Thanks to the promotion of TV doctors, vitamin and supplement sales are skyrocketing. It is the perfect time to get into the industry, as it can be very lucrative, without much effort. However, there are things that you need to know before opening an online vitamin-supplement business.
First off, make sure that what you are offering is the real deal, and not a sketchy knock-off. While generics are perfectly fine, make sure that they are coming from a reputable source. Or, to save time and inventory space, you could accept payment, and order from a reputable wholesale vendor, for the product to be “drop shipped” from the vendor to the customer. It is a common, often not talked about occurrence. Also, be sure not to post false claims about your offerings. Many companies and vendors are sued every year by the FDA because of these false claims. False claims can include “Rapid fat burning” and “Endorsed by…” and so on.
Also, be sure that you employ a merchant account provider who is comfortable handling your business. You must have a merchant account provider to conduct online business, as it is the only way to accept a high amount of plastic card payments. The catch is that most mainstream merchant account providers and banks will not take on vitamin-supplement merchant accounts. For this, you need a merchant account provider who specializes in these type of business, thanks to their higher risk of incurring fraudulent activity.
At EMB we believe that all businesses deserve success. We offer this to you in the form of a merchant account. We do not penalize you or your business for incurring fraudulent charges, or their chargebacks, as we know that it is just part of the business. We will work with you to help you minimize any risks, as well as help you inform your clients to any possible risks.
Contact EMB to set up your Vitamin Supplement Merchant Account