaps in processing history. We provide secure payment gateways (shopify, woocommerce, etc), ach & credit card processing. 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. Funds leave the customer’s account and get deposited into the merchant account. They’re so well-established in fact that they work with over 60,000 merchants. A high-volume merchant account is a merchant account that is specifically geared towards merchants who have a higher than normal volume. For high-risk merchants, credit card processing online can be a challenge because of their corporate location or the industry they are involved in. nutraceutical, type of food substance that helps to maintain health and prevent illness. Increases energy. Payment requests are initiated by the merchant and sent to the customer’s financial institution. Discussing Nutraceutical Payment Processing & Merchant Account & Regulations. – Pre-recorded Videos. With high chargebacks, continuity billing and excessive friendly fraud cases, it is not surprising that nutraceutical merchant processing is considered higher risk for traditional banks and payment processors. The overall fees include: Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. If you take a nutritional supplement, you. A merchant account is a specific type of bank account that allows merchants to accept payments. This includes information on individual transactions and batch totals with comprehensive reporting tools. As consumers increasingly turn to dietary supplements, vitamins, and herbal remedies for health and wellness. 3rd party integrations. Los Angeles, CA (PRWEB) January 26, 2015 -- eMerchantBroker is proud to announce merchant account support for all businesses dealing in the nutraceuticals industry. Contact us to learn more about our services or start the application process today. Get a Merchant Account to Sell Supplements Online From MID Kingz Solutions. Depending on several factors — industry type, processing history and sales volume — our merchant account fees are fair, competitive and consistent within the industry. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Accounting for over $60billion in annual revenue, the nutraceutical market is expected to surpass $100billion by 2024. 50. These two niches have different purposes and demand a different business approach. 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. Get a Merchant Account to Sell Supplements Online From MID Kingz Solutions. A high-risk merchant account will accept the risk and allow you to process credit cards. 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. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. Check out our nutraceutical merchant accounts today and. For this, the merchants depend on credit card payments from customers to make money and support growth. It’s perfect if chargebacks are tiny. Check processing, ACH and direct debit;Host Merchant Services: Best for large high-risk businesses. DigiPay knows how to navigate the high-risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified. To get a merchant account, one must submit an application with a merchant account provider. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Are you looking for a Merchant Account to process payments for your online nutraceutical business? Merchant accounts for Nutraceutical businesses are not easy to get. Don’t start without identifying a target market. #SharkProcessing #B2B #Highriskindustriessupported #internationalmerchant #Highriskpayment #paymentprocessing #creditcardprocessingA head shop merchant account is a payment processing account set up exclusively for head shops. Look for vendors that use language stating they are friendly to your business. 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. The global dietary supplements industry was estimated at $123. A subsidiary of Visa, Authorize. A government-issued ID like a state-issued driver’s license. Don’t let payment processing issues hold you back – contact QuadraPay today to learn more about their services and how they can help your nutraceutical business thrive. It depends on the type of business the merchant operates. This means that nutraceuticals imported from the United States, must be assessed and approved by Health Canada and a site licensed facility. What’s needed to get a nutraceutical merchant account. They average 1. Check 22. A subsidiary of Visa, Authorize. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. At Allied Payments, we offer a wide array of merchant services, including payment processing, high-risk. If chargeback rates are low, it is a good thing,. The nutra industry has seen an annual growth rate of about 6. Why Join NMA? NMA Member Benefits; From Our MembersSix steps one should make to open a nutraceutical merchant account: 1. As a business expands, our online payment processing services can quickly scale accordingly, preventing any. To stay competitive, businesses must use. Why You Need Nutraceutical Credit Card Processing. A merchant account provider processes all types of cashless payments including checks, credit and debit cards, online, and mobile payments. An acquiring bank, also known as an acquirer, is a third party that offers a merchant account to a business for the purpose of accepting payments. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. Without a mer. 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. International nutraceutical merchant accounts are approved 7-14 days after the application file has been received and verified. 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. High-risk industries such. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway. Several factors influence a merchant’s risk level. We offer our vast array of skills and knowledge to help ensure that nutraceutical merchants and their. In general, nutraceutical start ups experience a lot of chargebacks. The high risk merchant account provider initially approves your account. 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. According to recent reports, the Indian nutraceuticals market will probably make to the tune of $10 billion come 2022. S. and also check your credit history. The accounts enable acceptance of payments from customers in the US and overseas. Fast & Secure Credit Card Processing Merchant Account No Application Fee + Low Rate + Fast Approval Call: (888) 405-3093 English / Español. 