nutraceutical merchant account offshore merchants. Offshore Merchant Account – Documentation, Procedure & Advantages. nutraceutical merchant account offshore merchants

 
Offshore Merchant Account – Documentation, Procedure & Advantagesnutraceutical merchant account offshore merchants  A No Chargeback Merchant Account, also known as a "high-risk" merchant account, is a specialized payment processing solution designed to cater to businesses that face a higher risk of chargebacks

The supplement. an offshore merchant account is usually the best solution. This is a private code sent to MasterCard account holders’ mobile numbers or email addresses that provides additional security to every transaction. We get nutraceutical merchants approved when other processors decline. A subsidiary of Visa, Authorize. It serves as a list of blacklisted merchants and prevents them from opening a new merchant account from a different credit card processor than their previous institution. High Risk Merchant Account; Low Risk Merchant Account; Domestic Merchant Account; International/Offshore. It is a virtual representation of a physical shopping cart, where customers can add products they want to buy and keep track of their order before checkout. ACH Payment Processing is a service of the Automated Clearing House (ACH) network. We welcome all merchants and our high risk merchant account services are easy to operate. Offshore merchant accounts can be the golden ticket to taking your business to new heights. Costs associated with processing ACH transactions are considerably lower than standard processing of credit and debit cards. Free application with no obligation. For an instant quote on an Instabill nutraceutical merchant account, call us directly at 1-800-318-2713 or simply click the button to get started. nutra merchant account (5) Nutraceutical Merchant Account (5) offshore merchant accounts (11) Online Dating Merchant Account (1) Online Gaming Merchant Account (2) Online Gaming Merchant Accounts (3) p2p network payment processing (1) payment gateway (22) Payment Gateway Chargebacks (2) payment processing (57) payment. Give us a call now to began accepting credit cards. With our kratom credit card processing solution, it’s finally possible to accept payments for kratom vendors and cbd with a domestic U. Allied. Processing payments through acquiring banks in the regions where your customers live gives you a huge boost for card approvals. Presently, the question lies in how to choose the most effective, and secure payment gateway provider The cryptocurrency industry is quickly evolving, as well as the payment gateways sector is growing. Electronics. Menu and widgets When Instabill representatives are approached about a nutraceutical merchant account, we don’t mince words. Reach out to our payment processing. The final key difference is that high-risk merchant accounts typically require a longer application process than offshore merchant accounts. A Fresh Way to Get an Aromatherapy Merchant Account Breathing in essential oils can improve mental, physical, and spiritual. Nutraceutical businesses can be very profitable. To provide payment services for offshore hospitality merchant accounts, a payment services provider partners with different offshore acquiring banks, this may be due to the location of the merchant,. DigiPay’s expanded network of. We will send a notification once your referred merchant is successful. Examples of high risk merchants are telemarketing, adult and travel related industries. Features of ePay Global Payment Gateway Costa rica . Contact info@paynetsecure. Many times a high-risk payment processor will offer payment gateway solutions that can help merchants domestically and offshore to set up their merchant services. com. But that doesn’t mean offshore merchant processing is right for every business. A Terminated Merchant File is used by processing companies to screen merchant account applicants. Best for businesses that want a wide variety of terminals and POS systems. Flexible and Scalable Merchant Accounts; Chargeback Reduction Solutions; Set Up Your Nutraceutical Merchant Account Today. Our goal of offering low-cost merchant account services with the most advanced payment gateway software has fueled our success. It is a virtual representation of a physical shopping cart, where customers can add products they want to buy and keep track of their order before checkout. Nutraceuticals and supplements aren’t exactly “conventional”. Selling nutraceutical products can be a slippery slope, which is why we’re straightforward with banking guidelines and protocol. 3. Merchant service partners get 15% up to 50% of recurring revenue based on your successful referrals. From products that improve joint health to those that boost intestinal health, the global nutraceutical industry provides countless ways for people to stay nourished and healthy. Instabill, International Bank Services (IBS), Quadrapay, Leap payments are a few popular High Risk Merchant account processors offering Nutraceutical and Supplement. We specialize in both offshore & domestic high risk merchant accounts. 