Why Focus on Fat-soluble NutraceuticalsWe at EMB know the trials and tribulations that those in the nutraceutical industry can face, and we will not judge or punish your company for it. Conclusion. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, in addition to our integration of chargeback and fraud prevention software, uniquely positions Soar Payments to provide “bad credit” merchants with stable, effective, long term credit card processing solutions. This surge has nurtured a thriving industry, where businesses must adopt robust merchant account processing systems to seamlessly accept credit cards and offer customers convenient payment choices. As paper check writing declines, ACH payments are on the rise. SeamlessChex can set your business up with a nutraceutical merchant account you can trust. The repercussion of these characteristics is that most, if not all, banks would look at your business with doubt and consider it a high-risk. cosmeceutical merchant accounts. net. Instabill’s new international banking solution includes many perks, such as: Solutions for startups; Free trials; Unlimited volume; Recurring billing; Rates for Nutraceutical MerchantsOffshore Merchant Account; CREDIT CARD PROCESSING; Solutions. eDataPay can set your business up with a nutraceutical merchant account you can trust. There is not a lot of merchant account product-specific. They do not control the GNF themselves. Learn the differences to keep your high risk merchant account up and running. Contact Information CompliancyStep 4: Sell your nutra. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. Outside of negative option billing, nutraceuticals is under scrutiny by low-risk banks. Fill out this form and a merchant services representative will be in touch! Get Started. 3, 2019 • 0 likes. But there’s also another industry that’s booming in Texas right now—nutraceuticals. Merchant Credit Card Processing Accounts. Free setup and zero upfront fees. Documents required getting a Merchant Account for Nutraceutical Business: Personal Documents: Driving License and Personal Bank Statements for the recent 3 monthsWe have the solutions. Wells Fargo on it’s own, operates purely as a banking institution – and most of their operation has nothing to do with First Data. Call us Contact. Check out our nutraceutical merchant accounts today and get your business finances in good health! Atlantech provides the best Merchant Accounts for Nutraceutical. S. Many herbal products are also referred to as nutraceuticals. Challenges that plague the supplement industry also put the owner's nutraceutical merchant account in danger of shut down. In our experience, cannabis businesses see an average ticket increase of about 17% when they implement card payment services. Free application with no obligation. COVID-19 changed cash for good. For instance, while there are other forms of nutraceuticals, some or many today consumers are likely to ask for fat-soluble nutraceutical supplements—unless they are after the vitamins in fat-soluble types like (B and C). With online businesses, this convention is the norm. 2) US Corporation. Our plans are intended to give you the ease that you want to run your. 15% with an added $. Many credit card processors simply try. Getting a merchant account involves: 1. Nutraceutical Merchant Accounts 2018. We offer award-winning fraud and chargeback protection and have strong relationships with over 40 banks who work with high-risk merchants both in the United States and offshore. Merchants find it very. Straightforward, simple set-up. A. This post will provide an in-depth review of why the nutraceutical industry is considered high-risk and a list of the best high-risk credit card. Factors such as fees, security, customer support, and compatibility with your business model must be. According to Grand View Research, peptide sales are expected to peak at 48. Home. Built-in virtual terminal. When using an offshore merchant account, your acceptable chargeback ratio increases from below 2% to 3-4%. Overcome the toughest of merchant challenges & disapprovals. Secure, dependable payment gateway. Acquiring banks, who pay interchange to the issuing banks, decide whether or not to pass. 5%. This allows the acquirer to offer payment services to their clients. A Nutraceutical Merchant Account allows business owners to accept credit card payments for the high risk nutraceutical industry. Furthermore, there have been incidents of businesses selling CBD using merchant accounts to sell products with THC much higher than the 0. Contact us already today if you are interested in getting nutraceutical merchant account by clicking on “Get a quote. