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. The sponsor bank is a key component in the payment process, responsible for transmitting funds to the merchant A business that accepts credit cards for goods or services. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. 2371 or 50 U. Its expertise helps merchants in getting a well-suited payment processing service to the. Integration Help. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. About 50,000 banks belong to the Fedwire. 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. The best time to get nutraceutical merchant accounts is right now in 2020. SeamlessChex can set your business up with a nutraceutical merchant account you can trust. Great option for merchants targeting international markets. S. To save yourself and your business a headache, you need to locate a high risk merchant account processor. 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. We have the staff and experience to help you jump start your business in as little as 48 hours!. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. DigiPay knows how to navigate the high risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified nutraceutical. Many herbal products are also referred to as nutraceuticals. The financial institution that gives a credit card account to your customer, the cardholder. A Merchant ID number (MID), is a unique code assigned to a merchant by their payment processor. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. As a result, the websites of nutraceutical and supplement merchants must be constantly monitored. 95%. 855-562-ACH2; info@nationalach. The broker helps the business owner access funding sources such as loans, lines of credit and business credit cards. Furthermore, people with scores between 300 and 600 are most likely denied access to good lending opportunities due to their low score status. This has led the banking industry to classify supplements and nutraceuticals as “high risk” sectors, which in turn requires a more thorough underwriting process before supplement merchants can open a merchant account. Unfortunately, this high projection still does not ease the process of being approved for peptide merchant account services from banks. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. Early warning chargeback prevention services. Outside of negative option billing, nutraceuticals is under scrutiny by low-risk banks. And More…. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. 3% rate as required by the federal government for sale. 95 – 4. under a license issued by a jurisdiction whose government has been identified by the U. The big tech companies are moving to Texas and there has been a lot of buzz about the Lone Star state being the next Silicon Valley. What is a Nutraceutical Merchant Account? Any business that accepts card-based payments must have a merchant account, which is a dedicated bank account reserved. Offer your customers card, ACH, and echeck payment. Phone Number. The agent gathered the information and promised to call me back after researching my questions. Soar Payments vaping & e-cig merchant accounts, either directly or via a payment gateway, are compatible and integrate with the following ecommerce, POS and marketing automation platforms: Shopify, WooCommerce, BigCommerce, Magento, Volusion, ClickFunnels, InfusionSoft, and OntraPort. As nootropic sales continue to rise, more and more sellers are finding themselves in the position of needing merchant accounts, in order to accept credit and debt card payments and ACH payment processing. Nutraceutical-friendly merchant partners should be sought from the start. Business dealing in such products is categorized as high-risk business and therefore most conventional banks and merchant processors will. The accounts enable acceptance of payments from customers in the US and overseas. Both. For example, new rates on utility payments would generate a flat $1. 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. Many credit card processors simply try. The settlement banks are our clearing banks and are members of MasterCard and Visa associations. Our extensive and durable relationships with credit card processors and sponsor banks help to more fruitfully underwrite heavily regulated industries like. 15 cents USD per manually entered (or card-on-file) transactions, such as a CBD subscription. However, most experienced merchant account service supplier can offer merchant account amenities but with us, you can avail merchant account for your high-risk businesses. The main reason is that many payment processors and banks consider nutraceutical companies high-risk merchants. 503. 3D secure adds an extra layer of security at checkout and can reduce overall chargebacks up to 70%. Apply Now. Los Angeles, CA (PRWEB) January 26, 2015 -- eMerchantBroker is proud to announce merchant account support for all businesses dealing in the nutraceuticals industry. Additionally, they are responsible for the collection of taxes and fees associated with the transactions. Nutraceutical merchant services are not all created equal. Nutraceutical Merchant Accounts and how to aquire them. In certain situations, we can expedite the setup process in 1 business day. Subscription Merchant Accounts. