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. They additionally battle to secure the. We provide weight loss businesses with high risk credit card processing services that are cost-effective, reliable, and secure. Minimum processing: $5,000 minimum for national. Merchant processing would include credit cards, debit cards, gift cards, stored value cards, and high risk ach processing. Our dedicated team will guide you through the account setup process, ensuring a seamless onboarding experience. Merchants with businesses that require high risk credit card. Merchants operating these businesses commonly struggle. Durango Merchant Services: Best for highest-risk businesses. The global outlook for nootropics is also impressive, with a 17. There are several point-of-sale (POS) systems that developers claim to be quite suited for nutraceutical stores. 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. They are the equivalent of direct deposit and direct debit in your bank account. O. What if there was a single change you could make to improve your. The chargeback protection that comes with these. High risk nutraceutical merchant accounts are in high demand for payment processing. Nutraceutical Merchant Account. Business dealing in such products is categorized as high-risk business and most conventional banks and merchant processors will not provide services to companies like this. Nutraceutical merchant accounts are a great way for nutraceutical firms to seamlessly accept payments. Application for an offshore merchant account is always free, with no obligation. Digitally sign and submit your application. This goes in your credit history, and makes it harder for you to open a new merchant account with a new payment processor. Although the nutraceuticals industry has hit the ground running, a few things are holding the industry back. Benefits of a Kava Merchant Account Services. A merchant account is a specific type of bank account that allows merchants to accept payments. It will process credit cards and deposit that money in your bank. To get a merchant account, one must submit an application with a merchant account provider. EN; SV; RU; Call: 800-616-8415. While products change, one thing that stays the same is the hassle of locating a nutraceutical merchant account provider. TranZlytics also offers advanced real-time reporting for faster and better use of CRM data. Payment processors use this information to assess your eligibility for a high risk merchant account within the nutraceutical industry, taking into account various risk and market factors. You’ll guide merchants through the initial application process, handle objections and quickly get the supporting documents needed for a complete application. Contact us online through our web page or call us toll-free at 1-888-548-5649 today to learn more about our special brand of telemarketing merchant account services and payment gateways. International merchant accounts, on the other hand, take 7-14 days to be processed for approval. Then there’s the real-time transaction reporting of our online merchant portal and Fraudcast. Providing credit repair merchant accounts to. Step #5: Get Help From the High-Risk Merchant Services Experts. Our CBD merchant services cover Cannabidiol, Hemp & CBD Oil considered high-risk merchants. This is well over what Visa considers an excessive level of chargebacks. High-risk merchant accounts sometimes come with challenges, including: Higher merchant fees. Nutraceutical merchants require high volume processing capacity to accommodate growth. First Name. Even more so, there seems to. When you use our services, you don’t need to worry about the risks of accepting credit cards for what will be considered high-risk payments. The flawless solution for High-Risk BusinessesMerchant Services. All Services;. However, without the right merchant processing solution, your customers can become frustrated, and you can lose money through lost businesses. In fact, many banks have. Yet the reality of the situation is such that these natural and synthetic supplements and drugs, used primarily. However, your business can be at high risk or those who have acquired a bad credit from the bank. As a result, it may make banks hesitant to approve merchant. 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. A bad credit merchant account is a specialized payment processing solution designed specifically for businesses with poor. Fine jewelry merchant accounts Five Important Tips for Retailers Switching to EMV Credit Card Processing Fraud. 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. Nutraceuticals Nutraceuticals With health and beauty dominating our youth-oriented culture, opportunities abound for companies that offer subscription nutraceuticals, vitamins and free trial/continuity memberships. Contact us by phone or live chat for faster service. First MCS Merchant Services Menu Toggle. 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. The nutraceutical industry is risky for most banks. After a merchant loses a merchant account, it is very difficult time for processors to approve another. As a merchant, your best chance of opening a Nutra merchant account is dealing with a high-risk payment processing provider for your payment processing services. This means that this hold back percentage is taken out of each credit card sale until your allowed monthly volume is met. True PIN Debit (NOT Cashless ATM) and eCheck services that are 100% compliant and transparent. