5% plus 15 cents for manually keyed transactions. Acquiring banks, who pay interchange to the issuing banks, decide whether or not to pass. . Our nutraceutical. Are you struggling to secure the payment processing solutions your nutraceutical business needs? Unfortunately, there are many industries whose merchants struggle to secure merchant accounts for their businesses – the nutraceutical industry is definitely among them. For the CBD and cannabis industry, ACH and eCheck payment processing offer secure and reliable alternatives to traditional payment options. Nutraceutical merchants often face difficulties finding reliable payment solutions. An offshore merchant account allows you to accept and process payments with bank cards over the Internet in 2023. Integration Help. The first step is to choose a processor that offers payment processing services tailored explicitly for supplement businesses, like Vector Payments. Nutra products range from oral supplements to teas, tinctures and salves. When you add secure online payments with bank transfers to your checkout page, you expand your sales, protect your customers, and increase your profits. All There Is to Know About Getting a Nutraceutical Merchant Account. These businesses need a trusted company like PayKings to provide them with high risk credit card processing. The Challenges of Nutraceutical Credit Card Processing. 6 billion by 2017. 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. This type of merchant account allows businesses to accept credit and debit card payments from customers and process them securely. Accept Payments Today. PayDiverse works closely alongside nutraceutical merchant accounts to avoid detrimental and unwarranted chargebacks, fraud and account closures. This isn’t just a struggle for someone new on. Nutraceuticals are tricky businesses to find merchant accounts for due to lack of health regularization by the government. As our staff at FintechMerchantAccounts conducted our research on the nutraceutical industry (” Nutra”) we found that it is estimated to grow to a staggering $671 billion by 2024 worldwide. As a growing industry, the demand for nutraceuticals and dietary supplements see no end in sight. The acquiring bank, or acquirer, is where the merchant keeps a merchant bank account. DigiPay knows how to navigate the high risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified nutraceutical. But. Get the processing capacity you need to manage & grow. Choosing an ideal payment gateway for your nutraceutical company whittles down the risks that come with processing. We are able to provide merchants with a traditional high-risk merchant account accept credit cards for terpenes. Its expertise helps merchants in getting a well-suited payment processing service to the. If processors and banks carefully manage the risk associated with RCC transactions, the potential for fraud can be somewhat reduced. Skip to content. When using an offshore merchant account, your acceptable chargeback ratio increases from below 2% to 3-4%. RBC Financial Group - Commercial Financial Services, V. Who is DigiPay Solutions? The processor of choice for the world’s leading nutraceutical companies, DigiPay Solutions has a global network of partner banks, payment experts and an elite portfolio of tailored solutions. 4 billion as of 2015, and is estimated to reach $204. Other benefits that accrue to businesses that choose nutraceutical. The good news is some PSPs are already partnering with acquiring banks that process high-risk companies. 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. Terms like “processing for free trial merchants,” “fraud prevention” and “lower chargebacks” may indicate that they are equipped to handle the special challenges that your industry. 855-562-ACH2; info@nationalach. eDataPay can set your business up with a nutraceutical merchant account you can trust. For credit card processors, the nutraceuticals industry presents both unique opportunities and challenges. co specializes in sourcing merchant accounts for difficult-to-place nutraceutical merchants. With access to hundreds of US and international banks, all payments are covered. Automating the. With high chargebacks and continuity billing, some banks consider nutraceutical merchants too high of a risk. Sponsor banks are responsible for ensuring their partners have strong compliance programs in place, including a. Best Merchant Accounts for Petroleum Stations January 24, 2023. So, traditional banks and most processors aren’t willing to work with them because of a number of reasons. Safe payment is made directly from the consumer’s bank which authenticates the buyer during the transaction and informs the merchant of authorization. Username: Password: Login. 