The Next Best Thing: The Vitamin Supplement Business

Dec 22, 2014

Are you looking for the next great investment? The vitamin supplement business is booming. Millions of people are searching for fast and effective ways to lose weight and stay in shape. Last year, Americans spent over $60 billion on weight loss programs, vitamins, and supplements. This year, health experts predict an increase in weight loss supplement sales as more and more consumers use the internet and mobile applications to make quick, discreet purchases. Now is the time for progressive entrepreneurs to invest in the online distribution of vitamin supplements.

E-commerce spending from home and work has increased from $15.5 billion to $17.5 billion this holiday season, with the majority of e-commerce spending being charged to debit and credit payment cards. This is extremely good news for payment processors and merchant acquirers. For individuals in the vitamin supplement markets, this trend means more dollars and a never ending supply of customers to satisfy.

Vitamin supplement use has quickly been integrated into American society. According to CNN, over half of adults in the United States use vitamins supplements like multivitamins, minerals, and herbs. The most popular supplements are multivitamins, used by 39% of adults in 2006. The most sought after nutrients are calcium, Vitamin D, and folic acid. But this industry is not comprised of just young people trying to get ripped, it is composed greatly of older Americans searching for ways to get essential vitamins not found in their diets.

Almost 61% of women over the age of 60 now take calcium supplements, and 56% of women in the same age group take vitamin D supplements. Even though the vitamin supplement industry makes billions of dollars a year, vitamin supplements are still not regulated by the U.S. Food and Drug Administration. As a result, traditional payment processors are hesitant to create and manage vitamin supplement merchant accounts.

eMerchantBroker.com will help create your low hassle vitamin supplement merchant account, that will give your customers the convenience of online payment processing.

Let us help you get a high risk 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 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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