02 billion (2023). Multiple Payment Methods. Health experts attribute the nutraceutical boom to a rising health and fitness awareness in the region. Customer support: Instabill merchant account managers assist the merchants from the application process throughout the life of the partnership. Merchants are labeled high risk for certain reasons: A merchant might have imperfect or flawed credit history. Accept debit & credit cards. SMB Global: Best for Ultra High-Risk Merchants. These products include dietary supplements, weight-loss aids, colon cleansers, skin care products and anti-aging products. Canadian Merchant Account;Third Party Merchant Accounts - High Risk Merchant Accounts – amslv. Fast Approvals. Adult Industry. Skip to content BestPaymentProviders. ePay global is a professionally payment gateway provider in Costa rica, Which offers multiple payment options to enables merchants to accept payments online. High volume rates start at 2. Safe, Secure Processing with US Banks. North Palm Beach, Florida. Apply today. Apply Now. The subscription business may include tangible goods such as monthly magazine issues, subscription boxes, and health supplements, to name a few. We partner with 24 acquiring banks domestically and offshore, including UK and Europe, to settle your. According to Zion Market Research, global dietary supplements market was valued at USD 132. PaynetSecure specializes in high volume & high risk merchant services. These. Retail. Merchant Services. If you are looking for a high volume merchant account or having problems with ticket sizes, regardless of the risk, we can help. Nutraceuticals are considered a high-risk industry, which makes it more difficult to get merchant services at an affordable price. The types of businesses approved for merchant services can vary between the different merchant-acquiring banks. In e-commerce, a shopping cart is a software application that allows customers to select and purchase products or services from an online store. The MasterCard SecureCode is a 3D Secure program adopted by MasterCard for the security of its customers. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. The nutraceuticals industry can depend. Crypto payment gateway is. An offshore merchant account is a type of bank account specifically designed for businesses outside their home country. Domestic and international solutions. Depending on the business’ industry, the history of the business or its owner, these can affect a merchant requires a high-risk merchant account in order to operate. The agent gets commission for the time the merchant processed transactions, and the merchant is left trying to get their funds released and find a new home for their new joins and legacy rebills. So, what does it really mean to be Visa. If you have a Point of Sale (POS) terminal at your “brick and mortar” location, you’d be told to process payments through your POS terminal, using the “Print and Call” option where customers can call you with their credit. These can include manufacturers and retailers of private label supplements,vitamins, minerals, amino acids, herbs, and enzymes marketed in various forms: tablets. Our proprietary echeck payment platform is operated 100% by the firm. Tech Support. Accept payments any way customers want to pay you. Learn more about our solutions for Nutra merchants. ACH fees may vary depending on your payment processor, your account agreement, your transaction volume, and. And increase sales. Voted the #1 High Risk Merchant Services Provider in 2015, and 2016. There are a few merchant account providers that have a success rate of more than 90% when it comes to a new merchant account for High-Risk businesses. Customer Service. Yet few banks accept nutra accounts. When using an offshore merchant account, your acceptable chargeback ratio increases from below 2% to 3-4%. Call: 03 8592 0511 Call: +44 20 3670 1774 Given there are a lot of rules in the credit card processing industry these days, it may become difficult for legitimate nutraceutical and pharmaceutical sales companies to secure a functioning merchant account. Adding secure bank transfers as a payment method on your checkout page boosts profits with no risk of chargebacks. Online and mobile transactions, using either an ewallet or stored bank cards, are the newest. Settlements are deposited to your business bank account by the echeck payment processor via an ACH credit, in a similar. Merchant accounts Instabill can offer include: • Adult Merchant Account • Collection Agency Merchant Account • Credit Repair Merchant Account • Dating Merchant Account • E-Cigarette. Accept Payments Today. Proven, reliable payment processing services for CBD and hemp oil businesses. The fee is assessed for every transaction made with a credit or debit card. Possible tax breaks: Many high-risk businesses opt for offshore merchant accounts because of less tax restrictions in other countries. Our proprietary echeck payment platform is operated 100% by the firm. The accounts enable acceptance of payments from customers in the US and internationally. It works as legal consent to accept credit card payments online. Merchants won't be able to access the money in reserve until 180 days after the initial transaction. The Allied payment gateway has an industry-leading 99. Going offshore with us provides merchants with the means to grow their businesses. S. An eCommerce merchant account has two parts. $35/month. Add more than 80 alternative payment methods favored by international buyers & watch your sales grow. Tech Support. This means that applying without an expert to help you dramatically decreases your chances of ever getting approved. Offshore merchant account functions are similar to a regular merchant account, except it is opened with a foreign bank outside your native country. A merchant account is a business bank account that allows the movement of funds between issuing and acquiring banks to settle transactions made using credit and debit cards. S. supply company. Resources; Have any Questions? Call us at (800) 621 - 4893;. Ideal for businesses with a wired internet connection and a traditional storefront, these sales typically have the lowest fraud and chargeback