Pharmacy merchant accounts are only
available from offshore processors for a
number of legal reasons. These merchants
have a number of issues including
scrutiny from drug companies,
governments and the card brands. Drug
companies are constantly suing the card
brands over the processing of generic
products that are sold as the brand name
product. The government is cracking down
on online pharmacies because there are
commonly allegations of fake drugs being
sold that have not gone through rigorous
testing and are not approved by the FDA.
Fake drugs are a large problem. These
fake drugs are being sold under the
brand name drug however the drug was not
manufactured by the real company. All of
these legal problems plague payment
processors and legitimate online
pharmacy businesses because of the
increased amount of risk which adds to
the cost of the processing solutions.
Pharmacy merchant accounts will be
able to process numerous different
drugs. These drugs will include; herbal
supplements, weight loss products,
woman’s contraception and health
medication and men’s health medication
such as; cialis, Viagra and propecia.
These pharmacy merchant accounts will
have strict requirements of what they
are able to sell and what they will not
be allowed to sell. No processors are
going to allow controlled drugs to be
sold. The pharmacy payment processor
will review the pharmacy merchant’s
website in depth to make sure there are
no restricted drugs being sold. If there
are restricted drugs on the merchant’s
website, the merchant must remove these
before being approved. The processor
will keep constant check on their
merchant’s websites to make sure no
restricted drugs are being sold.
Offshore Merchants has been setting
up pharmacy merchant accounts since 2007
and will be able to have your online
pharmacy approved and setup within 1-3
weeks depending on the completeness of
your supporting documentation and your
previous processing history.
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.