The Importance of Dietary Supplements Legal Review

Jun 12, 2017

According to Zion Market Research, global dietary supplements market was valued at USD 132.8 billion in 2016. The market is projected to reach USD 220.3 billion in 2022, and is expected to grow at a CAGR of 8.8% between 2017 and 2022.

Health Supplements Market

Manufacturers of health products can end up with legal troubles if they deal with claims that don’t meet all the specified criteria or in any respect can be viewed as deceptive, false, or misleading.

The risks stem not only from the fact that FDA, FTC, and other government agencies can take enforcement action, or that the National Advertising Division (NAD) of the Better Business Bureau (BBB) or private plaintiffs can sue.

Dietary supplement legal review is called to analyze dietary supplement claims, labeling, and substantiation, that is the evidence required to make a health claim.

The mentioned tasks can vary in scope and cost, depending on a number of factors such as:

  • Amount of marketing content requiring review (online or in print)
  • Dietary supplement ingredients
  • Labels on the dietary supplement bottles and packages
  • Number of dietary supplements involved
  • Number and nature of claims being made for each supplement
  • Type of dietary supplement product

Credit Card processing for Your Health Supplements Business

When looking for a payment processor to get approved for credit card processing, you’ll see that many large merchant account providers aren’t willing to process nutraceuticals or supplements payments because of the murky legal status of certain supplements and the risk of chargebacks from dissatisfied buyers.

The good news is that reputable payment processors like emerchantbroker.com aren’t among the mentioned merchant account providers, and can get you a reliable and low-cost supplements merchant account without difficulty.

So if you’re dealing with health supplements and want to grow your business, consider applying to EMB, the nation’s #1 high risk payment processor. EMB is rated A+ by the BBB and has an A rating with Card Payment Options. EMB is named one of Inc. 500’s Fastest Growing Companies of 2016.

Emerchantbroker.com has significant experience working with merchants in the nutraceuticals and supplements industry, and has earned a reputation for fair pricing and quality customer service.

Let us help you get a Diet plan Program 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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