risk and are therefore. The agent gets commission for the time the merchant processed transactions, and the merchant is left trying to get their funds released and find a new home for their new joins and legacy rebills. Here are the top 5 high risk merchants that are mostly likely to process high risk payments. based companies shouldn’t be treated like offshore merchants. Effective payment processing is. Advanced Subsea Services Ltd. According to Grand View Research, peptide sales are expected to peak at 48. This prohibition can be for several things, including the owner’s financials or credit background to the sales history, transaction types, or industry that the business operates within. Dive in!High volume merchant accounts are available domestically and internationally. Just ask us for the details. High risk merchants start processing and before they know it, the bank terminates them. Reach us directly at 1-800-318-2713. High Volume Merchants; Software and E-Book Merchants; Electronic Cigarettes. High risk merchants start processing and before they know it, the bank terminates them. Others use the accounts to process payments for only for telehealth services. Voted the #1 High Risk Merchant Services Provider in 2015, and 2016. Further projections have the U. With an emphasis on personal attention and customized solutions for “bricks-and-clicks” companies (i. merchant solution. This is because domestic banks need to do more due diligence on high-risk merchants in order to assess their risk level. Nutraceutical Merchant Accounts. Merchant Stronghold have its Head quartered in Clearwater, Florida. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. Specialized tobacco merchant accounts allow smoke shops higher volume limits and fewer restrictions than other payment processing solutions. US accounts take 3-7 days for approval. New broker business echeck accounts are easily approved and set up. Payment methods that can be used include credit cards, debit cards, ACH/eCheck, or gift cards. Complete Merchant Services for Psychics, Fortune Tellers and Horoscope Readers. Just apply online, and we'll take care of. These can include manufacturers and retailers of private label supplements,vitamins, minerals, amino acids, herbs, and enzymes marketed in various forms: tablets. Credit card processors assign merchants to one of two categories: high risk or low (normal) risk, based on a number of factors. Tech Support. We provide secure payment gateways (shopify, woocommerce, etc), ach & credit card processing. These supplements have experienced problems due to their use as a muscle-building steroids. Weight Loss Programs. S. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. Soar Payments: Best for. The nutraceuticals industry is booming in the United States, but how is it fairing around the world? In India the nutraceutical market is growing at a rate faster than in the U. Apply Now. Accept debit & credit cards. The thing is that merchants will lose their merchant accounts if chargeback rates are too high. Merchant Stronghold have its Head quartered in Clearwater, Florida. Nutraceutical businesses can be very profitable. With an echeck merchant account, electronic check payments are processed and cleared through the echeck gateway instead of the ACH network. Offshore accounts are a completely legal method for managing money in a more profitable sense. Supported industries: Adult services, CBD, online dating, vape sales. Many business owners in high-risk verticals make the mistake of thinking you can only have one merchant account per business. According to Grand View Research, peptide sales are expected to peak at 48. The MasterCard 3D Secure code is only for one-time use and is only. The supplement industry is booming with an ever-increasing demand for… Performance Card Service (PCS) is an adult payment processor with more than 20 years of experience helping adult content providers establish merchant accounts, manage chargebacks and deal with all other processing-related issues unique to this business. It also encompasses intangible goods such as subscription accounts that give clients. Establish more than one merchant. How to Avoid Having your Nutraceutical Merchant Account Closed & TMF? Moneck Payment Solutions. A credit card processing company needs a minimum of $50,000 capital on average. Nearly all payment gateways are designed to be safe and secure for customers entering. The company’s products include ACH processing, an online payment gateway, merchant cash advance, and a chargeback management system to help merchants dispute and resolve chargeback claims. Many of our high risk or hard to place merchants find these programs useful. In the fast paced world powered by technology, new health complications are surfacing everyday and leading to lifestyle. Reason #1: You’re a “High Risk” Business. Adding secure bank transfers on your checkout page as an alternative payment method boosts profits by eliminating the risk of chargebacks. netTo learn more about how to get a merchant account or to open multiple merchant accounts, speak with a live representative at 1-800-318-2713 today. Or Call: 800-993-6300. Securely accept cards payments. Here are some tips on how nutraceutical merchants acquire the payment processing needed to power business growth. Corepay: Best For Mail Order/Telephone Order Businesses. Credit Repair. Add alternative payment methods that drive more orders and accelerate sales. MNBS Payment Solutions 888-505-6956 · March 22, 2015 · · · March 22, 2015 · ·The bank-to-bank transfers no chargeback payment platform was designed specifically for ecommerce businesses, particularly those classified as