Integration Help. Overcome the toughest of merchant challenges &. You Need to Open a Business Bank Account and a Separate Merchant Account. Without a mer. That leaves your business without a way to take credit card payments, which usually means that your revenue stops. There are still many good options for nutraceutical credit card processing accounts. Nutraceutical businesses is a business that falls into the “high risk” category as assessed by processing banks. Our merchant account managers offer expert advice and guidance throughout the relationship of your account and will help you prevent fraud, reduce chargebacks and increase profits. It is crucial for a nutra business in the virtual marketing space to have a seamless way of accepting and processing card payments. 5. Below are some excerpts from our blog. A merchant account is a bank account into which a merchant's payment processor. International nutra. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online. . Prior financials is also a very important part of the underwriting process for acquiring banks. 9% + 30¢ online. To meet the requirements of EBT acceptance, your store must stock—and sell—a variety of the above foods. Create a proper label of contents. Processing of all major credit card. Industries. PSPs let you accept a wide range of payment. Call us Toll Free (866) 509-7199. Retail Payments. Fraud Prevention Services. A merchant account is a type of business bank account that allows businesses to process electronic payments such as debit and credit cards. 81% for a credit card and 0. We see cannabinoids and hemp products all over the internet. A competitive payment processing fee for a standard retail small-business account might be 2. Taking part in the growth of Internet sales of vitamins and supplements One portion of the U. To accept credit and debit cards for your business, you need a merchant account to properly manage the money transfer from. Merchants can begin processing in less than 1. WorldMerchant’s experts deal only with offshore merchant accounts, day in day out. If you are finally looking forward to spreading your business worldwide, it is important to… Electronic payment processing refers to a system of accepting and processing payments digitally. At Scalesafe, we specialize in securing merchant accounts for businesses of all sizes. Nutraceutical Merchant accounts permit you to acknowledge diverse payment alternatives guaranteeing that your organization gets more deals. It can be hard to acquire merchant services for nutra product sales. Getting a Merchant Account Closed / Application Rejected. Membership & Recurring Billing. The merchant account is a type of bank account allowing businesses to accept payments. 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. 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. Apply for a Nutraceutical Merchant Account to Accept Credit Cards. Straightforward, simple set-up. This has left numerous organizer or. Offset the cost of credit card processing fees by encouraging customers to pay in cash. PSPs let you accept a wide range of payment. Multi-currency settlement. In The MediaHigh-risk Merchant Account Services. SeamlessChex can set your business up with a nutraceutical merchant account you can trust. Echeck Debt Consolidation Merchant Accounts. Nutraceutical companies can often find it difficult to accept credit card payments due to the risk involved with their products. Bank Accounts. This system. The specific features you need from a gun-friendly payment processor depending on where you sell firearms. High Risk Nutraceutical Integrations. This is well over what Visa considers an excessive level of chargebacks. High-risk payment processing, also known as high-risk merchant processing, is a specialized service designed to cater to businesses that operate in industries with elevated risks. ACH transfer. It’s simply how they moderate risk. 3% cash back on the category of your choice (from available list) 2% cash back on. The credit card issuer will release the funds to the merchant acquiring bank, which will settle the funds to the merchant’s bank account. Square Merchant Services: Best for Startups. Once a card transaction is complete, the funds go to a merchant account. If you are finally looking forward to spreading your business worldwide, it is important to…Visa has recently announced two important changes to the credit card surcharge rules which will take effect on April 15, 2023. com TouchSuite ®. Without a merchant account, you will not be able to accept payment via credit card or debit card. services. The most common merchant services companies are Square, Stripe, and Braintree. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. Instead, Stripe charges per transaction, with a higher online transaction fee than other. In a normal merchant account, funds will be sent to the merchant’s bank account in 24-48 hours, eliminating many of the holdbacks that happen so many times with PayPal. A merchant account is a specific type of bank account that allows merchants to accept payments. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Here are the 4 best ways for your business to accept credit card payments in the modern world. We keep your money safe, so you can keep doing what you love. Making it easier for customers to call you than contact their credit card company will help you lower your chargeback ratio. services that are. Built-in virtual terminal. Merchants are expected to submit the following documents to kick-start their underwriting process: Valid government issued identity card. Like many other companies that are classified as “high risk” by lenders, nutraceutical companies have uphill battles when they seek nutraceutical company merchant accounts. However, you may visit "Cookie. Add echecks for more sales from US travelers. This is why, although nutraceuticals and dietary supplements have become a hot industry, they are a closely watched one. If you use a nutraceutical merchant account, you can sell supplements, vitamins, and herbal products without the fear of. A nutraceutical merchant account is a specialized payment processing solution designed specifically for businesses operating within the nutraceutical industry. The Comprehensive Guide to Healthcare Credit Card Processing. They also struggle to secure the financing they need to grow their business and cover costs. Comprehensive Merchant Account Solutions for Nutraceutical Businesses. Power Your Business With Nutraceutical Merchant Accounts and Payments From Scalesafe Payments — Easy, Reliable, and Secure 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 ability to accept credit cards for e-commerce is a crucial factor in the success of nutraceutical businesses operating in the online space. In the past, a business owner who wanted to accept credit cards had to open a merchant account with a bank, which can be costly and time-consuming. No Comments. Allow 3-5 business days for approval of US nutraceutical credit card processing accounts. One of them is that e-commerce sites that offer nutraceuticals generally get a higher number of chargebacks than different organizations. Today, most merchants with CBD stores can use their credit card machines for various transactions, including card-not-present. Credit Card Processing for Nutraceuticals and Herbal Companies. 5 billion by 2027. Nutraceutical Merchant Account. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. This is the perfect solution for a pop-up shop, trade show, or any. Merchant accounts in general are different as compared to traditional business bank accounts. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801. However, there are various high-risk merchant. e. 750-850 Excellent. Nutraceutical Merchant Accounts; Online Gaming Merchant Accounts;. Get approved for a nootropic, supplement and nutraceutical merchant account. Therefore, a high risk merchant account is required for these retailers to accept credit & debit cards. This type of business is generally classified as high risk, making finding a reliable payment processor difficult. Nutraceuticals are defined as food products or dietary supplements that provide additional health benefits beyond those that would be obtained from a normal diet. Due to frequent comparisons to nutraceutical companies, owners of cosmeceutical businesses need to be vigilant. Accept Credit Cards for Your Nutraceutical Business Increase Revenue Easy to Implement Call us today: (866) 353-2239 Email us: sales@touchsuite. Credit card companies charge payment processing fees for each ecommerce transaction. Our MOTO merchant account allows users who operate call centers to create multiple virtual terminal users with payment gateway access. This is true whether you sell digital goods online or physical items in-store. Starts at $0/month for unlimited devices and locations. Unfortunately, these types of situations have a spill-over effect on the industry as a whole. Suppose you’re considering a new. #1 eMerchantBroker Top Pick for Kratom Credit Card Processing. This is the place the Nutra merchant. The company’s products include ACH processing, an online payment gateway, merchant cash advance,. Fraud Prevention Services. Your merchant account application will factor in your business credit score, and not your personal credit score. Figures are projected to reach $358. This is true whether you sell digital goods online or physical. They also struggle to secure the financing they need to grow their business and cover costs. We at SeamlessChex understand the challenges faced by online supplement businesses, for we excel in managing fraudulent charges and high chargeback rates. Today, you have more options than just merchant accounts. Unfortunately, it doesn’t always yield the best rates. Banking-level security. QuadraPay And Nutraceutical Credit Card Processing Operating a business in the nutraceutical industry comes with unique. Nutraceutical Merchant Account from EMB September 9, 2014 October 29, 2018 The nutraceutical business is booming, with new products being introduced every week, and TV doctors praising their benefits. A merchant account is a specific type of bank account that allows merchants to accept payments. Many payment processors allow you to set up a dedicated merchant account, meaning the account is specifically. Phillip has researched and reviewed over 1,000 merchant services providers over the last 15 years. Understanding this designation is the first step in navigating credit card processing in