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 ️. The overall fees include:Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. Get Payment specializes in offering high risk nutraceutical merchant accounts, tailored to meet the unique needs of businesses in this industry. No longer will customers call to purchase or. International accessibility. Implement solutions that will assist the nutraceutical industry the most. First Card Payments Ifyou’re starting a nutraceutical business, you’ll probably find that setting up payment processing Read: Nutraceuticals Business Guide. Some storefront and MOTO businesses use payment. A merchant account is a specific type of bank account that allows merchants to accept payments. Accounting for over $60billion in annual revenue, the nutraceutical market is expected to surpass $100billion by 2024. . Merchant Services Provider: also known as MSP. All Nutraceutical Merchants welcome. A nutraceutical product is a purified or isolated item that must have the ability to combat chronic diseases or have a physiological benefit. Apply Now. After a quick internet search, you find a provider offering “instant merchant account approval” for high risk credit card processing. Nutraceutical merchant accounts have also assisted the nutraceutical industry in a majority of ways. In order to properly set up, a nutra business online, merchants make sure to go through a few important steps (we can help). 1 billion. Founded in 2012, Easy Pay Direct competes with some of the older merchant account providers available. examining the payer’s financial history and confirming the availability of funds. Accessibility Click here for Accessibility adjustments. Nutraceutical merchants often have trouble finding online credit card processing and a reliable nutraceutical merchant account, which seems ludicrous considering that. Instant check verification services for ACH accounts and electronic check payments are used to validate bank account information prior to processing an echeck payment. The funds move. Skip to content. It can be challenging to navigate the payment processing restrictions that apply to nutraceuticals. Gain insights into secure payment solutions. Supports reproductive health. So, merchants in this industry need to find a way to obtain one. As specialists in high risk payment processing, we have the industry relationships necessary to help you obtain or improve. High ticket merchants and merchants with bad credit. Get more volume quickly. On average this is 5+ years!CBD oil boasts of many good sources including vitamin E antioxidants, magnesium, zinc, calcium, and many, many others. Supporting documents include: ID for the signer on the account; business bank statements; payment processing history; and details about the business entity. Also known as a tobacco shops, many financial services companies have distanced themselves from the industry. Call Us: +1 (800) 530-2444. The company’s products include ACH processing, an online payment gateway, merchant cash. audience that continues to be extremely health conscious is the baby boomers. While these processors have reduced the acceptable business models, there have been banks emerged with a risk appetite. The process usually requires processing payments from the customer’s account into the vape merchant account. Say you ’ re a subscription, adult, dating, business opportunity, cosmeceutical, or nutraceutical merchant and you ’ve been processing for a year or more. Most banks in the world dread dealing with nutraceutical industry. The main reason is that many payment processors and banks consider nutraceutical companies high-risk merchants. 3. The Smart Drug Industry. Without a merchant account, these associations have no genuine method to recognize credit and check card transactions. And they often increase the chance that their merchant account will get shut down. We welcome all merchants and our high risk merchant account services are easy to operate. residents have become more focused on preventative health and are willing to spend a lot of money on vitamin supplements and other nutraceutical items. TailoredPay also works with both small and large businesses across multiple industries and sectors. 3. 5%. S. Your creditworthiness is evaluated to determine your eligibility for a nutraceutical merchant account, considering various risk and market factors. 51 billion in 2022 and is expected to reach a whopping $722. Don’t let payment processing issues hold you back – contact QuadraPay today to learn more about their services and how they can help your nutraceutical business thrive. If your online store needs a stronger merchant and payment. 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. They also struggle to secure the financing they need to grow their business and cover costs. Membership. 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. From the jump, they were impressive. Process over $300,000 per month. 81% for a credit card and 0. Reach out. Fees also vary by card type. Business funding options. Contact us today at 1-877-296-3690 to. Free setup and zero upfront fees. 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. The global nutraceutical market is set to reach $285 billion by 2021 with a compound annual growth rate (CAGR) of. While products change, one thing that stays the same is the hassle of locating a nutraceutical merchant account provider. Factors such as fees, security, customer support, and compatibility with your business model need to be carefully evaluated. This means that this hold back percentage is taken out of each credit card sale until your allowed monthly volume is met. SMB Global: Best for international merchants. 3% in recent years, and in 2015 the industry grossed $74 billion in the United States alone. The MasterCard SecureCode is a 3D Secure program adopted by MasterCard for the security of its customers. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. Topping the list of high-risk businesses, the nutraceuticals market value is expected to reach an estimated USD 454. offshore merchant account; credit card processing; solutions. Preferential rates exclusive to Merchant Advice. What is a High Risk Merchant Account? Merchant Accounts for businesses are classified as risky for many reasons, including brand new business, poor credit history, operates in a high risk industry, processes a high volume of transactions or high ticket transaction values. Discussing Nutraceutical Payment Processing & Merchant Account & Regulations. This is a private code sent to MasterCard account holders’ mobile numbers or email addresses that provides additional security to every transaction. Reach out to our. 