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Nutra Merchant Account is Significant in Business
 

Nutra merchants are required to have a merchant account in order to be successful on the internet today. Even though nutraceutical businesses are high risk they are still able to acquire payment processing both offshore and domestically depending most on the individual business.

Nutra merchants are considered high risk for a number of reasons. First of all nutra merchants sell non-FDA approved drugs and supplements. Secondly, nutraceutical merchants mainly sell their products with aggressive sales tactics such as free trial offers. Free trial offer is a very popular sales strategy for merchants in order to boost sales. The free trial merchant offers the nutraceutical products at a discount, usually by just charging shipping and handling to the customer. Part of the terms and conditions that the customer agrees to, charges the customer monthly at the normal rate for the nutraceuticals. This recurring billing is where the risk lies. If the free trial was $9.95 and the rebilling is at $69.95 there will be a number of customer complaints, cancellations and chargebacks, even if the customer has read the terms completely. This is considered negative option where the customer must opt out of the recurring billing in order to discontinue having their card charged. What adds to the problems is if the customer service at the business is poor, this will create a number of chargebacks.

Nutra merchants are able to obtain a high risk domestic or offshore merchant account depending on their business history. If they are located in the US and the personal credit of the signer is good they should be able to be approved quite easily if they are not rebilling customers as negative option. Merchants with previous processing history will be much easier to be approved if they are able to provide all of their previous processing history. Offshore Merchants has been setting up nutra merchant accounts since 2007.

Contact one of our helpful account representatives to assist you in the setup of high risk merchant accounts, offshore merchant accounts and high risk offshore merchant accounts.