high risk merchants. You need a dependable high risk merchant account provider for your nutraceutical merchant account. Our friendly and efficient customers work 24/7 to help your customers with any issues they may be facing. S. Integration: As merchants familiarize themselves with their new online gambling payment processing services, the payment processor will begin providing instructions on integrating their payment gateway into the merchant website or app. net. Complete our secure online application and. From merchant accounts and payment gateways to offshore incorporations and SSL certificates, we aim to be your one-stop shop for all your e-commerce needs. Offshore merchant accounts are proven to be the best. Offshore High Risk Merchant Account Providers. Due to frequent comparisons to nutraceutical companies, owners of cosmeceutical businesses need to be vigilant. This is because domestic banks need to do more due diligence on high-risk merchants in order to assess their risk level. The only person that really knows that you are doing anything is the computer. Nutraceutical merchants that are doing well have a high volume of sales, which naturally creates more opportunities for chargebacks, fraud, and other problems to occur. This implies the. com can provide an offshore merchant account for nutraceutical sellers and online pharmacies that do not sell illegal services, do not use. 3 billion in 2022, and is expected to grow at a CAGR of 8. Nutraceutical merchants require high volume processing capacity to accommodate growth. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. Best one-stop shop: First Card Payments. These businesses need a trusted company like PayKings to provide them with high risk credit card processing. Nutraceutical merchants are familiar with many of the problems and know that they will have high fees when applying for merchant. Increase orders. The cosmeceutical industry is growing. Call: +44 20 3670 1774. TranZlytics also offers advanced real-time reporting for faster and better use of CRM data. Are you looking for a Merchant Account to process payments for your online nutraceutical business? Merchant accounts for Nutraceutical businesses are not easy to get. What Merchants Say. e. In addition, Vector Payments can provide additional guidance to help companies to meet their requirements. These methods allow for automatic acceptance of legitimate orders, and provide the opportunity for manual review prior to accepting suspect orders. Accept credit card payments and monitor your processing with your nutraceutical merchant account. With high risk merchant accounts, the bank may use risk management strategies like a rolling reserve, to protect the bank and the merchant from potential losses. An offshore merchant account is a type of bank account specifically designed for businesses outside their home country. “So I could have been routing my payments. Merchants will also have to apply through the proper channels to receive. When asked how to accept credit card payments when being located outside of the US, many would tell you to use a PayPal account. Credit Repair. Credit Card Processing for Vitamins. High Risk Payment Gateways. S. There’s no need to look further than eMerchant Authority for those businesses that need an adult payment processor. based companies shouldn’t be treated like offshore merchants. Global nutraceuticals market size is expected to reach $302,306 million by 2022 making it one of the fastest growing industries. Accept Card Payments Quickly & Easily. While traditional banks view companies in this sector as high risk, with a nutraceutical. With online channel being the top outlet for sale of. Internet. Best for businesses that want a wide variety of terminals and POS systems. Apply for an international merchant account today. Level 1 PCI-DSS Secure European Payment Gateway. Whether at a gas station pump or in a retail store, card account information is acquired through swiping the black strip or dipping of the EMV chip card. The more ways customers can buy from you, the more sales you make. Card capture happens when a pending payment becomes complete as the business gives the go signal to. Once you’ve obtained your merchants services contract, you can now proceed with registering your credit card processing services with credit card issuers, such as MasterCard and Visa. You can call us on our toll free number 702-456-1116 or write to us at info@y8n. Once a nutra company is approved, payment processors set monthly processing limits for new businesses, typically between $25,000 and $50,000 per month, for the first three-to-six-months. com Domestic & International Nutraceutical Merchant Accounts. Many big merchant account providers refuse to process payments for this industry […] In Summary: The 8 Best Offshore Merchant Account Providers For Small Businesses. The merchant’s industry presents concerns, such as reputation, health. It provides credit card processing services for businesses of all sizes. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. MOTO. We provide merchant accounts for all types of nutra industry businesses, but specialize in merchant accounts for businesses that are considered “high risk,” or hard-to-place. Nutraceutical merchants often have trouble finding online credit card processing due to potentially high chargebacks and continuity billing models; most banks consider nutraceutical merchants too much of a risk. Adult Industry. The eMerchant Authority team will handle the onboarding process for the referred merchants—no need to follow up on your end. Other fees can significantly affect the total costs of the merchant account. Securely hosted, no SSL certificate needed. Fantasy Sports. This happened because the DEA in 2017 listed kratom as a “Drug of Concern” and most financial services companies cut ties with these businesses. Establish more than one merchant account. Herbal Products and Nutraceutical Merchant Account Nutraceutical products have become a much sought after industry as a one-time customers generally turns to a recurring customer. Offshore merchant accounts, on the other hand, are not subject. Our partner program rewards you with both short and long term capital that you can invest back into your business. Agreement with the nutraceutical supplier (if you are not a manufacturer); Valid ID copies for all company directors and owners. FREE Account Set-Up. High risk merchants start processing and before they know it, the bank terminates them. See full list on merchantnegotiators. Since popular payment systems such as PayPal don’t work with merchants labeled as “ high-risk merchants,” you might find it very hard to pick a company that caters to high. The agent gets commission for the time the merchant processed transactions, and the merchant is left trying to get their funds released and find a new home for their new joins and legacy rebills. We have solutions for practically any type of business regardless of size. 28 billion in 2019, according to Grand View Research. A high risk merchant account can provide you with the capability to create revenue utilizing your website or preferred eCommerce option. High risk products are products and services that are sold by merchants who operate within high-risk industries. Bank transfers are the safest online payment method available for nutra merchants. See Full List of Supported High Risk Industries Our online gambling merchant account fees are industry-competitive and affordable, and the application process is free. Offshore merchant accounts have fewer limitations and can be an excellent option for extremely high-risk businesses that might not have access to credit card payment processing otherwise. Weight Loss Programs. Having built a network of acquiring banks that work with high risk industries, Instabill offers affordable nutraceutical merchant accounts. Forex echeck processing solves your brokerage’s card payment processing problems. These risks include potential chargebacks, fraudulent transactions, and regulatory compliance issues. The Florida-based merchant account provider, Allied Payments is capable of serving most domestic high-risk business types. Minimum monthly processing to qualify for an account is $50K. This labeling has made applying for and approving a merchant account difficult. Collection Agencies. Other products and services considered high risk. A merchant account is a type of bank account that enables you to accept online payments. We have experts and technology to ensure that payment processing, customer service, fraud prevention, and chargeback disputes are easy to handle for our high-risk accounts. Load balancing through our adult payment gateway simplifies management while providing you with the processing capacity you need. The market is projected to reach USD 220. With an offshore merchant account, it’s easier to process credit card payments under major companies like Mastercard and Visa. We offer our vast array of skills and knowledge to help ensure that nutraceutical merchants and their. The technology in place within these adult merchant accounts ensures that fraudulent activities and chargebacks are kept to a bare minimum. While card transactions are quick, cards, ACH, echecks, and other payment methods take time to settle and. Accept credit card payments online hassle-free. eMerchantBroker. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. The global dietary supplements industry was estimated at $123. High volume merchant accounts are our specialty. Performance Card Service (PCS) specializes in high risk merchant accounts and other payment processing solutions. At PayDiverse, we understand the inner workings of the supplement industry and have worked hard to provide an appealing range of benefits to diet and supplement merchants that provide secure processing, chargeback protection, and fraud prevention. The merchant account provider will usually require a high-risk account to process these payments. Tip: The above factors would require nutraceutical companies to have a higher minimum security deposit for their merchant accounts. Many of our high risk or hard to place merchants find these programs useful. No Chargeback Payment Gateway for Travel Merchants; Nutraceutical Merchant Accounts; Online Dating. is western Canada's most innovative and resourceful commercial diving, personnel and R. When asked how to accept credit card payments when being located outside of the US, many would tell you to use a PayPal account. Fantasy Sports. High Transaction Volume. Fees that PayFasto will charge depend on factors like processing history, method of sales, destination countries, volume of sales, and products. E-commerce. Our Internet merchant account services provide businesses with the reliability and security to run smoothly and thrive over the Internet. This type of business is generally classified as high risk, making finding a reliable payment processor difficult. To determine the risk associated with your nutraceutical merchants, underwriters need to review the application files. Get started right now by contacting us online or giving our merchant services specialists a call at 844-661-0725. For instance, a provider who offers innovative payment processing reporting with their merchant accounts may be a plus for merchants who want to keep tabs on their payment performance. Canadian Merchant Account;Merchant accounts for nutraceuticals have been effective because of the different online payments supported. