Nutraceuticals

High Risk Merchant Account for Nutraceutical Business

Nutraceutical (“nutra”) businesses are typically considered as a high risk business type when it comes to payment processing. Nutraceutical companies generally cover businesses that offer products that are used to provide some┬átype of health benefit. For example, some nutraceuticals are sold as supplements that may contain certain herbs, vitamins, minerals, enzymes, etc. that are used to promote improvement in a particular area of health. This may include weight loss, anti-aging, anti-hair loss, muscle-growth, energy-boosting, teeth whitening, fitness, skin treatments and other wellness products.

Unfortunately, nutra businesses may find it difficult to obtain traditional merchant accounts. There are many reasons why a company that sells nutraceutical products needs a high risk merchant account. First, these business types tend to have a high chargeback ratio and process very high volume. Secondly, the ecommerce continuity/subscription-based aspect of purchasing the products also poses higher risk. We can help. Please contact us at 1-800-930-4476 to speak with a consultant to explore your payment processing options.