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. Here’s a closer look at the nutraceutical industry, as well as the high-risk merchant A business that accepts credit cards for goods or services. And while they cater mainly to high risk merchants, their services are also available to lower risk businesses looking for trustworthy, seamless. National Merchants Association. For more information, visit the PaymentCloud website or call (888) 506-7859. Getting a merchant account involves: 1. This is the only solution for succeeding in the NUTRA business. S. under a license issued by a jurisdiction whose government has been identified by the U. Check out our first-hand insights and list of. One study showed the average value of a cash transaction was $22, compared to $112 for the average non-cash transaction in 2019. There are limited types of merchant accounts that are available in this space. 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. cosmeceutical merchant accounts. Nutraceutical merchant accounts, offered by specialized payment processors, utilize top-tier security. These businesses are often rejected by standard merchant accounts because of the risk to banks. 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. Nutraceutical products (commonly known as Nutra products) have formed a billion dollar market. As nootropic sales continue to rise, more and more sellers are finding themselves in the position of needing merchant accounts, in order to accept credit and debt card payments and ACH payment processing. It was founded in 2009 by brothers Patrick and John Collison, who were only 19 and 21 at the. 74. HSBC. This is because of strict guidelines for processing credit card payments that go beyond the requirements of most other industries. Contact Us. DigiPay knows how to navigate the high-risk nutraceutical payment processing space and has developed exclusive partnerships that allow for our qualified nutraceutical merchants. Learn the differences to keep your high risk merchant account up and running. It is often a bank or other financial institution that is a licensed member of a card issuer such as Visa or MasterCard. 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. While traditional banks view companies in this sector as high risk, with a nutraceutical. Credit card processing for wholesale and. A high-risk merchant account is a type of payment processing solution designed for businesses operating in industries deemed high-risk by acquiring banks. Traditional banks are not going to make it easy to open and maintain a merchant account for a nutraceutical business. 6 billion by 2017. 2371 or. Nutraceutical Merchant Account; Recurring Billing; Subscription and Membership Merchant Accounts;. Nutraceutical Merchant Accounts; Tech Support; High Risk Merchant Accounts; Low Cost Credit Card Processing; CBD Merchant Accounts. Simply refer your clients. Nutraceutical Merchant Accounts Ecommerce Merchant Account More. In fact, the business is expected to reach a remarkable $671 billion in global revenue by 2024. COVID-19 changed cash for good. 75. The supplement industry is booming with an ever-increasing demand for…Nutraceutical businesses are classified as high-risk, which makes them ineligible for merchant accounts at numerous sponsoring banks. An ACH (Automated Clearing House) merchant account is a type of bank account that enables businesses to accept electronic payments from their customers through the ACH network. Experian estimates that 30% of Americans have poor or bad credit, according to the company’s 2015 Vantage Score 3. Donations and offline payments can be accepted through a merchant account using a hand-held credit card reader. S. Like many other companies that are classified as “high risk” by lenders, nutraceutical companies have uphill battles when they seek nutraceutical company merchant accounts. A merchant account is what allows your business to process payments made by credit, debit, gift or rewards cards. Allied Synergy Group provides affordable, reliable nutraceutical merchant account solutions with fast approvals. Once a high-risk nutra merchant account is approved, payment processors set monthly processing limits. Accept payments from US and international customers quickly and easily with nutraceutical merchant accounts. Banks weigh the risks associated with a business. 9 million transactions, compared to 641. Health experts attribute the nutraceutical boom to a rising health and fitness awareness in the. So, the cost of ACH processing depends on the payment processor you use. It is the most crucial and identifying mark that sets your own merchant account from other accounts. 2 billion in acquired debt, and these numbers just continue to grow with every passing year (approximately 15% each year since). For example, new rates on utility payments would generate a flat $1. With access to hundreds of US and international banks, all payments are covered. A nutraceutical merchant account is a custom-made bank account for businesses in the nutra space. The agent gathered the information and promised to call me back after researching my questions. iPayTotal : Merchant Account Services . 