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CHOOSING THE RIGHT MERCHANT ACCOUNT FOR THE OFFSHORE PHARMACIES

Owners of online pharmacies will want to process card – not - present transactions. Today, consumers are not willing to put any extra effort, to pay for their purchases, such as go to the banks to send out money orders or wire transfers. The consumers like to enter minimum personal details and credit card details by spending just a few minutes. If you have an online store that offers the “next day service”, then will you be able to deliver within one day? The customer’s money order should come in and then the fund transfer should happen and finally you will dispatch the product. Though the product reached your customer’s house in less than a day the actual time to get the payment and then dispatching the product is about one week. Do you think you customer will be happy? You won’t, when your customer sends a complaint against your online store. But, if you processed credit card payments, then you could have received your payment within a few minutes and dispatched the product within 30 minutes of the customer placing the order. Therefore, the customer will be very happy and come back to your online store to make repeat purchases. Processing of credit cards, transfers funds from the customer credit accounts to your bank accounts within a few seconds. This service not only helps you get your money quickly, but it also helps to increase your sales and revenues because you will be able to live up to your promises.

Since they are such valuable assets to online businesses they have to be chosen meticulously. Given below are a few points regarding how to find the right merchant account for an offshore pharmacy? You will have to do some research to find out about the rates, pitfalls and terminologies. Most of the information is available on the internet. Carefully go through and understand every term, statement and rule so that you will have a clear idea of what you will buy.

There are several pitfalls which you must look out for before you sign up for any of those merchant account services. Most of the providers have many hidden costs that are not listed on their websites. These will be embedded deep in the “Terms and Conditions” documents which are not read by the merchants. It is highly recommended that you read the entire document at least 2 times before signing the contract with them. Also, check to see if they are providing any technical support.

It is advisable to take professional help. The terms and regulations will not be concealed by the good merchant account providers and they will also give a few bonus services for free. They will also suggest you the best services for you online pharmacies. It saves you time, effort and money.

Online pharmaceutical companies cannot survive without accepting credit cards. Therefore, they need offshore merchant account services and credit card processors. An online pharmaceutical should be responsive and flexible. Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.