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. Plus, we offer a wide range of automated billing and. Membership & Recurring Billing. Nutraceutical Merchant Accounts. We provide natural supplement merchant accounts for the following: Startups and existing businesses – we help all types of businesses. Some financial institutions may confirm the legitimacy of the bank account and routing number but might not be willing to verify the check funds, especially over the phone. ) Still, the stakes are high for CBD businesses. In order to properly set up, a nutra business online, merchants make sure to go through a few important steps (we can help). And wait. See Full List of Supported High Risk Industries. G. Minimum processing: $5,000 minimum for national. 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. Contact us today! Tags: Credit card processing for nutraceutical business. Do Stripe or Square Provide Nutra Merchant Accounts? eCommerce Nutraceutical Merchant Account Providers Does Stripe do Nutra? One may think that this payment… | 116 comments on LinkedInThe MasterCard SecureCode is a 3D Secure program adopted by MasterCard for the security of its customers. Nutraceutical products merchant accounts are available for almost all product offerings including Anti-aging, blood sugar balancing, colon cleansers, dietary / hormonal supplements, immune system boosters, metabolic & musculoskeletal health products, nutritional beverages, skin care, sexual performance enhancers, stress management,. High Risk Pay is a comprehensive solution perfect for nutraceutical merchants. Redefining Nutraceutical Business with Credit Card and Crypto Merchant Accounts I. Currently the. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. The recurring payment processing model is a common billing method businesses use by merchants in various industries. Because of this, we can increase your chance of merchant account approval and promise reliability over the long term. We help business owners like you keep their focus on making money. For credit card processors, the nutraceuticals industry presents both unique opportunities and challenges. Many herbal payment processors might offer kratom credit card processing services however, kratom is a prohibited product by the card networks. Nutraceutical companies rely on eCommerce and Mail Order/Telephone Order (MOTO) sales to scale their businesses. With access to scores of US and international banks, all payments are covered. Nutra has nothing to do with pharmaceuticals. Fees also vary by card type. We offer our vast array of skills and knowledge to help ensure that nutraceutical merchants and their. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. You may also be able to add additional services depending on your needs. The accounts enable acceptance of payments from customers in the US and overseas. To get a merchant account, one must submit an application with a merchant account provider. Nutra merchant accounts are in high demand and finding the right high-risk eCommerce merchant account nutraceutical provider is of utmost importance. These transactions are ideal because the customer is present at the time of sale. High risk nutraceutical merchant accounts are in high demand for payment processing. Adding secure bank transfers as a payment method on your checkout page boosts profits with no risk of chargebacks. 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. US/Offshore chargeback solutions for nutraceutical and other high risk credit card processing businesses. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers;. These specialized accounts can. Free Merchant Terminal can help! However, with high potential comes high risk. Merchant accounts provide entrepreneurs and individuals alike the ability to generate revenue using their own website or preferred eCommerce solution. High-Risk Merchant Accounts are not allocated based on ATV or expected volume. One gateway, One Application, One Point of Contact – multiple merchant accounts. 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. Likewise, the sexual enhancement supplements market is expected to reach 324 million USD by 2025. Many herbal products are also referred to as nutraceuticals. An online or retail business can get started with a. The list includes. Mobile Card Reader. A credit card data capture, simply known as capture, is a legal step that happens during card payment processing. For credit card processors, the nutraceuticals industry presents both unique opportunities and challenges. These transactions include telephone orders (MOTO) and online. This is because nutraceuticals and supplements are more prone to chargebacks than other products, especially when they are sold over the internet. At IPP, we provide Nutra merchants with the best premium high-risk nutraceutical merchant services, credit card processing, and merchant approval. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Let your experts show you how to obatin a high risk Nutraceutical merchant acount, lower the number of possible chargebacks you will incur, and also prevent unnecessary fraud. Minimum monthly processing to qualify for an account is $50K. Reserves can be held for 180 days after account closure before they are released. A nutraceutical merchant account is necessary for any business that wants to be able to receive money from customers remotely, over the phone, or on the… Shark Processing on LinkedIn: #. Telemarketing merchant accounts provide the company the ability to process payments for goods and services sold. A merchant account is a specific type of bank account that allows merchants to accept payments. Easy Pay Direct. Include your business email, contact numbers, and physical address if applicable. A high risk merchant account can provide you with the capability to create revenue utilizing your website or preferred eCommerce option. . While traditional banks view companies in this sector as high risk, with a nutraceutical. 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. However, these providers do not. We current service and support over 250,000 merchants and 3,500 Banks and Credit Unions since 1960: - Credit/Debit Card Payment Processing & POS Equipment - Electronic Check and ACH Payment. Our New Client Specialists provide initial onboarding for merchants once they’ve been qualified by our Sales Development reps OR generated online. Six steps one should make to open a nutraceutical merchant account: 1. The list includes solutions and best practices on how to get accepted for a merchant account. Or Call: 800-993-6300. Letter from bank. 15% with an added $. We utilize a variety of processing techniques to ensure that payment processing, fraud prevention and chargeback disputes are all easy processes for our high-risk accounts. This will ultimately make it harder for a merchant to apply for a high risk merchant account, given their negative credit history. You simply provide an application along with supporting documentation about your company. Process Payments with a High-Quality Merchant Service Provider Since 2001, Instabill has been providing high-quality merchant services. Unfortunately, many credit card processors would lean toward not to work with nutraceuticals associations. Nutraceutical merchant accounts from High Risk Credit Card Processing Accounts. 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. Easy Pay Direct offers top tier merchant account services with outstanding customer support. Accept credit card payments and monitor your processing with your nutraceutical merchant account. Setting up a merchant account is simple. APPLY NOW 866. The United States has the largest number of nutraceutical. Retail Payments. You can submit at least the last three months of your credit card processing bills. In fact, our low rate guarantee ensures you’re getting the. 9% CAGR and an estimated $5 billion USD growth between 2016 and 2024 (up to $6. In thisUSABancard is leading the industry for payments companies who are considered to be a high risk nutraceutical merchant account provider. The Many Business Types in the Nutraceutical IndustryMerchant Accounts; Payment Gateways; Working Capital; Chargeback Protection; Check Processing; POS Systems; High Risk Industries; Ecig Merchant Accounts; P. At Fibonatix, we offer comprehensive nutraceutical merchant services that prioritize both the security of transactions and the convenience of your customers. A credit repair agent should consider getting a high risk merchant account for the following reasons: Industry Classification: The credit repair industry is often classified as high risk by banks and payment processors due to its higher chargeback rates and potential for fraud. You should expect to pay a monthly fee in addition to a transaction fee, like how a traditional credit and debit card merchant account would work. Cheapest Rates Merchant Account Services for Your Company Herbal Supplements and Nutraceuticals . One unique feature of eMerchantBroker is. Get the. Our payment solutions are designed to seamlessly integrate with your business model, whether you operate an e-commerce platform, health supplement store, or other related businesses. Offshore or international merchant accounts allow you to accept various payment types. With these requirements in mind, businesses can qualify for a nutraceutical merchant account more quickly by working closely with their payment processor. We offer a fee structure that is 25% less than the competition and we get those fee reductions for most of our high-risk nutraceutical merchant accounts. We have created and API that will allow you to be completely flexible in your approach to running transactions. What Is A High Volume Merchant Account: High volume merchant accounts provide businesses the credit card processing caps and limitations that are fishable to their revenue and product pricing. No Comments. 6 billion by 2017. We can provide your business the ability to accept credit cards with one of our merchant account providers. All Nutraceutical Merchants welcome. You’ll have to provide extensive information, including credit history, credit score, personal financial statements, bank statements, and much more. Call us Toll Free (866) 509-7199. 