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. Don’t let payment processing issues hold you back – contact QuadraPay today to learn more about their services and how they can help your nutraceutical business thrive. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. It is loose, and it is unregulated. Multi-bank and offshore payment processing. payment gateways, credit card processing, chargeback alerts & instant approvals. 95 – 4. Even if a traditional bank is willing to provide you with a merchant account, the fact that it considers your business to be high risk does not change. Selling nutraceuticals is an interesting business. 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. This type of billing results in excessive chargebacks from unsatisfied customers because. Take Advantage of our Net 30 Account to help you grow your business credit. A merchant broker is a financial intermediary that offers advice, consulting and brokering services to traditionally unsophisticated businesses looking to raise funds. Merchants who utilize negative option billing to sell physical goods, will be deemed “High Risk Merchant”. net. It is a privately held clearing house owned by less than 50 banks. 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 sponsor bank is a key component in the payment process, responsible for transmitting funds to the merchant A business that accepts credit cards for goods or services. Apply Now. com. Obtaining nutraceutical credit card processing is a challenge sellers face. But, RCC is still a risky business for banks and third party processors. Your customers need an integrated and secure payment gateway to purchase their supplements. At Fibonatix, we offer comprehensive nutraceutical merchant services that prioritize both the security of transactions and the convenience of your customers. If your bank is unwilling to accept the risk associated with your industry, you will need a high-risk merchant account. It also includes other transactions such as refunds, rebills, and chargebacks between you, your acquiring and issuing bank, and your customers. Added to the MRP – Mastercard Registration Program Acquiring banks has to include all merchants involved with negative option billing into the MRP to be compliant with the new rules. e-Cigarette Merchant Accounts. A debit transaction deducts payments from a customer’s bank account and automatically transfers the funds to the merchant’s account. In our experience, cannabis businesses see an average ticket increase of about 17% when they implement card payment services. Nutraceutical Credit Card Processing. Our extensive and durable relationships with credit card processors and sponsor banks help to more fruitfully underwrite heavily regulated industries like. Setting up a merchant account to process payments is the first step in enabling nutraceutical commerce. eChecks. 770-690-8369. 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. 2405(j), (iii) located in or operating under a license issued by a jurisdiction. Square’s current transaction fees for CBD payments range from 3. Best Nutraceutical Merchant Account Providers (2023) Best Merchant Accounts for Kratom (2023) Best Merchant Accounts for Online Gambling (2023). Embrace efficiency and ease!Pricing for Vape Merchant Accounts. Opting for a high-risk nutraceutical merchant account provides the assurance that you can operate your business without the risk of losing sales or potential customers. com is a registered ISO/MSP of BMO Harris Bank, N. Setting up a merchant account to process payments is the first step in enabling nutraceutical commerce. Let a business partner with the best credit history apply for the account; Fill up your bank account with a substantial amount of money;To obtain a merchant account for your collection agency, start by completing our online application. There is not a lot of merchant account product-specific. Domestic & International Nutraceutical Merchant Accounts. This includes the sale of Supplements, Vitamins, Herbs, and other Nutraceuticals, that may be considered High-Risk by some payment processors. 75 on your $500 auction when you put the fees together. Furthermore, there have been incidents of businesses selling CBD using merchant accounts to sell products with THC much higher than the 0. The nutraceutical industry, or “nutra” industry brings in a yearly revenue totaling roughly $181. 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. Fill out this form and a merchant services representative will be in touch! Get Started. The name “high risk” doesn’t really indicate unlawful or malicious activity; high risk basically implies that a merchant account needs extra. With a supplement and nutraceutical merchant account, accept credit cards online, in store or over the phone with next day funding. Nutra products range from oral supplements to teas, tinctures and salves. Consider establishing both. 325412: Pharmaceutical Preparation Manufacturing. To save yourself and your business a headache, you need to locate a high risk merchant account processor. 