Online Pharmacy Merchant Accounts Now at EMB

Mar 10, 2015

Online pharmacies are a popular way to get the drugs you need without having to make an extra stop after the grocery store. The pharmacy industry has recognized this as an ever-increasing number of merchants are moving online in the pharmaceutical business. But, securing a merchant account for an online pharmacy remains a tricky task as banks are quick to label such a business as “high risk.” Due to regulation from the Food and Drug Administration, the chargeback risks, and the confusion on the parts of customer regarding prescription drugs, traditional payment processing providers turn away from opening a pharmacy merchant account. Not eMerchantBroker.com though.

EMB offers the best suite of services available in the high risk payment processing industry available today. The simple 3% chargeback rate ensures that an online pharmacy can maintain competitive and low-cost rates without being staggered by chargebacks. Coupled with EMB’s powerful Chargeback Shield program, pharmacies online are enabled to focus on business and not chargebacks.

The application process is easy and can be complete in as little as 48 hours, providing payment processing in a pinch. There are no application fees and VISA and MasterCard are not required. EMB’s secure payment gateway ensures that your merchant account is set up with total security by a professional team of experts.

EMB’s business model is structured on expertise, superior customer support, and a quick-and-painless approach to high risk merchant accounts. EMB received an ‘A’ rating from the Better Business Bureau and has been rated the top credit card processor by topcreditcardprocessors.com for four consecutive years. The track record of excellence gives pharmaceutical merchants peace of mind to know that their credit card payment processing is in the hands of experts.

If your online pharmacy needs a merchant today, eMerchantBroker.com is the answer. A fast application process without extra fees, no credit card requirements, and a straightforward policy on chargebacks makes EMB the nation’s leader in high risk processing. If you’re already online, or looking to open a digital retail department for your pharmacy contact us today.

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 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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