Online Vitamin-Supplement Businesses | Vitamin Supplement Merchant Account

Aug 28, 2014
imagesThanks 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

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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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