Make Millions with Online Pharmacies

Sep 11, 2015

It’s no secret that medications in America are high compared to the rest of the world. As a result, many people are finding alternative ways to obtain cheaper drugs through online pharmacies. An online pharmacy is based on the Internet and is a vendor of prescription drugs. These pharmacies have become popular because they can sell drugs much cheaper due to a larger clientele served from one location, while regular pharmacies have the added cost of establishing a network of physical pharmacies. The demand for online pharmacies is growing which makes it a prime market to invest in. If you are looking to start your own venture, consider opening an online pharmacy merchant account.

Unfortunately, for as many new and legitimate pharmacies there have been, there are just as many fraudulent ones. These pharmacies might send customers non-U.S. versions of your desired drug, an incorrect dosage, incorrectly labelled products, the wrong prescription, or even sugar pills. In most cases no one is monitoring the behaviors of illegitimate online pharmacies as most are located in foreign countries. However, there’s not much the FDA can do about these businesses since there is no law explicitly forbidding importing prescription drugs from foreign countries. And if a consumer purchases a drug that gives them an adverse reaction, there is no recourse that can be taken by the FDA.

Still when it comes to foreign online pharmacies, drug costs are so much cheaper it is just too tempting for some consumers to pass up. The FDA recommends sticking to online pharmacies that reside in the U.S. and Canada since Canada has similar drug standards to the United States. The FDA reports that there is a growing number of online pharmacies that claim to be Canadian that actually are not. Real Canadian pharmacies are certified by the Canadian International Pharmacy Association and are CIPA-certified, but they can’t be verified by U.S. pharmacy bodies.

Now is the time to open your pharmacy merchant account or to expand your physical pharmacy to the internet. eMerchantBroker.com is the number one pharmacy merchant account provider in the nation. Our account managers are the most experienced in the business and will grow your account through 24 hour monitoring and convenient payment processing solutions.

Let us help you get a pharmacy 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 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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