the nutraceuticals sector. More. Nutra merchant account enables one to accept different payment options. This allows the acquirer to offer payment services to their clients. Other fees can significantly affect the total costs of the merchant account. Mortgages. The Best Merchant Account Services. According to reports, the global nutraceutical market is worth $233. May 26, 2023. Merchants that are operating high-risk businesses online will also need to use the services of a payment gateway to accept bank card information from customers. Nutraceutical merchants often have trouble finding online credit card processing and a reliable nutraceutical merchant account, which seems ludicrous considering that nutraceutical industry, or “nutra” industry as a whole brings in a yearly revenue totaling $181. Without a merchant account, you will not be able to accept payment via credit card or debit card. He also owns multiple businesses that accept credit card payments. Merchants can accept several payments, from bank cards to cryptocurrency, with a reliable ecommerce. The company is best known for providing affordable credit card processing services to various high-risk industries. Payment cards, including credit and debit cards, have grown with the dominance of the online ecommerce industry. eastern time. By taking these steps, you can find the best nutraceutical merchant account providers that best suit your business's needs and helps you navigate the complex regulatory landscape. Stripe is used by more than 200,000 businesses around the world to accept payments on the web and mobile. 15% with an added $. TailoredPay also works with both small and large businesses across multiple industries and sectors. Your customers will likely appreciate being able to use their credit cards especially for online payments. According to Euromonitor International, a global market intelligence publisher that provides market research reports, statistics and online information systems on industries, countries, and consumers, the US vitamin and dietary supplement market is. This labeling has made applying for and approving a merchant account difficult. our expert team at First Card Payments will teach you how to accept credit card payments online as well as how to set up instant money transfers. We can provide your business the ability to accept credit cards with one of our merchant account providers. Instant Approval Merchant Account In Easy Steps For Nutraceutical Products. Allied Payments works with various high-risk friendly banks and specialized payment processors. Unfortunately, this means that online supplement businesses cannot obtain accounts on these platforms to accept credit cards. To get a merchant account, one must submit an application with a merchant account provider. The nutraceuticals industry continues to grow and is expected to have a bright future. If you are looking forward to spreading your business worldwide, it is important to have the capacity to process such payments. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. CyoGate does offer credit card processing solutions specifically for merchants in the online and mail order nutraceutical industry and we do have both domestic US and international solutions available. 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. Companies that offer pharmaceutical alternatives struggle to obtain nutraceutical merchant accounts because the industry still struggles to find. This will allow your customers to enter their payment information and complete the card transaction. the pandemic made it clear how businesses can adapt to a digital platform to continue operations and accept credit card payments online as both younger and older. Host Merchant Services: Best for large high-risk businesses. A high risk merchant account can provide you with the capability to create revenue utilizing your website or preferred eCommerce option. Get Payment specializes in offering high risk nutraceutical merchant accounts, tailored to meet the unique needs of businesses in this industry. We will also give you a few tips on how to choose. This type of credit card processing for nonprofits generally carries a transaction fee amounting to 2. If you're looking for payment solutions that will positively impact your business, Zen Payments is ready to help. 2. About Us; Services. Contact us today at 1-877-296-3690 to. View accounts individually or on a global basis. But then, without a merchant account, you will not be able to Accept Credit Card and debit card payments. Create Multiple Virtual Terminal Users. In a time when more consumers are using credit cards instead of cash, your business can benefit from accepting credit card payments over the phone, online, and, of course, in person. Are you struggling to secure the payment processing solutions your nutraceutical business needs? Unfortunately, there are many industries whose merchants struggle to secure merchant accounts for their businesses – the nutraceutical industry is definitely among them. You won’t have to worry about handling cash or trying to deposit it into your business bank account. He also owns multiple businesses that accept credit card payments. Unlike PayPal or Stripe – We underwrite merchant accounts. Get Your E-commerce Merchant Account. TouchSuite®’s high-risk payment programs make the process of accepting credit card payments simple. A merchant account is a specific type of bank account that allows merchants to accept payments. Many traditional banks and payment processors may hesitate to serve high-risk businesses due to the perceived financial uncertainty. Even if you have been previously rejected by other credit card processors or have a bad credit score and. 