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. There are many companies out there in the market providing Nutra payment gateway and nutraceutical merchant account. A payment facilitator is responsible for a number of tasks. WHY CHOOSE US; Choose your Industry. Due to the chance for legal action in such a loose and unregulated market, th. Its expertise helps merchants in getting a well-suited payment processing service to the. Atlantech provides the best Merchant Accounts for Nutraceutical. top of page. 75 on your $500 auction when you put the fees together. Nutraceutical Merchant Accounts; Tech Support; High Risk Merchant Accounts; Low Cost Credit Card Processing; CBD Merchant Accounts. We provide a variety of payment methods, including high risk credit card processing, ACH, high risk echeck processing, and ecommerce bank transfers. Nutraceutical Merchant Account; Merchant Account for Tech Support;. Home. Learn how to reduce the risks. Kelly Bissell. We will provide an. ARE YOU IN NEED OF SUPPLEMENTAL CREDIT CARD PROCESSING FOR YOUR. 2371 or 50 U. According to statistics from NACHA, 24 billion payments were made via an ACH payment in 2015. A merchant account is a type of bank account that enables businesses to accept and process digital payments, such as credit and debit card transactions. Due to lack of health regularization by the government, Nutraceuticals are tricky businesses to find merchant accounts. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. In certain situations, we can expedite the setup process in 1 business day. Why Join NMA? NMA Member Benefits; From Our MembersFollow these five simple strategies to get you in the best shape to get the supplement company merchant services you need. How to Avoid Having your Nutraceutical Merchant Account Closed & TMF? Moneck Payment Solutions. As previously mentioned, some common billing methods, such as continuity building, is risky. The nutraceutical industry — or nutra industry — has seen huge growth over the last 10 years. There are two main reasons for this. com Has your nutraceutical company been denied a merchant account by a bank? TailoredPay can help. Copy of call center agreement. Nutra products range from oral supplements to teas, tinctures and salves. Many high risk merchant account providers use the same acquiring banks. This is because of strict guidelines for processing credit card payments that go beyond the requirements of most other industries. Quick & Easy Merchant Account Setup! Contact our nutraceutical team. To get approved for a nutraceutical merchant account in 48 hours click below or call 1-800. Nutraceutical Merchant Accounts and how to aquire them. Stripe is used by more than 200,000 businesses around the world to accept payments on the web and mobile. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. Simplify transactions with our cutting-edge method. ePay Global is a trusted name in the market for providing a high-risk payment gateway for the all types of business, with specialization in Nutraceutical Merchant Account. Benefits Of A Specialized Merchant Account For Nutraceuticals. A bank letter or a pre-printed voided check; 3 months of the most recent bank statements; 3 months of the most recent processing statements, if applicable;Call us Toll Free (866) 509-7199. No problem! Talk to a SeamlessChex representative today to see if a nutraceutical merchant account is right for you! Nutraceutical Merchant Account Solutions Made. Donations and offline payments can be accepted through a merchant account using a hand-held credit card reader. under a license issued by a jurisdiction whose government has been identified by the U. Nutraceutical businesses can be very profitable. Get the processing capacity you need to manage & grow. M&M Merchant Card Services Inc. It allows them to target types of merchants—particularly smaller merchants—that they may not otherwise have supported, expanding and broadening their merchant base. For the CBD and cannabis industry, ACH and eCheck payment processing offer secure and reliable alternatives to traditional payment options. Nutraceutical Merchant Account and Payment Processing Solutions Protect your nutraceutical business from exorbitant bank holds and reserves. Nutraceutical businesses can get fast approvals for high risk payment solutions with Revitpay. The settlement banks are our clearing banks and are members of MasterCard and Visa associations. Let your experts show you how to obatin a high risk Nutraceutical merchant acount, lower the number of possible chargebacks you will incur, and also prevent unnecessary fraud. Accept credit card payments online hassle-free. Due to lack of health regularization by the government, Nutraceuticals are tricky businesses to find merchant accounts. Discover an ingenious payment processing solution for SARMS- PEPTIDES. Victoria, BC V8W 3G3. 3D SECURE; RECURRING BILLING; ACH PAYMENT PROCESSING SOLUTIONS; LEVEL 2 & 3 CREDIT CARD PROCESSING; Partnerships. Navigating FTC Compliance and Avoiding Legal Pitfalls in the Supplement Industry. Check out our nutraceutical merchant accounts. The debt collection agency industry is one that grossed over $10. Apply for a high-risk merchant account! The Nutraceutical industry is classified as higher-risk, making some businesses ineligible for merchant accounts at some sponsoring banks. Before diving headfirst into the application process, assess your business needs. Most banks in the world dread dealing with nutraceutical industry. With a supplement/nutraceutical merchant account from BankCard USA, you don’t have to settle for exorbitant processing rates, hidden fees and slow equipment. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today!. Subscription Merchant Accounts. Department of State as a sponsor of international terrorism under 22 U. Why is it so? They deal directly with the trusted banks. In our experience, cannabis businesses see an average ticket increase of about 17% when they implement card payment services. Executed eSigned Merchant Agreement. A virtual terminal connects to a secure payment processing gateway. If the bank. Recurring Payment Support. 2 billion in acquired debt, and these numbers just continue to grow with every passing year (approximately 15% each year since). Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. It also includes other transactions such as refunds, rebills, and chargebacks between you, your acquiring and issuing bank, and your customers. The industry is largely unregulated in the United States and is considered high-risk. A provider of high risk merchant services since 2001, Instabill is offering additional payment processing options for nutraceutical merchant accounts. Chargebacks: The 411. Additionally, they are responsible for the collection of taxes and fees associated with the transactions. The financial institution that gives a credit card account to your customer, the cardholder. Embrace efficiency and ease!Pricing for Vape Merchant Accounts. Merchant Uses of Payment Processing Services. They are the equivalent of direct deposit and direct debit in your bank account. Our all-in-one merchant accounts include affordable e-Check/Credit Card processing, debit and ACH processing, a payment gateway, and chargeback protection. 5% plus 15 cents for manually keyed transactions. A nutraceutical merchant is one who sells a pharmaceutical alternative that promises physiological benefits. Apply for a nutraceutical merchant account. As a high-risk specialist, EMB has years of experience in helping merchants other providers consider “too risky”, and. The difficulty in getting account authorization with many banks for high-risk nutraceutical merchants in this sector forces them to look for a high-risk credit card processor. Nutraceutical products are increasingly becoming more and more popular all over the world. 5% equals $8. Luckily, PayMystic’s expanded network of banking relationships accepts. Experian estimates that 30% of Americans have poor or bad credit, according to the company’s 2015 Vantage Score 3. We carefully combine high-quality services with low prices to further our goal of becoming the leading high-risk merchant account provider in the country. An R20 non-transaction account offers users a range of tax benefits. S. C. Banks & ACH Processing. Easy Pay Direct. Without a mer. . Furthermore, people with scores between 300 and 600 are most likely denied access to good lending opportunities due to their low score status. Nutraceutical businesses are classified. NACHA released its report for Q4 2011 ACH transactions. With a Nutraceutical Merchant Account from Patriot Bankcard, nutraceutical merchants are instantly able to process Visa and MasterCard transactions for their online Nutraceutical Merchant business. In fact, our low rate guarantee ensures you’re getting. For card-not-present e-commerce sales, FANF fees are structured according to the following chart: Tier Level. com. Domestic & International Nutraceutical Merchant Accounts. Nutra products range from oral supplements to teas, tinctures and salves. This type of credit card processing for nonprofits generally carries a transaction fee amounting to 2. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. Step 3: Acquiring Bank Routes the Transaction. A Terminated Merchant File is used by processing companies to screen merchant account applicants. The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. A processor connects to the merchant on behalf of an acquirer via. Luckily, PaymentCloud isn’t like that. This is based on a small business with a physical office location. With access to hundreds of US and international banks, all payments are covered. In addition, we can set up alternative payment methods such as ACH payments and E-checks. Merchants experience resistance to tobacco credit card processing during card-not-present (CNP) transactions. The global outlook for nootropics is also impressive, with a 17. 1-888-909-HEMP. 6 billion by 2017. Get Payment specializes in offering high risk nutraceutical merchant accounts, tailored to meet the unique needs of businesses in this industry. Our nutraceutical. Services. Due to the risks and a high number of chargebacks, banks and financial institutes do not support with merchant account service to the nutraceutical merchants. The nutraceutical business is booming, and every year brings new products. The broker also negotiates the terms and fees of the funding. 