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. With these requirements in mind, businesses can qualify for a nutraceutical merchant account more quickly by working closely with their payment processor. Offshore merchant accounts are perfect for high risk industries such as multi-level marketing, nutraceuticals, financial services, tech support and many others. The adult sector is a lucrative billion-dollar industry that continues to evolve. Three Months Processing history showing a at least $50,000 per month is required to qualify for an adult merchant account. Merchant Uses of Payment Processing Services. Secure MOTO Processing Gateway Protects You. $20/month. Posted on March 27, 2018 April 28, 2023 by merchants. The merchant ID is used for a variety. As an applicant, expect to have your personal and business history thoroughly examined. A provider of high risk merchant services since 2001, Instabill is offering additional payment processing options for nutraceutical merchant accounts. At IPP, we provide Nutra merchants with the best premium high-risk nutraceutical merchant services, credit card processing, and merchant approval. It is often a bank or other financial institution that is a licensed member of a card issuer such as Visa or MasterCard. You will receive the monthly income 45 days. This type of merchant account allows businesses to accept credit and debit card payments from customers and process them. Along with the application, merchants will need to submit the following items to. We will assign you a merchant account manager who will help you from the application process to your final payout. One of the top reasons you may need an offshore account is because you’re a high-risk merchant. Boost sales from US shoppers up to 20% with ACH & echecks. The responsibility for revokes and returns is borne by the electronic check processor. Simply fill out the form below. 98% Approval Rating. Fast approvals. The MATCH list, also called the Terminated Merchant File (TMF), is a database containing a list of merchants whose payment processing accounts have been revoked by other payment processors and acquirers. An ACH merchant account allows businesses to receive. According to a recent article, topical treatments like creams and peels account for the majority of cosmeceuticals at about 30% of the market. Crypto Payment Processing/Crypto Merchant Accounts Merchants tips for accepting Cryptocurrency payment processing. Start with the Virtual Terminal and add a new integration method at any time. This feature opens up new markets and expands the customer base, driving sales growth for nutraceutical merchants. Attractive rates. Established in 1971,. Seminar Merchant Accounts Herbal Products and Nutraceutical Merchant Account Merchant. Many big merchant account providers refuse to process payments for this industry due to the legal ambiguities and potential for chargebacks. Merchant accounts for travel bus sinesses allow merchants to accept transactions, whether online, over the phone, or in person. Here is an overview of the process to set up a merchant account for online gaming: Research and choose a payment processor : Look for a payment processor that specializes in online gaming and has experience in dealing with the industry’s specific. Many offshore and high risk merchants use a high risk credit card processing service through an online merchant account that offers the same security but slightly higher transaction fees. 3 Strategic solutions for merchants operating one merchant account. In this article, we will outline some of the main features of a good offshore merchant account, and de-mystify some of. The payment processor manages the merchant account on behalf of the business, providing ongoing support and monthly reporting. Once the account is approved, your merchant identification number (MID) is assigned. This has led the banking industry to classify supplements and nutraceuticals as “high risk” sectors, which in turn requires a more thorough underwriting process before supplement merchants can open a merchant account. If you're looking for payment solutions that will positively impact your business, Zen Payments is ready to help. Canadian Merchant Account;An offshore merchant account allows you to accept and process payments with bank cards over the Internet in 2023. An offshore high-risk merchant account is required for merchants having international buyers or consumers to accept payments. ACCEPT PAYMENTS ONLINE. Offshore Nutraceutical Merchant Accounts (with payment processing history): Instabill requires 3-6 months of payment processing statements displaying your company name. This also allows long-distance purchases which increases your chance of a sale. Many high-risk payment processors require a merchant account reserve. The adult sector is a lucrative billion-dollar industry that continues to evolve. only low risk merchants, but most will also accept high risk merchants including travel, adult entertainment, gaming, nutraceuticals, dating etc. 95/month. First Name. Moonlight Payments Overview. Cheaper than card processing: A typical card transaction will cost a merchant around 3%, however, with eCheck, the cost. Selling nutraceutical products can be a slippery slope, which is why we’re straightforward with banking guidelines and protocol. It’s basically an eCommerce list that warns other financial. This method of accepting payments as a high-risk merchant can be done through a payment gateway. Medical Service. Collection Agencies.