3%. Do Stripe or Square Provide Nutra Merchant Accounts? eCommerce Nutraceutical Merchant Account Providers Does Stripe do Nutra? One may think that this payment… | 116 comments on LinkedInA merchant A business that accepts credit cards for goods or services. With an offshore merchant account, it’s easier to process credit card payments under major companies like Mastercard and Visa. Fortunately, TailoredPay can help businesses in the nutraceutical industry find the right high-risk merchant account for their needs. The nutraceutical industry (“Nutra”) is no laughing matter. These businesses need a trusted company like PayKings to provide them with high risk credit card processing. Our application process is super simple and because we specialize in high risk business , our. 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. Typically, a merchant account for credit repair is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Professional Service. They also struggle to secure the financing they need to grow their business and cover costs. . The Advantages of a High Risk Merchant Account for Nutraceutic. Despite the money-making potential for nutraceutical businesses, companies are. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Because nutraceutical vendors are considered high risk merchants, accepting card payments can be a challenge; but not being able to accept these payment methods will almost certainly stifle the growth potential of the business and. Here’s how our reliable and specialized payment processing solutions can give your business the confidence to scale. government regulates nutraceutical businesses, which means these. Credit Score: If you are applying for a high risk merchant account for the first time, you might be asked to disclose your credit score and credit history. Our TMF or MATCH list merchant accounts allow you to get back to receiving credit card and eCheck payments - without exorbitant fees or excessive scrutiny. We have experts and technology to ensure that payment processing, customer service, fraud prevention, and chargeback disputes are easy to handle for our high-risk accounts. PayDiverse offers CBD payment processing at the lowest industry rates & has multiple banks that accept CBD merchant accounts. Most banks in the world dread dealing with nutraceutical industry. High Risk Credit Card Processing. Bad Credit; Credit Repair; Debt Consolidation; Adult Merchant Accounts; Tech Support; Close. We offer the industry's first transparent and compliant cannabis payment processing merchant account. Health experts attribute the nutraceutical boom to a rising health and fitness awareness in the region. This percentage has grown in recent years and companies selling supplements have increased as well. This type of credit card processing for nonprofits generally carries a transaction fee amounting to 2. A merchant account is necessary for these types of methods. This is a company that will provide you with the ability to accept credit card payments. Diversify your nutraceutical merchant accounts to mitigate risk. Nutraceutical Merchant Account. The list includes solutions and best practices on how to get accepted for a 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. High volume offshore merchants accounts are preferred by most international acquiring banks. Once the application is completed, the merchant will be required to have the following items: Completed website. In addition, we can set up alternative payment methods such as ACH payments and E-checks. 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. Once you get setup with the Vector Payments provided merchant account provider, you will need to set up a payment gateway, a type of software that allows you to process credit card payments. These supplements have experienced problems due to their use as a muscle-building steroids. The experts at First Card Payments offer chargeback prevention and high-risk credit card processing tips to give your business the best shot at success. Get approved for your nutraceutical merchant accounts! Learn MoreThis is particularly true for nutraceutical companies that need to harmonize customer needs while operating in full compliance with industry laws and regulations. Skip to content BestPaymentProviders. Online Credit Card Processing. Nutraceutical Credit Card Processing 2021-12-30T03:22:24-06:00. Merchant Stronghold specializes in high risk and offshore merchant accounts. According to statistics from the National Institutes of Health (NIH), 23 percent of men use male enhancement supplements. Our goal is to provide transparent pricing, ensuring that you receive excellent value for your payment processing needs. 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. Free setup and zero upfront fees. This will ultimately make it harder for a merchant to apply for a high risk merchant account, given their negative credit history. 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. 