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Nutraceutical merchants are first on the list of high-risk merchants. Domestic High-Risk Merchant Account Requirements: UK or US based. 65%, Visa will request an investigation into the cause and that an action plan be developed. Due to the chance for legal action in such a loose and unregulated market, th. 1. Securing a merchant account for your adult business, for instance. M&M Merchant Card Services Inc. Like many other companies that are classified as “high risk” by lenders, nutraceutical companies have uphill battles when they seek nutraceutical company merchant accounts. Why Focus on Fat-soluble NutraceuticalsWe at EMB know the trials and tribulations that those in the nutraceutical industry can face, and we will not judge or punish your company for it. For banks, deciding to sponsor payment facilitators (often called Payfacs) is a balance of risks and rewards. The first step is to choose a processor that offers payment processing services tailored explicitly for supplement businesses, like Vector Payments. government regulates nutraceutical businesses, which means these. In 2018, seven democratic senators launched legislation to slow down the “revolving door” between major pharmaceutical firms and federal bureaus like the Drug Enforcement Administration (DEA) that control them. We at EMB, or eMerchantBroker. Unfortunately, a customer may request a chargeback after the payment has already been deposited into your bank account. 2968 Jacklin Rd, Victoria, BC V9B 0A3 Get directions. Secure, dependable payment gateway. At Fibonatix, we offer comprehensive nutraceutical merchant services that prioritize both the security of transactions and the convenience of your customers. ACH payments for high volume or high risk merchant accounts. iPayTotal : Merchant Account Services . Many high risk merchant account providers use the same acquiring banks. MaxPayNow offers Nutraceuticals Merchant Accounts and payment solutions for the Nutraceuticals Industry. Get the processing capacity you need to manage & grow your nutraceutical business. They can be used by businesses and consumers alike, and they make up a huge percentage of electronic transactions. Nutraceutical merchant accounts have also assisted the nutraceutical industry in a majority of ways. DigiPay knows how to navigate the high-risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified nutraceutical merchants. Any merchant account provider that is allowing you actually to accept credit cards is doing so by defrauding their member bank. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. You need to consider where to get your main financing and if your capital can sustain the day to day operational cost until you see revenue. This tends to be a point that most nutra companies forget to address because they get comfortable with the payment processing company they work with; that should not be the case. Nutra products range from oral supplements to teas, tinctures and salves. 9% CAGR and an estimated $5 billion USD growth between 2016 and 2024 (up to $6. Making an application for a High-Risk Merchant Account. Why Was My Drop Shipping Bank Account Suspended? Top 10 Dropshipping Business Ideas for 2024; Why Was My Venmo Payment Declined? (High Risk Merchant. A debit transaction deducts payments from a customer’s bank account and automatically transfers the funds to the merchant’s account. Nutraceutical Merchant Account. The American Clearing House (ACH) offers a type of payment that is 100% electronic but does not involve a credit or debit card. The bank assigns this number when a business applies for a merchant account with the processing service. Both categories are ordinarily associated with free trials, chargebacks, false claims and customer complaints. C. The issuing bank. To get a high risk merchant account for your nutraceutical business, you need to apply to ahigh risk merchant services provider that has a bank sponsor relationship that’s willing to accept nutraceutical businesses. Protect your nutraceutical business from exorbitant bank holds and reserves. Business dealing in such products is categorized as high-risk business and most conventional banks and merchant processors will not. A nutraceutical product is a purified or isolated item that must have the ability to combat chronic diseases or have a physiological benefit. Easy Pay Direct. An R20 non-transaction account offers users a range of tax benefits. It was founded in 2009 by brothers Patrick and John Collison, who were only 19 and 21 at the. Selling nutraceuticals is an interesting business. C. In our experience, cannabis businesses see an average ticket increase of about 17% when they implement card payment services. The requirements for keeping the account will be more stringent and the maximum chargeback rate will be lower than for other, lower-risk. COVID-19 changed cash for good. eChecks. Typical reasons people purchase these products include. An automatic clearing house or ACH payment is an electronic means of either depositing or withdrawing funds from a bank account. This isn’t just a struggle for someone new on. But despite providing. For any E-commerce site, to accept payment by multiple means you need a proper payment gateway and. 