How to open a nutra merchant account
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Need to Open a Nutra Merchant Account?
Look no further than here, High Risk Payment Pro’s has the knowledge on Nutra Merchant Accounts to get your business up and running. Nutra merchants, otherwise known as Nutraceutical or Nutritional Supplements, often have trouble finding online credit card processing and a reliable nutra merchant account. However, it is not impossible to find a the right provider for your unique needs. Due to the high rate of chargebacks and continuity billing aspect, nutra merchant accounts are labeled as extreme high risk. Majority of banks will immediately deny nutra merchant accounts because of the risk taken with this industry. Not many banks want to be liable for the inconsistency of such a risky business. However, nutra is a billion-dollar industry and someone needs to handle the credit card payment processing, let that someone by high risk payment pro’s.
How Can I Secure a Nutraceutical Merchant Account?
Securing the right nutra merchant account provider can be a challenge. If you are a new nutra related business you might think it is as simple as filling out an application with a merchant account company. However, this is not the case. At the end of the day it is really up to the underwriter to either accept or deny the application. It also depends if the underwriter has the experience with high risk companies and feels confident in the product.
At High Risk Payment Pro’s our underwriters are more than capable to work with you and help you secure a reliable and effective nutra merchant account with us. How to secure a nutra merchant account isnt just applying, but rather find the appropriate merchant account provider that specializes in high risk merchant accounts and then apply and most likely get approved!
Why Does this Matter and How Can High Risk Payment Pro’s Help with Your Nutra Merchant Account?
It is important to be aware of the risks involved in your unique busniess. For example, there is an undeniably high chargeback ratio in the nutra industry. If you can handle the high chargeback ecommerce nature of the business then you might be in the clear and have a healthy stream of income. It is vital to go to all measures to catch credit card fradualnt and stolen credit card purchases. If you can limit these sales before they happen it will immensely benefit your business. To avoid these interactions with potential clients it is very important to respond quickly and in a kind way to settle the disagreement. That is primarily due to which merchant account provider you choose. You can save yourself a lot of hassle if you can connect directly with frustrated customers instead of them going straight to the bank and demanding a refund. Here at High-Risk Payment Pro’s we will support you and give you the highest quality merchant account card processing imaginable. No client will be disappointed.
- Fill out an online application
- Submit the proper documentation
- Let our expert underwriting team go to work for you to get you approved
- Start accepting payments and making money
How Does Being High Risk Affect Your Chances of Getting a Nutra Merchant Account?
You might be wondering why nutra merchant accounts receive such a high volume of chargebacks. Well, being an eCommerce and purely online business with card not present transactions can be a little more unsafe. Therefor finding a merchant account can be more difficult beacuse it puts the odds against your business. Most nutra busniesses believe that if they put out a good product there will be no backlash from their clients.
However, you can’t please them all and there will clientele that is not in favor of the companies products. It is important to be aware of chargebacks before it is too late. If a nutra company does not use a chargeback management tool then they will be overwhelemed with chargebacks ruining there revenue. The last thing a successful nutra business can anticipate is a chargeback claim because the customer did not realize they agreed to be billed in the future. This is because most nutra buisnesses implement a membership, continuity, or recurring billing model.
Most nutraceutical companies utilize a membership, continuity, or recurring billing model. If a client notices an unusual charge on their credit card they are most likely immediately outraged and frustrated with the business that charged them, even if they agreed to it in the past. There is always some amount of customers who do not fully comprehend that they will be billed in the future, and when it shows up on their credit card statement, they open a chargeback claim. These situations can be resolved with a strong and effective customer service provider that can handle all negative customer experience and quickly fix any issues.
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Why High Risk Payment Pro's?
High Risk Payment Pro’s is well versed with the unique needs of the different nutra related businesses and has established acquiring banking relationships. We are experts in getting nutra merchant accounts set up and accepting online payments in no time.
Nutra Merchant Account Experts
- Fast Account Approval
- Large Merchants Welcome
- 10+ Banking Relationships
- Retail & E-Commerce Adult Accounts
- B2B Adult Accounts Welcome
- In House Under Writing
Multiple Payment Solutions
- Credit Cards
- Custom Gateway
- Mobile Payments
- EMV Readers
- B2B-Level 2/3 Data Discounts
- Chargeback Management
- SSL Secure Checkout
Top Customer Service
- POS/Terminals Available
- Developer API/Docs
- Dedicated Account Managers
- Custom Gateway Tools
- Custom Checkout Plugins