3. Letter from bank. S. To save yourself and your business a headache, you need to locate a high risk merchant account processor. Simply fill out the form below. These banks offer merchant accounts to companies they consider safe bets. The majority ofnutraceutical businesses spend their 1stfew months determining fulfillment, their ad bidding strategy, and other. Gather the required information before beginning the application process for your nutraceutical merchant account: Banking Information: Personal and business banking account information along with statements (up to 3 months) may be requested. As a merchant, your best chance of opening a Nutra merchant account is dealing with a high-risk payment processing provider for your payment processing services. Looking for a bank on your own is a lost cause. This alert system helps keep. An acquiring bank, also known as an acquirer, is a third party that offers a merchant account to a business for the purpose of accepting payments. See full list on merchantnegotiators. To increase your chances of approval, ensure the following documents are in order before filling out an application and submitting it to underwriting. Most credit card processors are unable to. This has created a significant demand for online credit card sales and nutraceutical merchant account services. All Nutraceutical Merchants welcome. Durango Merchant Services, on the other hand, has offered solutions for the telemedicine industry for many years. Money sent today is received today. 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. Nutraceutical Merchant Accounts. For more information, visit the PaymentCloud website or call (888) 506-7859. S. Account closure can lead to a negative track record, meaning fewer banks will accept future merchant account applications. Nutraceuticals Payment processing for Nutraceuticals Nutraceutical merchants online credit card processing solutions from a reliable nutraceutical merchant account. $250 times 3. com is a registered ISO/MSP of BMO Harris Bank, N. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Phone Number. As banks vary their risk appetites and credit policies, it’s becoming increasingly difficult to find banking partners that are willing to deal with nutraceutical companies not to mention start-ups with little to no. Gunbroker will charge you a 3% fee on the second $250 of that sale. Understand Your Business Needs. 3% rate as required by the federal government for sale. A retail nutra merchant account allows your business to accept face-to-face credit and debit card payments via a credit card machine or point of sale system. Get started with Zen Payments. It depends on the type of business the merchant operates. ACH Payments on the Rise. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. 9% CAGR and an estimated $5 billion USD growth between 2016 and 2024 (up to $6. More Payment Options Equal More Profits Payment alternatives such as secure vault payments and electronic checks account for 30% of all internet purchases. government regulates nutraceutical businesses, which means these. Merchant Account for Nutraceutical Products : In the event, if you are included in Nutraceutical deals, as you know that it can be hard to acquire merchant services for Nutra product sales. PCI compliance fulfillment, including complementary vulnerability scanning for ecommerce and IP-connected terminal merchants. 2. Call you today to discuss our high risk ach processing programs. First Name. This is where the Nutra merchant account comes into work. How to open a nutraceutical merchant account in 2019. 3) US Signer – Typically a US resident with >50% ownership is the signer but LLCs can be “Manager-Managed”. It was founded in 2009 by brothers Patrick and John Collison, who were only 19 and 21 at the. Nonetheless, experienced payment companies. But, understandably, they make. This replaced the old rates where the same payment would have cost $4. When Instabill representatives are approached about a nutraceutical merchant account, we don’t mince words. Why are Nutra Accounts considered High Risk? Many different terms and definitions are used in different countries, which can result in confusion. For banks, deciding to sponsor payment facilitators (often called Payfacs) is a balance of risks and rewards. The final step in your custom nutraceutical supplement business is to begin processing payments on your site. We provide online payment processing for high risk nutraceutical merchant accounts. Nutraceutical Merchant Account. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. A nutraceutical product is a purified or isolated item that must have the ability to combat chronic diseases or have a physiological benefit. Without a merchant account, you will not be able to accept payment via credit card or debit card. This is the only solution for succeeding in the NUTRA business. For example, new rates on utility payments would generate a flat $1. ACH Credits. South. So, when a nutraceutical company applies to a bank for a merchant account to accept debit and credit transactions, it hits a wall. Benefits of a Kava Merchant Account Services. Most banks in the world dread dealing with nutraceutical industry because of its high risk. S. A high-risk merchant account is one that works with businesses with a higher risk of chargebacks, fraud, or failure. The agent gathered the information and promised to call me back after researching my questions. Check out our first-hand insights and list of. A high-risk merchant account is a type of payment processing solution designed for businesses operating in industries deemed high-risk by acquiring banks. Take Advantage of our Net 30 Account to help you grow your business credit. The first step is to choose a processor that offers payment processing services tailored explicitly for supplement businesses, like Vector Payments. QuadraPay’s specialized Nutraceuticals Merchant Account is designed to help nutraceutical companies avoid. 0 data. Your customers need an integrated and secure payment gateway to purchase their supplements. A high-risk merchant account will accept the risk and allow you to process credit cards. 00 USD. An EMerchant Authority nutraceutical merchant account allows you to accept all credit cards, meaning you can sell your nutraceutical products to customers from all over the world. Without a merchant account, these businesses have no way to accept credit and debit card transactions. This includes the sale of Supplements, Vitamins, Herbs, and other Nutraceuticals, that may be considered High-Risk by some payment processors. An ACH merchant account allows. . The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, combined with our integration of fraud and chargeback fighting technology, uniquely positions Soar Payments to provide low cost reliable merchant accounts for doc prep related businesses. Health experts attribute the nutraceutical boom to a rising health and fitness awareness in the. High Risk Nutraceuticals Merchant Account. Here are the main benefits to you. The company is partnered with multiple acquiring banks, which allows it to offer flexible. Nutraceutical merchant account –. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. . 2371 or 50 U. Our specially. Further projections have the U. Magazine subscription payment processing is often subject to high levels of chargebacks and fraud, and as a result, can raise red flags with sponsor banks. If you have multiple accounts with the same acquiring bank, your processing is at risk if the bank decides it will no longer process for nutra merchants. The nutraceutical business is prone to chargebacks for an assortment of reasons, causing merchant accounts for Nutra organizations to be viewed as high risk by banks and regulatory bodies. com; About Us; What We Do; FAQ; Blog; Partners; Rates; Contact; Application;. If you've been declined by traditional banks, we know the frustration and can help overcome those hurdles and sign you up for a merchant account in as little as 72 hours. 2371 or 50 U. Just apply online, and we'll take care of. Apply for a high-risk merchant account!The Nutraceutical industry is classified as higher-risk, making some businesses ineligible for merchant accounts at some sponsoring banks. Nutraceutical businesses come under the category of high risk. We offer a fee structure that is 25% less than the competition and we get those fee reductions for most of our high-risk nutraceutical merchant accounts. 6 billion by 2017. Stripe is a payment processing platform that allows you to accept credit cards, debit cards, and other forms of electronic payment. Retail Payments. With high chargebacks and continuity billing, some banks consider nutraceutical merchants too high of a risk. We current service and support over 250,000 merchants and 3,500 Banks and Credit Unions since 1960: - Credit/Debit Card Payment Processing & POS Equipment - Electronic Check and ACH Payment. . 06 billion (2018) to $49. These limits are typically between $25,000 and $100,000 per month. While SARMs merchant processing can be hard to find occasionally with some banks, the Allied Payments team has. Apply and get approved! No problem! Talk to a SeamlessChex representative today to see if a nutraceutical merchant account is right for you! Nutraceutical Merchant Account Solutions Made Simple Here’s how our reliable and specialized payment processing solutions can give your business the confidence to scale quickly: 25+ Acquiring Banks to Choose From Apply for a Nutraceutical Merchant Account to Accept Credit Cards. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. In every transaction that occurs in your account, your merchant ID number is used. You have to meet your customer’s expectations by providing a way for them to pay via a debit or credit card. If your bank is unwilling to accept the risk associated with your industry, you will need a high-risk merchant account. (250) 356-4544. Other benefits that accrue to businesses that choose nutraceutical. In fact, it is not uncommon for a nutraceutical merchant to have a chargeback ratio in excess of 2%. 