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. Nutraceutical Merchant Account; Merchant Account for Tech Support;. To get a high risk merchant account for your nutraceutical business, you need to apply to ahigh risk merchant services provider that has a bank sponsor relationship that’s willing to accept nutraceutical businesses. While products change, one thing that stays the same is the hassle of locating a nutraceutical merchant account provider. With access to scores of US and international banks, all payments are covered. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. Skip to content. 70 70. The sale of peptides online through the use of credit card payments is deemed high risk by many banks in the US. While SARMs merchant processing can be hard to find occasionally with some banks, the Allied Payments team has. A nutraceutical merchant account is a type of merchant account that is specifically designed for businesses that sell nutraceutical products, such as dietary supplements, vitamins, and other health-related products. High volume Nutra merchant accounts are our specialty. Free setup and zero upfront fees. S. 30 cents USD per online transaction, and 4. com. 06 billion (2018) to $49. We get nutraceutical merchants approved when other processors decline. com, know that nutraceutical merchant accounts are hard to come by. We support weightloss, health, beauty, dietary supplements & fitness. 3. For example, if the merchant has an account with their processor that is priced at a discount rate of . Opting for a high-risk nutraceutical merchant account provides the assurance that you can operate your business without the risk of losing sales or potential customers. A sponsor bank is a federal or state chartered bank, which is a member of one or more of the credit card associations, who provides money-movement and compliance oversight for fintechs, since most of them are not banks. And since every crypto payment is tracked, dispensaries can comply with regulations. C. payment gateways, credit card processing, chargeback alerts & instant approvals. With online businesses, this convention is the norm. Nutraceutical payment processing is not difficult. STEP 3: REGISTER FOR TAXES, OPEN A BUSINESS BANK ACCOUNT AND SET UP BUSINESS ACCOUNTING. Therefore, it is regulated by the government. NationalACH specializes in payment processing accounts for high volume and high risk merchants that want the ability to accept payments directly from US customers’ bank accounts. Users can also take advantage of the tax-deferred growth offered by the account. Our nutraceutical. For more information, visit the PaymentCloud website or call (888) 506-7859. Department of State as a sponsor of international terrorism under 22 U. ACH can be for both debit and credit transactions. Due to the chance for legal action in such a loose and unregulated market, th. Victoria, BC V8W 3G3. 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. These products are often vitamins, or mixtures of herbs that claim to assist with a desired outcome. Check out our first-hand insights and list of. eChecks. With a high average sale amount, the more “risk” there is to the processor in the event of charge backs. A. According to Grand View Research, peptide sales are expected to peak at 48. Straightforward, simple set-up. Free application with no obligation. The financial institution that maintains merchant accounts. Without a merchant account, these businesses have no way to accept credit and debit card transactions. The acquirer, as it is commonly called, provides businesses with a merchant account, where all their revenues are deposited. Best Nutraceutical Merchant Account Providers (2023) Best Multi-Currency Merchant Accounts (2023). Merchants find it very. The supplement industry is booming with an ever-increasing demand for…Nutraceutical businesses are classified as high-risk, which makes them ineligible for merchant accounts at numerous sponsoring banks. It’s basically an eCommerce list that warns other financial institutions. 