Avoiding Poor Quality Nutraceuticals

Feb 13, 2015

The press has been talking lately about some brands of nutraceuticals that have been less than honest about their ingredients. Some brands – some major store brands, in fact – have been using fillers in their products, instead of pure compounds. While this is disheartening, it can be avoided by vetting your suppliers. While not all complications can be avoided, knowing who your suppliers are can help solve a problem before it can start.

First off, you may want to stick with US-based and manufactured supplements. While it can be cheaper (and more exotic) to purchase overseas, the quality is not up to standards as it is in the USA. Many nutraceuticals are grown overseas, so it is natural to purchase it from its homeland. However, out FDA has strict guidelines as to processing, packaging, and labeling that other countries do not. To be safe, stick with US-based suppliers.

Even when you use a US-based supplier, ask questions. Ask their background, where they obtain their products, how long they have been in business, etc. Also, do not be afraid to ask if they have been a party in a lawsuit, or been part of a FDA investigation. It is important to note that companies can change, and that those who have been in previous trouble can redeem themselves. However, it is still good to know.

You also need to make sure that your merchant account processor is experienced in dealing with nutraceutical merchant accounts. Not all who claim to be actually are, and by employing one of those companies, you are putting your business at risk. One of the best nutraceutical merchant account providers is EMB. With EMB, not only are your accounts safe, but there is also optional added protection against chargeback fees. If you have product issues and many customer returns, chargeback fees can quickly cripple your company. By employing EMB, you can make sure that your company stays safe.

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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 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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