HIGH RISK MERCHANT ACCOUNT
NUTRACEUTICALS
Concerns regarding the adverse side effects and addictive properties of many pharmaceuticals have led certain consumers to explore nutraceuticals as an alternative to conventional treatments. These substances, derived from food sources, offer a range of potential health benefits, including protection against chronic diseases, slowing the aging process, and enhancing life expectancy.
The nutraceutical industry, often referred to as the "nutra" industry, generates an annual revenue of nearly $220 billion as of 2021 and is projected to exceed $240 billion by 2025.
However, nutraceutical businesses frequently encounter challenges in securing online credit card processing and a dependable nutraceutical merchant account. This difficulty arises due to the potential for high chargebacks and the use of continuity billing models, making traditional banks hesitant to engage in nutraceutical payment processing due to perceived risks.
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PROVIDING MERCHANT ACCOUNTS FOR ALL NUTRACEUTICAL BUSINESSES
VITAMINS
MINERALS
SUPPLEMENTS
BOTANICALS
HERBAL PRODUCTS
ESSENTIAL OILS
MALE ENHANCEMENT
FEMALE ENHANCEMENT
TEAS
NOOTROPICS
SKIN PRODUCTS
DIGESTION
OILS
DIETARY FIBER
PROTEIN
CAROTENOIDS
STRUCTURE PAYMENTS ARE EXPERTS AT NUTRACEUTICAL BUSINESSES
Nutraceutical businesses often find it beneficial to partner with high-risk credit card processors due to several key reasons:
Regulatory Complexity: The nutraceutical industry is subject to strict regulatory requirements, including those related to product labeling, health claims, and ingredient safety. High-risk credit card processors specialize in navigating these complexities, ensuring that nutraceutical businesses remain compliant with industry regulations and standards.
High Chargeback Rates: Nutraceutical products may be more prone to chargebacks due to factors such as customer dissatisfaction, product effectiveness claims, or billing disputes. High-risk credit card processors offer advanced fraud detection and chargeback mitigation tools to help nutraceutical businesses minimize financial losses from chargebacks.
International Sales: Many nutraceutical businesses operate on a global scale, selling products to customers in different countries. High-risk credit card processors provide support for international payments, including multi-currency processing, cross-border transaction facilitation, and compliance with international regulations, enabling nutraceutical businesses to reach a broader market.
Customized Payment Solutions: High-risk credit card processors offer tailored payment processing solutions designed specifically for nutraceutical businesses. This includes features such as subscription billing for recurring orders, installment payment options, and secure payment gateways optimized for online sales of nutraceutical products.
Risk Management: Nutraceutical businesses face risks related to product quality, ingredient sourcing, and health claims. High-risk credit card processors implement robust risk management strategies, including fraud prevention measures, identity verification tools, and transaction monitoring, to safeguard against fraudulent activity and protect customer data.
Reputation Management: Partnering with a reputable high-risk credit card processor can enhance the reputation and credibility of nutraceutical businesses. By demonstrating a commitment to secure and transparent payment processing practices, businesses can build trust with customers and stakeholders, leading to increased brand loyalty and customer retention.
In summary, nutraceutical businesses benefit from using high-risk credit card processors to navigate regulatory complexities, mitigate chargeback risks, support international sales, offer customized payment solutions, manage risks effectively, and enhance their reputation within the industry.
GROW YOUR NETRACEUTICAL BUSINESS
Structure Payments stands as the premier choice for merchant services within the nutraceutical and supplement industry. Our focus lies in delivering enduring merchant accounts, ensuring our clients can expand their businesses without concerns about frozen funds. It's crucial to partner with a company well-versed in handling diverse forms of industry compliance and standards.
With many years of professional experience, we bring a wealth of knowledge and expertise that instills confidence and fosters success for our merchants. Featuring chargeback protection, a robust underwriting process, and exceptionally low rates, Structure Payments solidifies its position as the top provider for nutraceutical merchant accounts.
STRUCTURE PAYMENTS ENABLES SUCCESS
Structure Payments excels in assisting businesses like yours in overcoming payment processing challenges. Our specialization lies in providing customized merchant accounts specifically designed for nutraceutical businesses and services, aligning seamlessly with your business goals. With years of experience, we have devoted ourselves to supporting high-risk companies in diverse nutraceutical industries, enhancing customer service, and helping them secure a competitive edge, thus driving their success.
Sign up today and within 2 days start processing more for your business using our proven team, tools, and merchant account expertise.
NUTRACEUTICAL BUSINESSESS CHOOSE STRUCTURE PAYMENTS
Structure Payments comprehends the distinct requirements of various businesses related to nutraceuticals and has cultivated relationships with many acquiring banks, positioning ourselves as specialists in facilitating online payment acceptance for nutraceutical companies.
HOW STRUCTURE PAYMENTS HELP YOU GET AND KEEP YOUR MERCHANT ACCOUNT
PRODUCT REVIEWS
Review products with our experienced underwriters to ascertain risk of chargebacks. Our professionals know the industry because of the millions of transactions we perform for the Nutraceutical industry. We can help guide you in your product offerings to provide the most successful nutraceutical solutions for your customers.
CUSTOMER SERVICE
Provide amazing customer service to your customers. This includes detailed information on the products, ingredients, remedies, expected outcomes, quality control, origin, and studies. Respond to customers quickly, professionally and offer free refunds if necessary.
COMMUNICATIONS
Make sure your systems process the payments and sends clear receipts, time to delivery, and tracking information. Structure Payments' advance technology can help automate this for your business.
SURVEYS
Send surveys to your customers on satisfaction of products, support, delivery, and communications. This increases customer engagement and statisfaction.
INCREASE TRANSACTIONS
By increasing your transaction counts then the ratio of chargebacks is less. Let Structure Payment help you grow large numbers of transactions per month.
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A high risk credit card processing professional will be in touch immediately.