3. Nutra Payments Offers Retail & High Risk Nutraceutical Merchant Accounts. Even if those products contain terpenes that are derived from cannabis, we can still provide payment processing. Nutraceutical Merchant Accounts 2018. NACHA , which operates the vast ACH network within the United States, doesn’t set the interchange fees associated with ACH payments. One-time & Recurring Payments. A standard retail "swipe" merchant account does not allow processing of these "card-not-present". Just because nutraceutical businesses are considered high risk doesn’t mean they should be subjected to high merchant account fees. To increase your chances of approval, ensure the following documents are in order before filling out an application and submitting it to underwriting. But, RCC is still a risky business for banks and third party processors. net. We have the staff and experience to help you jump start your business in as little as 48 hours!. A Terminated Merchant File is used by processing companies to screen merchant account applicants. Some of the benefits include: Network Merchants Inc. Ways that nutraceutical companies can get their credit card processing in order. If you sell supplements, diet pills, or any vitamins online, you’ll want a payment processor that keeps your account running. You will be contacted within one business day . 770-690-8369. Nutraceutical Merchant Accounts. Overcome the toughest of merchant challenges & disapprovals. That said, this will severely limit your ability to accept online. 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. To comply with the FDA’s guidelines, nutraceutical companies must first apply for a high-risk nutraceutical merchant account. Herbal Products and Nutraceutical Merchant Account . 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. Quick & Easy Merchant Account Setup! Contact our nutraceutical team. under a license issued by a jurisdiction whose government has been identified by the U. These transactions require a bank account number and routing number to process. Due to lack of health regularization by the government, Nutraceuticals are tricky businesses to find merchant accounts. Copy of call center agreement. First, on the high risk merchant list is nutraceuticals. Nutraceutical businesses come under the category of high risk. Instabill’s new international banking solution includes many perks, such as: Solutions for startups; Free trials; Unlimited volume; Recurring billing; Rates for Nutraceutical MerchantsOffshore Merchant Account; CREDIT CARD PROCESSING; Solutions. Most e-cigarette merchant accounts use one of 2 pricing models; tiered pricing or cost-plus pricing, also known as interchange-plus pricing. For this reason, they will put certain industries or business types on their restricted merchant list. Domestic & International Nutraceutical Merchant Accounts. True PIN Debit (NOT Cashless ATM) and eCheck services that are 100% compliant and transparent. 5% + 0. Accepting crypto payments is much easier than trying to get a card merchant account for cannabis. By Tony Ward April 27, 2021 2:27 am No Comments. Let a business partner with the best credit history apply for the account; Fill up your bank account with a substantial amount of money;To obtain a merchant account for your collection agency, start by completing our online application. With your account, you’ll have access to all of the incredible features PayDiverse offers, including: Free set up of your payment portal. Added to the MRP – Mastercard Registration Program Acquiring banks has to include all merchants involved with negative option billing into the MRP to be compliant with the new rules. We provide online payment solutions for your business. When using an offshore merchant account, your acceptable chargeback ratio increases from below 2% to 3-4%. under a license issued by a jurisdiction whose government has been identified by the U. These limits are typically between $25,000 and $100,000 per month. Place your High Risk Merchant Account with banks that want your business. C. The nutraceutical industry is prone to chargebacks for a variety of reasons, causing merchant A business that accepts credit cards for goods or services. By doing so you will have the backing of a great bank and be able to grow without worry. Authorize. High-risk Nutraceutical Merchant Account. Nutraceutical Merchant Accounts;. How is the ACH system used? ACH is a payment method that allows merchants to send and receive payments electronically. These can all be flags for a high risk merchant account. UniBul’s Nutraceutical Merchant Account. 3. Additionally, we use state-of-the-art tools like tokenization, encryption, and 3D security to ensure secure card processing, which is essential in the supplement industry and nutraceutical credit. Learn how to reduce the risks. Competitive advantage. An ACH merchant account allows. C. The #1 rated high risk merchant account provider. When it comes to opening a business bank account, you are going to need: a business license. There are two main reasons for this. Without a mer. 3. Challenges that plague the supplement industry also put the owner's nutraceutical merchant account in danger of shut down. 5% equals $8. But why would banks avoid my business when the industry is. Merchant Account for Tech Support. But there’s also another industry that’s booming in Texas right now—nutraceuticals. Nutraceutical