The nutraceutical market is growing by leaps and bounds in the U.S. and around the world. A recent report by Research and Markets predicts that the market will exceed $75.3 billion in 2017. This is due to a renewed interest in health and wellness, as well as a demand for dietary supplements. Pharmaceutical companies and other retailers are becoming involved in nutraceuticals, adding more legitimacy to the industry. If you are a pharmaceutical merchant interested in selling nutraceutical products, EMB is the payment processing solution you have been waiting for.
A product is classified as a nutraceutical product if it is isolated or purified, and can positively affect physiology or battle chronic diseases. Nutraceuticals come in three categories: dietary supplements (, fatty acids, vitamins, minerals, in the form of tablets and capsules), functional beverages (sports drinks), and functional food (nuts, tomato products, probiotics, yogurt).
Now that pharmaceutical merchants are carrying more nutraceutical items, they are seeing their profits accelerate. This is especially true for online pharmacies whose customers are searching for safe and legitimate nutraceutical providers to give them access to cheaper products. If your pharmacy wants to expand its customer base and increase profits, eMerchantBroker can provide a variety of payment processing services for you.
EMB provides check processing options like: personal checks, government, travelers, business checks, money orders, and even cashier’s certified checks.
EMB now offers iCheck, which comes with many convenient features like:
- App feature that lets users take photos of checks for payment
- The check-by-phone service also allows merchants to process checks over the phone.
- Paper guarantee; this enables online pharmacies to process paper checks with no risks.
- Companies can add pay now buttons to websites, and email invoicing to speed up payments and digital signatures.
The nutraceutical market will take off in the coming years. Now is the time for progressive pharmacies to find and offer top nutraceutical products for their customers. eMerchantBroker.com is the number one pharmacy merchant account provider in the country. Our account managers are the best in the business and will provide 24 hour service and support.