“The biggest risk is not taking any risk” – Mark Zuckerberg
Online pharmacy is a leading business on today’s eCommerce market. According to Research and Markets, the industry will count for over $75.3 billion in 2017. The reason is that there is a growing interest in health and wellness, and the demand for dietary supplements is increasing rapidly.
Online Pharmacy Business Is High Risk
Online pharmacy businesses are high risk. However, as pharmaceutical companies and other retailers get more and more involved in the industry, the latter acquires more legitimacy.
To enjoy good profit, online pharmacy merchants should adopt successful eCommerce management, and deliver genuine products, high-quality customer service and competitive rates to online shoppers.
To start an online pharmacy business, merchants must be extremely cautious, and turn to a highly reputable and trustworthy payment processing company to get a reliable merchant account for their high-risk business. Choosing the right processor in the field, merchants will be able to easily take advantages of their pharmacy merchant account.
A nutraceutical product can be characterized as an isolated or purified product that has a positive physiological effect or can fight chronic diseases. Nutraceuticals are as follows: dietary supplements, sports drinks or functional beverages, and functional food.
All pharmaceutical merchants interested in an online pharmacy business can turn to emerchantbroker.com (EMB), #1 payment processor for high-risk businesses in the US.
Best Pharmacy Merchant Account
As it happens with other high-risk businesses, traditional banks and some processors may refuse to open a merchant account for your online pharmacy businesses. Most credit card processors try to stay away from legal violations, chargebacks, online fraud, and other risks connected with online pharmacy business.
Today, pharmaceutical merchants enjoy increased profits. This refers especially to those cases when customers are looking for safe and legitimate nutraceutical providers who will enable them to access to products that are affordable. If you are trying to attract more customers and increase your profits, emerchantbroker.com is the right option to choose.
EMB is the #1 pharmacy merchant account provider in the country. Our account managers are the most experienced specialists in the business and offer 24-hour service and support to customers. With emerchantbroker.com, you can enjoy a variety of credit card payment processing services for your online pharmacy business and open a low-cost pharmacy merchant account with ease.
We offer check processing options such as business checks, personal checks, government, travelers, money orders, and cashier’s certified checks. Moreover, EMB also has a new iCheck service that boasts a number of convenient features like app feature, the check-by-phone service, and paper guarantee. Thanks to iCheck, companies can add “pay now” buttons to websites, and email invoicing so to enjoy fast and easy payments and digital signatures.