products are increasingly becoming more and more popular all over the world. Accept Credit Card Payments – as with most online transactions, the credit card payment option is expected in your online pharmacy. All Nutraceutical Merchants welcome. DirectPayNet has high-risk merchant accounts for many industries like supplements, biz-op, subscription,. It is often a bank or other financial institution that is a licensed member of a card issuer such as Visa or MasterCard. Just apply online, and we'll take care of. A credit card processing company needs a minimum of $50,000 capital on average. This means that ISOs act as the middlemen between acquiring banks and the businesses that are looking for electronic payment processing solutions. It’s undeniable that the nutraceutical market goes on growing at a rapid pace. More. PayDiverse works closely alongside nutraceutical merchant accounts to avoid detrimental and unwarranted chargebacks, fraud and account closures. Regulations: Another aspect that forces nutraceutical businesses to acquire a high-risk merchant account is the law. We’re Also Compatible With Many Other CRM. The pandemic has made many Americans realize the importance of investing in health, resulting in the nutraceuticals and the plant-based food revolution. Call you today to discuss our high risk ach processing programs. 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. One of an acquiring bank’s key roles is to deposit your funds from credit card sales into your merchant account. Apply Now. When a customer makes a payment in this way, otherwise known as a card-not-present transaction, the money is processed into the merchant account before passing. Products. This regulatory uncertainty has made it so that sponsor banks are unwilling to underwrite CBD businesses for credit card processing. This way, you are denied any chance of getting your hands on a merchant processing account. ACH. No, we don’t mean the acronym you mutter when the loan officer at the bank refuses to certify your business as low risk. Home; Blog; Merchant Accounts; Best Nutraceutical Merchant Account Providers; Best Multi-Currency Merchant Accounts January 24, 2023. Nutra products range from oral supplements to teas, tinctures and salves. Merchant accounts can be used in various ways, whether the merchant operates a storefront or the business accepts credit cards through a card-not-present (CNP) environment. The nutraceuticals marketplace is projected to hit over. A nutraceutical merchant is one who sells a pharmaceutical alternative that promises physiological benefits. . Low conversions equally affect how an acquiring bank sees your ability to generate revenue and meet monthly sales targets. This is because of strict guidelines for processing credit card payments that go beyond the requirements of most other industries. With access to hundreds of US and international banks, all payments are covered. Traditional payment services and banks to avoid approving underwriting for adult merchant accounts. Enjoy Next-day payouts and no rolling reserves 5. Ask Zenti about our low- or zero-cost credit card processing fees. MerchantE has direct relationships with several sponsor banks. If your bank is unwilling to accept the risk associated with your industry, you will need a high-risk merchant account. Choosing an ideal payment gateway for your nutraceutical company whittles down the risks that come with processing. The company is partnered with multiple acquiring banks, which allows it to offer flexible. The payment gateway from Patriot Bankcard supports multi currency processing in over 160 currencies, including USD, GBP, and euros. So if the banks are backing off how do you get approved for payment processing? You need to seek out a high risk merchant account provider that has bank sponsor relationships. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. Banks & ACH Processing. The registered ISO sells merchant accounts to businesses on behalf of larger banks that are members of credit card associations. A retail nutra merchant account allows your business to accept face-to-face credit and debit card payments via a credit card machine or point of sale system. At UniBul, we give you a nutraceutical merchant account with: Fast application approvals. S. The debt collection agency industry is one that grossed over $10. Banks and traditional. A start up mineral nutraceutical business needs the ability to accept payments for online sales. Atlantech provides the best Merchant Accounts for Nutraceutical. Our all-in-one merchant accounts include affordable e-Check/Credit Card processing, debit and ACH processing, a payment gateway, and chargeback protection. top of page. Third is vaping and e-cigarettes. 