Economy Growth Is Great For Nutraceutical Business

Oct 13, 2014
imagesThe economic crisis of 2008 hit the world hard and plummeted many countries into a deep and long recession. The great news is that the recession is looking to be slowing lifting in America with the recovery and economic growth.

There is still a long way to go before any country is back in a position better than before the crash, but at least progress and growth are heading in the right direction. Economic growth shows differently in areas from the housing market to the retail side. Currently the latest figures show an improvement in the retail markets and that is positive news, it shows that consumer confidence is growing and people are spending money.

One positive area in the retail sector is the health food side; people want to choose the right food to eat a healthy diet. This is where nutraceutical is seeing a positive increase in the potential; the name is from a mix of the words nutrition and pharmaceutical and whilst it is supplements, extracts of actual food, it has no restrictions like the rules governing medicines, making a perfect business opportunity.

It is possible to apply for a nutraceutical merchant account, which will allow potential customers the benefits of buying products, which could help the health of their body and use a credit or debit card for the purchase. This opens up the potential for this type of business to appeal to a global market and enabling economic growth too.

Finding a merchant account provider who understands the potential of a business, which bases its sales online. The typical route for standard banking institutes and merchant accounts feel the risk is too high risk. However, it is important to know there are merchant account providers who are open to high-risk business opportunities; they are there to help businesses grow and develop in their own niche.

Therefore, while your business idea might be different from the everyday, it doesn’t mean that you should not offer value and service to your customers as well as providing greater payment options.

Contact eMerchantBroker for a Nutraceutical Merchant Account in as little as 48 hours!

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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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