The #1 Thing You Need For Starting Your Nutraceutical Business

Nov 26, 2014

The nutraceutical industry is booming, and with TV doctors and magazines, touting the product’s benefits the fanfare doesn’t seem like it’s going to die down anytime soon. It’s a great time to get into the industry, thanks to this fanfare and the massive amount of products that are offered However, you may have a tough time obtaining the one thing that you need to operate an online nutraceutical business.

Everyone who is an online merchant knows that the number one thing that is needed (aside from a website) is an online merchant account. His can be tricky if your business is in a category considered to be “high risk”, which contains everything from nutraceuticals to online gambling. They are labeled as high risk because of their higher risk of fraudulent charge claims. While all merchants are at risk of these claims, these businesses tend to have a much higher influx, and merchant account providers are not fond of these claims. This is due to their outrageous fees that are eaten by the merchant and merchant account processor. If you end up with too many of these charges, your merchant account provider could drop your business. To save yourself and your business a headache, you need to locate a high risk merchant account processor. You need EMB.

We at EMB, or, know that nutraceutical merchant accounts are hard to come by. We offer our vast array of skills and knowledge to help ensure that nutraceutical merchants and their companies are treated fairly by offering fair rates and excellent software, security, and terminals. While others pay promise you fair rates, they tend to deliver until you get a fraudulent claim. Not us. We will help you challenge any claim that does not seem to ring true, and we can help you keep chargeback fees low, as well.

Let us help you get a high risk merchant account today!

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. 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.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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