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. Set your Supplements Business up with Merchant Account Services today! Contact one of our Peptides payment processing professionals for more information about the available services for your business in the supplement industry. Nutraceutical merchant accounts have also assisted the nutraceutical industry in a majority of ways. Durango Merchant Services, on the other hand, has offered solutions for the telemedicine industry for many years. If you're looking for payment solutions that will positively impact your business, Zen Payments is ready to help. Before diving headfirst into the application process, assess your business needs. They are also subject to high returns and credit card declines,. We have the banking relationships and underwriting in place to support nutraceutical supplement credit card processing. In addition, we can set up alternative payment methods such as ACH payments and E-checks. Get a secure Nutraceutical Merchant Account with QuadraPay. First Name. Multiple Merchant Accounts. Low cost way to send funds. Online payment processing is not limited to debit and credit cards anymore. Bank transfers are the safest online payment method available for nutra merchants. Accept Payments Today. Published by Max on January 24, 2023. Multi-bank and offshore payment processing. S. Fortunately, EMerchant Authority offers nutraceutical merchant processing services at an affordable price. South. Our goal is to provide you with the lowest rates, fastest approvals, and best terms for payment processing. 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. Authorize. Standard ACH credits $1-3. . 50% and an authorization. Even US based businesses operating internationally. G et an offshore merchant account is a legal way to receive payments by credit card in your business abroad. 1. 4 billion as of 2015, and is estimated to reach $204. 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. Setting up a merchant account to process payments is the first step in enabling nutraceutical commerce. I have partnered with Durango Merchant Services for multiple years as a corporate sponsor and would highly recommend this company. Wells Fargo on it’s own, operates purely as a banking institution – and most of their operation has nothing to do with First Data. S. However, your business can be at high risk or those who have acquired a bad credit from the bank. You pay $23. “Best Nutraceutical Merchant Account Providers,” January 10, 2017, at. All Nutraceutical Merchants welcome. This allows the acquirer to offer payment services to their clients. It also provides additional revenue from their transaction fees. Processing payments through acquiring banks in the. First Data's GNF List is NOT the same as the TMF List / Terminated Merchant File. Compliance Support. Get in touch: (877)-511-3402. Bad credit merchant account. We provide online payment processing for high risk nutraceutical merchant accounts. To get a nutraceutical merchant account, an online application is the quickest way to an approval. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. Get the processing capacity you need to manage & grow. Due to lack of health regularization by the government, Nutraceuticals are tricky businesses to find merchant accounts. Every merchant has a different ID number, much like every individual has their tax ID number. Conclusion. Due to frequent comparisons to nutraceutical companies, owners of cosmeceutical businesses need to be vigilant. High Risk Merchant Account;Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. Vitamins, Skincare, Nutraceutical The nutraceutical (or "Nutra") sector is not a laughingstock. These businesses need a trusted company like PayKings to provide them with high risk credit card processing. Therefore, they reject nutraceutical retailers. Executed Personal Guarantee (when required) Executed Attestation Disclosure - Provides the bank with permission to contact your bank and confirm that your DDA is transparent and that they have BSA/AML program in place for cannabis. 1-888-909-HEMP. Best Nutraceutical Merchant Account Providers. 404. Including setting up a nutra merchant account, and working with banks directly. A payment facilitator is responsible for a number of tasks. search for long-term solutions for your nutra deals. And many buyers are savvy, they know exactly what they want. RCC is still a legal payment method. The bank-to-bank transfers direct payment platform was designed specifically for high risk ecommerce businesses including nutraceutical merchants. Other benefits that accrue to businesses that choose nutraceutical. Ready to take your nutraceutical business to the next level? Merchant accounts for nutritional supplements. services. A merchant account is a type of bank account that enables businesses to accept and process digital payments, such as credit and debit card transactions. See Full List of Supported High Risk Industries This is because credit card processors only accept businesses that their sponsor banks permit in their underwriting instructions. ARE YOU IN NEED OF SUPPLEMENTAL CREDIT CARD PROCESSING FOR YOUR. The good news is some PSPs are already partnering with acquiring banks that process high-risk companies.