6 billion by 2017. 4% + 0. Affordable Access To Merchant Accounts For Nutraceutical Businesses High Risk Solutions designs customized merchant account solutions for this industry niche. From account management software and CRMs to accounting applications, we can link into them all with just a click of a button. And since every crypto payment is tracked, dispensaries can comply with regulations. We offer our vast array of skills and knowledge to help ensure that nutraceutical merchants and their. High-Risk Gateways is in the market for a long time providing service to high-risk merchants. That said, this will severely limit your ability to accept online. Home; Merchant Services. These businesses are often rejected by standard merchant accounts because of the risk to banks. Therefore, a high risk merchant account is required for these retailers to accept credit & debit cards. 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. The Best High-Risk Merchant Accounts of 2023. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. At UniBul, we give you a nutraceutical merchant account with: Fast application approvals. 2. It’s basically an eCommerce list that warns other financial institutions. A merchant account is a type of bank account that enables businesses to accept and process digital payments, such as credit and debit card transactions. The nutraceuticals marketplace is projected to hit over. Protect your nutraceutical business from exorbitant bank holds and reserves. 2834: Pharmaceutical Preparations. It is a privately held clearing house owned by less than 50 banks. To get a nutraceutical merchant account, an online application is the quickest way to an approval. Industries. Visit Website. 75. This type of account is essential to accept credit and debit card payments, and that is why nutraceutical merchants need to find another solution to open a merchant account. Nutraceutical merchants often face difficulties finding reliable payment solutions. Get approved for your own MID (Merchant ID) 4. WHERE THE BANKS COME TO YOU. The label “ high risk A merchant that is considered a high risk based upon the credit,. The American Clearing House (ACH) offers a type of payment that is 100% electronic but does not involve a credit or debit card. However, it is crucial to partner with a. C. In fact, the business is expected to reach a remarkable $671 billion in global revenue by 2024. What Are Nutraceutical Merchant Accounts? A nutraceutical merchant account is required to accept and process card payments. under a license issued by a jurisdiction whose government has been identified by the U. An offshore merchant account allows you to accept and process payments with bank cards over the Internet in 2023. Domestic and international solutions with no contracts, low rates and next day funding. Completed Cannabis Merchant Account Pre Application. 2405(j), (iii) located in or operating under a license issued by a jurisdiction. You’ll need to send the following with your application: Three months’ worth of your most recent processing statements from your previous or existing provider (if applicable) Your chargeback ratio must be below 2. Sponsor banks are responsible for ensuring their partners have strong compliance programs in place, including a. Published on January 30, 2022. TouchSuite ® Offers Efficient Merchant Services And Payment Processing For Your Nutraceutical Company. 65%, Visa will request an investigation into the cause and that an action plan be developed. High volume Nutra merchant accounts are our specialty. Making an application for a High-Risk Merchant Account. Dating Merchant Accounts. All There Is to Know About Getting a Nutraceutical Merchant Account. We at EMB, or eMerchantBroker. The reason is that more and more people are looking into natural cures for their ailments. Nutraceutical businesses is a business that falls into the “high risk” category as assessed by processing banks. It takes just a few minutes to complete. It seems bankers and merchant-account providers do not like the dietary-supplement industry. See Full List of Supported High Risk Industries This is because credit card processors only accept businesses that their sponsor banks permit in their underwriting instructions. Get a secure Nutraceutical Merchant Account with QuadraPay. Nutraceutical merchants can get their own account by choosing a merchant account. Nutraceuticals products are fortified food products that supplement diets with nutrients as well treat or prevent diseases. Diversify jurisdictions. These banks are registered with specific card associations, like Visa, Mastercard, or American Express. That said, most high-risk payment processors will only approve merchant. S. eDataPay can set your business up with a nutraceutical merchant account you can trust. The #1 rated high risk merchant account provider. Has your nutraceutical company been denied a merchant account by a bank? TailoredPay can help. 9 million transactions, compared to 641.