EMB has the Ultimate Solution for Nutraceutical Success

Mar 31, 2016

Most businesses have issues taking off, but when that business is labeled as “high risk”, the problems mount even higher. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. One of the riskiest is the nutraceutical industry, which affects most consumers on a daily basis. If you take a nutritional supplement, you support the nutraceutical industry. Pills, drops, teas, and topical products are gaining speed daily, which should make the industry valuable. It does, but most merchant account providers see it differently.

With a “high risk” business, it does not matter how much revenue it brings in, but rather the amount of chargebacks. Nutraceutical merchants have an abnormally high amount of chargebacks. These can come from many reasons, from the cancellation of trial products to the return of products that did not work. Chargebacks cost the company big money, and too many can leave you without a merchant account. You must have a merchant account, and there is one place you need to look when you are in need of a nutraceutical merchant account: EMB.

EMB, or eMerchantBroker.com is the only stop you’ll need to make on your search for a nutraceutical-friendly merchant account. While others claim to be experts with types of “high risk” merchants, this is typically false. With EMB’s nutraceutical experts, you can rest assured that as long as you can keep your chargeback rate below 3%, you will maintain a merchant account. With highly trained experts to guide you along, this should not be an issue. The industry is tough, and not only for its chargeback percentage. The government has issues with the industry, because the FDA does not qualify most products as “medicinal”. Ever-changing regulations can be hard to keep up with, but EMB will help.

A merchant account is one of the most valuable things a business can invest in. However, when you have a nutraceutical business it can be hard to find a knowledgeable and cooperative merchant account processor. With one call to EMB, you can solve all of your merchant account needs. Call today to learn more about your options.

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

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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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