1. Langford Parkway Branch. Most of payment processing companies consider nutraceutical industry. While it is a thriving industry, the companies are considered high risk due to the chance for legal action in such a loose. Unfortunately, this high projection still does not ease the process of being approved for peptide merchant account services from banks. 3) US Signer – Typically a US resident with >50% ownership is the signer but LLCs can be “Manager-Managed”. Offshore e-Check/Credit Card Processing. 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. Check out our nutraceutical merchant accounts today and. A credit card processing company needs a minimum of $50,000 capital on average. Industries. Banks & Credit Card Processors Are Not Impressed. Selling nutraceutical products goes against the service policies of most traditional payment processors, leading to account closure once they discover your business type. Touchsuite is located in Boca Raton, FL and is a payment processing and point of sale company that specializes in merchant accounts, point of sale systems, Grubbrr self-ordering kiosks. Call Us: +1 (800) 530-2444. RCCs are used for a myriad of commercial purposes and by a variety of industries. I. Our partners and sponsor banks can provide your business with high risk merchant services for domestic and international businesses. In addition, we can set up alternative payment methods such as ACH payments and E-checks. It allows them to target types of merchants—particularly smaller merchants—that they may not otherwise have supported, expanding and broadening their merchant base. 1. Nutraceuticals Nutraceuticals With health and beauty dominating our youth-oriented culture, opportunities abound for companies that offer subscription nutraceuticals, vitamins and free trial/continuity memberships. High-risk Nutraceutical Merchant Account. . Kelly Bissell. . 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. In the fast paced world powered by technology, new health complications are surfacing everyday and leading to lifestyle. Online payment processing is not limited to debit and credit cards anymore. Contact us by phone or live chat for faster service. Choosing the right merchant account processing solution is a critical decision for businesses. 5 million for the same quarter. Visit our website and get to know more. Accounting for over $60billion in annual revenue, the nutraceutical market is expected to surpass $100billion by 2024. Easy Pay Direct. This includes processing payments, managing customer accounts, and ensuring that payments are securely conducted. The company establishes accounts using either the ACH network or Check 21 technology to process electronic check (echeck) transactions. S. ACH. “High risk” businesses include everything from car dealerships to e-cig vendors, and even merchant credit can have an impact. . 5% + 0. 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. These transactions are ideal because the customer is present at the time of sale. The bank assigns this number when a business applies for a merchant account with the processing service. 4 billion as of 2015, and is estimated to reach $204. Banks & ACH Processing. sales@intl-payments. and the processor A large data center that processes credit card transactions and settles funds to merchants. Nutraceutical Merchant Accounts. Safeguarding your nutraceuticals' digital sales with best practices for secure payment processing ensures trust and reliability for your customers from. This aids in ensuring that their product offerings adhere to the standards. 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. Every merchant has a different ID number, much like every individual has their tax ID number. and the processor A large data center that processes credit card transactions and settles funds to merchants. The best time to get nutraceutical merchant accounts is right now in 2020. 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. These banks have been known to freeze merchant accounts or even close them on occasion when chargeback ratios begin to raise, which leave merchants unable to process debit and credit card. Fortunately, it is possible to do so without hassle and worries because there are merchant account providers like HRMA-LLCHRMA-LLCNutraceuticals Industry in Texas Is Booming. Overview; Our Partners;. Learn how to reduce the risks. Luckily, PaymentCloud isn’t like that. Let’s say you sell a Sig Sauer P365 for $500. We at EMB, or eMerchantBroker. Because nutraceutical vendors are considered high risk merchants, accepting card payments can be a challenge; but not being able to accept these payment methods will almost certainly stifle the growth potential of the business and. Nutraceutical merchants often have trouble finding online credit card processing and a reliable nutraceutical merchant account, which seems ludicrous considering that nutraceutical industry, or “nutra” industry as a whole brings in a yearly revenue totaling $181. With