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. That means more risk, to your business and to. They additionally battle to secure the. A government-issued ID like a state-issued driver’s license. Nutraceutical companies seeking a merchant account can turn to National Merchants Association (NMA) – High Risk Done Right That said, securing a nutraceutical industry merchant account requires working with a payment provider specializing in providing high-risk credit card processing services to nutraceutical businesses. Within the realm of high-risk payment processing, the nutraceutical industry stands out as one of the most challenging sectors. This includes information on individual transactions and batch totals with comprehensive reporting tools. From account management software and CRMs to accounting applications, we can link into them all with just a click of a button. Your company is growing and needs another merchant account. If you have been Previously rejected or discarded by another processor, we can help you get back on track. Your customers need an integrated and secure payment gateway to purchase their supplements. Rapid growth of your business from small to medium or high volume. After this, the money is transferred to your business account, which can later be used for your business activities, such as restocking your inventory, paying salaries, and more. 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. PAYFASTO NUTRACEUTICALS PROCESSING DETAILS. Check verification confirms that routing. Nutraceuticals are divided into three distinctive categories: functional food (probiotics, nuts, tomato products, yogurt), functional beverages (sports drinks), and dietary supplements (vitamins, minerals. Oct 17 -- 6 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. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. PaymentCloud is a merchant account provider that specializes in credit card processing solutions for high risk business types. Telemedicine merchant accounts also create an additional revenue stream for telemedicine software providers, adding profits without much additional work. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. One of our skilled high risk agents will be in touch within 1-2 business days to help explain the application and the process of obtaining a merchant account with us. No Comments. Underwriters analyze the application file to calculate the probability of handling payments for nutraceutical. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. A merchant account for bad credit can, therefore, be opened for low and. Copy of the fulfillment agreement. Retail Payments. Nutraceutical Merchant Accounts;. Other products and services considered high risk. Debit PIN Pad and Stand Alone Terminal. Fortunately, TailoredPay can help businesses in the nutraceutical industry find the right high-risk merchant account for their needs. Merchants with businesses that require high risk credit card. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. ACH Network transactions are fully electronic and governed by rules by NACHA and the Federal Reserve. In fact, the industry is estimated to grow to a staggering $671 billion by 2024 worldwide. There are many merchant account providers to choose from to process cashless payments, but not every merchant account provider accepts high-risk. 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. With decades of experience, our team is committed to providing competent knowledgeable advice and a plan of action to get your merchant account approved quickly. Payment gateways. But while the industry continues to gain legitimacy, and an eager public continues to purchase nutraceuticals every day, we have to wait for regulations to catch. 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. Consider looking for a credit card processing company that offers consulting as well. Our typical turn-around time is 3-5 business days. Reasonable processing rates. Durango Merchant Services: Best for highest-risk businesses. One-time & Recurring Payments. This way, you are denied any chance of getting your hands on a merchant processing account. 70 70. Soar Payments: Best for. S. If chargeback rates are low, it is a good thing,. ePay Global need the following documents for nutraceuticals payment gateway with an application which will help the application to be processed quickly: Recent processing statements from current acquirer; Breakdown of any membership periods; Incorporation documentsInternational Payment Processing (4) Lenders Merchant Account (2) Moto Merchant Account (1) Nutraceutical Merchant Account (1) Payday Lenders Payment Processing (1) Payday Loan Processing (3) Recurring Billing (13) Recurring Payment (12) SaaS (1) same day ach (2) Secure Payment Processing (14) travel merchant account (1)AMSLV is the go-to place for speedy merchant account approvals for your nutraceutical business. Get Started Today. Once a high-risk nutra merchant account is approved, payment processors set monthly processing limits. The nutraceuticals industry is booming in the United States, but how is it fairing around the world? In India the nutraceutical market is growing at a rate faster than in the U. 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. Online Credit Card Processing. com. The bank assigns this number when a business applies for a merchant account with the processing service. Minimum processing: $5,000 minimum for national. Apply for a nutraceutical merchant account. Distribute processing among accounts. Despite the money-making potential for nutraceutical businesses, companies are. Quick Client Access. ACH Payment Processing can help your small business with quick and secure electronic payment processing. One of the best solutions is a collection agency merchant. Applying online is so easy, an online or retail business can begin the process to obtain a nutraceutical company merchant account today. 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. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. net offers credit card payment services for more than 430,000 merchants, including merchants that could be categorized as high-risk. This labeling has made applying for and approving a merchant account difficult.