Credit Card Processing for Your Skincare Business

Jan 23, 2018

Skincare represents the biggest segment in the beauty industry. The global sales of the skincare segment are projected to exceed $130 billion by 2019. The global skincare market is expected to account for $180 billion by 2024.

This article will tell you how you can get affordable and reliable credit card processing for your online skincare business.

The Skincare Industry

In 2015, the beauty industry represented a $56.2 billion market in the US. Haircare is the largest sector and has 86.000 locations. Skincare is the 2nd one and is growing rapidly. It’s expected to account for almost $11 billion by 2018.

The reason is that people have started paying more attention to skincare. On the other hand, the growth is the result of the increase in the market for men.

In general, the US skincare and toiletries market is taking advantage of the rising demand for natural and organic products, accounting for a faster growth rate as compared to the overall market.

The demand driven by natural and organic products with no unnecessary chemicals, parabens, additives or fillers is growing. This segment represents more than 1/3 of the $9.6 billion natural and organic personal care industry, according to Nutrition Business Journal. It’s growing faster as compared to the overall skincare market.

Skincare Merchant Account

The global skincare industry was estimated to account for $121 billion in 2016. By 2018, the US skincare market will reach almost $11 billion.

Are you starting a skincare business or you’re already running one? Turn to emerchantbroker.com to get a secure and low-cost merchant account for your business. The application process is simple and hassle free. EMB is voted the #1 high risk processor in the US and has an A+ rating with the BBB.

Moreover, emerchantbroker.com has an A rating with Card Payment Options and is named one of Inc.500’s Fastest Growing Companies of 2016.

It’s interesting to note that in 2016, 57% of US women stated it was important to buy all-natural skincare products. That’s the reason why companies focus on offering consumers innovative products and developing environmentally friendly products either made locally or using locally sourced ingredients. Anti-aging products are also among the strong growth segments in the US cosmetics and toiletries market.

When it comes to the western European markets, some 40% of the global upgrade comes from the combination of Spain, Germany, Italy and France, which reflect the region’s steady economic stabilization.

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

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

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.

Live Chat