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. At IPP, we provide Nutra merchants with the best premium high-risk nutraceutical merchant services, credit card processing, and merchant approval. With online businesses, this convention is the norm. 98% approval rates for high risk credit card processing. Acquiring and maintaining a reliable merchant account is a significant challenge for nutraceutical businesses. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy, seamless. The Main Benefits to the API: Supports all types of transactions from sales to credit and voids. We at EMB, or eMerchantBroker. Moving Broker Merchant Accounts; MOTO; Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! A nutraceutical merchant account is a specialized payment processing solution designed specifically for businesses operating within the nutraceutical industry. You're in control. High-risk merchant accounts provide several tools and features to help nutraceutical merchants mitigate risk effectively. Due to larger numbers of chargebacks, increased fraud allegations by customers (legitimate or not) and the lack of a regulatory system in place in the nutraceutical field, banks and credit card processors consider the nutraceutical industry to be very high-risk and are often unwilling to provide business owners with their much-needed merchant. For an instant quote on an Instabill nutraceutical merchant account, call us directly at 1-800-318-2713 or simply click the button to get started. ePay Global is a trusted name in the market for providing a high-risk payment gateway for the all types of business, with specialization in Nutraceutical Merchant Account. Tech Support Merchant Accounts. Nutraceutical businesses come under the category of high risk. eChecks. Two of the most common supplements today with difficulty in securing supplement merchant accounts have been SARMs and Peptides. 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. If you're looking for payment solutions that will positively impact your business, Zen Payments is ready to help. Even if those products contain terpenes that are derived from cannabis, we can still provide payment processing. Payment Processing Barrier to Growth for Nutra Merchants. A high risk merchant account can provide processing for companies with a slightly high tolerance for these types of issues. Travel Merchant Account. Merchant Login. Get Your E-commerce Merchant Account. As compared to credit card and debit card processing, ACH processing has a lower cost. To increase your chances of approval, ensure the following documents are in order before filling out an application and submitting it to underwriting. 7650 South McClintock Dr #103-437 Tempe, AZ 85284 1-888-405. These limits are typically between $25,000 and $100,000 per month. 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. Your information will be kept completely confidential. 1. Figures are projected to reach $358. Having access to a global market is something high risk merchant processors can provide to business owners, new or established. Large Average Ticket Size. In a certain way a tech support merchant account is credit that your processor makes available to your company. SMB Global: Best for international merchants. Most businesses have issues taking off, but when that business is labeled as “high risk”, the problems mount even higher. Accept Payments Today. For the last few years, Nootropics, sometimes referred to as “smart drugs,” have been adding to the profits of the nutraceutical merchant account industry in ways that, up until now, could only be imagined. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. Nutra products range from oral supplements to teas, tinctures and salves. No matter what type of business you operate under the high-risk category, always opt for a credit card merchant processing account that will help your business grow. The business requires a safe merchant account solution but many of the banks do not prefer to provide them the account. Power Your Business With Nutraceutical Merchant Accounts and Payments From MID Kingz Solutions — Easy, Reliable, and Secure. Create a proper label of contents. The market for nutraceuticals, sometimes known as “nutra,” is expanding both domestically and internationally. Make sure your new MSP offers a dedicated merchant account and can meet all of your needs for processing payments in. The Best Merchant Account for Nutraceutical Businesses . First, you need to find a merchant account provider. Requirements for Online Liquor Credit Card Processing. At DirectPayNet, we. We know you’ve probably thought that, though, which is why you should switch to a high-risk nutraceutical merchant account, but more on that later. You'll need to provide a wide range of documentation pertinent to your opening an account. It enables nutraceutical merchants to securely process payments for a wide range of dietary supplements, vitamins, herbal products, and other nutraceuticals. A government-issued ID like a state-issued driver’s license. The 15% of American adults who have used weight loss supplements spend $2 billion per year on Diet Programs and Weight Loss Supplements. When you add secure online payments with bank transfers to your checkout page, you expand your sales, protect your customers, and increase your profits. Why