Business Trends in the Nutraceutical Industry

Jul 28, 2014
pill-resized-600Nutraceuticals, or natural medications, are garnering a lot of attention for various reasons. While many are still weary of these medications, many embrace them, thus bringing forth emerging trends in their sales. Every year brings in something new, and 2014 has not disappointed.

Almond milk had been projected to be a huge seller in 2014, and so far, the predictions were correct. Just a few years ago, hardly anyone knew the benefits of almond milk, let alone that it existed at all. Lately, there have been reports of almond milk being not-so-good for you, due to GMO/non-GMO concerns, however almonds in general are great for your health, and are an easy way to convince those who are afraid of “health” foods to get a little bit healthier. Another product that is likely to become popular in the same way as almond milk in Canadian maple water. If you’ve never heard of it, don’t worry, many people have not. It is poised to become as popular as coconut water and almond milk in just a few years, and provides health benefits to boot.

The nutraceutical industry is booming, and this is the perfect time to get involved with it. While setting u a web store is easy, finding a reputable way to process online payments is not. Nutraceuticals are considered to be “high risk”, due to the fact that these vendors tend to have a higher risk of incurring fraudulent activity. This can be an issue, because the vast majority of merchant account processors will not grant accounts to these companies. However, there are options available. EMB, or eMerchantBroker.com is one of the top-rated high risk merchant account providers in the United States. We 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.

The nutraceutical business is booming, and every year brings new products. While products change, one thing that stays the same is the hassle of locating a nutraceutical merchant account provider. For this, your first stop should be with EMB.

We at EMB are here to help you, via email, phone, or live internet chat.

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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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