Online Pharmacies Provide Low Cost Alternatives for Consumers

Nov 30, 2015

Prescription drugs in America are getting out of control. And it looks like they will get even more expensive. According to PR Newswire, five of the top prescription drug plans will double insurance premiums next year. Many individuals are flocking to online pharmacies for help. Even if an individual is uninsured, purchasing online prescriptions is far less expensive than paying retail prices. This is a prime time for entrepreneurs to invest in the online pharmacy market.

Online pharmacies are vendors of prescription drugs. These companies can provide much cheaper drugs because their clientele is served from one central location, as opposed to an expensive network of physical pharmacies. Online pharmacies like costs consumers between 60 to 70 percent less than retail pharmacy price. The company’s prescription drug list has the most generally prescribed medications at below prescription or co-pay premiums. is a VIPPS-accredited online pharmacy that reduces the out-of-pocket expenses for consumers. The online pharmacy’s drug catalog has over 3,000 affordable medications that offer easy and cost-effective prescribed medications. Although there are credible online pharmacies, illegitimate pharmacies that market fake or harmful drugs are on the rise. Consumers should avoid any online pharmacies that don’t require a prescription for medication. Also legitimate online pharmacies should have a state license, along with a pharmacist available to discuss any questions.

This summer, the Food and Drug Administration (FDA) has taken action against over a thousand online pharmacy websites. A recent survey of about 11,000 online pharmacies found that only 4 percent were actually operating under U.S. laws and standards. Before buying from an online pharmacist, consumers should ensure that they have all the proper licensing and scrutinize online reviews.

If you are an online pharmacy merchant, trust with all of your pharmacy merchant account needs. EMB provides payment processing services for online pharmacies. With EMB pharmacy merchants can use check-based payments to deposit funds quickly to merchant accounts. Our account managers are the most experienced in providing payment processing for online pharmacies.

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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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