Unfortunately, many credit card processors do not want to work with nutraceuticals businesses. Without a merchant account, these businesses have no way to accept credit and debit card transactions. They also struggle to secure the financing they need to grow their business and cover costs. There are two main reasons for this. First, the industry is regulated. The U.S. government...
Are you a merchant interested in a nutraceutical merchant account? Why is your business classified as high risk? What are the reasons? How can you obtain this merchant account without challenges? This article will tell you how you can do this successfully. High Risk Nutraceutical Merchant Accounts Nutraceutical products are increasingly becoming more and more popular all over the world....
Each year, the number of Americans taking supplements climbs a little higher. With more and more nutraceutical merchants entering the market to fulfill this demand, it would be easy to believe that the process is straightforward, and all merchants are successful. However, that belief would be wrong. Unfortunately, certain factors make banks and other traditional providers incredibly nervous. As a...
The global nutraceutical market is anticipated to account for $285.0 billion by 2021 (up from $198.7 billion in 2016), demonstrating a compound annual growth rate (CAGR) of 7.5%, from 2016 to 2021. Are you a nutraceutical merchant interested in opening a merchant account for your online business? Be aware it’s critical to turn to a reliable and experienced merchant account...
According to recent reports, the Indian nutraceuticals market will probably make to the tune of $10 billion come 2022. At a compounded rate of 21% per annum, this dream will most likely come true. The rapid expansion of the nutraceuticals industry –food and drinks with possible health advantages – is driven by current shopper trends. These days, most customers not...
According to Zion Market Research, global dietary supplements market was valued at USD 132.8 billion in 2016. The market is projected to reach USD 220.3 billion in 2022, and is expected to grow at a CAGR of 8.8% between 2017 and 2022. Health Supplements Market Manufacturers of health products can end up with legal troubles if they deal with claims...
The nutraceuticals industry continues to grow and is expected to have a bright future. According to Euromonitor International, a global market intelligence publisher that provides market research reports, statistics and online information systems on industries, countries, and consumers, the US vitamin and dietary supplement market is projected to grow by 53% to $28.7 billion by 2021. Nutraceuticals Industry Each year,...
Zion Market Research shows the global dietary supplements market is projected to grow at a compound annual growth rate (CAGR) of 8.8% from 2017 to 2022. The market revenue accounted for 132.8 billion in 2016, and it’s expected to reach $220.3 billion by 2022. Asia-Pacific was the biggest market for dietary supplements in 2016. It represented over 31% share of...
The Global Herbal Supplements and Remedies production value has reached 6213 million USD in 2016; it made up 5103 million USD in 2011. The Global Herbal Supplements and Remedies demand is projected to develop with an average growth rate of nearly 4.5% in the next 5 years. Herbal Supplements and Remedies Market Report Those interested in the international market trends...
Are you struggling to secure the payment processing solutions your nutraceutical business needs? Unfortunately, there are many industries whose merchants struggle to secure merchant accounts for their businesses – the nutraceutical industry is definitely among them. But why would banks avoid my business when the industry is thriving, you ask? Indeed, according Nutraceuticals World, “The global nutraceuticals product market reached...