You Need Nutraceutical Credit Card Processing. What You'll Need to Secure a Nutraceutical Merchant Account. Mobile: A mobile merchant account is more portable and allows your company to accept nutraceutical payment through credit card face to face by attaching the swiping machine to your mobile or iPad. Now customers can set up recurring/subscription billing where they automatically pay at a specific time (usually on a monthly basis) through the use of credit cards, electronic checks, debit cards, ACH and direct deposits. Merchant A business that accepts credit cards for goods or services. B. More importantly, Easy Pay Direct would love to play it’s part in helping you achieve your goals and service your consumers smoothly. Nutra merchant accounts are in high demand and finding the right high-risk eCommerce merchant account nutraceutical provider is of utmost importance. I have the ability to provide your business with value by offering a sustainable business model with our extensive network of partners, processors and financial institutions. Many retail and online merchants use a gateway and its integrated virtual terminal. Accept Payments Today. Username: Password: Login. Mitigating Risk with High-Risk Merchant Accounts. Get Payment specializes in offering high risk nutraceutical merchant accounts, tailored to meet the unique needs of businesses in this industry. Instead of worrying about your merchant account being locked or lost, focus on gaining new clients, stocking new items, and growing your business with a high risk supplements merchant account. The accounts enable acceptance of payments from customers in the US and internationally. The diet and weight loss. The solution includes transaction analytics and fraud prevention and built-in advanced chargeback management. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. So what’s the issue? Like many other nutraceutical sub-categories, nootropics are considered a high-risk according to card issuers such as Visa. Stay processing and keep track of your transactions with your nutraceutical merchant account. EN. So, merchants in this industry need to find a way to obtain one. Nutraceutical Credit Card Processing. High Risk Merchant Accounts: Many businesses selling products or services need to be able to accept payments from customers through non-cash methods such as credit cards, ACH, and eCheck. Business dealing in such products is categorized as high-risk business and most conventional. High Risk Credit Card Processing. Figures are projected to reach $358. As a rule, nutraceuticals use the following NAICS code:. It’s really a relatively simple process; first off, choose a merchant account payment processor. This post will provide an in-depth review of why the nutraceutical industry is considered high-risk and a list of the best high-risk credit card. The final step in your custom nutraceutical supplement business is to begin processing payments on your site. How do I find the best nutraceutical merchant account providers? Start by researching providers online, looking at reviews, and comparing features. By Tony Ward April 27, 2021 2:27 amA merchant account is a specific type of bank account that allows merchants to accept payments. This becomes a hurdle to many high volume risk. com (EMB). This is the perfect solution for a pop-up shop, trade show, or any. 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. Copy of the fulfillment agreement. According to a recent report, the Global Nutraceutical Market was valued at $382. All of this helps further the idea that your high-risk business needs a payment processor who understands high-risk businesses and has the experience to help them set up accounts that work for. Apply for a Nutraceutical Merchant Account to Accept Credit Cards. TailoredPay also works with both small and large businesses across multiple industries and sectors. Without a mer. The most common merchant services companies are Square, Stripe, and Braintree. Nutraceutical Merchant Accounts. Industries | Nutraceuticals. We provide the best solutions for credit card processing for nutraceutical products. Protect your nutraceutical business from exorbitant bank holds and reserves. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. . See moreApply for a Nutraceutical Merchant Account to Accept Credit Cards. It is difficult to get a merchant account or payment solution for Nutraceutical businesses simply because of their high-risk nature. Banks and credit unions may provide check verification services, but keep in mind that their policies vary. Traditional banks are not going to make it easy to open and maintain a merchant account for a nutraceutical business. 02 billion (2023). Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. The American Clearing House (ACH) offers a type of payment that is 100% electronic but does not involve a credit or debit card. May 26, 2023. SecureGlobalPay can assist with High-Risk Merchant Accounts for Nutra, Diet Programs, Weight Loss Supplements, and all Nutraceutical Related Businesses. First, you need to find a merchant account provider. 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. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;.