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. The process of obtaining a merchant account can be time-consuming and complex, especially for businesses in the nutraceutical and sports nutrition space. audience that continues to be extremely health conscious is the baby boomers. When seeking an ideal solution for adult merchant processing, that includes online dating, strip clubs, adult book stores, novelties, toys, and websites that require memberships for pornography, it can be a tedious process to successfully accept debit and credit cards. 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. Resources; Have any Questions? Call us at (800) 621 - 4893; Are you an Agent? Get Started;. in-person; 2. An adult merchant account works like a bank account for you online store. The merchant account acts as the middleman between the. Paying a slightly higher rate to accept credit cards will bring in more money than being a cash-only business. +208-806-2953. With a supplement and nutraceutical merchant account, accept credit cards online, in store or over the phone with next day funding. International merchant support. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. MO/TO merchants face this challenge due to the high chargebacks incurred, card not present (CNP) method of acceptance, and high volume of processing on a. For high-risk merchants, credit card processing online can be a challenge because of their corporate location or the industry they are involved in. Accepting Credit Cards for Nutraceutical E-Commerce. Higher payment processing fees. Membership & Recurring Billing. all the signers to the account. Get Started Today. Dedicated to negotiating the best terms for your supplement & nutraceutical business. REVIEWS; CREDIT CARD PROCESSING. There are two main reasons for this. But then, without a merchant account, you will not be able to Accept Credit Card and debit card payments. Canadian Merchant Account; Card Scheme; Cashless ATM Program; CBD; Chargeback Shield. 6 billion by 2017. Adult industry merchant accounts help businesses to accept credit card or check payments online or in person. Credit card processing for the nutraceutical industry. Compatibility with the leading credit card providers. 250-721-6174. During the application process, you’ll provide business details and financial. 1. To get a merchant account, one must submit an application with a merchant account provider. A merchant account is what allows your business to process payments made by credit, debit, gift or rewards cards. High Risk Payment Gateway. Collection Agencies. Our processing techniques and account features exist to ensure that merchants selling delta-8 THC and other cannabis products face minimal risks when it comes to processing credit or debit card payments. Nutra Payments Offers Retail & High Risk Nutraceutical Merchant Accounts. The accounts enable acceptance of payments from customers in the US and overseas. Get started right now by contacting us online or giving our merchant services specialists a call at 844-661-0725. [3] Key In Information On Mobile Credit Card Processing App . Chargeback Mitigation. 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 access to hundreds of US and international banks, all payments are covered. To establish credit, a completed credit application is required. Or call 888-5-PAYNET. The whole process can be completed in as little as 48 hours between application to processing payments. We’ve put together a series of automated underwriting checks that will approve certain industry types in real time. A high risk merchant account is a specialized payment processing account designed for businesses that operate in industries with a higher risk of chargebacks or fraud than traditional businesses. Square: Best overall. We find the best payment processing solutions for your company! Learn more. Its monthly fee is $0, and it stays that way with no hidden costs or fees. The vaping industry has been propelled into a billion-dollar industry because of demand. Contact a provider to get started directly or give us a call at 1-833-213-0511 to learn more. Nutra has nothing to do with pharmaceuticals. Businesses that have a more than 3% chargeback ratio can have their merchant accounts terminated by credit card processors. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. Operating identically as other types of payment processing, these accounts are underwritten with the knowledge that the businesses using them will not be traditionally what banks see. Any high-risk merchant that chooses a traditional payment processor is bound to hit a snag at some point. A merchant account is a specific type of bank account that allows merchants to accept payments. How to accept credit card payments without a merchant account. If you are looking forward to spreading your business worldwide, it is important to have…MERCHANT ACCOUNT AGGREGATORS (like PayPal and Stripe) allow you to accept credit cards in near real time – which is great… until they hold your funds or close your account (for whatever reason). Luckily, it is possible to do without worries and hassle. Our high risk payment gateway. Fortunately, TailoredPay can help businesses in the nutraceutical industry find the right high-risk merchant account for their needs. One study showed the average value of a cash transaction was $22, compared to $112 for the average non-cash transaction in 2019. Nutraceutical merchant accounts for enterprises selling nutraceuticals online and require credit card processing to sell their products. Mobile Card Reader. At SeamlessChex, we provide solutions that help your business get back on track. To get a merchant account for your travel agency, you’ll need to follow these steps: . D. Despite your businesses’ unique needs, most banks and merchant processors categorize and charge nutraceuticals companies the same way they would standard retailers or e-commerce stores, trapping you into the wrong pricing structure with the wrong fees and rates. Vendors who primarily sell online nutraceuticals need to accept credit cards for their products . The whole process can be completed in as little as 48 hours between application to processing payments. Problem #3. PayDiverse is a nutraceutical payment processor that provides nutra merchants with premium high-risk nutraceutical merchant services, credit card processing & merchant approval. Of course, nearly everyone uses credit and debit card. 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. The U. 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. Best for chargeback monitoring: SMB Global. Nutraceutical companies can often find it difficult to accept credit card payments due to the risk involved with their products. Enable fraud prevention and chargeback mangement tools. US/Offshore chargeback solutions for nutraceutical and other high risk credit card processing businesses. Multi-currency settlement. Most credit card processors offer their own proprietary hardware. 6 billion by 2017. Any merchant account provider that is allowing you actually to accept credit cards is doing so by defrauding their member bank. This includes the sale of Supplements, Vitamins, Herbs, and other Nutraceuticals, that may be considered High-Risk by some payment processors. Accept payments any way customers want to pay you. PCI Compliance. 4 billion as of 2015, and is estimated to reach $204. Providing fast and easy merchant account applications to help businesses start accepting credit cards quickly. However, without the right merchant processing solution, your customers can become frustrated, and you can lose money through lost businesses. m. It was founded in 2009 by brothers Patrick and John Collison, who. STEP 4: OBTAIN NECESSARY PERMITS AND LICENSES (FDA. Fantasy Sports. The Advantages of a High Risk Merchant Account for Nutraceutic. services. That is because these challenges also create increased risk for the banks and processors who would serve the industry. For your Herbal merchant accounts, we are the company to look for your success. Patent Pending “Transaction Routing” Technology, More than 250 Shopping Carts Integrated, “Quick Click” checkout pages, Fraud Scrubbing technology, Kount fraud scoring, Tokenization, Quickbooks integration, Mobile Payments, Email Invoicing, recurring billing and so much more. Processing online credit card payments is the biggest hurdle to success. 95%;Nutraceutical Merchant Accounts; Online Gaming Merchant Accounts; Online Pharmacy Merchant Accounts; Recurring Billing Merchant Accounts; Tech Support Merchant Accounts;. 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. Without a merchant account, you will not be able to accept payment via credit card or debit card. . Accept Credit Cards. Processing online credit card payments is the biggest hurdle to success. S. Within the realm of high-risk payment processing, the nutraceutical industry stands out as one of the most challenging sectors. Therefore, most nutraceutical companies will have to use a partner who specializes in high-risk merchant A business that accepts credit cards for goods or services. If you want to purchase CBD online or through a retailer’s store, you must make an alternative payment option ready as no one will accept the credit cards. Reasonable processing rates. 250-472-5166. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Unfortunately, many credit card processors do not want to work with nutraceuticals businesses. We keep your money safe, so you can keep doing what you love. Our MOTO merchant account allows users who operate call centers to create multiple virtual terminal users with payment gateway access. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and. 