high chargebacks, continuity billing and excessive friendly fraud cases, it is not surprising that nutraceutical merchant processing is considered higher risk for traditional banks and payment processors. Our check solutions offer fast ach deposits to your existing business checking account for quicker cash flow. These transactions require a bank account number and routing number to process. Understand Your Business Needs. Quick & Easy Merchant Account Setup! Contact our nutraceutical team. What Are Nutraceutical Merchant Accounts? A nutraceutical merchant account is required to accept and process card payments. Nutraceutical Merchant Account. All Nutraceutical Merchants welcome. The big tech companies are moving to Texas and there has been a lot of buzz about the Lone Star state being the next Silicon Valley. 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. Delivery. Offer processing services to your customers with an API integration to your platform. Get approved for a nootropic, supplement and nutraceutical merchant account. As a high-risk specialist, EMB has years of experience in helping merchants other providers consider “too risky”, and. 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. Even though there are no regulations against Nutraceuticals, big banks and traditional merchant services don't want to. App. Compare quotes from merchant providers who understand supplement & nutraceutical payments! Access 90% of UK's leading merchant acquiring banks. Soar Payments vaping & e-cig merchant accounts, either directly or via a payment gateway, are compatible and integrate with the following ecommerce, POS and marketing automation platforms: Shopify, WooCommerce, BigCommerce, Magento, Volusion, ClickFunnels, InfusionSoft, and OntraPort. Getting a merchant account involves: 1. Nutraceutical merchants are first on the list of high-risk merchants. Our Bank and Processor have worked within federal regulations to create the first traditional card processing solution for the industry. Typical reasons people purchase these products include. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801;. A start up mineral nutraceutical business needs the ability to accept payments for online sales. With access to scores of US and international banks, all payments are covered. How to Avoid Having your Nutraceutical Merchant Account Closed & TMF? Moneck Payment Solutions. C. These products are often vitamins, or mixtures of herbs that claim to assist with a desired outcome. Home;. Merchant Uses of Payment Processing Services. Tip: If your business runs on a continuity model, it’s best to sign up for a high-risk merchant account for seamless credit card transactions. With online businesses, this convention is the norm. The WAAVE Network has approval from leading US banks and major credit card companies to enable payments for Nutraceutical resellers. Here at Integral Pay, we have have a superior amount of knowledge on Nutraceutical Merchant Accounts and will work with our bank acquiring partners to give you the best. Bank transfers are the safest online payment method available for nutra merchants. 3. The payment gateway from Patriot Bankcard supports multi currency processing in over 160 currencies, including USD, GBP, and euros. We get nutraceutical merchants approved when other processors decline. 50 in interchange for a $200 transaction. C. These limits are typically between $25,000 and $100,000 per month. The pandemic has made many Americans realize the importance of investing in health, resulting in the nutraceuticals and the plant-based food revolution. Company. C. 15% with an added $. Retail tobacco shops can generally find payment processing for their business with ease. 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. Signature Payments is the #1 payments company in the industry of high risk vape and E-Cig merchant accounts. To get a high risk merchant account for your nutraceutical business, you need to apply to ahigh risk merchant services provider that has a bank sponsor relationship that’s willing to accept nutraceutical businesses. 2834: Pharmaceutical Preparations. The American nutraceutical market is expected to grow up to. Guaranteed CBD Merchant Accounts Approvals in 1 week. Nutraceuticals are hot-selling items that help people achieve specific health goals. Nutraceutical products are normally classified as high-risk. Once a high-risk nutra merchant account is approved, payment processors set monthly processing limits. High-Ticket Merchant Accounts. It is difficult to get a merchant account or payment solution for Nutraceutical businesses simply because of their high-risk nature. As a result, it is likely not possible to get a standard merchant account. Authorize. Learn the differences to keep your high risk merchant account up and running. This is true whether you sell digital goods online or physical items in-store. Reduced chargebacks– We are a reputable high-risk processor that offers a chargeback management system to all our customers. Vector Payments is the best payment processor for your nutraceutical and supplement business because we provide you with the resources and support you need to succeed. Many herbal products are also referred to as nutraceuticals. Our specially. There are a number of merchant account providers and payment processors that offer offshore. Customer Support +1 (516) 217-1989By establishing a merchant account reserve, your processor can safeguard their funds, even if it imposes additional difficulties on you. S. In fact, many banks have. Some adult payment processors will set you up with an offshore merchant account. App. 50% and an authorization. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. And many buyers are savvy, they know exactly what they want. Gain access to an extensive network of domestic and international banks to satisfy your processing needs. Unfortunately, this leaves nutraceutical business owners. Get a secure Nutraceutical Merchant Account with QuadraPay. Nutraceutical Merchant Accounts; Pharmacy Merchant Accounts; Ticket Brokers; Travel Agency Merchant Accounts; All High Risk Merchant Accounts (877) 441-6801; Apply Today! Back. 15% with an added $. Primary Menu. A Merchant ID number (MID), is a unique code assigned to a merchant by their payment processor. RCC is still a legal payment method. Ensuring merchants have reliable and consistent payment. 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. 4 billion as of 2015, and is estimated to reach $204. The ACH network is a system that facilitates electronic transfers between bank accounts in the United States. Los Angeles, CA (PRWEB) January 26, 2015 -- eMerchantBroker is proud to announce merchant account support for all businesses dealing in the nutraceuticals industry. Best Nutraceutical Merchant Account Providers. By doing so you will have the backing of a great bank and be able to grow without worry. Executed eSigned Merchant Agreement. Allied CardPay provides affordable, reliable nutraceutical merchant account. Way2pay. International businesses selling their services and products within the US. Navigating FTC Compliance and Avoiding Legal Pitfalls in the Supplement Industry. Check out our nutraceutical merchant accounts. High Risk Nutraceuticals Merchant Account. They are the equivalent of direct deposit and direct debit in your bank account. A virtual terminal connects to a secure payment processing gateway. 3% plus 30 cents for invoices. C. picture identification. The nutraceutical business is booming, and every year brings new products. An R20 non-transaction account offers users a range of tax benefits. High Risk Nutraceuticals Merchant Account. Merchant Processing Advisors can provide your company with a merchant account at a competitive rate along with the services and features that a nutraceutical company needs, such as the ability to handle multiple currencies, PCI compliance, integrated shopping carts, value added software, fraud and chargeback protection, and secure payment gateways. The requirements for keeping the account will be more stringent and the maximum chargeback rate will be lower than for other, lower-risk businesses. As of 2021-08-10, there are no sponsor banks in the Visa or Mastercard associations that allow cannabis dispensaries to accept credit cards. Best Banks & Credit Unions in Victoria, BC - Coast Capital Savings, Td Bank Financial Group, Vancity Savings Credit Union, Rbc Royal Bank, Island Savings Credit Union,. Apply Now. Be prepared for a site inspection; this is often times required by high risk processors. If you run a cash-only business, you can get away with not having a merchant account. 6 billion by 2017. Conclusion. Benefits of a Kava Merchant Account Services. C. Even though there is no law against the Nutraceuticals businesses, but banks and merchant services don’t accommodate the Nutraceuticals business. Nutraceutical Merchant Accounts. Accept credit card payments online hassle-free. Nutraceutical businesses are classified as high-risk, which makes them ineligible for merchant accounts at numerous sponsoring banks. A high-risk merchant account will accept the risk and allow you to process credit cards. High volume Nutra merchant accounts are our specialty. Gross Sales Monthly Volume. Most banks in the world dread dealing with nutraceutical industry. Gunbroker will charge you a 3% fee on the second $250 of that sale. Early warning chargeback prevention services. services that are. Nutraceutical Merchant Account and Payment Processing Solutions Protect your nutraceutical business from exorbitant bank holds and reserves. Overcome the toughest of merchant challenges & disapprovals. S. Letter from bank. The nutraceutical industry — or nutra industry — has seen huge growth over the last 10 years. The business requires a safe merchant account solution but many of the banks do not prefer to provide them the account. You need a dependable high risk merchant account provider for your nutraceutical merchant account. S.