EMB Leading Solution for Online Pharmacies

Dec 30, 2015

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.

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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