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. Create Multiple Virtual Terminal Users. That timeframe can vary based on your business and your credit history. Because high-risk merchants have higher chargeback ratios and regulatory exposure, financial institutions are concerned they may violate card brand rules, laws and regulations. Online payment processing is not limited to debit and credit cards anymore. However, there are various high-risk merchant accounts that nutraceutical companies can apply for to process credit cards through their website and avoid expensive FDA studies and testing. The Comprehensive Guide to Healthcare Credit Card Processing. Visit Website. While it is true that cannabis-related businesses have been treated unfairly, they are still able to get a merchant account. Redefining Nutraceutical Business with Credit Card and Crypto Merchant Accounts I. A high risk merchant account can provide you with the capability to create revenue utilizing your website or preferred eCommerce option. And you most likely need to. Payment shall be due within thirty (30) days of receipt of invoice and shall be by credit card, check, ACH or wire, however if Buyer purchases directly from Nutraceutical and pays within fifteen (15) days of receipt of invoice, Buyer shall receive a one percent 1% discount. 2. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. In today’s business climate, it’s unfathomable to continue business without the ability to process credit and debit card payments. Merchants can accept several payments, from bank cards to cryptocurrency, with a reliable ecommerce. As a result, credit card processing solutions can be challenging to find. Fortunately, there are still some merchant account companies that will take these type of businesses. Diversify your nutraceutical merchant accounts to mitigate risk. Start accepting credit cards with our low rate moto merchant. Like credit card processing in a retail environment, an Internet merchant account uses the same credit authorization process. We are experts in the nutraceutical credit card processing industry. The. The nutraceutical industry is risky for most banks. Here are some more guides on high risk merchant account providers. To get a merchant account, one must submit an application with a merchant account provider. We work with 1000's of merchants in restaurants, CBD & Hemp, retail, e-commerce. You simply submit an application along with supporting documents. EMV capable, PCI Compliant, and modern for 2020! MK Cash Discount . There are two main reasons for this. Get the processing capacity you need to manage & grow your nutraceutical business. ProMerchant: Best for High-Risk Businesses. By clicking “Accept All”, you consent to the use of ALL the cookies. The first change involves the registration process for merchants intending to surcharge. 24 Hr. The transaction process that occurs when a sale is made between a customer and a merchant involves a number of actions and steps taken by the previously mentioned players. Our tailored approach ensures a seamless integration into your existing systems, allowing you to focus on what matters most: growing your business. Small business credit card processing is made possible with payment processors such as Allied Payments, that also works with SMEs and startups. Most of the time, this. Works with Many Principal Third-Party Shopping Carts. audience that continues to be extremely health conscious is the baby boomers. Accepting credit cards for CBD? Online CBD sellers know exactly how hard it is to accept credit card payments. Get the processing power you need to manage & grow your business. For this reason, Visa, MasterCard, and other major card brands set a limit on the number of chargebacks a business can incur. Many people in this audience prefer to purchase their. echeckprocesssing. When seeking an ideal solution for adult merchant processing, that includes online dating, strip clubs, adult book stores, novelties, toys, and websites that require memberships for pornography, it can be a tedious process to successfully accept debit and credit cards. Merchant Accounts For Nutraceutical Products 1. This is how you receive money if you’re ever paid by. Corporate “one stop” online management for multiple business units reported via the same screen login; Advanced, customizable, and FREE online reporting and data collection; CONTACT AmCard Payments HERE to begin credit card processing with the most competitive and feature-rich Merchant Account available to Nutraceutical product. The phrase “nutraceutical” – a mix of “nutrition” and “pharmacy” – refers to any food or fortified food product intended to enhance a diet, prevent sickness, or preserve health. Look for a mobile card reader that’s able to accept payments from a mobile device or digital wallet, as those payment methods are also increasing in popularity. Presenting your business in the best possible light from point of first contact is important because merchant accounts are essentially a line of credit from a processor. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. Don’t let your business go hungry. A merchant account is a specific type of bank account that allows merchants to accept payments. Without a merchant account, you will not be able to accept payment via credit card or debit card. Add more than 80 alternative payment methods favored by international buyers & watch your sales grow. Nutra payment gateways enable the nutraceuticals retailers to authorize and manage credit or debit card payments for their products. Six steps one should make to open a nutraceutical merchant account: 1.